Specialty & Fine Chemicals Industry Salicylic Acid Market Analysis and Growth Prospect | Page 2

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Over-use of salicylic acid can harm the skin causing blistering, dryness, and irritation. Awareness regarding the
ill-effects of the product can nudge the consumer towards other natural alternatives like rosemary and tea tree
oil. This can impact market growth. The global salicylic acid market is divided into applications and regions.
Applications include food & preservatives, pharmaceuticals, and cosmetic industry. Use of salicylic acid based
drugs has led the pharmaceuticals segment to dominate the applications. Hughes syndrome, skin disorders
(acne, psoriasis, and blemishes), and cardiovascular diseases, this will augment the demand of the product till
2020.
Food and preservatives sector can exhibit a CAGR of around 7% till 2020. Using salicylic acid as preservatives
has improved shelf life of products like wine, sauces, and beer. This can contribute in catalyzing market growth.
Use of salicylic acid in cosmetic industry is also expected to witness growth. This segment can witness growth
due to the increase in the use of shampoos, conditioners, and skin and hair problems.
Regions involve North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). In
2012, Europe accounted for over 32% of market share, due to the growing use of hair and skin care products
and the health & hygiene awareness.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/food-
additives-and-nutricosmetics-industry
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