The Global Salicylic Acid Market is projected to reach USD 731.4 Million by 2027. The market is fueled by the rising trend of usage of salicylic acid in food preservation, and extensive growth of the cosmetic & personal care industries, and proliferating usage of sunscreen & anti-acne products. Huge demand for the personal care industries specializing the skincare, hair care products, and a sudden enormous lift in the growth of the pharmaceutical products including disinfectant, wart removal, antiseptic end-use over-the-counter drugs, and medicines have substantially propelled the overall market growth and expected to add to the market share predominantly in the forthcoming years.

Market Dynamics:

The materials and chemicals industry is rapidly gaining traction over the forecast period and is expected to expand significantly in the coming years. Technological advancements and rising innovation are key factors boosting global market growth. The global Salicylic Acid market is projected to register robust revenue CAGR during the forecast period between 2021 and 2028. Increasing awareness about green energy and eco-friendly biodegradable products, environmental impact due to carbon emissions are few key factors supporting market growth. High demand for various chemicals and raw materials in various industrial sectors such as food and technology, pharmaceutical and biotechnology, manufacturing, paint and coating, paper, plastic among others. In addition, increasing research and development activities, growing demand for products like perfumes, soaps and detergents for daily usage along with rising disposable income across the globe are further boosting market growth.

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The COVID-19 impact:

The COVID-19 pandemic has created endless disruptions to the manufacturing or production industries due to a shortage of resources in different parts of the world. The leading players in the industry are skeptical about the market's future and try to redesign their strategies to support the challenge. The pandemic had a serious impact on the research & development as the companies are being refrained from investing in any newer aspect of research or product innovation for the time being. The manufacturing industries also have been disrupted due to reduced available human resources. The companies are incorporating different techniques to increase the production volume and trying to develop innovative solutions at an affordable price, which can meet customer requirements at a much lower cost and support the overall breakthrough required for sustainability in the increased personal care & pharmaceutical product penetration.

The report offers in depth insight about prominent players in the market, their market position, global and financial standing, license agreement, brand promotions and product portfolio. The global Salicylic Acid market is highly competitive and consist of various key players at global and regional levels. These players are adopting various strategies like joint ventures, collaborations, partnerships, and new product launches to strengthen their market position.

Leading companies operating in the market and profiled in the report include: Alta Laboratories, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Siddharth Carbochem Products Ltd., Novocap, Simco Chemicals, J.M. Loveridge Ltd., Alfa Aesar GmbH & Co KG., Shandong Xinhua Pharmaceutical Co. Ltd., Hebei Jingye Group, and Avnochem Limited, among others.

Salicylic Acid Market Segmentation:

Application Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Preservation
Anti-Inflammation
Antifungal
Moisturizing
Acne Solution & Sun-screening
Dentifrices
Antiseptic
Others
Grade Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Pharmaceutical
Industrial
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Online Retails
Offline Retails
End-Use Verticals Outlook (Revenue: USD Million; Volume: Kilo Tons; 2017-2027)

Pharmaceuticals
Food & Beverage
Personal Care
Chemicals
Others
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The Salicylic Acid market is segmented into five major regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

Regional Outlook:

North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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