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Salicylic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22581
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Salicylic Acid Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Salicylic Acid | Pharma API | USA | 3250 USD/MT |
The salicylic acid prices in the United States for Q4 2023 reached 3250 USD/MT in December. In Q4 2023, the salicylic acid market in the United States witnessed significant price fluctuations. October experienced a price drop due to low domestic demand and ample inventories. However, November brought a sharp price rise, driven by increased consumer spending and heightened demand for personal care products. The trend continued into December, fueled by holiday demand and supply chain disruptions.
Salicylic Acid Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Salicylic Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of salicylic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of salicylic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of salicylic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing salicylic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Salicylic Acid Market Analysis
The global salicylic acid market size reached US$ 447.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 746.4 Million, at a projected CAGR of 5.70% during 2023-2032.
- The rising product adoption in skincare and cosmetics industry is primarily driving the market growth. Salicylic acid is widely recognized for its ability to treat acne-prone skin by exfoliating the skin and clearing pores, making it a staple ingredient in many skincare products. According to the NATIONAL LIBRARY of MEDICINE, in different countries and among different age groups, the prevalence of acne varies, with estimates ranging from 35% to close to 100% of adolescents having acne at some point. Besides, the increasing consumer awareness regarding skincare routines and the desire for clear and healthy skin have led to a surge in demand for salicylic acid-based products.
- Salicylic acid is a key ingredient in the manufacturing of aspirin, a widely used medication for pain relief, anti-inflammatory treatments, and cardiovascular health. The global increase in chronic diseases related to pain and inflammation, coupled with the aging population, has led to a steady demand for aspirin and consequently for salicylic acid. According to the NATIONAL LIBRARY of MEDICINE, the prevalence of diseases associated with chronic inflammation is anticipated to increase persistently for the next 30 years in the United States. Moreover, 350 million people worldwide and nearly 43 million people in the United States or almost 20% of the population will experience arthritis and related joint pain, thus creating a favorable market outlook in the coming years.
- Salicylic acid derivatives such as methyl salicylate are used extensively in various industrial applications as flavoring agents and preservatives. Methyl salicylate is used in the food and beverage industry to impart aroma and flavor in products. Additionally, salicylic acid is used as a preservative in many personal care products, extending their shelf life by preventing microbial growth. Consequently, the expanding beauty and personal care products market which is expected to reach US$ 759.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032, as stated by IMARC Group, is also escalating the demand for salicylic acid across the globe.
Salicylic Acid News
The report covers the latest developments, updates, and trends impacting the global salicylic acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in salicylic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the salicylic acid price trend.
Latest developments in the salicylic acid industry:
- In May 2019, The Ordinary, launched an innovative face mask, Salicylic Acid 2% Masque, which consisted salicylic acid as a key ingredient with additional ingredients charcoal and clay.
- In December 2022, Peace out skincare, announced their newest launch, Peace Out Acne Day Dot that contains all the acne-fighting and healing ingredients, such as hydrocolloid polymer technology, salicylic acid, and aloe vera leaf extract.
Product Description
Salicylic acid is a beta hydroxy acid (BHA) that occurs naturally in plants, particularly in willow bark and wintergreen leaves. It is also synthetically produced for various commercial applications. Chemically, it is known as ortho-hydroxybenzoic acid, and it possesses both carboxylic acid and phenolic functionalities, which confer its acid and phenol properties, respectively. Salicylic acid is widely recognized for its role in medical and cosmetic products due to its ability to help the skin shed dead cells from the top layer and decrease redness and swelling. This decreases the number of pimples that form and speeds healing. In addition to its skincare benefits, salicylic acid is used in the production of aspirin which is a common pain reliever and anti-inflammatory agent. This derivative is one of the most widely used medications globally for reducing pain, fever, and inflammation.
Regional Coverage
The report provides a detailed analysis of the salicylic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the salicylic acid price trend.
Global Salicylic Acid Price
The report offers a holistic view of the global salicylic acid pricing trends in the form of salicylic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into salicylic acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into salicylic acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed salicylic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Salicylic Acid Price
The European market in Q4 2023 was marked by price fluctuations. October witnessed a sharp fall in prices, largely due to weak consumer confidence, high rate of interest, and excess market supply. The easing of inflation and growing concerns of a recession, particularly in Germany, further exerted downward pressure on prices. However, in November, the market experienced a turnaround, with increasing prices due to stronger demand from the healthcare and pharmaceutical sectors, coupled with improving business outlook in Germany. Other than this, holiday season and reduced exports from China contributed to the continued price increase in December, as supply constraints and inflationary pressures also played a role.
This analysis can be extended to include detailed salicylic acid price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Salicylic Acid Price
In the final quarter of 2023, the market in the U.S. experienced substantial changes. October began with a notable price drop due to weak demand domestically and a surplus of inventory among suppliers. The strong U.S. dollar made imports more cost-effective, further contributing to the decline. Falling prices in key exporting nations, such as China, also supported this downward trend. However, November witnessed a shift due to an increase in prices driven by rising consumer spending and growing demand from the personal care sector. The dollar weakening against other currencies made imports more expensive, adding upward pressure on prices.
Specific salicylic acid historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Salicylic Acid Price
The report explores the salicylic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on salicylic acid prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Salicylic Acid Price
During Q4 2023, the market in the Asia-Pacific region faced significant volatility. China's manufacturing sector experienced unexpected decline in October, reflecting broader economic difficulties and weaker-than-expected market conditions. This downturn was driven by reduced demand and lower manufacturing output, influenced by seasonal factors. Both manufacturing and non-manufacturing indicators pointed to a downfall in demand, resulting in a sluggish market. However, November witnessed a turnaround with a surge in salicylic acid prices, driven by increased domestic orders, improved market sentiment, and rising costs of raw materials like phenol. The colder weather also boosted demand for skincare products containing Salicylic acid, maintaining the upward trend.
This salicylic acid price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Salicylic Acid Price
The analysis of salicylic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Salicylic Acid |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Salicylic Acid Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of salicylic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting salicylic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The salicylic acid price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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