Specialty & Fine Chemicals Industry Salicylic Acid Market Analysis and Growth Prospect

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Salicylic Acid Market Share, Size, Analysis, Growth, Trends and
Forecasts to 2020 | Hexa Research
" Increasing demand from pharmaceuticals has been the key
factor driving salicylic acid market over the recent past and
the trend is expected to continue over the forecast period."
The worldwide Salicylic Acid Market was valued at around USD 200 million in 2012. It is expected to grow at a
CAGR exceeding 7% and reach close to USD 500 million by 2020. Salicylic acid is extracted from the winter
green plans and willow black leaves.
Salicylic acid is antiseptic and anti-inflammatory qualities. It is used in the manufacturing of aspirin, skin & hair
care products, and cosmetics industry.
Adoption of aspirin for the prevention and treatment of dementia and strokes in the geriatric population can
drive market. This is likely to impel the market in the next eight years.
Commercially, this salicylic acid is manufactured using chemical synthesis of phenol. Expansion of oil & gas
industry is anticipated to increase the availability of phenol, this can the drive industry over the coming years.
Browse Details of Report @ https://www.hexaresearch.com/research-report/salicylic-acid-industry
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