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Global Salicylic Acid Market By Application (Pharmaceutical, Skin Care, Hair Care, Food Preservatives & Others)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Summary
Table Of Content

Key Highlights of the Report

How are the major segments performing in the Salicylic Acid market?

In 2022, the pharmaceutical sector dominated the market due to the rising usage of medications based on salicylic acid for the treatment of various skin conditions, cardiovascular diseases, and Hughes syndrome.

How does the Market Size of Salicylic Acid regard value?

The global salicylic acid market is anticipated to grow at a substantial CAGR of 8.5% in the upcoming years. The global salicylic acid industry was estimated to be worth USD 450.9 million in 2022 and was expected to be worth USD 798.2 million by 2028.

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Which region dominated the salicylic acid market?

Due to a booming skincare and haircare business driven by rising health and hygiene awareness in the region, Europe held a significant market share of over 30% in 2022. Additionally, growing aspirin use to treat and prevent diseases like strokes and dementia among the aging population is anticipated to fuel market expansion throughout the forecast period. However, it is anticipated that the growth would be hampered by the strict controls the European Commission has implemented regulating the use of salicylic acid.

How is US Market Performing in the salicylic acid market?

The United States will likely continue to lead the salicylic acid market for the foreseeable future, cementing its position as the top nation. The US salicylic acid market has expanded quickly due to the rising demand. To fulfill the growing demand in this promising market, manufacturers keep a close eye on it and intend to invest heavily in introducing cutting-edge technologies and increasing production capacity.

REPORT ATTRIBUTE	DETAILS
Salicylic Acid Market by Volume	Yes
Salicylic Acid Market by Value	Yes
Salicylic Acid Market, Tornado Analysis	Yes
Salicylic Acid Market, STAR Analysis	Yes
Salicylic Acid Market, SRC Analysis	Yes
Salicylic Acid Market, Import-Export Data	Yes (On Demand)
Salicylic Acid Market Pricing Analysis	Yes (On Demand)
Salicylic Acid Market Segment Analysis	By Application (Pharmaceutical, Skin Care, Hair Care, Food Preservatives & Others)
Salicylic Acid Market, Regional Analysis	Europe (Germany, Spain, UK, France, Italy, and Rest of Europe) North America (US and Canada) Latin America (Mexico, Brazil, and Rest of Latin America) Asia Pacific (South Korea, South East Asia, China, India, Japan, and Rest of Asia Pacific) Middle East and Africa (South Africa, GCC Countries, and Rest of Middle East and Africa)
Salicylic Acid Market Key Companies	Alfa Aesar, Avonchem Limited, J.M. Loveridge Limited, Novacyl, Midas Pharma GmbH, Wego Chemical Group, Solvay Merck KGaA, and Reagents.
Salicylic Acid Market Competitive Landscape	Market Share Analysis Competitive Benchmarking Key Players Market Positioning Geographical Presence Analysis Major Strategies Adopted

How is the economy impacting the global salicylic acid market growth?

The post-Covid-19 epidemic, the conflict between Russia and Ukraine, and other key events may impact the overall demand. The conflict would impact the logistics and supply chain of the sector, increasing costs and making it more difficult to source raw materials, which would limit expansion. The market for salicylic acid will see more prosperous chances due to the rising demand for aspirin in the treatment and prevention of dementia and strokes. However, the COVID-19 supply chain disruption significantly threatens the market’s expansion rate.

What is the competitive environment of the salicylic acid market?

Thermo Fisher Scientific, Shandong Xinhua Longxin Chemical Co. Ltd., Merck & Co. Inc., Zhenjiang Gaopeng Pharmaceutical Co. Ltd., and other regional firms compete fiercely for market share in the salicylic acid sector. The number of domestic competitors is substantial, albeit the majority of them run scaled-down operations. Additionally, the major producers of salicylic acid are putting their worldwide market development plan into practice and embracing cutting-edge international quality management standards and certifications, including GMP, ISO9001, ISO14001, ISO10012, and ISO22000. To make their products available worldwide, domestic firms are concentrating more and more on forming strategic alliances with multiple global corporations.

Executive Summary

What are the key trends in the Salicylic Acid market?

Salicylic acid, a versatile substance that combats various systemic blemish-causing factors, is increasingly used in acne treatment products and other related cosmetics. Growing numbers of adults with acne can be related to increased demand for acne-fighting cosmetics.
Rising packaged food and beverage demand will expand the salicylic acid market. Salicylic acid, which helps stop the fermentation and rotting of packaged food goods, has seen a surge in sales in the food and beverage industries.

