The North America Salicylic Acid Market would witness market growth of 6.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 43,612.42 tonnes, showcasing a growth of 5.9% (2019-2022).
Salicylic acid, with the chemical formula C7H6O3, is a beta hydroxy acid, a lipophilic monohydroxy benzoic acid, and phenolic acid. It possesses the physical characteristics of an odourless, colorless crystalline organic acid. Salicylic acid is used as an intermediate in the pharmaceutical and personal care sectors. The pharmaceutical sector has been a primary driver of the adoption of salicylic acid. As the key component in aspirin, one of the most widely consumed over-the-counter medications. The established safety profile of salicylic acid further facilitates its adoption in various pharmaceutical products.
The cosmetic industry has witnessed a surge in the adoption of salicylic acid, particularly in skincare products. Salicylic acid, which is well-known for its exfoliating qualities, is an essential component in cleansers, toners, masks, and spot treatments designed to treat acne and enhance skin texture. The adoption in this industry is driven by consumer demand for effective solutions to common skin concerns, and salicylic acid's efficacy in promoting clear and healthy skin has positioned it as a staple in many skincare formulations.
The Mexican Online Sales Association estimates that the domestic e-commerce sector was worth USD 19.7 billion in 2021, an increase of 27% over 2020. In 2021, there were 57.5 million users of Mexican eCommerce, up 11% from the previous year. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Salicylic Acid Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $213 million by 2030. The Canada market is experiencing a CAGR of 9.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 8.1% during (2023 - 2030).
Free Valuable Insights: The 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 U.S., Mexico, Canada, and Rest of North America.
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
North America 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)
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Salicylic Acid Market, by Application
1.4.2 North America Salicylic Acid Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities:
3.2.3 Market Restraints
3.2.4 Market Challenges:
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Salicylic Acid Market, By Application
4.1 North America Pharmaceutical Market, By Country
4.2 North America Skin Care Market, By Country
4.3 North America Hair Care Market, By Country
4.4 North America Food Preservatives & Others Market, By Country
Chapter 5. North America Salicylic Acid Market, By Country
5.1 US Salicylic Acid Market
5.1.1 US Salicylic Acid Market, By Application
5.2 Canada Salicylic Acid Market
5.2.1 Canada Salicylic Acid Market, By Application
5.3 Mexico Salicylic Acid Market
5.3.1 Mexico Salicylic Acid Market, By Application
5.4 Rest of North America Salicylic Acid Market
5.4.1 Rest of North America Salicylic Acid Market, By Application
Chapter 6. Company Profiles
6.1 Avonchem Ltd.
6.1.1 Company Overview
6.1.2 SWOT Analysis
6.2 Hebei jingye group
6.2.1 Company Overview
6.3 Larachem Inc.
6.3.1 Company Overview
6.4 Midas Pharma GmbH
6.4.1 Company Overview
6.5 Shandong Xinhua Pharmaceutical Co. Ltd
6.5.1 Company Overview
6.6 Thermo Fisher Scientific, Inc.
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.6.5 SWOT Analysis
6.7 Merck KGaA
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Segmental and Regional Analysis
6.7.4 Research & Development Expense
6.7.5 SWOT Analysis
6.8 Solvay SA
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expenses
6.8.5 SWOT Analysis
6.9 Novocap S.A.
6.9.1 Company Overview
6.10. Siddharth Carbochem Products Ltd.
6.10.1 Company Overview
TABLE 1 North America Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 2 North America Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 3 North America Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 4 North America Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 5 North America Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 6 North America Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 7 North America Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 8 North America Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 9 North America Pharmaceutical Market, By Country, 2019 - 2022, USD Million
TABLE 10 North America Pharmaceutical Market, By Country, 2023 - 2030, USD Million
TABLE 11 North America Pharmaceutical Market, By Country, 2019 - 2022, Tonnes
TABLE 12 North America Pharmaceutical Market, By Country, 2023 - 2030, Tonnes
TABLE 13 North America Skin Care Market, By Country, 2019 - 2022, USD Million
TABLE 14 North America Skin Care Market, By Country, 2023 - 2030, USD Million
TABLE 15 North America Skin Care Market, By Country, 2019 - 2022, Tonnes
TABLE 16 North America Skin Care Market, By Country, 2023 - 2030, Tonnes
TABLE 17 North America Hair Care Market, By Country, 2019 - 2022, USD Million
TABLE 18 North America Hair Care Market, By Country, 2023 - 2030, USD Million
TABLE 19 North America Hair Care Market, By Country, 2019 - 2022, Tonnes
TABLE 20 North America Hair Care Market, By Country, 2023 - 2030, Tonnes
TABLE 21 North America Food Preservatives & Others Market, By Country, 2019 - 2022, USD Million
TABLE 22 North America Food Preservatives & Others Market, By Country, 2023 - 2030, USD Million
TABLE 23 North America Food Preservatives & Others Market, By Country, 2019 - 2022, Tonnes
TABLE 24 North America Food Preservatives & Others Market, By Country, 2023 - 2030, Tonnes
TABLE 25 North America Salicylic Acid Market, By Country, 2019 - 2022, USD Million
TABLE 26 North America Salicylic Acid Market, By Country, 2023 - 2030, USD Million
TABLE 27 North America Salicylic Acid Market, By Country, 2019 - 2022, Tonnes
TABLE 28 North America Salicylic Acid Market, By Country, 2023 - 2030, Tonnes
TABLE 29 US Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 30 US Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 31 US Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 32 US Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 33 US Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 34 US Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 35 US Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 36 US Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 37 Canada Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 38 Canada Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 39 Canada Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 40 Canada Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 41 Canada Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 42 Canada Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 43 Canada Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 44 Canada Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 45 Mexico Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 46 Mexico Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 47 Mexico Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 48 Mexico Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 49 Mexico Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 50 Mexico Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 51 Mexico Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 52 Mexico Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 53 Rest of North America Salicylic Acid Market, 2019 - 2022, USD Million
TABLE 54 Rest of North America Salicylic Acid Market, 2023 - 2030, USD Million
TABLE 55 Rest of North America Salicylic Acid Market, 2019 - 2022, Tonnes
TABLE 56 Rest of North America Salicylic Acid Market, 2023 - 2030, Tonnes
TABLE 57 Rest of North America Salicylic Acid Market, By Application, 2019 - 2022, USD Million
TABLE 58 Rest of North America Salicylic Acid Market, By Application, 2023 - 2030, USD Million
TABLE 59 Rest of North America Salicylic Acid Market, By Application, 2019 - 2022, Tonnes
TABLE 60 Rest of North America Salicylic Acid Market, By Application, 2023 - 2030, Tonnes
TABLE 61 Key Information – Avonchem Ltd.
TABLE 62 Key Information – Hebei jingye group
TABLE 63 Key Information – Larachem Inc.
TABLE 64 Key Information – Midas Pharma GmbH
TABLE 65 Key Information – Shandong Xinhua Pharmaceutical Co., Ltd
TABLE 66 Key Information – Thermo Fisher Scientific, Inc.
TABLE 67 key Information – Merck KGaA
TABLE 68 Key Information – Solvay SA
TABLE 69 Key Information – Novocap S.A.
TABLE 70 Key Information – Siddharth Carbochem Products Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Salicylic Acid Market, Share By Application, 2022
FIG 6 North America Salicylic Acid Market, Share By Application, 2030
FIG 7 North America Salicylic Acid Market, By Application, 2019 - 2030, USD Million
FIG 8 North America Salicylic Acid Market, Share By Country, 2022
FIG 9 North America Salicylic Acid Market, Share By Country, 2030
FIG 10 North America 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