Salicylic Acid Market by Application - Global Industry Analysis and Forecast to 2022

2018-05-30 / 3800.00 / Food / 89 Pages

Description

Industry Trend Analysis

The Salicylic Acid market was valued around USD 0.28 Billion in 2014 and is expected to reach roughly USD 0.46 Billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 5.49% during the forecast period due to the growing demand of salicylic acid for production of cosmetic, hair care and skincare products on account of rising awareness among customers regarding benefits of it. Salicylic acid is widely used in the production of aspirin. Growing aspirin tablets consumption owing to better pain relieving together with easy accessibility of the medicines is anticipated to boost its demand. Though, growing concerns about the fallouts of aspirin are projected to hinder the growth of the market. The global salicylic acid market is extremely fragmentized, classified by a few manufacturers with diverse evaluation patterns by the application. Industrially, it is fabricated by chemical fusion of phenol. The growth of the gas & oil industry in the United States and the Middle East is likely to augment the phenol availability as a staple. Additionally, increasing discovery & output of tight oil and shale gas is anticipated to amplify the phenol supply that in turn is projected to boost the demand over the forecast years. Though, contact to the large quantity of salicylic acid has discovered to be injurious to the skin and also it can cause skin irritation, blistering, and severe dryness. Growing awareness among consumer regarding the side effects of salicylic acid is prone to push customers towards organically derived yield including thyme, grape juice, tea tree oil, and rosemary which can be utilized as a substitute of salicylic acid, hence hampering the general growth of the market.

Application Outlook and Trend Analysis

The global market is sectioned according to the application as; pharmaceutical, cosmetics, and food & preservatives industry. The global market was influenced by pharmaceutical applications due to rising utilization of salicylic acid based medicines for the management of several skin related diseases and also for cardiovascular illnesses and Hughes disorder. The preservatives and food section is anticipated to demonstrate an elevated growth rate of around 7% during forecast period. Rising applications of salicylic acid, as well as its by-products in the beverage and food industry to avoid fermentation and spoiling, is likely to turn into amplifying market demand. Besides, increasing utilization as preservatives of salicylic acid to extend product’s shelf-life such as wine, beer, and sauces is anticipated to enhance the salicylic acid product demand. The cosmetics industry is expected to experience growing salicylic acid demand owing to the elevated demand for acne reduction preparations and facial creams. Additionally, the global market is projected to observe an escalating demand for conditioners and shampoos that are utilized to handle different hair conditions. Moreover, rising cases of pimples, blackheads, zits, and warts are likely to fuel the growth for products containing salicylic acid during the forecast years.

Regional Outlook and Trend Analysis

In 2015, Europe region was reported for around 30% market share of due to the increasing haircare and skincare industry actuated by rising awareness regarding hygiene and health in the region. Besides, rising use of aspirin to prevent and treat ailments like dementia and strokes among the geriatric population is projected to boost the growth of the global market during the forecast period. Though, strict regulations enforced by the European Commission concerning the utilization of salicylic acid are predicted to hamper the market growth. The Latin America market is estimated to show large growth of around 8.0% during the forecast period. Rising demand for processed food products has boosted the demand of preservatives, for which the salicylic acid is a key ingredient. Also, escalating demand for medicinal cosmetics joined with increasing use of pharmaceutical products containing salicylic acid owing their outcomes on illnesses like dementia and Hughes syndrome is anticipated to fuel the growth of the global market during the forecast period.

Competitive Outlook and Trend Analysis

The major market players for the global salicylic acid market are; J.M. Loveridge Ltd., Alfa Aesar, Simco Chemicals, Alta Laboratories, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Siddharth Carbochem Products Ltd., and Novocap SA. The key product buyers include skincare and haircare manufacturers like St. Ives, Clean & Clear, and Neutrogena, pharma companies like Bayer, and preservatives & food manufacturers like Mondelez, Tyson, and Heinz. The market is classified by acquisitions and mergers as strategies to expand market share. For example, an Argentina-based salicylic acid manufacturer, Novocap SA bought salicylic acid and acetaminophen business of Rhodia Specialty Chemicals to establish a new company named as Novacyl, in a shift to augment its market share existence and market share.

