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The global salicylic acid market was valued at USD 513.7 million in 2024 and is estimated to grow at a CAGR of over 8.3% from 2025 to 2034.
Salicylic acid, a naturally occurring compound, finds extensive use across various sectors, notably in pharmaceuticals, cosmetics, and personal care. Renowned for its exfoliating properties, it aids in shedding dead skin cells and fostering skin renewal.
Surging demand for acne treatments and skincare products has propelled the market. Its ability to penetrate pores and clear blockages makes it a staple in many acne treatments. As health consciousness rises among consumers, so does the interest in skincare and anti-aging products, amplifying its significance in cosmetics. Beyond acne, it's increasingly featured in formulations addressing skin inflammation and aging, leveraging its proven benefits in wrinkle reduction and skin rejuvenation.
Moreover, its established role in pharmaceuticals, especially in pain relief medications like aspirin, underscores its versatility. Its emerging recognition in heart health treatments, attributed to its anti-inflammatory properties, unveils fresh avenues in both pharmaceutical and over-the-counter markets. These interconnected factors highlight the market's robust growth, establishing it as a crucial element not just in beauty and wellness, but also in healthcare, catering to a globally health-conscious and aging demographic.
In 2024, the cosmetics and personal care segment held a 39.2% share of the global salicylic acid industry, driven by the rising demand for skincare products targeting acne treatment, exfoliation, and anti-aging.
The global market size for salicylic acid was valued at USD 513.7 million in 2024 and is projected to reach USD 1.1 billion by 2034, driven by a CAGR of over 8.3% from 2025 to 2034.
The U.S. market achieved revenues of USD 110.2 million in 2024, driven by high consumer awareness of skincare health and the benefits of salicylic acid in treating acne, exfoliating skin, and anti-aging treatments.
Major players in the industry include Alta Laboratories, Dhairya International, Hebei Jingye Medical, Merck, Seqens, Shandong Longxin Chemical, Siddharth Carbochem Products, Spectrum Chemical, Vizag Chemical, and Zhenjiang Gaopeng Pharmaceutical.