What is the market overview of the Salicylic Acid Market?

Salicylic acid, a versatile substance combing systemic blemish-causing factors, is increasingly used in acne treatment products and other related cosmetics. Growing numbers of adults with acne can be related to increased demand for acne-fighting cosmetics.

Researchers have seen a rise in the use of salicylic acid and attribute this expansion to the substance’s development as a replacement for glycolic acid. The following are some significant findings from the study:

According to the Journal of the American Academy of Dermatology, most adult females have some level of facial acne.

In response, numerous cosmetics companies—Clinique, Almay, Neutrogena, and Lancôme—developed acne-fighting solutions, which have experienced tremendous growth in recent years.

Which are the key investments by the salicylic acid market players?

Pharmaceutical firms like Bayer, skincare and haircare companies like Neutrogena, Clean & Clear, and St. Ives, and food and preservatives producers like Tyson, Heinz, and Mondelez are among the top purchasers of the product. Mergers and acquisitions are common tactics used in the industry to increase market share. To expand its market presence and market share, Novocap SA, an Argentine manufacturer of salicylic acid, purchased the salicylic acid and paracetamol businesses of Rhodia Specialty Chemicals to create the new company Novocyl.

Some major players in the salicylic acid market are Alfa Aesar, Avonchem Limited, J.M. Loveridge Limited, Novacyl, Midas Pharma GmbH, Wego Chemical Group, Solvay Merck KGaA, and Reagents.

What are the Major Driving Factors for the Salicylic Acid Market?

Over the projected period, demand for salicylic acid is anticipated to increase as more consumers become aware of its advantages in producing cosmetic skincare and haircare products. Aspirin is manufactured primarily using salicylic acid. Aspirin tablet consumption is anticipated to rise due to the medication’s superior pain-relieving properties and easy accessibility. Due to sedentary lifestyles and increased fast food intake, a rise in the prevalence of chronic acne vulgaris in adults and teenagers may boost the demand for salicylic acid. Additionally, studies have demonstrated the anti-inflammatory and antibacterial effects of salicylic acid. It possesses fungicidal qualities when combined with benzoic acid in the ointment. Additionally, the widespread use of salicylic acid in the pharmaceutical sector to create a variety of medications, including acetylsalicylic acid, phenyl salicylate, sodium salicylate, methyl salicylate, and methyl salicylate, may encourage market expansion.

What are the Major Risks for the Salicylic Acid Market?

Growing worries about aspirin’s negative effects are anticipated to impede market expansion. Aspirin is known to cause a variety of adverse reactions, including fatigue, rashes, cramps, stomach upset, abdominal discomfort, headache, and more. The highly regulated nature of the food, beverage, and cosmetics industries presents a challenge for the salicylic acid market. The availability of substitutes further hampers the market. However, excessive salicylic acid exposure has been discovered to be bad for the skin and can cause severe dryness, blistering, and irritated skin. Consumers are expected to turn to naturally produced goods like grape juice, thyme, rosemary, and tea tree oil that can be used as an alternative to salicylic acid due to growing consumer awareness of the negative consequences of this substance. People all around the world are concentrating on the naturally derived alternative due to growing awareness of the negative effects of salicylic acid on human health, which could result in a decline in demand.

Which is the key battery type in the salicylic acid market?

The pharmaceutical, food & preservatives, and cosmetics industries make up the three application-based market segments. Due to the rising usage of medications based on salicylic acid for the treatment of various skin conditions, cardiovascular diseases, and Hughes syndrome, the pharmaceutical sector has dominated the market. Salicylic acid is increasingly being used to treat various disorders due to technical advancements and research efforts in the medical field.

The food and preservatives segment is expected to grow at a significant rate. Market demand is anticipated to rise as salicylic acid, and its derivatives are increasingly used in the food and beverage sector to stop fermentation and spoiling. The demand for salicylic acid products is also anticipated to increase due to the expanding usage of salicylic acid as a preservative to extend the shelf life of goods, including sauces, beer, and wine. Salicylic acid is expected to grow due to the move towards retail shopping in developed economies around the world, which has significantly affected food processing firms’ efforts to extend the shelf life of their products.

