Salicylic Acid Market was valued at USD 302.2 million in 2021 and is expected to grow at a CAGR of 8% between 2022 and 2028. Salicylic acid is a type of beta hydroxy acid (bha) and phenolic acid with the formula C7H6O3. It is BHA, which is found as a natural compound in plants. It functions as a phytohormone. This lipophilic monohydroxy benzoic acid is a derivative of salicin metabolism. It is a crystalline organic carboxylic acid with keratolytic, bacteriostatic and bactericidal properties. The adoption of salicylic acid has increased in various industries, including food and preservatives, pharmaceuticals, cosmetics, etc. Various exhibitions and fairs are also salicylic acid manufacturing companies, expanding their customer base and greatly contributing to the growth of the salicylic acid market.
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Top Major Key Players Industries
Zhenjiang Gaopeng Pharmaceutical CO,.Ltd
Hebei Jingye Group
Shandong Xinhua Longxin Chemical Co. Ltd
Merck KGaA
Thermo Fisher Scientific
By Application
Food and Beverage
Cosmetics and Personal Care
Pharmaceuticals
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Scope of the Report
The research study analyzes the global Salicylic Acid industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Salicylic Acid Report
- What was the Salicylic Acid size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Salicylic Acid during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Salicylic Acid was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Salicylic Acid market.
• The market share of the global Salicylic Acid market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Salicylic Acid market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Salicylic Acid market.
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