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Published: Apr, 2014 | Pages:
82 | Publisher: Grand View Research
Industry: Food & Beverages | Report Format: Electronic (PDF)
The global salicylic acid market is expected to reach USD 547.5 million by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. In addition, the product is used as an ingredient during the preparation of aspirin. salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations. The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period. However, growing awareness regarding the harmful effects of excessive consumption of the compound has led the regulatory bodies such as the Food and Drug Administration (FDA) to enforce stringent regulations regarding the maximum permissible limit for salicylic acid in various products, thus limiting its growth over the next eight years. The global salicylic market is characterized by a small number of manufacturers. Some companies including Novacap, Simco, and Loveridge are forward integrated into their operations and are engaged in the production of phenol, which is an important raw material used for manufacturing of the product. Other companies procure phenol from manufacturers such as Shell and INEOS Phenol. Further key findings from the report suggest: The cosmetics application segment of salicylic acid is expected to grow at a CAGR of over 7.0% from 2016 to 2024. Increasing demand for cosmetic products across Europe, North America and Asia Pacific coupled with increasing self-prescription of these products for the treatment of mild skin disorders is expected to augment growth over the forecast period. Salicylic acid demand in food & preservative application was valued at over USD 90.0 million in 2015. The product is extensively used in manufacturing other salicylates including methyl and ethyl salicylates. Rising demand for food preservatives on account of growing demand for processing foods in emerging markets of China and India is expected to augment food preservatives market, which in turn is likely to augment growth over the forecast period. Asia Pacific is expected to witness the highest growth as compared to other regions, growing at over 9.0% from 2016 to 2024 Positive food and pharmaceutical industry outlook in China, India, Japan and South Korea is expected to augment demand over the projected period. In North America, the U.S. accounted for the consumption of more than 16,000 tons of salicylic acid in 2015 owing to shelf-life extension solutions in food and beverages applications. Furthermore, increasing use of preservatives by major food and beverage manufacturers including Cargill Foods, Tyson and Heinz located in the U.S. is expected to augment the demand over the forecast period. Key players in the industry include Alfa Aesar, Alta Laboratories, JM Loveridge Limited, Novocap, Siddharth Carbochem Products Ltd., Simco Chemicals, and Zhenjiang Gaopeng Pharmaceutical Co. Ltd.
Table of Contentss
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Salicylic Acid Market- Industry summary and key buying criteria, 2013 - 2024
Chapter 3. Salicylic Acid Industry Outlook
3.1. Salicylic Acid Market segmentation
3.2. Salicylic acid market size and growth prospects, 2013 - 2024
3.3. Salicylic Acid Market - Value chain analysis
3.3.1. Vendor landscape
3.4. Raw material outlook
3.5. Technology overview
3.6. Regulatory framework
3.7. Salicylic acid market dynamics
3.7.1. Market driver analysis
3.7.2. Market restraint analysis
3.8. Key market opportunities - Prioritized
3.9. Industry analysis - Porter's
3.10. Salicylic acid competitive scenario, 2015
3.11. Salicylic acid market PESTEL analysis, 2015
Chapter 4. Salicylic Acid Application Outlook
4.1. Salicylic acid market share by application, 2015 & 2024
4.2. Pharmaceutical
4.2.1. Market estimates and forecast, 2013 - 2024
4.2.2. Market estimates and forecast, by region, 2013 - 2024
4.3. Food & preservatives
4.3.1. Market estimates and forecast, 2013 - 2024
4.3.2. Market estimates and forecast, by region, 2013 - 2024
4.4. Cosmetics
4.4.1. Market estimates and forecast, 2013 - 2024
4.4.2. Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Salicylic Acid Regional Outlook
