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Salicylic Acid Market by Pharmaceuticals Application (Wart Remover, Disinfectant, Antifungal, Dentifrices, Antiseptic, Anti-irritant, Scale Lifter and Ointment), Skincare (Moisturizer, Sunscreen, Acne Solution), Haircare (Shampoo, Conditioner) and Food Preservative & Others - Global Opportunity Analysis and Industry Forecast, 2014-2022

MA_16409
Pages: 124
Oct 2016 | 3146 Views
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Author's : Biswa Sinha
Tables: 60
Charts: 39
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Salicylic Acid Market Overview:

Salicylic acid market was valued at $333 million in 2015 and is expected to reach $504 million by 2022, supported by a CAGR of 6.3% during the forecast period 2014 - 2022. Salicylic acid is a monohydroxybenzoic acid derived from plants such as willow tree and salix. It is extensively used as a wart remover, antiseptic, pain reliever, disinfectant and food preservative around the globe owing to its anti-inflammatory, comedolytic, fungicidal, anti-microbial and keratolytic properties.

Salicylic acid is a significant compound in various industrial sectors including pharmaceuticals, cosmetics and healthcare owing to its expanding applications in treatment of diseases such as psoriasis, acne, dandruff and others. Main products produced using salicylic acid in pharmaceutical sector include acetylsalicylic acid, methyl salicylate, salicylic acid amine, phenyl salicylate and sodium salicylate.

Aspirin (acetylsalicylic acid) is the most important product manufactured using salicylic acid. The manufacturing process of aspirin involves esterification of acetic anhydride and salicylic acid in presence of sulfuric acid which works as a catalyst. Aspirin is a synthetic drug extensively used to relieve pain, inflammation and reduce fever. Salicylic acid plays a significant role in haircare and skincare industry as it is widely used in treatment of inflammatory and dermatological diseases. Salicylic acid manufacturers comply carefully with the regulatory norms set by the public authorities in U.S., Asia and Europe to safeguard human health. 
 

Patent Analysis

Patents are valuable assets for companies and are registered to protect the newly launched technologies and products. The total number of salicylic acid-related patents registered in the time period of 2010‐2016 were 210. The highest number of patents related to salicylic acid registered in 2015 were 44, followed by 42 patents in 2014. The frequency of registration of patents accelerated rapidly by more than 95% after 2013 due to an increase in the R&D activities by the companies to introduce new products in the market with different salicylic acid compositions and uses. 

The patents registered majorly includes salicylic acid gel, salicylic acid derivatives, improved products, petroleum products, and different formulation compositions. The salicylic gel production comprises at least 30% wt concentration of salicylic acid with other nitrogen compounds. These gels are used in diluted forms during the production of creams, lotion, shampoos, toners, ointments, and other solutions. The patents were registered related to different formulations of salicylic acid to form compounds used for effecting smoking cessation. The increased demand for salicylic acid from different end users has resulted in the growth of the salicylic acid market across the globe. 

SALICYLIC ACID PATENT REGISTRATIONS BY YEAR, 2010‐2016

Salicylic Acid Patent Registrations by Year

Growing usage of salicylic acid in preserved food & beverage industry, surging demand for aspirin drug across the globe and increasing application scope in personal care products are the major factors driving the global salicylic acid market. Salicylic acid is employed in food & beverage industry as it prevents fermentation and spoilage of frozen & packaged foods. In addition, it increases shelf life of variety of products in food & beverages sector including wine, sauces, beer and others. Overexposure to salicylic acid is harmful to skin as it causes skin irritation, digestive disorders and breathing problems. Growing consumer awareness about these harmful effects can restrict the growth of this market moderately. Increasing acceptance of salicylic acid in medical cosmetics and surging demand from developing economies like Asia-Pacific offer a great potential for growth and development of salicylic acid market. 

The global salicylic acid market is divided on the basis of application and geography. Salicylic acid is employed in diversified industries including pharmaceuticals, skin care, hair care, food & beverages, and others. Each application is further segmented into sub-categories such as pharmaceuticals is divided into PC and OTC; skincare is segmented into moisturizer, sunscreen, and acne solution; and haircare is classified into conditioner and shampoo. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.

SALICYLIC ACID MARKET, BY APPLICATION, 2015 

Salicylic Acid Market by Application 2015

 

Top Investment Pockets

Skin care is the most attractive industrial sector in the global salicylic acid market and is expected to be the first preference for new entrants due to increasing use of salicylic acid personal care products and in treatment of dermatological diseases. Salicylic acid is employed in production of various moisturizers, sunscreen and acne solutions which are employed in routine use. Consumer awareness regarding the benefits of salicylic acid in such products has increased in recent years, which has influenced the demand for salicylic acid. Sunscreen segment in skincare grade salicylic acid market was valued at $8 million in 2015 and is expected to grow at a CAGR of 9.2% from 2016 to 2022.