The market for food and preservatives is projected to grow by more than 7% between 2016 and 2024. Salicylic acid and its derivatives are being used more frequently in the food and beverage industry to prevent fermentation and spoilage, which is expected to increase market demand. Salicylic acid is increasingly used as a preservative to enhance the shelf life of items including sauces, beer, and wine, which is expected to raise demand for salicylic acid products. The shift towards retail shopping in developed economies worldwide, which has severely impacted food processing industries’ attempts to extend the shelf life of their products, is anticipated to lead to development in the salicylic acid market.

How is the salicylic acid market performing in regions?

Europe retained a sizeable market share of over 30% in 2022 due to a thriving skincare and haircare industry led by a rise in health and hygiene awareness in the area. The elderly population’s increasing use of aspirin to treat and prevent illnesses like strokes and dementia is also projected to fuel market growth throughout the forecast period. The rigorous limits the European Commission has put in place governing the use of salicylic acid are expected to impede the rise, though.

The Latin American market is anticipated to grow at the highest rate. The substance is a key component of preservatives, which are in higher demand due to rising packaged food product demand. The market is also anticipated to increase over the forecast period due to rising demand for pharmaceutical goods based on salicylic acid and rising use of these products due to their effects on conditions including Hughes syndrome and dementia. Salicylic acid demand has increased significantly in the Asia Pacific due to changing lifestyles and a region-wide reliance on medications for medical ailments. This opened the door for the recent increase in product demand among local pharmaceutical makers.

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What are the major players planning for the future of the salicylic acid market?

The global salicylic acid market is extremely fragmented, with a limited number of producers and a wide range of pricing strategies by application. It is produced for use in commerce by the chemical synthesis of phenol. The availability of phenol as a raw material is anticipated to expand with the growth of the oil and gas industries in the Middle East and the United States. In addition, it is anticipated that demand for phenol will rise during the next eight years due to increased shale gas and tight oil exploration and production.

Segmentation of Global Salicylic Acid Market-

Global Salicylic Acid Market – By Application

Pharmaceutical
Skin Care
Hair Care
Food Preservatives & Others

Global Salicylic Acid Market – By Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Introduction
1.5. Market Research Scope

2. Executive Summary
2.1. Market Snapshot: Salicylic Acid Market
2.2. Salicylic Acid Market, By Application
2.3. Salicylic Acid Market, By Region

3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Salicylic Acid Market Value, 2017-2030, (US$ Bn)
3.1.2. Y-o-Y Growth Trend Analysis
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.2.3. Market Opportunities
3.2.4. Major Industry Challenges
3.3. Growth and Development Patterns
3.4. Investment Feasibility Analysis
3.5. Market Opportunity Analysis
3.5.1. Application
3.5.2. Geography

4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Key Market Trends
4.3.1. Demand Side Trends
4.3.2. Supply Side Trends
4.4. Value Chain Analysis
4.5. Technology Analysis
4.6. Analysis and Recommendations
4.7. Marketing Strategy Analysis
4.7.1. Direct Marketing
4.7.2. Indirect Marketing
4.7.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2022
5.1. Company market share of key players, 2022
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others

6. Economic Impact Analysis
6.1. Recession Impact
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East and Africa
6.2. Ukraine-Russia War Impact
6.2.1. North America
6.2.2. Europe
6.2.3. Asia Pacific
6.2.4. Latin America
6.2.5. Middle East and Africa
6.3. COVID-19 Impact Analysis
6.3.1. North America
6.3.2. Europe
6.3.3. Asia Pacific
6.3.4. Latin America
6.3.5. Middle East and Africa

7. Salicylic Acid Market
7.1. Salicylic Acid Market, by Application, 2017-2030(US$ Bn)
7.1.1. Overview
7.1.2. Salicylic Acid Market, By Application, 2022 vs 2030 (in%)
7.1.3. Salicylic Acid Market, By Pharmaceutical, 2017-2030 (US$ Bn)
7.1.4. Salicylic Acid Market, By Skin Care, 2017-2030 (US$ Bn)
7.1.5. Salicylic Acid Market, By Hair Care, 2017-2030 (US$ Bn)
7.1.6. Salicylic Acid Market, By Food Preservatives, 2017-2030 (US$ Bn)
7.1.7. Salicylic Acid Market, By Others, 2017-2030 (US$ Bn)

8. North America Salicylic Acid Market Analysis
8.1. North America Salicylic Acid Market, by Application, 2017-2030(US$ Bn)
8.1.1. Overview
8.1.2. SRC Analysis
8.2. North America Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
8.2.1. U.S.
8.2.1.1. U.S. Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.2.1.2. U.S. Salicylic Acid, By Application, 2017-2030 (US$ Bn)
8.2.2. Canada
8.2.2.1. Canada Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
8.2.2.2. Canada Salicylic Acid, By Application, 2017-2030 (US$ Bn)