5.1. Salicylic acid market share by region, 2015 & 2024
5.2. North America
5.2.1. Market estimates and forecast, 2013 - 2024
5.2.2. Market estimates and forecast, by application, 2013 - 2024
5.2.3. U.S.
5.2.3.1. Market estimates and forecast, 2013 - 2024
5.2.3.2. Market estimates and forecast, by application, 2013 - 2024
5.2.4. Canada
5.2.4.1. Market estimates and forecast, 2013 - 2024
5.2.4.2. Market estimates and forecast, by application, 2013 - 2024
5.2.5. Mexico
5.2.5.1. Market estimates and forecast, 2013 - 2024
5.2.5.2. Market estimates and forecast, by application, 2013 - 2024
5.3. Europe
5.3.1. Market estimates and forecast, 2013 - 2024
5.3.2. Market estimates and forecast, by application, 2013 - 2024
5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2013 - 2024
5.3.3.2. Market estimates and forecast, by application, 2013 - 2024
5.3.4. UK
5.3.4.1. Market estimates and forecast, 2013 - 2024
5.3.4.2. Market estimates and forecast, by application, 2013 - 2024
5.3.5. France
5.3.5.1. Market estimates and forecast, 2013 - 2024
5.3.5.2. Market estimates and forecast, by application, 2013 - 2024
5.4. Asia Pacific
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by application, 2013 - 2024
5.4.3. China
5.4.3.1. Market estimates and forecast, 2013 - 2024
5.4.3.2. Market estimates and forecast, by application, 2013 - 2024
5.4.4. India
5.4.4.1. Market estimates and forecast, 2013 - 2024
5.4.4.2. Market estimates and forecast, by application, 2013 - 2024
5.4.5. Japan
5.4.5.1. Market estimates and forecast, 2013 - 2024
5.4.5.2. Market estimates and forecast, by application, 2013 - 2024
5.4.6. Australia
5.4.6.1. Market estimates and forecast, 2013 - 2024
5.4.6.2. Market estimates and forecast, by application, 2013 - 2024
5.5. Latin America
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by application, 2013 - 2024
5.5.3. Brazil
5.5.3.1. Market estimates and forecast, 2013 - 2024
5.5.3.2. Market estimates and forecast, by application, 2013 - 2024
5.6. Middle East and Africa
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Market estimates and forecast, by application, 2013 - 2024
