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Global Methyl Salicylate Market Insight December 31, 2021 Comments

The Methyl Salicylate is forecast to remarkable growth over the next years. According to the World Knowledge Information (WKI) “Global Methyl Salicylate Professional Survey Report 2021, Forecast to 2026”, Due to the growth of pharmaceutical, food and other application industriesThe compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 4.27% base on WKI regression analysis model.

 

Analysts’ Viewpoint:
“At present, many large companies have begun to adopt cooperative methods to promote development. If they want to develop well, they should take corresponding measures and focus on innovating new products.”said Jennie, Senior analyst, Chemical industry Market Research Center in WKI.

Market insight:
Due to the increasing awareness of hair and skin, the growing demand for personal care products such as skin care and hair care is expected to become one of the main factors driving the demand for methyl salicylate. In addition, the expected increase in demand for drugs will also lead to an increase in the demand for methyl salicylate in the production of various drugs and ointments during the forecast period. Due to various initiatives by certain government agencies and consumers’ awareness of well-being, the growth of the pharmaceutical industry is expected to drive the demand for methyl salicylate in the next few years. Research and development activities focused on reducing the risk of Hughes syndrome, stroke and dementia are expected to provide new opportunities for market growth.
However, increasing attention to the side effects and toxicity of methyl salicylate is expected to slow the growth of the market through excessive external use, such as poisoning and irritation of the stomach wall and skin blistering.Methyl salicylate can be fatal, especially in young children. Overdose of methyl salicylate can cause death and is expected to limit the development of the market.
Competition Landscape:
Major manufacturers have reached a number of cooperation and agreements with other companies to market new products and gain a greater share of the market. Large companies such as Novacyl announced in 2013 the launch of its new methyl salicylate production plant. According to the company, the manufacturing plant will strengthen Novacyl’s position and further improve its growth sustainability in salicylic acid and its derivatives.The market participants of methyl salicylate mainly include: Novasi, Rhodia, Alfa Aessa, Alta Laboratories, Arrow Chemical, Zhenjiang Gaopeng Pharmaceutical, Zhenjiang Maoyuan, Jiangsu Puyuan Chemical, Shandong Long Xin Chemical, Nanjing Huajian Chemical.
Segmentation of Methyl Salicylate Market:
According to the type, methyl salicylate can be divided into: low concentration methyl salicylate and high concentration methyl salicylate.Because methyl salicylate is toxic, the lower concentration of methyl salicylate has a larger share in the market.According to the application, the methyl salicylate market is divided into: food and beverages, cosmetics and personal care, pharmaceuticals, and others.Due to the widespread deployment of methyl salicylate, the cosmetics and personal care sectors are expected to occupy the largest share of the methyl salicylate market, which is used as a topical analgesic for the formulation of essential oils and painkillers. In addition, the sales growth of medical applications for the treatment of skin diseases, dandruff, blemishes and acne is also assessed as driving the growth of this segment in the future. The pharmaceutical sector is also expected to occupy an important market share, which is attributed to more and more government initiatives to raise awareness of consumer well-being and high demand for products that produce ointments and gels.
Methyl Salicylate Market: Regional Analysis
In terms of geography, the global Methyl Salicylate market has been segmented into: North America, Europe, Asia Pacific, Latin America, Middle East and Africa.Among them, mature regions such as North America and Europe have the highest demand for methyl salicylate because of the huge hair care and skin care industries in these regions, leading to huge demand for this chemical. Due to the continuous development of the hair care, skin care and pharmaceutical industries in the region, emerging regions such as the Asia-Pacific region are expected to experience the fastest growth rates during the forecast period.

Cagr: 4.27%
Largest share area:North America
Largest share country:the Unite States