Premium Salicylic Acid Market Overview:
Premium Salicylic Acid Market expected to reach $69 million by 2022 from $43 million in 2015, growing at a CAGR of 6.1% from 2016 to 2022. Salicylic acid is obtained from white willow plant (Salix alba). It is a monohydroxybenzoic acid, which exhibits properties of phenolic and beta hydroxyl acid. Salicylic acid has kerolytic, therapeutic, antimicrobial, and anti-inflammatory properties, which make it ideal for various applications. Salicylic acid is available in form of cream, ointment, solution, or impregnated plaster for the treatment of common, senile, and genital warts. It eliminates the inflammatory process through inhibition of sebum and sweat production. It has a caustic effect at the area of application and helps in treating scaling dermatoses and localized hyperkeratosis, and hence used as a disinfectant due to its antiseptic & antifungal properties. Salicylic acid is used in treatment of ringworm infection due to its antifungal properties and also as oral cleaning agent, Anti-irritant to reduces inflammations such as tenderness, swelling, itching, pain, or redness of skin.
The report on world premium salicylic acid (>$30/KG) market exclusively focuses on different applications of salicylic acid, such as pharmaceuticals, skin care, hair care and food preservative & others. It analyses the current market trends of premium salicylic acid based products in different geographies and suggests the future growth opportunities by analysing government regulations & policies, thereby further increasing the consumer acceptance in that region.
According to the perspectives of expert interviews from leading companies in the market, growing demand from end users especially from developing countries, growing demand for aspirin drug, personal care products are the key driving factors of the world premium salicylic acid market. However, harmful effects of salicylic acid are likely to hinder the market growth. Asia-Pacific is projected to register significant growth as compared to the saturated markets of North America and Europe. The premium salicylic acid market in Latin America and Africa offer lucrative potential for investments.
Market Dynamics Impact Analysis, 2015 vs. 2022
Source: AMR Analysis
The increase in demand for dermatological treatment products such as acne solutions across the globe drives the market for premium salicylic acid. The usage of premium salicylic acid is increasing in dermatological applications to treat hyperkeratotic skin disorders attributing to the superior anti-inflammatory, antimicrobial and keratolytic properties. Salicylic acid effectively treats chronic plaque psoriasis, especially when it is being used as an adjunctive therapy. It is also used for treatment of diseases like ichthyoses, verruca and keratoderma as it possesses ability to soften the wound and exfoliate the stratum corneum. Growing acceptance of premium salicylic acid in skin care industry will boost the growth of this market during the forecast period.
Aspirin is an anti-inflammatory drug that is widely used as a painkiller and to treat fever, cold, and cough. Aspirin is one of the largest selling pharmaceutical drugs across the globe and its consumption is on the rise as it offers superior pain relieving action and also this drug is easily available in the market. This drug is increasingly being adopted to prevent and treat ailments such as dementia, strokes especially among the aging population, thereby driving the market for salicylic acid. In addition, salicylic acid offers many advantages in curing diseases such as acne, blemishes, and psoriasis among others. These factors have led to the increased application scope for salicylic acid in the pharmaceutical industry and this trend is expected to drive its market.
World Aspirin Import & Export data, 2011-2015, ($Thousand)
Source: Trade Data & AMR Analysis
The demand for premium salicylic acid is increasing in the cosmetics industry, as there is high demand for facial creams and acne reduction solutions in the market. Salicylic acid has the property of penetrating oily skin and therefore it is preferred as the best choice for oily skin and for treating skin problems such as breakouts, blackheads, whiteheads, acne, among others.
Salicylic acid-based medicated cosmetics are used for the treatment of various skin related disorders. The adoption of medical cosmetics is increasing due to rising harmful effects of cosmetics on human body. This has led to an increased demand for medicated moisturizers, body lotions, suntan & sunscreen creams, and other skin care products. Increasing cases of pimples, whiteheads, blackheads, warts, zits are expected to drive growth for salicylic acid-based cosmetics.
The premium salicylic acid market in Switzerland generated revenue of $2.51 million in 2015. It is estimated to reach $3.57 million by 2022, growing at a CAGR of 5.1% during the forecast period.
Switzerland: Premium Salicylic Acid Market, 2014-2022 ($MILLION)
Source: Primary Research, Government Publications, Company Releases, and AMR Analysis
Key Market Benefits
- The report provides an in-depth analysis of the world premium salicylic acid market and estimations from 2014 to 2022, including information about the current market situation, changing market dynamics, expected trends, and market intelligence.
- Factors that drive and impede the growth of the market are comprehensively analyzed in this study.
- Major countries in each region are mapped according to the individual market revenue.
- Micro-level analysis is conducted based on application and region.
- The projections in this report are made by analyzing the current trends and future market potential from 2016 to 2022 in terms of value and volume.
- Extensive analysis of the market is conducted by closely following key product positioning and monitoring the top contenders within the market framework
- Key market players within this market are profiled in the report and their strategies are analysed thoroughly, which helps in understanding competitive outlook of global market.
Premium Salicylic Acid Market Key Segments:
- Wart Remover
- Scale Lifter
- Skin Care
- Acne Solution
- Hair Care
- Food Preservatives & Others
- North America
- Rest of Europe
- Rest of Asia-Pacific
- South Africa
- Rest of LAMEA