5.6.3. South Africa
5.6.3.1. Market estimates and forecast, 2013 - 2024
5.6.3.2. Market estimates and forecast, by application, 2013 - 2024
5.6.4. Saudi Arabia
5.6.4.1. Market estimates and forecast, 2013 - 2024
5.6.4.2. Market estimates and forecast, by application, 2013 - 2024
Chapter 6. Competitive Landscape
6.1. Alfa Aesar
6.1.1. Company Overview
6.1.2. Financial Performance
6.1.3. Product Benchmarking
6.1.4. Strategic Initiatives
6.2. Alta Laboratories
6.2.1. Company Overview
6.2.2. Financial Performance
6.2.3. Product Benchmarking
6.2.4. Strategic Initiatives
6.3. JM Loveridge Limited
6.3.1. Company Overview
6.3.2. Financial Performance
6.3.3. Product Benchmarking
6.3.4. Strategic Initiatives
6.4. Novocap
6.4.1. Company Overview
6.4.2. Financial Performance
6.4.3. Product Benchmarking
6.4.4. Strategic Initiatives
6.5. Siddharth Carbochem Products Ltd
6.5.1. Company Overview
6.5.2. Financial Performance
6.5.3. Product Benchmarking
6.5.4. Strategic Initiatives
6.6. Simco Chemicals
6.6.1. Company Overview
6.6.2. Financial Performance
6.6.3. Product Benchmarking
6.6.4. Strategic Initiatives
6.7. Zhenjiang Gaopeng Pharmaceutical Co. Ltd
6.7.1. Company Overview
6.7.2. Financial Performance
6.7.3. Product Benchmarking
6.7.4. Strategic Initiatives
6.8. Hebei Jingye Group
6.8.1. Company Overview
6.8.2. Financial Performance
6.8.3. Product Benchmarking
6.8.4. Strategic Initiatives
6.9. Shadong Xinhua Longxin Chemical Co., Ltd
6.9.1. Company Overview
6.9.2. Financial Performance
6.9.3. Product Benchmarking
6.9.4. Strategic Initiatives
6.10. Sigma-Aldrich
6.10.1. Company Overview
6.10.2. Financial Performance
6.10.3. Product Benchmarking
6.10.4. Strategic Initiatives
6.11. Spectrum Chemicals & Laboratory Products
6.11.1. Company Overview
6.11.2. Financial Performance
6.11.3. Product Benchmarking
6.11.4. Strategic Initiatives
6.12. Avantor Performance Materials
6.12.1. Company Overview
6.12.2. Financial Performance
6.12.3. Product Benchmarking
6.12.4. Strategic Initiatives
6.13. Salicylates And Chemicals Pvt. Ltd.
6.13.1. Company Overview
6.13.2. Financial Performance
6.13.3. Product Benchmarking
6.13.4. Strategic Initiatives
6.14. AMRESCO LLC
6.14.1. Company Overview
6.14.2. Financial Performance
6.14.3. Product Benchmarking
6.14.4. Strategic Initiatives
6.15. Xian Plant Bio-Engineering Co., Ltd.
6.15.1. Company Overview
6.15.2. Financial Performance
6.15.3. Product Benchmarking
6.15.4. Strategic Initiatives
List of Tables 1. Salicylic Acid- Industry Summary and Key Buying Criteria, 2013 - 2024 2. Salicylic acid market estimates and forecast, 2013 - 2024 (Tons) 3. Salicylic acid market estimates and forecast, 2013 - 2024 (USD Million) 4. Salicylic acid market revenue, by region, 2013 - 2024 (Tons) 5. Salicylic acid market revenue, by region, 2013 - 2024 (USD Million) 6. Salicylic acid market revenue, by application, 2013 - 2024 (Tons) 7. Salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 8. Vendor landscape 9. Salicylic acid - Key market driver analysis 10. Salicylic acid - Key market restraint analysis 11. Salicylic acid competitive scenario, 2015 12. Salicylic acid market estimates and forecast in pharmaceuticals, 2013 - 2024 (Tons) (USD Million) 13. Salicylic acid market volume in pharmaceuticals, by region, 2013 - 2024 (Tons) 14. Salicylic acid market revenue in pharmaceuticals, by region, 2013 - 2024 (USD Million) 15. Salicylic acid market estimates and forecast in food & preservative, 2013 - 2024 (Tons) (USD Million) 16. Salicylic acid market volume in food & preservative, by region, 2013 - 2024 (Tons) 17. Salicylic acid market revenue in food & preservative, by region, 2013 - 2024 (USD Million) 18. Salicylic acid market estimates and forecast in cosmetics, 2013 - 2024 (Tons) (USD Million) 19. Salicylic acid market volume in cosmetics, by region, 2013 - 2024 (Tons) 20. Salicylic acid market revenue in cosmetics, by region, 2013 - 2024 (USD Million) 21. Salicylic acid market estimates and forecast in other applications, 2013 - 2024 (Tons) (USD Million) 22. Salicylic acid market volume in other applications, by region, 2013 - 2024 (Tons) 23. Salicylic acid market revenue in other applications, by region, 2013 - 2024 (USD Million) 24. North America salicylic Acid Market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 25. North America salicylic acid market volume, by application, 2013 - 2024 (Tons) 26. North America salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 27. U.S. salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 28. U.S. salicylic acid market volume, by application, 2013 - 2024 (Tons) 29. U.S. salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 30. Canada salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 31. Canada salicylic acid market volume, by application, 2013 - 2024 (Tons) 32. Canada salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 33. Mexico salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 34. Mexico salicylic acid market volume, by application, 2013 - 2024 (Tons) 35. Mexico salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 36. Europe salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 37. Europe salicylic acid market volume, by application, 2013 - 2024 (Tons) 38. Europe salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 39. Germany salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 40. Germany salicylic acid market volume, by application, 2013 - 2024 (Tons) 41. Germany salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 42. UK salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 43. UK salicylic acid market volume, by application, 2013 - 2024 (Tons) 44. UK salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 45. France salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 46. France salicylic acid market volume, by application, 2013 - 2024 (Tons) 47. France salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 48. Asia Pacific salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 49. Asia Pacific salicylic acid market volume, by application, 2013 - 2024 (Tons) 50. Asia Pacific salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 51. China salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 52. China salicylic acid market volume, by application, 2013 - 2024 (Tons) 53. China salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 54. India salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 55. India salicylic acid market volume, by application, 2013 - 2024 (Tons) 56. India salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 57. Japan salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 58. Japan salicylic acid market volume, by application, 2013 - 2024 (Tons) 59. Japan salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 60. Australia salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 61. Australia salicylic acid market volume, by application, 2013 - 2024 (Tons) 62. Australia salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 63. Latin America salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 64. Latin America salicylic acid market volume, by application, 2013 - 2024 (Tons) 65. Latin America salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 66. Brazil salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 67. Brazil salicylic acid market volume, by application, 2013 - 2024 (Tons) 68. Brazil salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 69. MEA salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 70. MEA salicylic acid market volume, by application, 2013 - 2024 (Tons) 71. MEA salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 72. Saudi Arabia salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 73. Saudi Arabia salicylic acid market volume, by application, 2013 - 2024 (Tons) 74. Saudi Arabia salicylic acid market revenue, by application, 2013 - 2024 (USD Million) 75. South Africa salicylic acid market estimates and forecast, 2013 - 2024 (Tons) (USD Million) 76. South Africa salicylic acid market volume, by application, 2013 - 2024 (Tons) 77. South Africa salicylic acid market revenue, by application, 2013 - 2024 (USD Million)
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