Report ID: SQMIG15E2441
Salicylic Acid Market Size, Share, Growth Analysis, By Application(Pharmaceutical, Skin Care, Haircare, Food Preservatives), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2441 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
38 |
Figures:
73
Salicylic Acid Market Regional Insights
In terms of revenue, Asia-Pacific is expected to grow at a CAGR of 7.8% over the forecast period. This is because countries like China and Japan have big economies. In these economies, the number of people who buy things like personal care and medicines is growing quickly. Also, there are major industrial players in the area, especially in China. Also, the cheap price of salicylic acid is the main thing that gives Chinese companies a competitive edge.
Africa is also expected to grow at a CAGR of 7.6% over the next few years in terms of revenue. The pharmaceutical market in Africa is growing because there aren't enough medicines in many countries. Also, the growing fashion industry could lead to more people buying skin care products. This could increase the need for salicylic acid and be the market's main driver over the next few years. Also, as cities grew quickly, the number of salons grew, which led to a rise in the demand for products with salicylic acid.
Salicylic Acid Market Report Snapshots
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