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A recent report published by Infinium Global Research on AEA salicylic acid market provides in-depth analysis of segments and sub-segments in the global as well as regional AEA salicylic acid market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional AEA salicylic acid market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global AEA salicylic acid market.
Salicylic acid is an odorless and white granular powder that's extracted from the bark of willow trees (Salix spp.) or derived synthetically. AEA salicylic acid is a member of the aspirin family which has the tendency to increase skin moisture while also dissolving the substance that typically fuses skin cells together. It has the chemical formula C7H6O3 and is a lipophilic monohydroxy benzoic acid, a type of phenolic acid, and a Beta-hydroxy Acid (BHA). Owing to its anti-inflammatory properties, salicylic acid is a vital ingredient in the pharmaceutical industry. Moreover, due to its chemical and physical properties, it acts as an intermediate in the cosmetics and pharmaceutical industry. The benefits of salicylic acid in removing dead skin cells from the skin have created significant development possibilities for the cosmetics industry.
Increasing incidences of cardiovascular disorders owing to unhealthy lifestyle patterns have significantly propelled the use of salicylic acid’s derivative aspirin in treatment procedures. Investments by pharmaceutical companies in developing novel aspirin products for curing strokes, regular viral infections, and disorders such as dementia are significantly uplifting its use hence flourishing its demand. In addition, increasing demand for packaged and ready to eat food in the developed as well as developing provinces is offering lucrative growth opportunities for the AEA salicylic acid because of its food preservation and fermentation prevention properties. Moreover, the inclination of the population towards using premium ingredients essential, cosmetic, and beauty products to cure a number of skin and hair related problems will drive the product market over the anticipated period. With respect to the increasing demand, escalating manufacturer’s interest to launch innovative and effective AEA salicylic acid products is offering lucrative prospects to the market growth in the forecast years. However, stringent rules and regulations mandated by the government with respect to the use of salicylic acid are anchoring the market growth. In addition, rising awareness among the population regarding the adverse effect of overexposure of salicylic acid is anticipated to pull down the market.
The global AEA salicylic acid market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. Among the regions, North America is anticipated to dominate the AEA salicylic acid market during the forecast period. There’s considerable growth in this region, because of the increasing per capita spending on healthcare and cosmetics products. Increasing incidences of chronic disorders such as atrioventricular disorders has significantly garnered opportunity driven growth for the market. In addition, increasing concerns with respect to acne vulgaris in the population has increased the use of products containing AEA salicylic acid. The Asia Pacific region is expected to be the fastest growing region during the forecast period. Rigorous rise in the food & beverage industry in the region coupled with increased spending on packaged food is aiding the market growth during the forecast period.
| Report Coverage | Details |
|---|---|
| Market Size in 2022 | USD 554.42 Million |
| Market Size by 2030 | USD 951.46 Million |
| Growth Rate from 2023 to 2030 | CAGR of 6.14% |
| Largest Market | North America |
| No. of Pages | 255 |
| Market Drivers |
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| Market Segmentation | By Form, By Grade, and By End-use Industry |
| Regional Scope | North America, Europe, Asia Pacific, and RoW |
The report on global AEA salicylic acid market covers segments such as form, grade, and end-use industry. On the basis of form, the sub-markets include powder, and liquid. On the basis of grade, the sub-markets include technical grade, pharmaceutical grade, and others. On the basis of end-use industry, the sub-markets include cosmetics industry, pharmaceuticals industry, food & beverage industry, and dye industry.
The report provides profiles of the companies in the market such as Kadillac Chemicals Pvt. Ltd., Jiangsu Wanlong Chemical Co., Ltd., Emerald Kalama Chemical (acquired by LANXESS), Haihang Industry, Shimmer Chemicals Pvt. Ltd., Merck KGaA, J.M. Loveridge Ltd, BELL CHEM CORP., Alta Laboratories Ltd, and Salicylates And Chemicals Pvt. Ltd..
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the AEA salicylic acid market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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