Salicylic Acid Market Will Escalate Rapidly in the Near Future
Salicylic Acid Market is projected to be worth USD 540 Billion by 2030, registering a CAGR of 10% during the forecast period (2022 – 2030). Synopsis of Salicylic Acid Market Salicylic Acid Market more than 35% in 2015, due to rising demand for aspirin and pain killers for various diseases. Salicylic acid is obtained either from natural source i.e., bark of willow tree or artificial source i.e., carbolic acid . The application of salicylic acid market is vast which includes health care, food preservatives and cosmetics. Drivers of this market are, increasing health awareness in developing countries which is responsible for high demand of skin care products and hair products. In addition to this sedentary lifestyle has increased the consumption of food and beverages where preservatives are added. Globally, North-America and Europe are leading markets for salicylic acid primarily due to large population in these regions. Asia- Pacific region is expected to gro...