Salicylic Acid Market Analysis ,Future Scope And Forecast To 2024 : Grand View Research Inc.
San Francisco, 9 December 2019: The Report Salicylic Acid Market Analysis By Application (Pharmaceutical, Food & Preservatives, Cosmetics) And Segment Forecasts To 2024 The global salicylic acid market is expected to reach USD 547.5 million by 2024, according to a new report by Grand View Research, Inc. The market is expected to exhibit significant growth owing to increasing use of the product in the pharmaceutical industry for treatment of various skin disorders such as psoriasis, acne, and blemishes. In addition, the product is used as an ingredient during the preparation of aspirin. salicylic acid acts as an anti-inflammatory agent thus promoting its use as an ingredient in aspirin preparations. The increasing use of derivatives of salicylic acid such as methyl salicylate and chlorine salicylate as a liniment for joint and muscle pain and for relieving pain caused by mouth ulcers is expected to drive the market growth over the forecast period. However, grow