February 18, 2021: The global salicylic acid market size is expected to value at USD 547.5 million by 2024. The market is subject to witness a substantial growth due to the rising demand for salicylic acid in production of various cosmetic and haircare products and increasing consumer awareness associated with advantages of salicylic acid. Factors responsible for rapid market growth of salicylic acid industry, in the recent years, include increasing adoption of salicylic acid for production of aspirin under low costs of manufacturing.
Additionally, rising demand for aspirin tablets better known for their pain relieving capability and cost-effectiveness are predicted to drive the market demand for salicylic acid in the upcoming years. Globally, the salicylic acid market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the salicylic acid market.
However, the prevailing side effects due to excessive use or regular intake of aspirin is predicted to limit the market growth to a certain extent. Furthermore, a highly fragmented market coupled with less number of manufacturers and changing cost of the products are restraining the market progress, in recent years. Robust growth in the oil and gas industry, particularly in the Middle East and North America region and extensive availability of phenol as a raw material are anticipated to boost the manufacturing of salicylic acid. Additionally, rising exploration activities and manufacturing of shale gas and tight oil is projected to surge in overall the supply of phenol, thereby driving the growth of salicylic acid market in the upcoming years.
Request a Free Sample Copy of this Report @ https://www.millioninsights.com/industry-reports/salicylic-acid-market/request-sample
Excessive use of products containing large amounts of salicylic acid is considered as injurious to the skin and hair. The use of such products in large amount causes severe dryness, blistering, and skin irritation. Increasing popularity of the organic skin care and haircare products containing natural grape juice, thyme, rosemary, and tea tree oil extracts over salicylic acid is negatively impacting overall market performance, in the recent years. The salicylic acid market is broadly categorized into three major types based on their application such as pharmaceutical & medicine industry, food & preservatives industry, and cosmetics industry.
The pharmaceutical & medicine is considered as one of the fastest growing segment in the salicylic acid market with substantial revenue generation in the last couple of years. Growing popularity of the pharmaceutical & medicine market segment is attributed the salicylic acid based drugs for the therapy of different skin diseases and for cardiovascular diseases along with treatment of Hughes syndrome.
The food and preservatives segment has also witnessed substantial growth in the last few years owing increasing use of salicylic acid in packaged food and rising demand for food preservatives in the North America region. The salicylic acid prevents spoilage and fermentation in the packaged food products, thereby longing shelf life of the product. Moreover, the salicylic acid as a preservative in the sauces, beer, and wine helps to improve overall product efficiency.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. European region has shown major growth in recent years owing to the rise in the implementation of latest technologies in the chemical industry, rapid growth in the skin care & haircare sector, increase in the awareness regarding health and hygiene, and existence of well-established manufacturing industry.
Latin American region is predicted to hold major market share in the salicylic acid industry with massive growth in forecast period. Countries such as Brazil and Mexico are leading the Asia-Pacific market with rising need for packaged food products, increasing manufacturing for preservatives, and significant investment by leading industry players considering potential growth opportunities in the region.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/salicylic-acid-market
The key players in the salicylic acid market are Alfa Aesar GmbH & Co. KG, J.M. Loveridge Limited, Alta Laboratories Ltd., Siddharth Carbochem Products Ltd., Zhenjiang Gaopeng Pharmaceutical Ltd., Novocap S.A., and Simco Chemical Pvt., Limited.
Market Segment:
Salicylic Acid Market Application Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• Pharmaceutical
• Food & Preservatives
• Cosmetics
• Others
Salicylic Acid Market Regional Outlook (Volume, Tons; Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• India
• Japan
• Australia
• Latin America
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa
Get in touch
At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person:
Ryan Manuel
Research Support Specialist, USA
Email: [email protected]
The global salicylic acid market size is expected to value at USD 547.5 million by 2024.
Factors responsible for rapid market growth of salicylic acid industry, in the recent years, include increasing adoption of salicylic acid for production of aspirin under low costs of manufacturing.Additionally, rising demand for aspirin tablets better known for their pain relieving capability and cost-effectiveness are predicted to drive the market demand for salicylic acid in the upcoming years.
Globally, the salicylic acid market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the salicylic acid market.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/salicylic-acid-market/request-sampleHowever, the prevailing side effects due to excessive use or regular intake of aspirin is predicted to limit the market growth to a certain extent.
Furthermore, a highly fragmented market coupled with less number of manufacturers and changing cost of the products are restraining the market progress, in recent years.
Robust growth in the oil and gas industry, particularly in the Middle East and North America region and extensive availability of phenol as a raw material are anticipated to boost the manufacturing of salicylic acid.
Additionally, rising exploration activities and manufacturing of shale gas and tight oil is projected to surge in overall the supply of phenol, thereby driving the growth of salicylic acid market in the upcoming years.Excessive use of products containing large amounts of salicylic acid is considered as injurious to the skin and hair.
