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PORTLAND, Oregon, June 17, 2020 /PRNewswire/ --Allied Market Research published a report, titled,"Salicylic Acid Marketby Pharmaceuticals Application (Wart Remover, Disinfectant, Antifungal, Dentifrices, Antiseptic, Anti-irritant, Scale Lifter and Ointment), Skincare (Moisturizer, Sunscreen, Acne Solution), Haircare (Shampoo, Conditioner) and Food Preservative & Others: Global Opportunity Analysis and Industry Forecast, 20202027." According to the report, the global salicylic acid industry was estimated at $287.1 million in 2019, and is anticipated to hit $490.8 million by 2027, registering a CAGR of 8.0% from 2020 to 2027. Drivers, restraints, and opportunities- Presence of anti-inflammatory and oxidation properties in salicylic acid and increasing cases of pimples, whiteheads, blackheads, warts, and zits drive the growth of the global salicylic acid market. On the other hand,the fact that temporary exposure to salicylic acid may lead to certain disorders in individuals restrains the market growth. However, rise in adoption of medical cosmetics and surge demand from developing economies such as the Asia-Pacific region are projected to pave the way for lucrative opportunities in the near future. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/409 COVID-19 scenario- With the outbreak of COVID-19, people have become more cautious about the quality of pharmaceutical and personal care stuffs they are buying. As salicylic acid heightens the quality of such products, the global market is likely to grow at a substantial rate. With expanding sales of soap and hand cleansing products, there is a great opportunity for the top brands to innovate in terms of new marketing strategies and product designs. However, major disruptions in the supply chain impede the market growth to certain extent. Get Detailed COVID-19 Impact Analysis on the Salicylic Acid Market @ https://www.alliedmarketresearch.com/request-for-customization/409?reqfor=covid The pharmaceuticals segment to maintain the dominant share- Based on chemistry, the pharmaceuticals segment contributed to around three-fifths of the global salicylic market share in 2019, and is expected to lead the trail by the end of 2027. The fact that salicylic acid is used in the pharmaceutical industry for manufacturing drugs for cardiovascular diseases, skin disorders, and Hughes syndrome drives the growth of the segment. The skin care segment, on the other hand, would grow at the fastest CAGRof 10.2% from 2020 to 2027. Rise in efforts of manufacturers to develop effective skin care products method along with mounting awareness of personal care products is anticipated to drive the growth of this segment Europe, followed by North America, garnered the major share in 2019 Based on region, Europe, followed by North America, held the highest share in 2019, generating nearly two-fifths of the global salicylic acid market. This is attributed to significant support by the European Union Governments and regulatory bodies present in the region that have been regulating favorable policies for healthcare. Simultaneously, the Asia-Pacific region would cite the fastest CAGR of 8.4% throughout the forecast period. This is due to increasing demand in the pharmaceutical & cosmetics industries for shampoos, lotions, creams, moisturizers, and oral care lotions. For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/409 Key players in the industry- Novacyl Alta Laboratories Ltd. J.M Loveridge Ltd. Zhenjiang Gaopeng Pharmaceutical Ltd. Hebei Jingye Group Siddharth Carbochem Products Ltd. Zhenjiang Maoyuan Chemical Co. Ltd. Shandong Xinhua Pharmaceutical Co. Ltd. Alfa Aesar Avnochem Limited Interested in Procuring this Report? visit: https://www.alliedmarketresearch.com/salicylic-acid-market/purchase-options Avenue Basic Plan | Library Access | 1 Year Subscription | Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan. Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Get more information: https://www.alliedmarketresearch.com/library-access Similar Reports: Furfural Market: Global Opportunity Analysis and Industry Forecast, 20202027 Specialty Chemicals Market: Global Opportunity Analysis and Industry Forecast, 20202027 High Purity Alumina Market: Global Opportunity Analysis and Industry Forecast, 2020-2026 Propionic Acid Market: Global Opportunity Analysis and Industry Forecast, 20192026` About Us Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 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Answer: Salicylic Acid Market to Garner $490.8 Million, Globally, By 2027 at 8.0% CAGR, Says Allied Market Research Presence of anti-inflammatory and oxidation properties in salicylic acid and increasing cases of pimples, whiteheads, blackheads, warts, and zits drive the growth of the global salicylic acid market