9. Europe Salicylic Acid Market Analysis
9.1. Europe Salicylic Acid Market, by Application, 2017-2030(US$ Bn)
9.1.1. Overview
9.1.2. SRC Analysis
9.2. Europe Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
9.2.1. Germany
9.2.1.1. Germany Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.1.2. Germany Salicylic Acid, By Application, 2017-2030 (US$ Bn)
9.2.2. France
9.2.2.1. France Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.2.2. France Salicylic Acid, By Application, 2017-2030 (US$ Bn)
9.2.3. UK
9.2.3.1. UK Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.3.2. UK Salicylic Acid, By Application, 2017-2030 (US$ Bn)
9.2.4. Italy
9.2.4.1. Italy Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.4.2. Italy Salicylic Acid, By Application, 2017-2030 (US$ Bn)
9.2.5. Spain
9.2.5.1. Spain Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.5.2. Spain Salicylic Acid, By Application, 2017-2030 (US$ Bn)
9.2.6. Rest of Europe
9.2.6.1. Rest of Europe Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
9.2.6.2. Rest of Europe Salicylic Acid, By Application, 2017-2030 (US$ Bn)

10. Asia Pacific Salicylic Acid Market Analysis
10.1. Asia Pacific Salicylic Acid Market, by Application, 2017-2030(US$ Bn)
10.1.1. Overview
10.1.2. SRC Analysis
10.2. Asia Pacific Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
10.2.1. China
10.2.1.1. China Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.1.2. China Salicylic Acid, By Application, 2017-2030 (US$ Bn)
10.2.2. Japan
10.2.2.1. Japan Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.2.2. Japan Salicylic Acid, By Application, 2017-2030 (US$ Bn)
10.2.3. India
10.2.3.1. India Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.3.2. India Salicylic Acid, By Application, 2017-2030 (US$ Bn)
10.2.4. South Korea
10.2.4.1. South Korea Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.4.2. South Korea Salicylic Acid, By Application, 2017-2030 (US$ Bn)
10.2.5. South-East Asia
10.2.5.1. South-East Asia Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.5.2. South-East Asia Salicylic Acid, By Application, 2017-2030 (US$ Bn)
10.2.6. Rest of Asia Pacific
10.2.6.1. Rest of Asia Pacific Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
10.2.6.2. Rest of Asia Pacific Salicylic Acid, By Application, 2017-2030 (US$ Bn)

11. Latin America Salicylic Acid Market Analysis
11.1. Latin America Salicylic Acid Market, by Application, 2017-2030(US$ Bn)
11.1.1. Overview
11.1.2. SRC Analysis
11.2. Latin America Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
11.2.1. Brazil
11.2.1.1. Brazil Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.1.2. Brazil Salicylic Acid, By Application, 2017-2030 (US$ Bn)
11.2.2. Mexico
11.2.2.1. Mexico Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.2.2. Mexico Salicylic Acid, By Application, 2017-2030 (US$ Bn)
11.2.3. Rest of Latin America
11.2.3.1. Rest of Latin America Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
11.2.3.2. Bn)
11.2.3.3. Rest of Latin America Salicylic Acid, By Application, 2017-2030 (US$ Bn)

12. Middle East and Africa Salicylic Acid Market Analysis
12.1. Middle East and Africa Salicylic Acid Market, by Application, 2017-2030(US$ Bn)
12.1.1. Overview
12.1.2. SRC Analysis
12.2. Middle East and Africa Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
12.2.1. GCC Countries
12.2.1.1. GCC Countries Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.2.1.2. GCC Countries Salicylic Acid, By Application, 2017-2030 (US$ Bn)
12.2.2. South Africa
12.2.2.1. South Africa Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.2.2.2. South Africa Salicylic Acid, By Application, 2017-2030 (US$ Bn)
12.2.3. Rest of Middle East and Africa
12.2.3.1. Rest of Middle East and Africa Salicylic Acid Market Estimates and Forecast, 2017-2030 (US$ Bn)
12.2.3.2. Rest of Middle East and Africa Salicylic Acid, By Application, 2017-2030 (US$ Bn)

