Dublin, Dec. 10, 2018 (GLOBE NEWSWIRE) -- The "Salicylic Acid Market - Segmented by Application (Cosmetics, Food and Beverage, Pharmaceuticals, Others), and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Global salicylic acid market is expected at a CAGR of 5.5% during the forecast period 2018-2023. Europe holds the major share in the market.
The rising awareness of cosmetics products, changes in food consumption patterns, improved lifestyles and upgraded purchasing power among women, is in turn expected to drive the salicylic acid market.
The salicylic acid market is dominated by Europe, followed by North America, registering the highest CAGR during the forecast period.
Market Dynamics
The cosmetic industry hold the major share in the salicylic acid market. Salicylic acid is widely used in the treatment of many common dermatological conditions because of its keratoplastic properties.
Salicylic acid is used as a preservative in food. Food application of salicylic acid is expected to register a high CAGR in the forecast period.
The global salicylic acid market is highly competitive due to the presence of private and domestic manufacturers in the market. The market is predicted to witness an increased number or mergers and R&D during the forecast period.
Competitive Landscape
The global salicylic acid market is competitive with presence of many international and domestic players. Zhenjiang Gaopeng Pharmaceutical, Hebei Jingye Group and Simco QC, among others hold a dominant share in the Salicylic Acids market. Key players in the market form joint-ventures and partnerships with small and regional publishers to gain higher market shares.
Developments in the Market
- August 2018 - Nash Pharma has identified two potential compounds that statistically significantly improved multiple disease related endpoints in an ulcerative colitis model compared to untreated animals. Both candidates appeared as effective as the known approved front-line therapy, salicylic acid (5-ASA) in reducing disease severity.
Key Topics Covered
1. Introduction
1.1 Scope of the Market
1.2 Study Assumptions
1.3 Research Phases
1.4 Study Deliverables
2. Salicylic Acid Market Insights
2.1 Salicylic Acid Market Overview
2.2 Salicylic Acid Market Trends
2.3 Industry Attractiveness - Porter's Five Force Analysis
3. Salicylic Acid Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
4. Salicylic Acid Market Segmentation
4.1 By Application
4.1.1 Cosmetics
4.1.2 Food and Beverage
4.1.3 Pharmaceuticals
4.1.4 Others
5. Salicylic Acid Market - Regional Analysis
5.1 North America
5.2 Europe
5.3 Asia-Pacific
5.4 South America
5.5 MEA (Middle East and Africa)
6. Salicylic Acid Market - Competitive Landscape
6.1 Most Active Companies
6.2 Key Strategies Adopted
6.3 Market Share Analysis
7. Salicylic Acid Market - Company Profiles
7.1 Zhenjiang Gaopeng Pharmaceutical Co. Ltd.
7.2 Hebei Jingye Group
7.3 Shandong Xinhua Longxin Chemical Co. Ltd.
7.4 Simco QC
7.5 Siddharth Carbochem Products Ltd.
7.6 Novacap
7.7 J.M. Loveridge Ltd.
7.8 Alta Laboratories Ltd.
7.9 Alfa Aesar
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