The Asia Pacific Salicylic Acid Market would witness market growth of 8.2% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 35,912.81 tonnes, showcasing a growth of 7.2% (2019-2022).
Salicylic acid's ability to inhibit microbial growth makes it useful in preserving art and historical artifacts, protecting them from deterioration caused by microorganisms. Salicylic acid is incorporated into topical treatments for various skin conditions, including warts and psoriasis. It is used in foot care products, particularly in formulations designed to address calluses and corns. Salicylic acid is utilized in dermatology for treating conditions like psoriasis and warts due to its keratolytic and exfoliating properties. Salicylic acid is used in veterinary medicine to treat animal skin conditions, showcasing its broader applicability.
Ongoing research and development activities have been focused on creating innovative drug formulations using salicylic acid and exploring new therapeutic areas beyond traditional pain relief and anti-inflammatory applications. There has been an increasing demand for skincare and cosmetic products containing natural ingredients. Salicylic acid, derived from willow bark, aligns with the trend of natural and plant-based skincare, driving its adoption in various cosmetic formulations. Salicylic acid's role as a plant growth regulator and stress alleviator aligns with the broader trend toward sustainable agriculture.
As per Invest India, the pharmaceutical industry in India is anticipated to increase to $65 billion by 2024 and $130 billion by 2030. One of the world's largest suppliers of inexpensive vaccines is India. India is a significant exporter of pharmaceuticals. Therefore, due to the above-mentioned factors, the salicylic acid market will grow significantly in this region.
The China market dominated the Asia Pacific Salicylic Acid Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $59.1 million by 2030. The Japan market is registering a CAGR of 7.6% during (2023 - 2030). Additionally, The India market would experience a CAGR of 8.9% during (2023 - 2030).
Free Valuable Insights: The Global Salicylic Acid Market is Predict to reach $854.8 Million by 2030, at a CAGR of 7.4%
Based on Application, the market is segmented into Pharmaceutical, Skin Care, Hair Care, and Food Preservatives & Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- Thermo Fisher Scientific, Inc.
- Avonchem Ltd.
- Hebei jingye group
- Siddharth Carbochem Products Ltd.
- Larachem Inc.
- Merck KGaA
- Midas Pharma Gmbh
- Novocap S.A.
- Shandong Xinhua Pharmaceuticals Co., Ltd.
- Solvay SA
Asia Pacific Salicylic Acid Market Report Segmentation
By Application (Volume, Tonnes, USD Million, 2019-2030)
- Pharmaceutical
- Skin Care
- Hair Care
- Food Preservatives & Others
By Country (Volume, Tonnes, USD Million, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
TABLE 1 Asia Pacific Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 4 Asia Pacific Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 5 Asia Pacific Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 8 Asia Pacific Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 9 Asia Pacific Pharmaceutical Market, By Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Pharmaceutical Market, By Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Pharmaceutical Market, By Country, 2019 - 2022, Tonnes
TABLE 12 Asia Pacific Pharmaceutical Market, By Country, 2023 - 2030, Tonnes
TABLE 13 Asia Pacific Skin Care Market, By Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Skin Care Market, By Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Skin Care Market, By Country, 2019 - 2022, Tonnes
TABLE 16 Asia Pacific Skin Care Market, By Country, 2023 - 2030, Tonnes
TABLE 17 Asia Pacific Hair Care Market, By Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Hair Care Market, By Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Hair Care Market, By Country, 2019 - 2022, Tonnes
TABLE 20 Asia Pacific Hair Care Market, By Country, 2023 - 2030, Tonnes
TABLE 21 Asia Pacific Food Preservatives & Others Market, By Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Food Preservatives & Others Market, By Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Food Preservatives & Others Market, By Country, 2019 - 2022, Tonnes
TABLE 24 Asia Pacific Food Preservatives & Others Market, By Country, 2023 - 2030, Tonnes
TABLE 25 Asia Pacific Salicylic Acid Market, By Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Salicylic Acid Market, By Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Salicylic Acid Market, By Country, 2019 - 2022, Tonnes
TABLE 28 Asia Pacific Salicylic Acid Market, By Country, 2023 - 2030, Tonnes
TABLE 29 China Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 30 China Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 31 China Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 32 China Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 33 China Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 34 China Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 35 China Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 36 China Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 37 Japan Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 38 Japan Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 39 Japan Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 40 Japan Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 41 Japan Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 42 Japan Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 43 Japan Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 44 Japan Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 45 India Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 46 India Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 47 India Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 48 India Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 49 India Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 50 India Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 51 India Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 52 India Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 53 South Korea Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 54 South Korea Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 55 South Korea Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 56 South Korea Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 57 South Korea Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 58 South Korea Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 59 South Korea Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 60 South Korea Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 61 Singapore Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 62 Singapore Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 63 Singapore Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 64 Singapore Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 65 Singapore Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 66 Singapore Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 67 Singapore Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 68 Singapore Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 69 Malaysia Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 70 Malaysia Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 71 Malaysia Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 72 Malaysia Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 73 Malaysia Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 74 Malaysia Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 75 Malaysia Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 76 Malaysia Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 77 Rest of Asia Pacific Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 79 Rest of Asia Pacific Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 80 Rest of Asia Pacific Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 81 Rest of Asia Pacific Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 82 Rest of Asia Pacific Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 83 Rest of Asia Pacific Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 84 Rest of Asia Pacific Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 85 Key Information – Avonchem Ltd.
TABLE 86 Key Information – Hebei jingye group
TABLE 87 Key Information – Larachem Inc.
TABLE 88 Key Information – Midas Pharma GmbH
TABLE 89 Key Information – Shandong Xinhua Pharmaceutical Co., Ltd
TABLE 90 Key Information – Thermo Fisher Scientific, Inc.
TABLE 91 key Information – Merck KGaA
TABLE 92 Key Information – Solvay SA
TABLE 93 Key Information – Novocap S.A.
TABLE 94 Key Information – Siddharth Carbochem Products Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Salicylic Acid Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Salicylic Acid Market
FIG 4 Porter’s Five Forces Analysis - Salicylic Acid Market
FIG 5 Asia Pacific Salicylic Acid Market, Share By Application, 2022
FIG 6 Asia Pacific Salicylic Acid Market, Share By Application, 2030
FIG 7 Asia Pacific Salicylic Acid Market, By Application, 2019 - 2030, USD Million
FIG 8 Asia Pacific Salicylic Acid Market, Share By Country, 2022
FIG 9 Asia Pacific Salicylic Acid Market, Share By Country, 2030
FIG 10 Asia Pacific Salicylic Acid Market, By Country, 2019 - 2030, USD Million
FIG 11 Swot Analysis: Avonchem Ltd.
FIG 12 Swot Analysis: Thermo Fisher Scientific, Inc.
FIG 13 Swot Analysis: Merck KGaA
FIG 14 SWOT Analysis: Solvay SA