The Salicylic Acid Market Is Divided Into Two Parts: Application And Geography

 

Salicylic Acid

Salicylic acid is a lipophilic monohydroxybenzoic acid that also functions as a phenolic acid and a beta hydroxy acid. It is an odourless and colourless crystalline organic acid in terms of physical properties. In the pharmaceutical and personal care industries, salicylic acid is used as an intermediate. The revenue reported by salicylic acid and its applications is included in the global market estimation. Because of its anti-inflammatory properties, salicylic acid is widely used in the pharmaceutical, cosmetics, and personal care industries. As a result, the global salicylic acid market is expected to grow at a healthy rate during the forecast period. Furthermore, salicylic acid is a key ingredient in the production of aspirin. Aspirin is one of the most widely used pharmaceutical drugs in the world, and its use is increasing because it has superior pain-relieving properties and is widely available.

 

The evolution of the COVID-19 pandemic has had a dual impact on salicylic acid market trends. Initially, demand for salicylic acid fell significantly during the first half of 2020, as the vast majority of consumers focused on stocking up on essential household items, resulting in lower sales of cosmetics and personal care products. Furthermore, government restrictions imposed to halt the spread of the coronavirus caused numerous supply chain and logistics disruptions, resulting in raw material shortages and production delays. The salicylic acid market is expected to grow significantly due to increased use of the product in the pharmaceutical industry for treating various skin disorders such as psoriasis, acne, and blemishes. Furthermore, the product is used as an ingredient in the production of aspirin. Because salicylic acid is an anti-inflammatory agent, it is commonly used as an ingredient in aspirin preparations.

 

The Salicylic Acid Market is divided into two parts: application and geography. The market is divided into three applications: food and beverage, cosmetics and personal care, and pharmaceuticals. The study analyses the salicylic acid market in emerging and established markets around the world, including North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The cosmetic industry accounts for a sizable portion of the salicylic acid market. Because of its keratoplastic properties, salicylic acid is widely used in the treatment of many common dermatological conditions. Furthermore, the global demand for dermatological treatment products such as acne solutions drives the premium salicylic acid market. Because of its superior anti-inflammatory, antimicrobial, and keratolytic properties, premium salicylic acid is increasingly used in dermatological applications to treat hyperkeratotic skin disorders.

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