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The global methyl salicylate market is being aided by the salicylate market. The global salicylate market is expected to grow at a CAGR of 4.8% in the forecast period of 2024-2032.
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The market growth of methyl salicylate is on the rise due to the growing demand from its application industries like pharmaceuticals. The product is employed in a variety of applications like pharmaceutical, industrial, and cosmetics. Moreover, the product is classified as a topical analgesic, due to which it is extensively employed in essential oil formulations and pain-relieving rubs to provide relief from arthritis and other aches. Methyl salicylate has several properties like being a superior intermediate for the synthesis of certain industrial, pharmaceutical, and agrochemical molecules, which has also encouraged the growth of methyl salicylate. In addition, methyl salicylate is also used for medical applications like curing certain skin ailments, like psoriasis, acne, dandruff, and blemishes. Methyl salicylate is used as a preservative in food, and as an intermediate for the production of fragrances and chemicals. The rising demand for these products is aiding the market growth of methyl salicylate.
Methyl salicylate is an organic ester methanol and salicylic acid that is naturally developed by several species of plants, specifically wintergreens. It is also an active ingredient in the wintergreen oil. Methyl salicylate is used in various sectors like pharmaceuticals, food and beverage, and liniments, among others.
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On the basis of application, the market is divided into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The market growth of methyl salicylate is being driven by the rising demand for personal care products like skin care and hair care. This can be attributed to the rising awareness for hair and skin, which is expected to facilitate the market growth over the forecast period as well. In addition, the rising demand for pharmaceuticals is also predicted to enhance the market growth of methyl salicylate. Further, the increasing demand for methyl salicylate in the pharmaceutical sector for the production of various drugs and ointments is also estimated to invigorate the market growth over the forecast period. The growth of the pharmaceutical industry on account of various initiatives undertaken by certain governmental bodies, along with the rising awareness about the well-being among consumers, is predicted to boost the demand for methyl salicylate in the coming years.
The report gives a detailed analysis of the following key players in the global methyl salicylate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The major drivers of the market are rising disposable incomes, and extensive applications from end use sectors.
The key trends guiding the growth of the market include emphasis on research and development activities for decreasing the risks of Hughes syndrome, strokes, and dementia, among patients and increasing population.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading applications in the market are food and beverages, cosmetics and personal care, and pharmaceuticals, among others.
The major players in the global methyl salicylate market are Seqens Group, Zhenjiang Gaopeng Pharmaceutical Co., Ltd., Alta Laboratories Ltd., Tokyo Chemical Industry Co., Ltd., and Siddharth Carbochem Products Ltd., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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