India Salicylic Acid Market (2024-2030) Outlook | Value, Companies, Industry, Share, Size, Forecast, Trends, Analysis, Growth & Revenue

Market Forecast By Application (Pharmaceutical, Food & Preservatives, Cosmetics, Others) And Competitive Landscape

Product Code: ETC102343	Publication Date: Aug 2023	Updated Date: Apr 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

India Salicylic Acid Market Shipment Analysis

India Salicylic Acid Market registered a growth of 2.99% in value shipments in 2022 as compared to 2021 and an increase of 5.29% CAGR in 2022 over a period of 2017. In Salicylic Acid Market India is becoming less competitive as HHI index in 2022 was 5709 while in 2017 it was 5673. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Salicylic Acid Market.

India Salicylic Acid Market Competition 2023

India Export Potential Assessment For Salicylic Acid Market (Values in Thousand)

India Salicylic Acid Market Synopsis

The India salicylic acid market is expected to witness a healthy growth rate over the forecast period. The increasing demand for personal care products, pharmaceuticals and food ingredients are driving the market in India. Moreover, rising disposable income of consumers are propelling the demand of these products in India. Furthermore, technological advancements and innovations coupled with increased government initiatives towards encouraging investments into R&D activities by domestic players have led to the emergence of new product categories across sectors such as paints & coatings and paper industries which will further drive the salicylic acid industry in India.

Market Drivers

The major factors driving the growth of Salicylic Acid Market include growing demand for personal care products, pharmaceuticals and food ingredients along with increasing disposable incomes among consumers. Additionally, favorable government policies along with developments in technologies has resulted in more efficient production processes which further propel its utilization across various industries including automotive interior materials and rubber adhesives etc., thereby boosting its usage volumes significantly throughout India.

Challenges of the Market

The major challenge faced by this industry is related to environmental regulations due to high emissions during manufacturing process resulting from burning coal or petroleum-based sources thus leading to an increase in cost structure making it difficult for companies operating domestically within India. In addition to that availability of substitutes such as benzoic acids also hampers profitability margins associated with salicylic acid manufacturers operating within India marketspace

Key Players in the Market

Some key players currently dominating India Salicylic Acid market include Gujarat State Fertilizers & Chemicals Ltd., Haldia Petrochemicals Ltd., Hindustan Organic Chemicals Limited (HOCL), BASF SE , Dow Chemical Company , Merck KGaA , Clariant AG among others

Key Highlights of the Report:

India Salicylic Acid Market Outlook
Market Size of India Salicylic Acid Market, 2020
Forecast of India Salicylic Acid Market, 2027
Historical Data and Forecast of India Salicylic Acid Revenues & Volume for the Period 2023 - 2027
India Salicylic Acid Market Trend Evolution
India Salicylic Acid Market Drivers and Challenges
India Salicylic Acid Price Trends
India Salicylic Acid Porter's Five Forces
India Salicylic Acid Industry Life Cycle
Historical Data and Forecast of India Salicylic Acid Market Revenues & Volume By Application for the Period 2023 - 2027
Historical Data and Forecast of India Salicylic Acid Market Revenues & Volume By Pharmaceutical for the Period 2023 - 2027
Historical Data and Forecast of India Salicylic Acid Market Revenues & Volume By Food & Preservatives for the Period 2023 - 2027
Historical Data and Forecast of India Salicylic Acid Market Revenues & Volume By Cosmetics for the Period 2023 - 2027
Historical Data and Forecast of India Salicylic Acid Market Revenues & Volume By Others for the Period 2023 - 2027
India Salicylic Acid Import Export Trade Statistics
Market Opportunity Assessment By Application
India Salicylic Acid Top Companies Market Share
India Salicylic Acid Competitive Benchmarking By Technical and Operational Parameters
India Salicylic Acid Company Profiles
India Salicylic Acid Key Strategic Recommendations