Global Salicylic Acid Market By Application (Pharmaceuticals, Food & Preservative, Cosmetics) Expected to Reach USD 426.8 Million by 2020 : Grand View Research, Inc

Market Size - $239.5 mn in 2013, Market Growth - CAGR of 8.6%, Market Trends – Growing food and preservative uses of salicylic acid. View Complete Report - http://www.grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInShare on PinterestEmail a friend

Grand View Research

Increasing acceptance of salicylic acid as a food preservative expected to present significant opportunities to market participants

San Francisco, California (PRWEB) April 23, 2014

The global market for salicylic acid is expected to reach USD 426.8 million by 2020, according to a new study by Grand View Research, Inc. Increasing use of salicylic acid in cosmetics coupled with the growing haircare and skincare market is expected to be a major driver over the next six years. In addition, growing acceptance of salicylic acid as a flavor and preservative is further expected to boost the growth of this market over the forecast period. Salicylic acid is a key ingredient in the manufacturing of acetyl salicylic acid or aspirin and the aspirin demand could witness substantial growth over the next five years especially in countries of Asia Pacific.

Pharmaceutical and food and preservative were the largest application segments for salicylic acid in 2013, together accounting for over 70% of global consumption. Food and preservative was a key segment for the market and is expected to grow at a CAGR of 6.8% from 2014 to 2020. The other key applications of salicylic acid include cosmetics products and other derivatives such as methyl salicylate, choline salicylate and magnesium salicylate which are all used in industrial applications.

The report “Salicylic Acid Market Analysis By Application (Pharmaceuticals, Food & Preservative, Cosmetics) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis

Inquiry Before Buying @ http://www.grandviewresearch.com/inquiry/342

Further key findings from the study suggest:

  • Europe was the largest consumer of salicylic acid owing to the predominant pharmaceutical and cosmetics industry in this region, with an estimated salicylic acid demand of over 42 kilo tons by 2020.
  • The other large regional markets for the salicylic acid include North America and Asia Pacific with the latter expected to be the fastest growing regional consumer, at an estimated CAGR of over 7.6% from 2014 to 2020. China was the largest producer of salicylic acid in 2013 owing to the large downstream application manufacturers in the region.
  • The salicylic acid market was fairly concentrated with the top five companies accounting for over 75% of the production in 2013. Novocyl was the largest manufacture of salicylic acid and had a reported capacity of 32 kilo tons in 2013. The other key players in the market include Hebei Jingye Group, Zhenjiang Gaopeng Pharmaceutical Co. Ltd and Shandong Xinhua Longxin Chemical Co., Ltd.

Request Sample of This Report @ http://www.grandviewresearch.com/request/342

For the purpose of this study, Grand View Research has segmented the global Salicylic Acid market on the basis of application, product and region:

  •      Salicylic Acid Applications Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
            • Pharmaceuticals
            • Food and Preservative
            • Cosmetics
            • Others (derivatives, industrial)
  • Salicylic Acid Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
            • North America
            • Europe
            • Asia Pacific
            • (RoW)

Browse All Food Additives & Nutricosmetics Market Reports @ http://www.grandviewresearch.com/industry/food-additives-nutricosmetics-flavors-and-fragrances

Latest Reports Published By Grand View Research:

Fluorochemical Market Analysis And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/fluorochemical-market) global fluorochemicals market is expected to reach USD 24.99 billion by 2020, according to a new study by Grand View Research Inc. Positive demand outlook from key application markets such as refrigeration, HVAC, aluminum , steel and electronic consumables is expected to drive fluorochemical sales over the next six years. The gradual recovery of automotive industry, especially in Asia and increasing application scope for PTFE in chemical processing, construction, electronics, automotive, cookware and medical is also expected to drive fluorochemical demand over the forecast period.

Gelatin Market Analysis By Raw Material (Pig Skin, Bovine Hides, Bones), By Application (Food & Beverage, Nutraceuticals, Pharmaceuticals, Photography, Cosmetics) And Segment Forecasts To 2020 (http://www.grandviewresearch.com/industry-analysis/gelatin-market-analysis) global market for gelatin is expected to reach USD 3.18 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumption in applications such as food and beverage, nutraceuticals and pharmaceuticals is expected to be critical for market development over the next six years. In addition, improved demand in novel applications such as photography and cosmetics is also expected to boost sales over the forecast period.

About Grand View Research

Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com .

Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058