Global Salicylic Acid Market 2017-2021

Overview of the global salicylic acid market

The adoption of aspirin is increasing across the globe because they are not only used for skin treatment and as a pain-relieving agent but since it also prevents strokes when consumed in low dosages. Research analysis on the global salicylic acid market identifies that the increasing use of aspirin will be one of the major factors that will have a positive impact on the growth of the market. Heart attacks or strokes are caused due to blood clotting. Aspirin enables the free flow of blood platelets by thinning the blood and also prevent colorectal cancers. The prevalence of cardiovascular diseases and cancers are also increasing across the globe. This encourages various economies to increase their investments in the production of aspirin. Consequently, the adoption of salicylic acid will also increase because they are majorly used in the production of aspirin. Technavio’s market research analysts predict that this market will grow at a CAGR of close to 9% by 2021.

The increasing preference for processed food is one of the key trends that will gain traction in the global salicylic acid market throughout the estimated period. Salicylic acid helps in the preservation of food by maintaining the color, flavor, texture, and nutrients. The demand for the salicylic acid is high in the food industry because they increase the shelf life of the food products and can be easily stored.

Competitive landscape and key vendors