Salicylic Acid Market

Salicylic acid market: get access to the latest data provided by an Ai-driven BI tool. Info include imports, market prices, production, exports, consumption, companies, trade, and market size. Here is a split by region, including the U.K., Africa, the U.S., Russia, China, Latin America, the Middle East, and EU. Market trends and outlook to 2030 are also provided in the snapshots.


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Salicylic Acid - World's Largest Markets

RatingCountry
1India
2Spain
3United States
4Mexico
5China

In value terms, India led the market, alone. The second position in the ranking was occupied by Spain. It was followed by the United States.

From 2018 to 2020, the average annual rate of growth in terms of value in India stood at +45.2%. The remaining consuming countries recorded the following average annual rates of market growth: Spain (+37.2% per year) and the United States (-10.8% per year).

Salicylic Acid Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
China288127192112-14.4%
United States509755914897-2.0%
India907110312102626.4%
Germany7936110561412333.4%
Average345937633322-2.0%

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($14,123 per tonne), while China ($2,112 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per tonne
United States502659484704-3.3%
Italy4125455245244.7%
Japan35414725437211.1%
Netherlands618866864111-18.5%
Germany3706439741015.2%
Mexico3145312734594.9%
Spain316151453084-1.2%
India22782363299914.7%
Thailand246632742235-4.8%
Average3257359735163.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($4,704 per tonne), while Thailand ($2,235 per tonne) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Salicylic Acid - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
India32346745.1%
United States202316-10.1%
Mexico128.511-2.3%
Germany1111112.6%
Thailand5.35.84.4-8.0%

In value terms, India ($67M) constitutes the largest market for imported salicylic acid and its salts worldwide, comprising 41% of global imports. The second position in the ranking was occupied by the United States ($17M), with a 10% share of global imports. It was followed by Mexico, with a 6.9% share.

In India, salicylic acid imports expanded at an average annual rate of +45.1% over the period from 2018-2020. The remaining importing countries recorded the following average annual rates of imports growth: the United States (-10.1% per year) and Mexico (-2.3% per year).

Salicylic Acid - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
China806558-15.3%
India16212113.6%
Germany1615174.5%
United States2.71.92.83.1%

In value terms, China ($58M) remains the largest salicylic acid supplier worldwide, comprising 53% of global exports. The second position in the ranking was occupied by India ($21M), with a 20% share of global exports. It was followed by Germany, with a 16% share.

From 2018 to 2020, the average annual rate of growth in terms of value in China amounted to -15.3%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+13.6% per year) and Germany (+4.5% per year).

Salicylic Acid - Market Forecast

Driven by increasing demand for salicylic acid worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Salicylic Acid - Product Coverage

  • HS 291821 - Acids; carboxylic acids, (with phenol function but without other oxygen function), salicylic acid and its salts
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World - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global salicylic acid market.

Eastern Asia - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in Eastern Asia.

Southern Asia - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in Southern Asia.

Africa - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in Africa.

Middle East - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in the Middle East.

Latin America and the Caribbean - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in Latin America and the Caribbean.

Australia and Oceania - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in Australia and Oceania.

South-Eastern Asia - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in South-Eastern Asia.

Northern America - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in Northern America.

Central Asia - Salicylic Acid and Its Salts - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the salicylic acid market in Central Asia.

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