Salicylic Acid Market Analysis | Outlook | Forecast To 2024
“Global Salicylic Acid Market report includes in-depth analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment and future outlook.�
The global Salicylic Acid Market size is expected to value at USD 547.5 million by 2024. The market is subject to witness a substantial growth due to the rising demand for salicylic acid in production of various cosmetic and haircare products and increasing consumer awareness associated with advantages of salicylic acid. Factors responsible for rapid market growth of salicylic acid industry, in the recent years, include increasing adoption of salicylic acid for production of aspirin under low costs of manufacturing. Additionally, rising demand for aspirin tablets better known for their pain relieving capability and cost-effectiveness are predicted to drive the market demand for salicylic acid in the upcoming years. Globally, the salicylic acid market is predicted to grow at high CAGR over the forecast period, providing numerous opportunities for market players to invest in research and development of the salicylic acid market. However, the prevailing side effects due to excessive use or regular intake of aspirin is predicted to limit the market growth to a certain extent. Furthermore, a highly fragmented market coupled with less number of manufacturers and changing cost of the products are restraining the market progress, in recent years. Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/salicylic-acid-market/request-sample