Salicylic Acid Market Segmentation:
Source (Artificial/Synthetic, Natural)
Based on the source, the artificial/synthetic segment is projected to capture salicylic acid market share of over 58.5% by 2035, due to cost-effectiveness and consistent quality in production. Artificially synthesized salicylic acid provides manufacturers with a reliable and scalable option for formulating skincare and pharmaceutical products, with uniform potency and performance. For instance, in January 2024, VLCC presented India's first-ever serum facewash line, featuring eight distinct varieties infused with salicylic acid serum, vitamin C serum, and hyaluronic acid serum. Thus, these innovations enable companies to maintain competitive prices while fulfilling the penetrating demand for effective acne treatments and skincare solutions.
Application (Healthcare, Food Preservatives, Cosmetics)
Based on application, the healthcare segment is projected to garner significant growth traction in the salicylic acid market due to its keratolytic action that exfoliates the skin and opens pores. It is more widely used in over-the-counter prescription preparations. In September 2023, Crown Therapeutics announced the addition of two new PanOxyl products, PanOxyl Adapalene 0.1% Gel and PanOxyl Clarifying Exfoliant with 2% Salicylic Acid. It has an alcohol-free, pH-balanced formula with blue algae and antioxidants to reduce redness and irritation while unclogging and minimizing the appearance of pores. The increased prevalence of skin diseases necessitates more effective therapeutic agents, enhancing their usage in the healthcare industry.
Our in-depth analysis of the market includes the following segments:
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