Salicylic Acid Market Growth by Region, Industry share, Size, Trends, Opportunities and Top Market Players
The latest report by IMARC Group, titled “ Salicylic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023 ”, estimates that the global salicylic acid market reached a value of US$ 371 Million in 2017. Salicylic acid is a water-soluble, organic crystalline solid which is derived from Salicin, an anti-inflammatory agent extracted from willow bark. It is naturally produced through the biosynthesis process of phenylalanine. Salicylic acid is also produced synthetically by treating sodium phenolate with carbon dioxide to yield sodium salicylate, which is later acidified using sulfuric acid to produce salicylic acid. The acid has keratolytic and anti-aging properties owing to which it is used as an important component in the manufacturing of personal care products. Apart from this, it is also utilized for food processing applications to prevent spoilage of packaged food products. Get a free sample for this market study here : https:/...