Salicylic Acid Market – Trends and Forecasts by Technavio

August 24, 2017

LONDON–(BUSINESS WIRE)–#Research–According to the latest market study released by Technavio,
the global salicylic acid market is expected to grow at a CAGR of over
9% through 2021.

This research report titled ‘Global
Salicylic Acid Market 2017-2021’ provides an in-depth analysis of
the market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

The global salicylic acid market is expected to grow at a significant
rate during the forecast period, owing to the enormous demand from
pharmaceutical and cosmetic industries. Salicylic acid is the prime
ingredient in the manufacture of aspirin that is predominantly used for
relieving pains and fever. The increased use of aspirin in the medical
industry and the growing number of skin infections are the major drivers
for the market.

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Technavio’s analysts categorize the global salicylic acid market into
four major segments by application. They are:

Pharmaceuticals
Cosmetics
Food and preservative and textiles
Others

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The top three segments based on application for the global salicylic
acid market are discussed below:

Global salicylic acid market by pharmaceuticals

Salicylic
acid is used in the pharmaceutical industry as an antiseptic,
disinfectant, and anti-fungal agent. The predominantly derived drug
compound is aspirin, which is used to restrain body pain, fever, and
inflammation. Also, salicylic acid is used for the treatment of skin
diseases, rheumatoid arthritis, osteoarthritis, cancer, and to prevent
heart strokes.

According to Kshama Upadhyay, a lead specialty
chemicals research analyst from Technavio, “A significant
amount of salicylic acid is predominantly used in the manufacture of
aspirin. Furthermore, aspirin capacity expansions are also taking place.
Hence, increasing cardiovascular death rates and increasing spending on
medicines are likely to drive the demand for aspirin demand. This, in
turn, will lead to the inevitable growth of the global salicylic acid by
pharmaceuticals during the forecast period.”

Global salicylic acid market by cosmetics

Skincare products, such as cleanser, moisturizer, sunscreen, anti-acne
creams, body wash, primer, and foundation, act as a keratolytic to treat
acne, congested pores, uneven skin tone, and oily skin. Due to the oil
soluble property of salicylic acid, it penetrates the skin pores easily
and results in the exfoliation of the skin.

“Haircare products, such as conditioners, shampoos, hair sprays, and
hair colors, help in treating the scalp. The amount of salicylic acid
recommended for use in leave-on products is 1% and in rinse-off products
is 2%. When used in shampoos, salicylic acid treats dandruff by soothing
the scalp and softening scaly skin, making it easier to remove when
washed,” says Kshama.

Global salicylic acid market by food and preservative and textiles

Some of the other major applications of salicylic acid include textiles
and preservatives. Salicylic acid is used as an additive, predominantly
in artificial flavoring and aromatic purposes. It is also used as a
preservative in several food items, such as meat, poultry, seafood,
baked goods, beverages, candy, chewing gums, condiments, gelatins and
puddings, and ice cream, in the food and beverage industry.

Salicylic acids are used in viscous fabrics for the synthesis of dyes
and to achieve anti-bacterial properties. Salicylic acid and its
derivatives, such as methyl salicylate, weakens the respiration of
bacteria called tubercle bacillus that is responsible for tuberculosis.
Thus, the use of salicylic acid helps in minimizing bacterial infection.

The top vendors highlighted by Technavio’s research analysts in this
report are:

Alfa Aesar
Alta Laboratories
J. M. Loveridge
Novacap
Sigma-Aldrich

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