13. Company Profiles
13.1. Alfa Aesar
13.1.1. Company Overview
13.1.2. Products/Services Portfolio
13.1.3. Geographical Presence
13.1.4. Financial Summary
13.1.4.1. Market Revenue and Net Profit (2019-2022)
13.1.4.2. Business Segment Revenue Analysis
13.1.4.3. Geographical Revenue Analysis
13.2. Avonchem Limited
13.3. J.M. Loveridge Limited
13.4. Novacyl
13.5. Midas Pharma GmbH
13.6. Wego Chemical Group
13.7. Solvay Merck KGaA, and Reagents
13.8. Siddharth Carbochem Products Ltd.
13.9. Zhenjiang Gaopeng Pharmaceutical Co. Ltd

List of Figures
FIG. 1 Salicylic Acid Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Salicylic Acid Market Segmentation
FIG. 4 Salicylic Acid Market, by Application, 2022 (US$ Bn)
FIG. 5 Salicylic Acid Market, by Geography, 2022 (US$ Bn)
FIG. 6 Attractive Investment Proposition, by Application, 2022
FIG. 7 Attractive Investment Proposition, by Geography, 2022
FIG. 8 Global Market Share Analysis of Key Salicylic Acid Market Manufacturers, 2022
FIG. 9 Global Market Positioning of Key Salicylic Acid Market Manufacturers, 2022
FIG. 10 Salicylic Acid Market Value Contribution, By Application, 2022 & 2030 (Value %)
FIG. 11 Salicylic Acid Market, by Pharmaceutical, Value, 2017-2030 (US$ Bn)
FIG. 12 Salicylic Acid Market, by Skin Care, Value, 2017-2030 (US$ Bn)
FIG. 13 Salicylic Acid Market, By Hair Care, 2017-2030 (US$ Bn)
FIG. 14 Salicylic Acid Market, By Food Preservatives, 2017-2030 (US$ Bn)
FIG. 15 Salicylic Acid Market, By Others, 2017-2030 (US$ Bn)
FIG. 16 U.S. Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 17 Canada Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 18 Germany Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 19 France Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 20 U.K. Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 21 Italy Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 22 Spain Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 23 Rest of Europe Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 24 China Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 25 Japan Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 26 India Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 27 South Korea Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 28 Southeast Asia Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 29 Rest of Asia Pacific Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 30 Latin America Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 31 Brazil Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 32 Mexico Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 33 Rest of Latin America Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 34 Middle East & Africa Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 35 GCC Countries Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 36 South Africa Salicylic Acid Market, 2017-2030 (US$ Bn)
FIG. 37 Rest of Middle East and Africa Salicylic Acid Market, 2017-2030 (US$ Bn)

List of Tables
TABLE 1 Market Snapshot: Salicylic Acid Market
TABLE 2 Salicylic Acid Market, by Competitive Benchmarking, 2022
TABLE 3 Salicylic Acid Market, by Geographical Presence Analysis, 2022
TABLE 4 Salicylic Acid Market, by Key Strategies Analysis, 2022
TABLE 5 Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 6 Salicylic Acid Market, by Geography, 2017-2030 (US$ Bn)
TABLE 7 North America Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 8 North America Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
TABLE 9 US Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 10 Canada Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 11 Europe Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 12 Europe Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
TABLE 13 Germany Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 14 France Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 15 UK Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 16 Italy Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 17 Spain Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 18 Rest of Europe Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 19 Asia Pacific Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 20 Asia Pacific Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
TABLE 21 China Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 22 Japan Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 23 India Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 24 South Korea Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 25 South East Asia Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 26 Rest of Asia Pacific Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 27 Latin America Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 28 Latin America Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
TABLE 29 Brazil Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 30 Mexico Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 31 Rest of Latin America Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 32 Middle East and Africa Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 33 Middle East and Africa Salicylic Acid Market, by Country, 2017-2030 (US$ Bn)
TABLE 34 GCC Countries Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 35 South Africa Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)
TABLE 36 Rest of Middle East and Africa Salicylic Acid Market, by Application, 2017-2030 (US$ Bn)

Frequently Asked Questions

How does COVID-19 Impact the global salicylic acid market?

COVID-19 has had a substantial impact on the market due to the outbreak of the COVID-19 pandemic, which impacted the supply chain for salicylic acid.

Which is the leading region of the market for salicylic acid?

Europe accounted for the most heightened global salicylic acid market share.

What are the key drivers for the growth of the salicylic acid market?

Growing demand in the food and beverages industry and increasing applications in the cosmetic industry to drive the salicylic acid market.

Which is the major salicylic acid market segment by application?

The pharmaceutical segment had a major global market share in 2022.

Which is the fastest-growing segment in the salicylic acid market by application?

The skin care segment is expected to grow at the fastest rate in the global market.

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