Premium Salicylic Acid Market - Global Forecast 2020 To 2025

Premium Salicylic Acid Market size is forecast to reach $73.76 million by 2025, after growing at a CAGR of 5.95% during 2020-2025. The treatments of various skin-related disorders are focused on salicylic acid medicated cosmetics. Medical cosmetics are becoming more and more popular as cosmetics have a rise in adverse effects on the human body. The demand for medications, body lotions, sun and sunscreen creams and other skin care products has been growing. The growth of salicylic acid-base cosmetics is expected to be driven by increased pimples, white heads, blackheads, warts, and zits. Further, increases the overall demand over forecast period.

 

The “Premium Salicylic Acid Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Premium Salicylic Acid Industry. 

 

By Application: Pharmaceutical, Skin Care, Haircare, Food Preservative and Others.

By Geography: North America, South America, Europe, APAC and RoW

 

• In the cosmetic industry the market for premium Salicylic Acid is on the rise as the market for facial creams and solutions to minimize acne is strong. Salicylic acid has a penetration potential in oily skin and is therefore the best choice for the treatment of oily skin and issues like breakouts, blackheads, whiteheads and acne.
• Salicylic acid is also used to manufacture cosmetics as it contributes to the miniaturization and degradation of the skin layer material.
• A rise in the incidence of chronic acne vulgaris by sedentary lifestyles in adults and teenagers and the intake of fast foods will accelerate demand for salicylic acid.
• They are used primarily in the manufacture, particularly in the elderly population, of aspirin, a drug commonly used as an anti-inflammatory drug and to treat conditions such as dementia. Premium salicylic acid is used to manufacture some quality skin care products and hair care products due to its keratolytic, comedolytic and anti-inflammatory properties.
• Salicylic acid (from Latin Salix, willow tree) is a lipophilic monohydroxybenzoic acid, a type of phenolic acid, and a beta hydroxyl acid (BHA). This colorless crystalline organic acid is widely used in organic synthesis and functions as a plant hormone. Salicylic acid is administered in the form of aspirin which is less irritating to the stomach than salicylic acid.

 

Skin Care Industry has been the primary market for Premium Salicylic Acid for many years at a CAGR of 4.26%. The cosmetics industry plays a significant role in the consumption of salicylic acid. Salicylic acid, due to its keratoplastic properties, is commonly used in treating many specific dermatological conditions. In addition, increasing demand for dermatology products, for example for acne solutions, is driving the premium salicylic acid market around the world. In dermatological applications, premium salicylic acid is more and more used to treat hyperkeratotic disorder of the skin, as a consequence of superior anti-inflammatory, antimicrobial and keratolytic properties. Salicylic acid treats chronic psoriasis effectively, especially when it is used as an appendix. This is also used to treat infections, such as ichthyoses, verruca and keratoderma, as it can relieve the wound and exfoliate the cornea of the stratum. In the forecast era, increased acceptance of salicylic acid in the skincare industry boosts market growth.

 

APAC dominated the Premium Salicylic Acid Market share with more than 45.23%, followed by North America and Europe. Because of high demand, developing countries such as China and Japan are growing. The manufacturers pay close attention to this potential market and invest heavily to bring up-to-date technologies to meet the increasing demand in the market. China has high power to control the world's price of ingredients, due to the robust production and the largest export of salicylic acid in the region.

 

• Increasing demand in dermatological applications

The rising demand for dermatological treatments such as acne remedies worldwide is driving the premium market in salicylic acid. In dermatologic applications, the use of high-quality salicylic acid is increased in the treatment of hyperkeratotic skin conditions due to superior anti-inflammatory, antibiotic and keratolytic properties. Salicylic acid treats chronic psoriasis effectively, especially when it is used as an appendix. It is also used for treating diseases such as keratoderma, ichthyoses and verruca as the wound is blocked and the stratum Cornea exfoliated. Growing acceptance by the skin-care industry of premium salicylic acid would fuel market growth over a projected era.

 

• Increasing demand in pharmaceutical Industry 

Aspirin is a drug used for the prevention and treatment of fever, cold and cough, and is widely used as painkiller. Aspirin is one of the biggest drug sales worldwide and its use is growing, as it provides superior pain relief and is also readily available on the market. This medicine is being used more and more to prevent and treat illnesses like dementia, especially strokes between the older populations and thus drive the demand for salicylic acid. Furthermore, salicylic acid provides various advantages for treating disorders, including acne, defects and psoriasis. Such factors have resulted in a rise in salicylic acid applications in the pharmaceutical industry and this trend will drive the market.

 

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Premium Salicylic Acid Market. In 2019, the market of Premium Salicylic Acid has been consolidated by the top five players accounting for xx% of the share. Major players in the Premium Salicylic Acid Market are Alta Laboratories, Novacap, Zhenjiang Gaopeng, J.M. Loveridge, Siddharth Carbochem, Rishabh Metals and Chemicals, Samrat Remedies, Hebei Jingye Group, Shandong Xinhua Longxin Chemical, Simco QC, Siddharth Carbochem Products, Novacap, Loveridge, Shandong Binzhou Zhiyuan Biological Technology, among others.