The global salicylate market size is anticipated to grow at an aggressive rate owing to the rising incidence of cardiovascular diseases across the globe, observes Fortune Business Insights™ in its report, According to the World Health Organization (WHO), Cardiovascular Diseases (CVDs) are the primary cause of death across the globe with an estimate of 17.9 million deaths each year. Salicylate, which is naturally found in plants, is highly effective in the prevention of CVDs. The anti-coagulating and anti-inflammatory properties found in salicylate promote its utilization in cardiovascular preventive medicine, boosting the growth of the salicylate market. However, adverse effects and stringent regulations limit market growth.
As of today, nearly 47.5 million cases of the novel coronavirus have been recorded globally with around 1.21 million deaths. Covid-19 has massively affected all aspects of mankind, including trade. Economies around the world have been paralyzed due to nationwide lockdowns in various countries of major regions. Government bodies and organizations alike are constantly analyzing the situation to come up with real-time solutions in order to support their economies. At Fortune Business Insights™, we are consistently providing a birds’ eye view by analyzing various scenarios on a real-time basis. We are offering detailed reports based on our expertise and experience in the field of market research.
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Highlights of the report
- Segmentation on the basis of product, type, consumption, distribution channel, and region
- Detailed analysis of the companies based on their financial positions, product portfolios, and growth strategies
- Study of core competencies of the key players and their market share to anticipate the degree of competition
- Employment of the bottom-up procedure to arrive at the overall size of the market by estimating revenues of key market players
Driving Factor
Ever-increasing Rate of Skin Diseases to Enhance Market Growth
According to a study published in the National Center for Biotechnology Information (NCBI), based on the Global Burden of Disease Project, skin diseases were the 4th leading cause of non-fatal morbidity worldwide in 2010 and 2013. Skin conditions and diseases pose a significant threat to patients’ well-being, mental health, and functional ability. Salicylic acid has wide applications in treatment against several skin conditions and diseases including dandruff, acne, warts, and psoriasis. It has bacteriolytic, skin peeling, and fungicidal properties, which help in relieving pain and reducing inflammation. This increases the demand for salicylate in the pharmaceutical sector, further boosting the salicylate market size.
Regional Insights
Asia Pacific to Dominate the Market; Europe Relying on the Cosmetic Industry
Asia Pacific dominates with the largest share in the global salicylate market. The increasing demand for products involving salicylates in industries, such as medicines, food processing, and cosmetics, is boosting the salicylate’s demand in the region. North America owns a prominent share owing to the rapidly growing demand for products containing salicylate. These products are primarily used in the prevention of cardiovascular diseases, thereby boosting the market growth.
Europe has been the global market leader owing to the dominance of cosmetic applications across the region. The market in the region is projected to expand over the coming years due to salicylate’s extensive use as the main ingredient in the product categories and its antibacterial features. In addition, the rapid development in the skincare industry is accelerating market growth. The salicylate market in Latin America and the Middle East is estimated to grow owing to the utilization of salicylate in beauty, skincare, and hair products.
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Competitive Landscape
Key Players to Explore New Horizons in the End-user Industries
Salisilat pazarındaki önemli oyuncular, yenilikçi ürünler geliştirmek için araştırma ve geliştirme faaliyetlerine stratejik yatırımlar yapıyor. Buna ek olarak şirketler, çeşitli son kullanıcı endüstrilerinde salisilatın yeni potansiyel uygulamalarını keşfetmeyi planlıyor. Bu yatırımlar, içerikten yeni türevler geliştirmelerine ve iş ufuklarını genişletmelerine olanak tanıyor.
Endüstri Geliştirme:
- İlaç endüstrisinde önemli bir lider olan Novacap, 20 Haziran 2018’de ABD’deki teklifini genişletmek için PCI Synthesis’i satın aldı. BİZ
- 14 Mart 2018’de Neutrogena yeni ürünleri piyasaya sürdü ve Hydro Boost’un üretim hattını genişletti. Şirket seviye atladı ve Hydro-Boost serisine SPF 30 ve SPF 50’yi ekledi. 50. SPF hafiftir, hoş bir kokuya sahiptir ve emilir ve ciltte çok iyi karışır. Bu, şirketin pazarda rekabet avantajı elde etmesini sağlayacaktır.
Salisilat Pazar Raporunda Kapsanan Önemli Oyuncuların Listesi:
- Bayer
- Eli Lilly ve Şirketi
- Heinz, Alta Laboratuvarları
- Zhenjiang Gaopeng İlaç Ltd.
- Siddharth Carbochem Ürünleri Ltd.
- Novocap
- Alfa Aesar
- nötrojen
- Muz bot
- Mondelez Uluslararası
İlgili Haberleri Okuyun:
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https://flintreviewer.com/2023/03/14/silica-sand-market-revenue-status-forecast-report-2030/
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