Salicylic Acid Market - Forecast (2022-2027)
Salicylic Acid Market size is forecast to reach $888.32 million by 2025, after growing at a CAGR of 6.5% during 2020-2025. The increasing use of salicylic acid and its by-products in the food and beverage industry and in skincare products is expected to turn into increased market demand to avoid spoilage and fermentation. Salicylic acid (from Latin salix, willow tree) is a lipophilic monohydroxybenzoic acid, a type of phenolic acid, and a beta hydroxy acid (BHA). This colorless crystalline organic acid is widely used in organic synthesis and functions as a plant hormone. Salicylic acid is administered in the form of aspirin which is less irritating to the stomach than salicylic acid. To prepare aspirin, salicylic acid is reacted with an excess of acetic anhydride. A small amount of a strong acid is used as a catalyst which speeds up the reaction. Request Sample Report Coverage The report: “Salicylic Acid Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of t...