SALICYLIC ACID MARKET ‐ TOP INVESTMENT POCKETS, BY APPLICATION

Salicylic Acid Market Top Investment Pockets by Application

 

The market, with its surging demand in end applications, has witnessed high growth during the past few years, and this growth trend is estimated to continue in the future too. Key players are investing in R&D activities such as use of aspirin in treatment of cardiovascular diseases and development of increased applications for the products formed. Major players in the market are Zhenjiang Gaopeng Pharmaceutical Co., Ltd. (China), Hebei Jingye Group (China), Shandong Xinhua Longxin Chemical Co. Ltd. (China), Simco QC (Canada), Siddharth Carbochem Products Ltd. (India), Novacap (France), J.M. Loveridge Ltd. (UK), Alta Laboratories Ltd. (India), and Alfa Aesar (UK). 

Salicylic Acid Market Size, Industry Report 2014-2022      

SALICYLIC ACID MARKET KEY BENEFITS

  • The report provides an in-depth analysis of the 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.
  • Porter’s Five Forces model and SWOT analysis illustrate the potency of buyers and sellers.
  • The report contains a comprehensive study of the key strategies adopted by companies to gain competitive advantage in the market.
  • Micro-level analysis is conducted based on application and region.

SALICYLIC ACID MARKET KEY SEGMENTS

By Application 

  • Pharmaceuticals
    • PC
      • Wart Remover
      • Disinfectant
      • Antifungal
      • Dentifrices
      • Antiseptic
      • Anti-irritant
    • OTC
      • Scale Lifter
      • Ointment
  • Skin Care
    • Moisturizer
    • Sunscreen 
    • Acne Solution
  • Hair Care 
    • Conditioner
    • Shampoo
  • Food Preservatives & Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • UK
    • Italy
    • Ireland
    • Switzerland
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Rest of LAMEA
 

Chapter: 1 INTRODUCTION

1.1 Report description
1.2 Key market benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter: 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter: 3 MARKET OVERVIEW

3.1 Market Definition and Scope
3.2 Key findings

3.2.1 Top investment pockets

3.3 Porters five forces analysis

3.3.1 Bargaining power of the supplier
3.3.2 Bargaining power of the buyer
3.3.3 Threat of substitute
3.3.4 Threat of new entrant
3.3.5 Competitive rivalry

3.4 Patent analysis

3.4.1 Patent analysis by region
3.4.2 Patent analysis by company

3.5 Market dynamics

3.5.1 Drivers

3.5.1.1 Increasing usage in preserved food & beverage industry
3.5.1.2 Growing demand for aspirin drug
3.5.1.3 Growing application scope in personal care products

3.5.2 Restraints

3.5.2.1 Consumer awareness about the harmful effects

3.5.3 Opportunities

3.5.3.1 High adoption in medical cosmetics
3.5.3.2 Increasing demand from emerging economies

Chapter: 4 WORLD SALICYCYLIC ACID MARKET, BY APPLICATION

4.1 Introduction

4.1.1 Market size and forecast

4.2 Pharmaceuticals

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.2.4 PC

4.2.4.1 Market size and forecast
4.2.4.2 Wart remover
4.2.4.3 Disinfectant
4.2.4.4 Antifungal
4.2.4.5 Dentifrices
4.2.4.6 Anti-irritant
4.2.4.7 Antiseptic

4.2.5 Over-the-counter (OTC)

4.2.5.1 Market size and forecast
4.2.5.2 Scale lifter
4.2.5.3 Ointment

4.3 Skin care

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast
4.3.4 Moisturizer
4.3.5 Sunscreen
4.3.6 Acne solution

4.4 Haircare

4.4.1 Key market trends
4.4.2 Key growth factors and opportunities
4.4.3 Market size and forecast
4.4.4 Shampoo
4.4.5 Conditioner

4.5 Food preservatives & others

4.5.1 Key market trends
4.5.2 Key growth factors and opportunities
4.5.3 Market size and forecast

Chapter: 5 WORLD SALICYLIC ACID MARKET, BY GEOGRAPHY

5.1 Introduction

5.1.1 Market size and forecast

5.2 North America

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.2.4 U.S.
5.2.5 Canada
5.2.6 Mexico

