Description :
Salicylic acid is a crystalline organic acid derived from plants such as salix and willow tree . Attributing to its keratolytic , anti-inflammatory , fungicidal , comedolytic , and antimicrobial properties , it is extensively used as an antiseptic , disinfectant , pain reliever , wart remover , and food preservative globally . Salicylic acid is an important compound in pharmaceuticals , healthcare , and cosmetics owing to its widespread application in the treatment of diseases such as dandruff , acne , psoriasis , and others . Acetylsalicylic acid , salicylic acid amine , methyl salicylate , sodium salicylate , and phenyl salicylate are the main products manufactured from salicylic acid . World salicylic acid market was $ 333 million in 2015 and is expected to reach $ 504 million by 2022 , growing at a CAGR of 6.3 % during 2016-2022 .
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Among these products , acetylsalicylic acid ( Aspirin ) is produced majorly , and this is done by esterification reaction between salicylic acid and acetic anhydride utilizing sulfuric acid as a catalyst . Aspirin is an anti-inflammatory drug widely used to cure pain , reduce inflammation , and lower fever . Salicylic acid is an important compound in skincare and haircare industry , owing to its applications in the treatment of dermatological and inflammatory diseases . Manufacturers of salicylic acid carefully comply with the regulations and norms drawn by the public authorities in Europe , Asia , and U . S . to safeguard human health and the environment .
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There are myriad growth drivers for the world salicylic acid market including increasing usage of salicylic acid in preserved food & beverages industry , rising demand for aspirin drug worldwide , and growing application scope in personal care products . Salicylic acid prevents spoilage and fermentation of packaged & frozen foods . It increases the shelf life of large number of food & beverages products such as beer , wine , sauces , and so on . Salicylic acid is harmful to skin and its overexposure may lead to skin irritation , breathing problems , and digestive disorders . Consumer awareness about these factors can moderately hinder the growth of this market . High adoption in medical cosmetics and increasing demand from emerging economies like Asia-Pacific offer various growth opportunities .
The world salicylic acid market is segmented on the basis of application and geography . Salicylic acid is applicable in various industries including pharmaceuticals , skin care , hair care , food & beverages , and others . Each application is further classified into sub-categories such as pharmaceuticals into PC and OTC ; skincare into moisturizer , sunscreen , and acne solution ; and haircare into conditioner and shampoo . Geographically , the market is segmented into North America , Europe , Asia-Pacific , and LAMEA .
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