Salicylic acid is a lipophilic monohydroxybenzoic acid and a beta hydroxy acid with the formula C7H6O3. Salicylic acid is utilized primarily as an intermediate in the introduction of agrochemical products, dyes, and colorants, as well as in the rubber industry and in the producer of phenolic resins. Salicylic acid is also a proficient compound in industrial segments comprising pharmaceuticals, personal care and cosmetics.
According to the report analysis, ‘Global Salicylic Acid (CAS 69-72-7) Market, 2021-2027’ states that Alta Laboratories Ltd., Hebei Jingye Group Co., Ltd., J.M. Loveridge (UK), Jiangsu Puyuan Chemical Industry Co., Ltd., JQC (Huayin) Pharmaceutical Co., Ltd., LCP Leuna Carboxylation Plant GmbH, Nanjing Huajian Chemical (China), Rishabh Metals and Chemicals Pvt. Ltd., SEQENS SAS (Novacap, Inc.), Shandong Jiahong Chemical (China), Shandong Longxin Chemical Group Co., Ltd., Shandong Xinhua Pharmaceutical Co., Ltd., Shanghai Yanan Pharma (China), Siddharth Carbochem Products Limited (SCPL), Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Zhenjiang Maoyuan Chemical Co., Ltd. and many more are the key entities which presently operating in the global salicylic acid (CAS 69-72-7) market more actively for leading the highest market growth, obtaining the competitive edge, registering the great value of market share, generating the high percentage of revenue, ruling around the globe, and keep maintaining the governing position by improving the qualitative and quantitative measures of such, establishing the qualitative and quantitative measures of such, implementing the policies and strategies of enlargement and profit making, analysing the strategies and policies of government as well as similar entities, delivering the better consumer satisfaction, employing the young and active personnel, spreading the awareness connected to the benefits and features of salicylic acid and increasing the applications and advantages of salicylic acid.
Based on the product, the ‘Global Salicylic Acid (Cas 69-72-7) Market’ is categorized into technical grade salicylic acid, pharmaceutical grade salicylic acid and sublimed salicylic acid. On the basis of application, the global Salicylic Acid (CAS 69-72-7) Market is classified into pharmaceuticals, personal care & cosmetics, agrochemicals, dyes, and rubber chemicals.
The market is projected to exhibit significant growth due to growing use of the product in the pharmaceutical industry for treatment of countless skin disorders such as psoriasis, acne, and blemishes. In addition, the product is utilized as an ingredient throughout the preparation of aspirin. Salicylic acid performs as an anti-inflammatory agent thus encouraging its usage as an ingredient in aspirin preparations.
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The growing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for discharging pain caused by mouth ulcers is projected to propel the market growth over the review period.
Further, salicylic acid is foremost ingredient in the producing of aspirin. Aspirin is one of the greatest selling pharmaceutical drugs around the globe and its consumption is on the growth as it offers greater pain relieving action and also this drug is easily accessible in the market. This drug is progressively being adopted to safeguard and treat ailments such as dementia, strokes especially amongst the aging populace, thereby propelling the market for salicylic acid.
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Global Salicylic Acid (CAS 69-72-7) Market Forecast, 2021-2027
Related Report
Global Salicylic Acid (CAS 69-72-7) Market, 2021-2027
Global Salicylic Acid (CAS 69-72-7) Market Outlook 2018-2023
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