5.3 Europe

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.3.4 Germany
5.3.5 France
5.3.6 Spain
5.3.7 UK
5.3.8 Italy
5.3.9 Ireland
5.3.10 Switzerland
5.3.11 Rest of Europe

5.4 Asia-Pacific

5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast
5.4.4 China
5.4.5 Japan
5.4.6 India
5.4.7 Rest of Asia-Pacific

5.5 LAMEA

5.5.1 Key market trends
5.5.2 Key growth factors and opportunities
5.5.3 Market size and forecast
5.5.4 Brazil
5.5.5 South Africa
5.5.6 Rest of LAMEA

Chapter: 6 COMPANY PROFILES

6.1 Siddharth Carbochem Products Ltd.

6.1.1 Company overview
6.1.2 Operating business segments
6.1.3 SWOT analysis

6.2 Novacap

6.2.1 Company overview
6.2.2 Operating business segments
6.2.3 Business performance
6.2.4 Strategic moves & developments
6.2.5 SWOT analysis

6.3 Alta laboratories Ltd.

6.3.1 Company overview
6.3.2 Operating business segments
6.3.3 SWOT analysis

6.4 Alfa Aesar GMBH & Co KG

6.4.1 Company overview
6.4.2 Operating business segments
6.4.3 Strategic moves & developments
6.4.4 SWOT analysis

6.5 Simco QC

6.5.1 Company overview
6.5.2 Operating business segments
6.5.3 SWOT analysis

6.6 J. M. Loveridge Ltd.

6.6.1 Company overview
6.6.2 Operating business segments
6.6.3 SWOT analysis

6.7 Zhenjiang Gaopeng Pharmaceutical Co., Ltd.

6.7.1 Company overview
6.7.2 Operating business segments
6.7.3 Business performance
6.7.4 SWOT analysis

6.8 Hebei Jingye Group

6.8.1 Company overview
6.8.2 Operating business segments
6.8.3 Business performance
6.8.4 SWOT analysis

6.9 Shandong Xinhua Longxin Chemical Co. Ltd.

6.9.1 Company overview
6.9.2 Operating business segments
6.9.3 Business performance
6.9.4 SWOT analysis

List of Figures

FIG. 1 WORLD SALICYLIC ACID MARKET, BY APPLICATION, 2015 (%)
FIG. 2 WORLD SALICYLIC ACID MARKET TOP INVESTMENT POCKETS
FIG. 3 PORTERS FIVE FORCES ANALYSIS WORLD SALICYLIC ACID MARKET
FIG. 4 PATENT ANALYSIS BY YEAR, 20102016
FIG. 5 PATENT ANALYSIS BY REGION, 20102016 (%)
FIG. 6 PATENT ANALYSIS BY TOP COMPANIES, 20102016 (%)
FIG. 7 MARKET DYNAMICS IMPACT ANALYSIS, 2015 VS. 2022
FIG. 8 WORLD ASPIRIN IMPORT & EXPORT DATA, 20112015, ($THOUSAND)
FIG. 9 TOP SKIN CARE PRODUCT EXPORTING COUNTRIES, 2014 VS. 2015, (THOUSAND TONS)
FIG. 10 TOP HAIRCARE PRODUCTS EXPORTING COUNTRIES, 2014 VS. 2015, (THOUSAND TONS)
FIG. 11 U.S.: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 12 CANADA: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 13 MEXICO: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 14 GERMANY: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 15 FRANCE: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 16 SPAIN: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 17 UK: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 18 ITALY: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 19 IRELAND: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 20 SWITZERLAND: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 21 REST OF EUROPE: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 22 CHINA: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 23 JAPAN: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 24 INDIA: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 25 REST OF ASIA-PACIFIC: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 26 BRAZIL: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 27 SOUTH AFRICA: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 28 REST OF LAMEA: SALICYLIC ACID MARKET, 20142022 ($MILLION)
FIG. 29 SCPL SWOT ANALYSIS
FIG. 30 NOVACAP: REVENUE, BY BUSINESS SEGMENT, 2014(%)
FIG. 31 NOVACAP: REVENUE, BY GEOGRAPHY, 2014 (%)
FIG. 32 NOVACAP SWOT ANALYSIS
FIG. 33 ALTA LABORATORIES - SWOT ANALYSIS
FIG. 34 ALFA AESAR - SWOT ANALYSIS
FIG. 35 SIMCO - SWOT ANALYSIS
FIG. 36 J.M. LOVERIDGE - SWOT ANALYSIS
FIG. 37 ZHENJIANG GAOPENG - SWOT ANALYSIS
FIG. 38 HEIBI JINGYE - SWOT ANALYSIS
FIG. 39 SHANDONG XINHUA LONGXIN - SWOT ANALYSIS