San Francisco, 25 May 2020 — “Salicylic Acid Market Analysis By Regions (North America, Europe, Asia-Pacific, Latin America and Africa), Product, By Application And Segment Forecasts To 2025” Global Salicylic Acid Market size is expected to value at USD 547.5 million by 2024.
Factors responsible for rapid market growth of salicylic acid industry, in the recent years, include increasing adoption of salicylic acid for production of aspirin under low costs of manufacturing.
Get a Free Sample Copy of Report @ https://www.millioninsights.com/industry-reports/salicylic-acid-market/request-sample Additionally, rising demand for aspirin tablets better known for their pain relieving capability and cost-effectiveness are predicted to drive the market demand for salicylic acid in the upcoming years.
Globally, the salicylic acid market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the salicylic acid market.
However, the prevailing side effects due to excessive use or regular intake of aspirin is predicted to limit the market growth to a certain extent.
Furthermore, a highly fragmented market coupled with less number of manufacturers and changing cost of the products are restraining the market progress, in recent years.
The global Ready to drink (RTD) tea and coffee market size is expected to value at USD 116.13 billion by 2024.
The RTD tea and coffee market is subject to witness a substantial growth due to the growing demand for tea and distillates based products, and their easy availability.
The key factors driving the growth of the market are increasing consummation of the tea and coffee products across the globe, and familiarity of taste associated with the consummation of the products.Addition of the various flavors in the market and growing awareness about the health benefits of the tea and coffee among the consumers are some of the key reason for the progress of the market in recent years.
Globally, the ready to drink (RTD) tea and coffee market is predicted to grow at CAGR of 5.6% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.Aggressive marketing by the industry players and numerous brand improvement efforts by energy drink manufacturers is attracting more consumers towards ready to drink (RTD) tea and coffee products.
Introduction of the green tea variants and various health benefits associated with its daily consummation, particularly by the genetic population, is significantly boosting the sales of the RTD products, thus leading to the growth of the ready to drink (RTD) tea and coffee industry over the forecast period.Though, changing cost of coffee beans is leading to the fluctuations in the prices of the RTD coffee products, thus restraining growth of the ready to drink (RTD) tea and coffee market in recent years.
However, numerous manufactures are making significant efforts to counterbalance fluctuations in the cost of coffee beans by achieving economies of scale during the manufacturing processes.
The global artificial lift systems market is expected to gain a moderate growth during the forecast period.
Artificial lift systems are used to enhance fluid production and transportation from the reservoir to the endpoint.
The primary aim of artificial lift systems is to lessen the weight of hydrostatic column by reducing the density of fluid column resulting into overall lessening of drawdown on reservoir ultimately, so that the formation can exhibit desired reservoir fluid.
Artificial lift systems industry is driven by factors such as rising production of shale gas and oil production and increase in oil reserves and oil production capacities all across the globe.
Pump jack accounts for a larger market segment owing to rise in deployment in manufacture and construction sector across the globe.
Market developments in APAC and MEA sector display similar trends due to factors like rise in offshore & onshore oil production and improved conditions for requirements in saturated fields.
The global Fire Resistant Glass Market is estimated to grow at an exponential rate in the years to come.
Growing stress on refining the criteria of fire safety of the housing along with the commercial substructure is projected to take an optimistic influence on the business.The fire resistant glass is utilized such as smoke and fire blockade because of its obstructive abilities of the transmission and conductive high temperature.
The material utilized in the product comprises wired, hardened, and ceramic glass.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/fire-resistant-glass-market-size/request-sampleThe Fire Resistant Glass market on the source of Type of Application could span Marine, Building & Construction, and Others.
These glasses possess the capability to offer actual varnishing resolutions by way of impression confrontation, and resistivity to smoke and heat.
The demand for laminated fire resistant glasses is greater in uses where the resistance to impression and safety from fire are the most important concerns.The Fire Resistant Glass market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Ltd, Technical Glass Products, Prom at International N.V, Nippon Sheet Glass Co. Ltd, and Glass Dynamics Inc. Additional notable companies operating in the field are- SAFTI FIRST Fire Rated Glazing Solutions, Ravens by Glass Co. Ltd, and Nippon Electric Glass Co. Ltd.Market Segment:Global Fire Resistant Glass Product Outlook (Volume, Million Square Meter; Revenue, USD Billion, 2013 - 2024)WiredCeramicTemperedGel FilledGlobal Fire Resistant Glass Application Outlook (Volume, Million Square Meter; Revenue, USD Million, 2013 - 2024)ConstructionMarineOthersGlobal Fire Resistant Glass Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2013 - 2024)North AmericaU.SEuropeGermanyUKAsia PacificChinaIndiaLatin AmericaBrazilMiddle East and AfricaBrowse Full Research Report with TOC @ https://www.millioninsights.com/industry-reports/fire-resistant-glass-market-sizeTable of ContentsChapter 1.
