Salicylic Acid Market to Experience Exponential Growth by 2022
Salicylic acid market was valued at $333 million in 2015 and is expected to reach $504 million by 2022, supported by a CAGR of 6.3% during the forecast period 2014 - 2022. Salicylic acid is a monohydroxybenzoic acid derived from plants such as willow tree and salix. It is extensively used as a wart remover, antiseptic, pain reliever, disinfectant and food preservative around the globe owing to its anti-inflammatory, comedolytic, fungicidal, anti-microbial and keratolytic properties.
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