The global salicylic acid market is segmented as follows –

By Application


Pharmaceuticals



PC



Wart Remover
Disinfectant
Antifungal
Dentifrices
Antiseptic
Anti-irritant







OTC


Scale Lifter








Ointment




Skin Care

Moisturizer
Sunscreen
Acne Solution


Hair Care

Conditioner
Shampoo


Food Preservatives & Others


By regions


North America



Canada
U.S
Mexico



Europe



Spain
Germany
UK
France
Italy
Rest of Europe



Asia-Pacific



Japan
India
China
Australia
South Korea
Rest of Asia Pacific



Rest of the World



Brazil
United Arab Emirates
South Africa
Saudi Arabia
Others


Some of the key questions answered by the report are:


What was the market size in 2014 and forecast from 2015 to 2022`
What will be the industry market growth from 2015 to 2022`
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast`
What are the major segments leading the market growth and why`
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition`

Table of Content

Table of Contents

1.Introduction

1.1.Report Description

1.2.Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2.Executive Summary

2.1.Key Highlights

3.Market Overview

3.1.Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2.Market Share Analysis

3.3.Market Dynamics

3.3.1. Drivers

3.3.1.1.Rising demand for aspirin drug

3.3.1.2.Growing utilization in preserved food & beverage industry

3.3.2. Restraints

3.3.2.1.Consumer attentiveness about the harmful effects

3.3.3. Opportunities

3.3.3.1.High acceptance in medical cosmetics

3.4.Industry Trends

4.Salicylic Acid Market, By Application

4.1.Introduction

4.2.Salicylic Acid Market Assessment and Forecast, By Application, 2014-2022

4.3.Pharmaceuticals

4.3.1. Market Assessment and Forecast, By Type, 2014-2022 ($Million)

4.3.2. Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.1.PC

4.3.2.1.1.Market Assessment and Forecast, By Type, 2014-2022 ($Million)

4.3.2.1.2.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.1.2.1.Wart Remover

4.3.2.1.2.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.1.2.2.Disinfectant

4.3.2.1.2.2.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.1.2.3.Antifungal

4.3.2.1.2.3.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.1.2.4.Dentifrices

4.3.2.1.2.4.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.1.2.5.Antiseptic

4.3.2.1.2.5.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.1.2.6.Anti-irritant

4.3.2.1.2.6.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.2.OTC

4.3.2.2.1.Market Assessment and Forecast, By Type, 2014-2022 ($Million)

4.3.2.2.2.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.2.2.1.Scale Lifter

4.3.2.2.2.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.2.2.2.Ointment

4.3.2.2.2.2.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.3.Skin Care

4.3.2.3.1.Market Assessment and Forecast, By Type, 2014-2022 ($Million)

4.3.2.3.2.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.3.2.1.Moisturizer

4.3.2.3.2.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.3.2.2.Sunscreen

4.3.2.3.2.2.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.3.2.3.Acne Solution

4.3.2.3.2.3.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.4.Hair Care

4.3.2.4.1.Market Assessment and Forecast, By Type, 2014-2022 ($Million)

4.3.2.4.2.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.4.2.1.Conditioner

4.3.2.4.2.1.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.4.2.2.Shampoo

4.3.2.4.2.2.1.Market Assessment and Forecast, By Region, 2014-2022 ($Million)

4.3.2.5.Food Preservatives & Others

5.Salicylic Acid Market, By Region

5.1.Introduction

5.2.Salicylic Acid Market Assessment and Forecast, By Region, 2014-2022 ($Million)

5.3.North America

5.3.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

5.3.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.3.2.1.U.S.

5.3.2.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.3.2.1.2.

5.3.2.2.Canada

5.3.2.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.3.2.3.Mexico

5.3.2.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.Europe

5.4.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

5.4.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.2.1.Germany

5.4.2.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.2.2.France

5.4.2.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.2.3.UK

5.4.2.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.2.4.Italy

5.4.2.4.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.2.5.Spain

5.4.2.5.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.2.6.Russia

5.4.2.6.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.4.2.7.Rest of Europe

5.4.2.7.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.Asia-Pacific

5.5.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

5.5.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.2.1.Japan

5.5.2.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.2.2.China

5.5.2.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.2.3.Australia

5.5.2.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.2.4.India

5.5.2.4.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.2.5.South Korea

5.5.2.5.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.2.6.Taiwan

5.5.2.6.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.5.2.7.Rest of Asia-Pacific

5.5.2.7.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.6.Rest of the World

5.6.1. Market Assessment and Forecast, By Country, 2014-2022 ($Million)

5.6.2. Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.6.2.1.Brazil

5.6.2.1.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.6.2.2.Turkey

5.6.2.2.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.6.2.3.Saudi Arabia

5.6.2.3.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.6.2.4.South Africa

5.6.2.4.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.6.2.5.United Arab Emirates

5.6.2.5.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

5.6.2.6.Others

5.6.2.6.1.Market Assessment and Forecast, By Application, 2014-2022 ($Million)

6.Company Profiles

6.1.Thermo Fisher Scientific Inc.

