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Salicylate Market Revenue, Size, Share, Regions, Demand Analysis, Growth Strategy

The Global Salicylate Market Size is anticipated to grow at an aggressive rate owing to the rising incidence of cardiovascular diseases across the globe, observes Fortune Business Insights™ in its report, titled “Salicylate Market Size, Share & Industry Analysis, By Product Type (Sodium Salicylate, Methyl Salicylate, Octyl Salicylate, Others), By Application (Pharmaceuticals, Cosmetics, Fragrance, Food and Preservatives) And Regional Forecast, 2020-2027”. According to the World Health Organization (WHO), Cardiovascular Diseases (CVDs) are the primary cause of death across the globe with an estimate of 17.9 million deaths each year. Salicylate, which is naturally found in plants, is highly effective in the prevention of CVDs. The anti-coagulating and anti-inflammatory properties found in salicylate promote its utilization in cardiovascular preventive medicine, boosting the growth of the salicylate market. However, adverse effects and stringent regulations limit market growth.

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Highlights of the report:-

  • Segmentation on the basis of product, type, consumption, distribution channel, and region
  • Detailed analysis of the companies based on their financial positions, product portfolios, and growth strategies
  • Study of core competencies of the key players and their market share to anticipate the degree of competition
  • Employment of the bottom-up procedure to arrive at the overall size of the market by estimating revenues of key market players

Driving Factor

Ever-increasing Rate of Skin Diseases to Enhance Market Growth

According to a study published in the National Center for Biotechnology Information (NCBI), based on the Global Burden of Disease Project, skin diseases were the 4th leading cause of non-fatal morbidity worldwide in 2010 and 2013. Skin conditions and diseases pose a significant threat to patients’ well-being, mental health, and functional ability. Salicylic acid has wide applications in treatment against several skin conditions and diseases including dandruff, acne, warts, and psoriasis. It has bacteriolytic, skin peeling, and fungicidal properties, which help in relieving pain and reducing inflammation. This increases the demand for salicylate in the pharmaceutical sector, further boosting the salicylate market size.

List of Key Players Covered in the Salicylate Market Report:

  • Bayer
  • Eli Lilly and Company
  • Heinz, Alta Laboratories
  • Zhenjiang Gaopeng Pharmaceutical Co. Ltd.
  • Siddharth Carbochem Products Ltd.
  • Novocap
  • Alfa Aesar
  • Neutrogena
  • Banana Boat
  • Mondelez International

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Regional Insights

Asia Pacific to Dominate the Market; Europe Relying on the Cosmetic Industry

Asia Pacific dominates with the largest share in the global salicylate market. The increasing demand for products involving salicylates in industries, such as medicines, food processing, and cosmetics, is boosting the salicylate’s demand in the region. North America owns a prominent share owing to the rapidly growing demand for products containing salicylate. These products are primarily used in the prevention of cardiovascular diseases, thereby boosting the market growth.

Europe has been the global market leader owing to the dominance of cosmetic applications across the region. The market in the region is projected to expand over the coming years due to salicylate’s extensive use as the main ingredient in the product categories and its antibacterial features. In addition, the rapid development in the skincare industry is accelerating market growth. The salicylate market in Latin America and the Middle East is estimated to grow owing to the utilization of salicylate in beauty, skincare, and hair products.

Competitive Landscape:-

Major players in the salicylate market are making strategic investments in research and development activities to develop innovative products. In addition to this, the companies are planning to explore new potential applications of salicylate in various end-user industries. These investments are allowing them to develop novel derivatives from the ingredient and expand their business horizons.

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Industry Development:-

  • On 20th June 2018, Novacap, a key leader in the pharma industry, acquired PCI Synthesis to expand its offering in the U.S. This acquisition suits the company’s strategic plans to improve its pharmaceutical portfolio and project a groundbreaking forum for Novocap to promote its growth in the U.S.
  • On 14th Marc, 2018, Neutrogena initiated new products and broadened the production line of its Hydro Boost. The company has leveled up and introduced SPF 30 and SPF 50 to the Hydro-Boost line. The 50th SPF is light weighted, has a pleasant fragrance, and soaks up and mixes really well in the skin. This will enable the company to gain a competitive edge in the market.

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Arthur Siegrist

By Arthur Siegrist

Arthur has nearly a decade of media experience. Before joining FBI Market News, he ran content operations of several local news journals. He also vast experience stock market, corporate communications, public relations, and digital marketing. Arthur holds a commerce degree from the University of Oakland and a post-graduate degree in English from NYU.