(Food-Beverage-News.Com, September 17, 2019 ) Market Overview: Salicylic acid is a white crystalline solid organic compound. It is a mono hydroxybenzoic acid that is derived naturally from the willow tree and Salix, or it can also be produced synthetically from sodium phenolate and carbon dioxide. Due to the increase in its demand in various end-user industries is predicted to propel the Salicylic Acid Growth at a higher CAGR over the forecast period.
Market Dynamics: Growth in various end-user industries is one of the major factors boosting the Salicylic Acid Market. Owing to its fungicidal, anti-inflammatory, keratolytic, pain reveling and anti-microbial properties, salicylic acid is finding several applications in the cosmetics, healthcare and pharmaceutical industries.
However, salicylic acid can cause a rare but serious allergic reaction or severe skin irritation along with skin dryness, and peeling. Also, salicylates applied to the skin are can be absorbed into the bloodstream and can cause Reye’s syndrome, and sometimes fatal condition in children. These factors are hindering the Salicylic Acid Market growth.
Market Segmentation: By Application • Food & Beverages • Pharmaceuticals • Cosmetics • Hair Care • Others
Geographical Analysis: By Geography, the market is segmented into: • North America • Europe • South America • Asia Pacific • The Middle East and Africa
Competitive Analysis: Key Players: • Alfa Aesar • Alta Laboratories Ltd. • Hebei Jingye Group • JM Loveridge Limited • Novacap • Shandong Xinhua Longxin Chemical Co., Ltd. • Others
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