6.1.1. Business Overview

6.1.2. Product Portfolio

6.1.3. Key Financials

6.1.4. Strategic Developments

6.2.JM Loveridge Limited

6.2.1. Business Overview

6.2.2. Product Portfolio

6.2.3. Strategic Developments

6.3.Alta Laboratories

6.3.1. Business Overview

6.3.2. Product Portfolio

6.3.3. Strategic Developments

6.4.Novocap

6.4.1. Business Overview

6.4.2. Product Portfolio

6.4.3. Strategic Developments

6.5.Zhenjiang Gaopeng Pharmaceutical Co. Ltd

6.5.1. Business Overview

6.5.2. Product Portfolio

6.5.3. Strategic Developments

6.6.Simco Chemicals

6.6.1. Business Overview

6.6.2. Product Portfolio

6.6.3. Strategic Developments

6.7.Sigma-Aldrich

6.7.1. Business Overview

6.7.2. Product Portfolio

6.7.3. Strategic Developments

6.8.Spectrum Chemicals & Laboratory Products

6.8.1. Business Overview

6.8.2. Product Portfolio

6.8.3. Strategic Developments

6.9.Avantor Performance Materials

6.9.1. Business Overview

6.9.2. Product Portfolio

6.9.3. Strategic Developments

6.10.Salicylates And Chemicals Pvt. Ltd.

6.10.1.Business Overview

6.10.2.Product Portfolio

6.10.3.Strategic Developments


Table of Figures

Table 1.Salicylic Acid Market, By Application ($Million), 2014-2022
Table 2.Pharmaceuticals Market, By Region ($Million), 2014-2022
Table 3.Wart Remover Market, By Region ($Million), 2014-2022
Table 4.Disinfectant Market, By Region ($Million), 2014-2022
Table 5.Antifungal Market, By Region ($Million), 2014-2022
Table 6.Dentifrices Market, By Region ($Million), 2014-2022
Table 7.Antiseptic Market, By Region ($Million), 2014-2022
Table 8.Anti-irritant Market, By Region ($Million), 2014-2022
Table 9.OTC s Market, By Region ($Million), 2014-2022
Table 10.Scale Lifter Market, By Region ($Million), 2014-2022
Table 11.Ointment Market, By Region ($Million), 2014-2022
Table 12.Skin Care Market, By Region ($Million), 2014-2022
Table 13.Moisturizer Market, By Region ($Million), 2014-2022
Table 14.Sunscreen Market, By Region ($Million), 2014-2022
Table 15.Acne Solution Market, By Region ($Million), 2014-2022
Table 16.Hair Care Market, By Region ($Million), 2014-2022
Table 17.Conditioner Market, By Region ($Million), 2014-2022
Table 18.Shampoo Market, By Region ($Million), 2014-2022
Table 19.Food Preservatives & Others Market, By Region ($Million), 2014-2022
Table 20.Salicylic Acid Market, By Region ($Million), 2014-2022
Table 21.North America Salicylic Acid Market, By Country, 2014-2022 ($Million)
Table 22.North America Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 23.U.S. Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 24.Canada Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 25.Mexico Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 26.Europe Salicylic Acid Market, By Country, 2014-2022 ($Million)
Table 27.Europe Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 28.Germany Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 29.France Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 30.UK Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 31.Italy Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 32.Spain Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 33.Russia Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 34.Rest of Europe Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 35.Asia-Pacific Salicylic Acid Market, By Country, 2014-2022 ($Million)
Table 36.Asia-Pacific Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 37.Japan Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 38.China Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 39.Australia Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 40.India Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 41.South Korea Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 42.Taiwan Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 43.Rest of Asia-Pacific Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 44.Rest of the World Salicylic Acid Market, By Country, 2014-2022 ($Million)
Table 45.Rest of the World Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 46.Brazil Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 47.Turkey Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 48.Saudi Arabia Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 49.South Africa Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 50.United Arab Emirates Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 51.Others Salicylic Acid Market, By Application, 2014-2022 ($Million)
Table 52.Thermo Fisher Scientific Inc.: Key Strategic Developments, 2015-2017
Table 53.JM Loveridge Limited: Key Strategic Developments, 2015-2017
Table 54.Alta Laboratories: Key Strategic Developments, 2015-2017
Table 55.Novocap: Key Strategic Developments, 2015-2017
Table 56.Zhenjiang Gaopeng Pharmaceutical Co. Ltd: Key Strategic Developments, 2015-2017
Table 57.Simco Chemicals: Key Strategic Developments, 2015-2017
Table 58.Sigma-Aldrich: Key Strategic Developments, 2015-2017
Table 59.Spectrum Chemicals & Laboratory Products: Key Strategic Developments, 2015-2017
Table 60.Avantor Performance Materials: Key Strategic Developments, 2015-2017
Table 61.Salicylates And Chemicals Pvt. Ltd.: Key Strategic Developments, 2015-2017

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