Product ID: SQMIG15E2441
Report ID:
SQMIG15E2441 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
38 |
Figures:
73
In terms of revenue, Asia-Pacific is expected to grow at a CAGR of 7.8% over the forecast period. This is because countries like China and Japan have big economies. In these economies, the number of people who buy things like personal care and medicines is growing quickly. Also, there are major industrial players in the area, especially in China. Also, the cheap price of salicylic acid is the main thing that gives Chinese companies a competitive edge.
Africa is also expected to grow at a CAGR of 7.6% over the next few years in terms of revenue. The pharmaceutical market in Africa is growing because there aren't enough medicines in many countries. Also, the growing fashion industry could lead to more people buying skin care products. This could increase the need for salicylic acid and be the market's main driver over the next few years. Also, as cities grew quickly, the number of salons grew, which led to a rise in the demand for products with salicylic acid.
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REQUEST FREE CUSTOMIZATIONSalicylic Acid Market size was valued at USD 510.8 million in 2019 and is poised to grow from USD 547.8 million in 2023 to USD 886.9 million by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
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Product ID: SQMIG15E2441