Global Phenyl Salicylate Market was valued at USD 0.02 Billion in 2022 and is projected to reach USD 0.03 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The phenyl salicylate market has been steadily growing due to its wide application in various industries such as cosmetics, pharmaceuticals, and personal care products. As a chemical compound derived from salicylic acid, phenyl salicylate is used primarily for its UV-absorbing properties, which make it a crucial ingredient in sunscreens and skincare products. This compound’s ability to absorb ultraviolet (UV) radiation and prevent skin damage has garnered significant attention from both consumers and manufacturers, ensuring its continued presence in the market.
In the cosmetic and pharmaceutical sectors, phenyl salicylate is primarily utilized as a UV filter, providing protection from harmful sun rays. The rising global awareness of the harmful effects of UV radiation on skin health is driving the demand for such ingredients. Additionally, its application in formulations such as sunscreens, moisturizers, and anti-aging products is further expanding its market share.
Statistics suggest that the global phenyl salicylate market is projected to grow at a compound annual growth rate (CAGR) of over 5% in the coming years. This growth is largely fueled by the increasing demand for skin care products, particularly those designed to protect against sun exposure. With advancements in formulation technology, the use of phenyl salicylate in novel skincare products has become even more prevalent, increasing its market penetration.
Besides the cosmetic and pharmaceutical industries, phenyl salicylate also finds use in the manufacturing of certain plastics, fragrances, and even as a stabilizer in certain chemicals. These diverse applications contribute to its strong market presence across various sectors.
The ongoing trend of sustainability in the personal care industry is also shaping the phenyl salicylate market. As more consumers seek environmentally friendly and organic products, manufacturers are focusing on producing phenyl salicylate through greener methods, further boosting its appeal.
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Hunan Yetop Pharmaceutical Technology
Hangzhou Qiantai Biotechnology
BLD Pharmatech
Hangzhou Keying Chem
Zhengzhou Alfa Chemical
Haihang Industry
Hangzhou Xiaoshan Lianji Fine Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Phenyl Salicylate Market
Plastics Industry
Pharmaceutical Industry
Others
Based on Types the Market is categorized into Below types that held the largest Phenyl Salicylate market share In 2023.
Purity 98%
Purity 99%
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Phenyl Salicylate Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Phenyl Salicylate Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Phenyl Salicylate Market, By Type
6. Global Phenyl Salicylate Market, By Application
7. Global Phenyl Salicylate Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Phenyl Salicylate Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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