Salicylic Acid Market By Application (Pharmaceutical, Food & Preservative, Personal Care Products, Cosmetics) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Salicylic Acid is an organic acid available since centuries globally. It is a colorless and odorless crystalline powder. It is extracted naturally from the bark of willow tree. Since centuries people are using salicylic acid as a medicinal product to reduce fever, aches and pains.Salicylic acid has anti-inflammatory properties which makes it an important acid in the pharmaceutical industry. Therefore, growing demand is reported for salicylic acid from the pharmaceutical industry worldwide. Salicylic acid is also used in the production of cosmetic and personal care products. The beneficial properties of salicylic acid of peeling off dead skin have created huge opportunities for growth in the cosmetic industry.

Growing awareness of well being and health among the people, especially in the emerging economies has led to greater use of cosmetic and personal care products. Useful properties of salicylic acid have led to high demand from the cosmetic industry. Therefore, personal care products and cosmetic industry is also expected to contribute to the growing demand and growth of salicylic acid market during the forecast period from 2016 to 2022. Food and preservatives is another sector responsible for high demand of salicylic acid market due to its antiseptic property. Salicylic acid is used as a food preservative on a large scale in the food industry. Hence, food and other applications are also expected to boost market demand for salicylic acid in the near future.

Salicylic acid market was valued at US$ 253.7 Mn in 2015 and is expected to reach US$ 445.0 Mn by 2022, growing at a CAGR of 8.4% during the forecast period 2016-2022.

Salicylic Acid Market

Purpose of the Report

The purpose of this strategic research study titled “Global Salicylic Acid Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global salicylic acid market.

Target Audience

  • Industry Investors
  • Salicylic Acid Providers/Vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers/ Buyers
  • Product Suppliers/ Buyers
  • Research Institutes

USP and Key Offerings

The report titled “Global Salicylic Acid Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global salicylic acid market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on end-user applications, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading salicylic acid vendors, their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

  • Current and future market trends to justify the forthcoming attractive markets within salicylic acid industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2013 – 2014)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global salicylic acid market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

Application Segmentation Analysis

On the basis of its end use, the salicylic market is categorized into following applications:

  • Pharmaceutical
  • Food & Preservative
  • Personal Care Products
  • Cosmetics
  • Others (Derivatives, Industrial, etc.)

 

Salicylic Acid Market

 

Pharmaceuticals accounted for largest share of global salicylic acid market in 2015. The medicinal properties of salicylic acid such as reducing pain and aches have led to high demand from the pharmaceutical industry. Variety of painkillers and ointment are manufactured from salicylic acid in the market. For instance, salicylic acid is used in production of medicine which help in the treatment of psoriasis. Therefore, high demand for salicylic acid is witnessed from the pharmaceutical industry and is expected to increase in the near future. Personal care products accounted for more than 20% share of global salicylic acid market in 2015. Salicylic acid is used in manufacture of many personal care products. This acid has the property of curing blemishes which is now used for acne treatments worldwide. Increasing use of beauty products among the population has therefore given rise to demand for personal care products in the market. Hence, increasing demand for salicylic acid from the personal care products industry is expected to drive growth of global salicylic acid market.

The major factors driving the growth of salicylic acid in the market are the rising demand for aspirin in the market. In addition, high demand for wide range of personal and skin care products is also expected to contribute to the growth of salicylic acid market. Therefore, other application such as cosmetics and industrial are also expected to boost market demand for salicylic acid during the forecast period from 2016 to 2022.

Geography Segmentation Analysis

On the basis of geography, the global salicylic acid market is segmented into following categories,

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Franc
    • Germany
    • UK
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa
  • Rest of the World (RoW)
    • Australia
    • Brazil
    • Rest of RoW

 

Salicylic Acid Market

 

Europe accounted for the larger share of more than 30% of the global salicylic acid market in 2015. The growing demand for skin care products in the region has led to the growth of personal care products and cosmetic industries in the region. Therefore, high demand for salicylic acid is reported from cosmetic and personal care products in the region. Asia Pacific was the fastest growing market for salicylic acid in 2015 due to the growing pharmaceutical industry in the region. High demand for aspirin has led to booming growth of salicylic acid in the market. Therefore, Asia Pacific is projected to expand market demand and offer high growth opportunities for salicylic acid in the near future. Other regions such as North America, Middle East & Africa and Rest of the World are also anticipated to fuel demand for salicylic acid due to increasing use of beauty products and demand for processed food in the regions.

Hismation: Salicylic Acid

Salicylic acid has its existence since centuries as it is found naturally in the bark of willow tree. It is been used since centuries as ailments. It has been used for a variety of products in areas such as cosmetics, skin care, stomach relief, etc. Salicylic acid is known as wonder drug due to its beneficial properties.

Salicylic acid was introduced to the market by a Greek physician Hippocrates. Hippocrates discovered salicylic acid in the 5th century BC. By his research he came to an analysis that the dry powder extracted from bark of willow tree could relieve pains and aches. It could also reduce fever. This remedy is also in writing in the ancient Lebanon, Sumer and Assyria. Native Americans and Cherokee used the bark of willow tree for fever and various medicinal purposes for a number of years.

The inner part of the bark has medicinal properties and is used in the production of medicines. Fact that willow bark was used to reduce fever was discovered by the reverend Edward Stone from Oxdfordshire England in the year 1763. The active extract of the bark is known as Salicin, after the word white willow in Latin. In the year 1826, this extract was isolated and named after John Buchner in Germany. Later, in 1828, a larger portion of the substance was extracted and isolated by a French pharmacist named Hanri Laroux. Finally, an Italian chemist named Raffaele Piria could convert this extract into chemical substance, Salicylic acid. In the year 1839, German researchers extracted salicylic acid form the herb meadowsweet. This extract was beneficial but led to digestive problems such as bleeding, gastric irritation and diarrhea. It could also lead to death if consumed in high doses.

Salicylic acid has appearance of crystalline powder which is colorless. It can be either odorless or may have a slight phenolic odour. It is sweet to taste and has a melting point of 159A degree Celsius. It has a relative density of 1.4 in comparison of water which has density of 1. Salicylic acid is soluble in boiling water, ether and alcohol. Salicylic acid is a stable compound but some strong oxidizing agents like iodine, strong bases and fluorine may lead to strong reactions. It can harm if ingested or is absorbed through skin. It is irritant and is sensitive to light.

Salicylic acid functions on dermis by softening keratin which is one among the proteins present in the dermis structure. On softening of dermis, the skin sheds easily. In the form of medicines, salicylic acid is called kerolytics as they soften and ease the exfoliation of epidermal cells.

This acid also functions as comedolytic medication as it breaks comedones and helps open clogged pores. It is also an analgesic when taken orally and is also an inflammatory drug. Salicylic acid helps in blocking the production of certain hormones known as prostaglandins which are released from damaged cells. If prostaglandins are not blocked, release of other hormones takes place which causes the nerves to be sensitive to pain. Hence, by blocking prostaglandins the pain and inflammation are reduced to a great extent.

Salicylic acid, apart from medicinal application is also used for other application in the market. It is used as a food preservative because of its antiseptic properties. It is used at low doses as it may be toxic in excess. Products containing salicylic acid cannot be used by people suffering from zinc deficiency. Salicylic acid was renowned as the best drug in the year 1898. It is a valuable substance as it causes increase in the growth, flowering and production of heat as it is a plant hormone. The other factors leading to growth of salicylic acid are applications in the medical, cosmetic and personal care products industry.

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Published Date:  Mar 2016
Category:  Food & Beverage
Report ID:   57744
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
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