Salicylic Acid Market Key Manufacturing Base and Forecast by 2014 - 2022
Industry Trend Analysis: The Salicylic Acid Market was valued around USD 0.28 Billion in 2014 and is expected to reach roughly USD 0.46 Billion by the end of 2022 while registering itself at a compound annual growth rate (CAGR) of 5.49% during the forecast period due to the growing demand of salicylic acid for production of cosmetic, hair care and skincare products on account of rising awareness among customers regarding benefits of it. Salicylic acid is widely used in the production of aspirin. Growing aspirin tablets consumption owing to better pain relieving together with easy accessibility of the medicines is anticipated to boost its demand. Though, growing concerns about the fallouts of aspirin are projected to hinder the growth of the market. Competitive Outlook and Trend Analysis: The major market players for the global salicylic acid market are; J.M. Loveridge Ltd., Alfa Aesar, Simco Chemicals, Alta Laboratories, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., S...