GrandViewResearch.com has announced the addition of "Global Salicylic Acid Market Analysis And Segment Forecasts To 2020" Market Research report to their Database.
The Global Market for Salicylic Acid is expected to reach USD 426.8 million by 2020, according to a new study by Grand View Research, Inc. Increasing use of salicylic acid in cosmetics coupled with the growing haircare and skincare market is expected to be a major driver over the next six years. In addition, growing acceptance of salicylic acid as a flavor and preservative is further expected to boost the growth of this market over the forecast period. Salicylic acid is a key ingredient in the manufacturing of acetyl salicylic acid or aspirin and the aspirin demand could witness substantial growth over the next five years especially in countries of Asia Pacific.
Pharmaceutical and food and preservative were the largest application segments for salicylic acid in 2013, together accounting for over 70% of global consumption. Food and preservative was a key segment for the market and is expected to grow at a CAGR of 6.8% from 2014 to 2020. The other key applications of salicylic acid include cosmetics products and other derivatives such as methyl salicylate, choline salicylate and magnesium salicylate which are all used in industrial applications.
The report "Salicylic Acid Market Analysis By Application (Pharmaceuticals, Food & Preservative, Cosmetics) And Segment Forecasts To 2020," is available now to Grand View Research customers and can also be purchased directly at grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis
Inquiry Before Buying @ grandviewresearch.com/inquiry/342
Further key findings from the study suggest:
1. Europe was the largest consumer of salicylic acid owing to the predominant pharmaceutical and cosmetics industry in this region, with an estimated salicylic acid demand of over 42 kilo tons by 2020.
2. The other large regional markets for the salicylic acid include North America and Asia Pacific with the latter expected to be the fastest growing regional consumer, at an estimated CAGR of over 7.6% from 2014 to 2020. China was the largest producer of salicylic acid in 2013 owing to the large downstream application manufacturers in the region.
3. The salicylic acid market was fairly concentrated with the top five companies accounting for over 75% of the production in 2013. Novocyl was the largest manufacture of salicylic acid and had a reported capacity of 32 kilo tons in 2013. The other key players in the market include Hebei Jingye Group, Zhenjiang Gaopeng Pharmaceutical Co. Ltd and Shandong Xinhua Longxin Chemical Co., Ltd.
Request Free Sample of This Report @ grandviewresearch.com/industry-analysis/salicylic-acid-market-analysis/request
For the purpose of this study, Grand View Research has segmented the global Salicylic Acid market on the basis of application, product and region:
i. Salicylic Acid Applications Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
- Food and Preservative
- Others (derivatives, industrial)
ii. Salicylic Acid Regional Outlook (Volume, Tons; Revenue, USD Million, 2012 - 2020)
- North America
- Asia Pacific
Latest Market Research Published By Grand View Research:
Lubricants Market Industrial (Process Oils, General Industrial Oils, Metal Working Fluids, Industrial Engine Oils), Automotive (Heavy-Duty Engine Oils, Hydraulic & Transmission Fluid, Gear Oil, Passenger Vehicle Engine Oils, Automatic Transmission Fluid, Gear Oil) Analysis And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/lubricants-market ) global market for lubricants is expected to reach USD 70.32 billion by 2020, according to a new study by Grand View Research, Inc. lubricants are widely used in the automotive industry for their benefits and relative lower cost. Hence, the growth of automotive market and industrial production, mainly in the emerging economies of Asia Pacific and Latin America is expected to boost the lubricant demand over the forecast period.
Synthetic Lubricants (Group IV, Group V) Market Analysis By Product (PAO, Esters, PAG), By Application (Engine Oils, HTF, Transmission Fluids, Metalworking Fluids) And Segment Forecasts To 2020 ( grandviewresearch.com/industry-analysis/synthetic-lubricants-market ) The global market for synthetic lubricants is expected to reach USD 3.72 billion by 2020, according to a new study by Grand View Research, Inc. Increasing penetration in automobile applications is expected to be a key driving force for the market, particularly in light of positive automotive outlook in India, China, South Korea and Brazil. Endorsement of synthetic oil manufacturers by OEMs is further expected to product boost demand over the forecast period.
About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit grandviewresearch.com
Sherry James, Corporate Sales Specialist
Grand View Research, Inc
San Francisco, California, USA
Toll Free: 1-888-202-9519