Market Overview:
The global sodium salicylate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for sodium salicylate from various applications such as pharmaceuticals, electronics, metallurgical and others. Sodium salicylate is also used as an intermediate in the manufacture of other chemicals. North America dominates the global sodium salicylate market and is expected to continue its dominance during the forecast period.
Product Definition:
Sodium Salicylate is a medication used to treat pain, fever, and inflammation. It is a salicylate and works by decreasing the production of prostaglandins.
Pharmaceutical Grade:
Pharmaceutical grade is the purest form of salicylic acid available in the market. It has a purity level greater than 99%. Salicylic acid can be produced through both organic and inorganic processes. The most common process used to produce pharmaceutical-grade salicylates is an aqueous reaction between sodium sulfide and acetic acid, which provides better yield and lower production costs compared to other methods.
Industrial Grade:
Industrial grade is a high purity form of salicylic acid. It has 99% of the strength of regular salicylic acid and can be used in various industries such as pharmaceutical, chemical, cosmetics, food & beverage and others. The other reason for its high purity is that it does not contain any impurities like sulfur or nitrogen which are usually found in the natural form.
Application Insights:
The market is segmented by application into pharmaceutical, electronics, metallurgical and other applications. The others segment includes paints & coatings, rubber manufacturing and leather processing industries. In 2017, the metallurgical application accounted for the largest volume share of over 40% in terms of revenue as well.
Sodium salicylate is used in various metalworking fluids to enhance corrosion inhibition properties along with deactivating agents that help prevent re-deposition of metallic sodium on exposed surfaces which would otherwise cause discoloring or scaling problems during subsequent operations. It also helps reduce operating costs by reducing energy consumption required for cleaning and maintenance procedures at the plant level coupled with improved productivity due to enhanced equipment performance owing to its ability to minimize heat generation within the system being processed further driving its demand globally over the forecast period.
Regional Analysis:
North America sodium salicylate market is anticipated to witness growth over the forecast period owing to increasing demand for aspirin-based products. The region accounted for a volume share of more than 50% in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030. This can be attributed to the presence of key manufacturers such as Roerig, Inc.; FMC Corporation; and龍品工業股份有限公司in the region coupled with growing consumer awareness regarding health & hygiene issues due rising incidence of chronic diseases such as cancer, diabetes, etc.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, cosmetics, and food & beverages
- Rising awareness about the benefits of using sodium salicylate in various applications
- Growing research and development activities for new applications of sodium salicylate
- Technological advancements in production processes that are resulting in lower manufacturing costs
- Expansion of distribution networks by key players to reach a wider customer base
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Salicylate Market Research Report
By Type
Pharmaceutical Grade, Industrial Grade
By Application
Pharmaceutical, Electronics, Metallurgical, Others
By Companies
Merck, Evonik Industries, Symrise, Anmol Chemicals, Jeevan Chemicals, Nacalai Tesque, Inc., Alta Laboratories Ltd, Xinhua Long Xin Chemical, Yixing Shengguang Pharmaceutical and Chemical, Huayin Jinqiancheng Pharmaceutical, Merck
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Salicylate Market Report Segments:
The global Sodium Salicylate market is segmented on the basis of:
Types
Pharmaceutical Grade, Industrial Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Pharmaceutical, Electronics, Metallurgical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Merck
- Evonik Industries
- Symrise
- Anmol Chemicals
- Jeevan Chemicals
- Nacalai Tesque, Inc.
- Alta Laboratories Ltd
- Xinhua Long Xin Chemical
- Yixing Shengguang Pharmaceutical and Chemical
- Huayin Jinqiancheng Pharmaceutical
- Merck
Highlights of The Sodium Salicylate Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pharmaceutical Grade
- Industrial Grade
- By Application:
- Pharmaceutical
- Electronics
- Metallurgical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sodium Salicylate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sodium salicylate is a medication used to treat pain and inflammation. It is also used to prevent the development of ulcers in the stomach and intestines.
Some of the major companies in the sodium salicylate market are Merck, Evonik Industries, Symrise, Anmol Chemicals, Jeevan Chemicals, Nacalai Tesque, Inc., Alta Laboratories Ltd, Xinhua Long Xin Chemical, Yixing Shengguang Pharmaceutical and Chemical, Huayin Jinqiancheng Pharmaceutical, Merck.
The sodium salicylate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sodium Salicylate Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sodium Salicylate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sodium Salicylate Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sodium Salicylate Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sodium Salicylate Market Size & Forecast, 2018-2028
4.5.1 Sodium Salicylate Market Size and Y-o-Y Growth
4.5.2 Sodium Salicylate Market Absolute $ Opportunity
Chapter 5 Global Sodium Salicylate Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Sodium Salicylate Market Size Forecast by Type
5.2.1 Pharmaceutical Grade
5.2.2 Industrial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Sodium Salicylate Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Sodium Salicylate Market Size Forecast by Applications
6.2.1 Pharmaceutical
6.2.2 Electronics
6.2.3 Metallurgical
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sodium Salicylate Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sodium Salicylate Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Sodium Salicylate Analysis and Forecast
9.1 Introduction
9.2 North America Sodium Salicylate Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Sodium Salicylate Market Size Forecast by Type
9.6.1 Pharmaceutical Grade
9.6.2 Industrial Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Sodium Salicylate Market Size Forecast by Applications
9.10.1 Pharmaceutical
9.10.2 Electronics
9.10.3 Metallurgical
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Sodium Salicylate Analysis and Forecast
10.1 Introduction
10.2 Europe Sodium Salicylate Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Sodium Salicylate Market Size Forecast by Type
10.6.1 Pharmaceutical Grade
10.6.2 Industrial Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Sodium Salicylate Market Size Forecast by Applications
10.10.1 Pharmaceutical
10.10.2 Electronics
10.10.3 Metallurgical
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Sodium Salicylate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Sodium Salicylate Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Sodium Salicylate Market Size Forecast by Type
11.6.1 Pharmaceutical Grade
11.6.2 Industrial Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Sodium Salicylate Market Size Forecast by Applications
11.10.1 Pharmaceutical
11.10.2 Electronics
11.10.3 Metallurgical
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Sodium Salicylate Analysis and Forecast
12.1 Introduction
12.2 Latin America Sodium Salicylate Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Sodium Salicylate Market Size Forecast by Type
12.6.1 Pharmaceutical Grade
12.6.2 Industrial Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Sodium Salicylate Market Size Forecast by Applications
12.10.1 Pharmaceutical
12.10.2 Electronics
12.10.3 Metallurgical
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Sodium Salicylate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Sodium Salicylate Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Sodium Salicylate Market Size Forecast by Type
13.6.1 Pharmaceutical Grade
13.6.2 Industrial Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Sodium Salicylate Market Size Forecast by Applications
13.10.1 Pharmaceutical
13.10.2 Electronics
13.10.3 Metallurgical
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sodium Salicylate Market: Competitive Dashboard
14.2 Global Sodium Salicylate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Merck
14.3.2 Evonik Industries
14.3.3 Symrise
14.3.4 Anmol Chemicals
14.3.5 Jeevan Chemicals
14.3.6 Nacalai Tesque, Inc.
14.3.7 Alta Laboratories Ltd
14.3.8 Xinhua Long Xin Chemical
14.3.9 Yixing Shengguang Pharmaceutical and Chemical
14.3.10 Huayin Jinqiancheng Pharmaceutical
14.3.11 Merck
