Salicylic Acid Market – Size, Industry Trend and Forecast 2022

January 4, 2018 | Author: | Posted in Business

https://www.crystalmarketresearch.com/report/salicylic-acid-market

The Global Salicylic Acid Market was worth USD 0.28 billion in the year of 2014 and is anticipated to reach approximately USD 0.46 billion by 2022 while registering itself at a compound annual growth rate (CAGR) of 5.49% over the forecast period. Salicylic acid is a lipophilic monohydroxybenzoic acid, which is a kind of phenolic acid and beta hydroxy acid (BHA). It has the chemical formula as C7H6O3.

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Report Overview:

This crystalline white natural acid is extensively utilized in organic functions and synthesis as a plant endocrine. It is prepared from the metamorphosis of salicin. Additionally, to help as a vital active aspirin metabolite i.e. acetylsalicylic acid, which plays a role as a prodrug in part to salicylic acid, it is possibly best recognized for its utilization as a vital ingredient in local anti-acne products. Salicylic acid’s esters and salts are referred as salicylates. According to WHO, it is one of the most vital medications required in a fundamental health system, even it is a part of WHO Model List of Essential Medicines. Salicylic acid has anti-inflammatory and pain relieving properties. Most of the salicylic acid manufactured is employed as a major ingredient in the production of aspirin.

Major Market Players:

The major market manufacturers for the global salicylic acid market are Novocap SA, Alfa Aesar, Simco Chemicals, Alta Laboratories, Siddharth Carbochem Products Ltd., Zhenjiang Gaopeng Pharmaceutical Co. Ltd, and J.M. Loveridge Ltd.

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