The logistics price increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices increased by 15.5%, the highest level since February 2006. Besides that, the number of existing U.S. homes sold in July 2022 decreased by 5.95% to 4.85 million (seasonally adjusted annual rate), which was the lowest number since May 2020 and under the market’s forecast of 4.89 million. The home sector sales fell for the sixth month in a row as the mortgage rate reached its highest point at 6.3%. The U.S. economy continues to be heavily impacted by the global energy crisis, causing people to spend less and conserve more.
Salicylic acid is a lipophilic monohydroxybenzoic acid and a beta hydroxy acid with the formula C7H6O3. Salicylic acid is used primarily as an intermediate in the production of agrochemical products, dyes, and colorants, as well as in the rubber industry and in the manufacture of phenolic resins. Salicylic acid is also a significant compound in industrial sectors including pharmaceuticals, personal care and cosmetics. According to Report Ocean, global salicylic acid market is projected to grow at a CAGR of 4.6% during the forecast period 2021-2027.
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The market growth is influenced by various determinants consist of drivers, trends, challenges, opportunity and restraints. A market research report titled ‘Global XXX is compiled by Report Ocean consist of detailed analysis of the market based on various segmentations, key players profiling, and many more. The market research study offers in-depth regional analysis over the forecast period along with the current market scenarios competitive landscape. The major regions analyzed in the study include Americas, Europe, Middle East & Africa and Asia Pacific.
The report offers a breakdown of market shares by product, including Technical Grade Salicylic Acid, Pharmaceutical Grade Salicylic Acid, Sublimed Salicylic Acid. By application, the salicylic acid market is classified into Pharmaceuticals, Personal Care & Cosmetics, Agrochemicals, Dyes, Rubber Chemicals. On the basis of region, the salicylic acid industry is analyzed across North America, Europe, AsiaPacific, South America and MEA (the Middle East, and Africa).
By Product: Technical Grade Salicylic Acid Pharmaceutical Grade Salicylic Acid Sublimed Salicylic Acid
By Application: Pharmaceuticals Personal Care & Cosmetics Agrochemicals Dyes Rubber Chemicals
By region, the market is analyzed across North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at global, regional & country level from 2021 to 2027. North America (U.S., Canada, Mexico, etc.) AsiaPacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.) Europe (Germany, UK, France, Italy, Russia, Spain, etc.) Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.) South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)
The market research report covers the analysis of key stake holders of the salicylic acid market. Some of the leading players profiled in the report include: Alta Laboratories Ltd. Hebei Jingye Group Co., Ltd. J.M. Loveridge (UK) Jiangsu Puyuan Chemical Industry Co., Ltd. JQC (Huayin) Pharmaceutical Co., Ltd. LCP Leuna Carboxylation Plant GmbH Nanjing Huajian Chemical (China) Rishabh Metals and Chemicals Pvt. Ltd. SEQENS SAS (Novacap, Inc.) Shandong Jiahong Chemical (China) Shandong Longxin Chemical Group Co., Ltd. Shandong Xinhua Pharmaceutical Co., Ltd. Shanghai Yanan Pharma (China) Siddharth Carbochem Products Limited (SCPL) Zhenjiang Gaopeng Pharmaceutical Co., Ltd. Zhenjiang Maoyuan Chemical Co., Ltd.
The competitive landscape of the global XXX was analyzed by considering various parameters: FNPV Positioning Matrix, Market Vendor Ranking Analysis, Competitive News Feed Analysis—which consist of covering various market strategies adopted by the market players in order to compete, those strategies are Mergers & Acquisitions, New Product Launches, Business Expansions, Partnerships, Agreement & Collaborations.
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Market forecasting in the report is based on a market model derived from market connectivity, dynamics, and identified factors about the market. These assumptions are enlightened on the basis of facts from reliable sources. Sources were researched through primary and secondary instruments and regressive analysis.
Research Objective To analyze and forecast the market size of global salicylic acid market. To classify and forecast global salicylic acid market based on product, application. To identify drivers and challenges for global salicylic acid market. To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in global salicylic acid market. To conduct pricing analysis for global salicylic acid market. To identify and analyze the profile of leading players operating in global salicylic acid market.
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are: Manufacturers of salicylic acid Raw material suppliers Market research and consulting firms Government bodies such as regulating authorities and policy makers Organizations, forums and alliances related to salicylic acid
Key Benefits of This Market Research:
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