List of Tables

TABLE 1 WORLD SALICYLIC ACID PATENTS, 2010-2016*
TABLE 2 WORLD SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 (T)
TABLE 3 WORLD SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 4 WORLD SALICYLIC ACID IN PHARMACEUTICALS MARKET, BY GEOGRAPHY, 2014-2022 (T)
TABLE 5 WORLD SALICYLIC ACID IN PHARMACEUTICALS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 6 WORLD PHARMACEUTICAL GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 7 WORLD PC PHARMACEUTICAL GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 8 WORLD OTC PHARMACEUTICAL GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 9 WORLD SALICYLIC ACID IN SKIN CARE MARKET, BY GEOGRAPHY, 2014-2022 (T)
TABLE 10 WORLD SALICYLIC ACID IN SKIN CARE MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 11 WORLD SKIN CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 12 WORLD SALICYLIC ACID IN HAIR CARE MARKET, BY GEOGRAPHY, 2014-2022 (T)
TABLE 13 WORLD SALICYLIC ACID IN HAIR CARE MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 14 WORLD HAIR CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 15 WORLD SALICYLIC ACID IN FOOD PRESERVATIVE & OTHERS MARKET, BY GEOGRAPHY, 2014-2022 (T)
TABLE 16 WORLD SALICYLIC ACID IN FOOD PRESERVATIVE & OTHERS MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 17 WORLD SALICYLIC ACID MARKET, BY GEOGRAPHY, 2014-2022 (T)
TABLE 18 WORLD SALICYLIC ACID MARKET, BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 19 NORTH AMERICA SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 (T)
TABLE 20 NORTH AMERICA SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 21 NORTH AMERICA PHARMACEUTICAL GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 22 NORTH AMERICA SKIN CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 23 NORTH AMERICA HAIR CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 24 NORTH AMERICA SALICYLIC ACID MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 25 EUROPE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 (T)
TABLE 26 EUROPE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 27 EUROPE PHARMACEUTICAL GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 28 EUROPE SKIN CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 29 EUROPE HAIR CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 30 EUROPE SALICYLIC ACID MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 31 ASIA-PACIFIC SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 (T)
TABLE 32 ASIA-PACIFIC SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 33 ASIA-PACIFIC PHARMACEUTICAL GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 34 ASIA-PACIFIC SKIN CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 35 ASIA-PACIFIC HAIR CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 36 ASIA-PACIFIC SALICYLIC ACID MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 37 LAMEA SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 (T)
TABLE 38 LAMEA SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 39 LAMEA PHARMACEUTICAL GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 40 LAMEA SKIN CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 41 LAMEA HAIR CARE GRADE SALICYLIC ACID MARKET, BY APPLICATION, 2014-2022 ($MILLION)
TABLE 42 LAMEA SALICYLIC ACID MARKET, BY COUNTRY, 2014-2022 ($MILLION)
TABLE 43 SCPL COMPANY SNAPSHOT
TABLE 44 SCPL - OPERATING BUSINESS SEGMENTS
TABLE 45 NOVACAP - COMPANY SNAPSHOT
TABLE 46 NOVACAP OPERATING BUSINESS SEGMENTS
TABLE 47 ALTA LABORATORIES LTD. - COMPANY SNAPSHOT
TABLE 48 ALTA LABORATORIES LTD. - OPERATING SEGMENTS
TABLE 49 ALFA AESAR - COMPANY SNAPSHOT
TABLE 50 ALFA AESAR - OPERATING SEGMENTS
TABLE 51 SIMCO QC - COMPANY SNAPSHOT
TABLE 52 SIMCO - OPERATING SEGMENTS
TABLE 53 J.M. LOVERIDGE - COMPANY SNAPSHOT
TABLE 54 J.M. LOVERIDGE - OPERATING SEGMENTS
TABLE 55 ZHENJIANG GAOPENG PHARMACEUTICAL - COMPANY SNAPSHOT
TABLE 56 ZHENJIANG GAOPENG - OPERATING SEGMENTS
TABLE 57 HEBEI JINGYE - COMPANY SNAPSHOT
TABLE 58 HEBEI JINGYE - OPERATING SEGMENTS
TABLE 59 SHANDONG XINHUA LONGXIN - COMPANY SNAPSHOT
TABLE 60 SHANDONG XINHUA LONGXIN - OPERATING SEGMENTS

 
 

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