Salicylic Acid Market Overview, Product Scope and Sales Volume Analysis till 2023
The Global Salicylic Acid Market is estimated to develop at a substantial CAGR of 6.4% for the duration of the prediction. It is obtained from the usual source i.e., woof of willow tree or produced by chemical mixture of phenol, on the commercial basis. Increasing demand for salicylic acid in the production of skin care cosmetic and haircare products due to increasing customersu2019 awareness about its paybacks is projected to motivate the demand above the prediction period. It is broadly utilized in the production of aspirin. Growing ingestion of aspirin tablets due to greater pain relieving act coupled with easy obtainability of the medicine, is estimated to boost the demand for it. On the other hand, growing concerns about the side effects of aspirin are likely to obstruct the progress of the market.
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