Global Salicylic Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Form;

Liquid and Powder

By Application;

Pharmaceutical, Skin Care, Hair Care, Food Preservatives & Others, and Others (Dye Industry etc.)

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn157632893 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Salicylic Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Salicylic Acid Market was valued at USD 499.15 million. The size of this market is expected to increase to USD 785.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.7%.

The Global Salicylic Acid Market plays a pivotal role in various industries, prominently pharmaceuticals and skincare. Salicylic acid, derived from willow bark and now synthesized commercially, is renowned for its anti-inflammatory and exfoliating properties, making it a cornerstone in treating skin conditions such as acne and psoriasis. In pharmaceuticals, it is utilized in aspirin production and as a precursor in the synthesis of other pharmaceuticals. The market is driven by increasing consumer awareness of skincare solutions and expanding applications in pharmaceutical formulations.

Recent developments in the Global Salicylic Acid Market have focused on technological advancements and expanding applications. Innovations in skincare formulations have led to the integration of salicylic acid in various cosmetic products beyond traditional acne treatments. Moreover, pharmaceutical companies are exploring new therapeutic uses, such as anti-inflammatory drugs, driven by ongoing research into its molecular mechanisms and potential health benefits.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Form
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Salicylic Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand in Skincare
        2. Expanding Pharmaceutical Applications
        3. Increasing Health Consciousness
        4. Technological Advancements
      2. Restraints
        1. Price Volatility of Raw Materials
        2. Potential Side Effects
        3. Competition from Alternatives
        4. Regulatory Challenge
      3. Opportunities
        1. Rising Popularity of Natural Ingredients
        2. Expansion in Emerging Markets
        3. Innovations in Formulations
        4. Research into New Therapeutic Uses
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Salicylic Acid Market, By Form, 2021 - 2031 (USD Million)
      1. Liquid
      2. Powder
    2. Global Salicylic Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Pharmaceutical
      2. Skin Care
      3. Hair Care
      4. Food Preservatives & Others
      5. Others (Dye Industry etc.)
    3. Global Salicylic Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Merck & Co., Inc.
      2. Alfa Aesar (Thermo Fisher Scientific)
      3. J.M. Loveridge Limited
      4. Novacap
      5. Shandong Xinhua Longxin Chemical Co., Ltd.
      6. Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
      7. Hebei Jingye Group
      8. Simco Chemicals
      9. Shandong Jiahong Chemical Co., Ltd.
      10. Alta Laboratories Ltd.
  7. Analyst Views
  8. Future Outlook of the Market