Benzyl Salicylate Market Share

  • Report ID: 4103
  • Published Date: Mar 31, 2023
  • Report Format: PDF, PPT

Benzyl Salicylate Market Share

North American Market Forecast

The North American benzyl salicylate market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed to the rising demand for personal care products and increased awareness about the therapeutic benefits of salicylate-based products. Moreover, the rising disposable incomes of consumers and growing awareness about personal grooming and hygiene is driving people in the region to invest in good quality products. Additionally, the growing demand for premium fragrances and the increasing availability of these products on online platforms are likely to further drive the growth of the regional market. For instance, 45% of Americans between the ages of 18 and 30 use perfume at least once a day, 29% use perfume a few times a week, and 9% use perfume only occasionally. Women are more likely to use perfume in the US than men. The number of women using perfume daily in the US is 40%, while the number of men using perfume daily is 38%. Benzyl salicylate is often used as a fixative in perfumes, meaning it helps to slow down the evaporation of the fragrance, allowing it to last longer. Additionally, it has a sweet, floral aroma that helps to impart a pleasant scent to the perfume.

APAC Market Statistics

The Asia Pacific benzyl salicylate market, amongst the market in all the other regions, is projected to hold the second largest share during the forecast period. The rapid growth in regional wellness tourism in the region attributed to the increasing awareness of healthy lifestyles and disposable incomes is expected to create lucrative opportunities for benzyl salicylate in Asia Pacific. In addition, people are visiting nearby locations to participate in activities such as yoga, spas, and meditation, which has increased demand for aromatherapy products that contain benzyl salicylate. The region has seen a growth of 16% in wellness tourism and 255 million wellness trips each year. In Asia, there are 48,670 spas, which generate USD 27 billion in revenue. The popularity of aromatherapy products has grown significantly, as people seek to take advantage of their soothing and calming effects. The use of benzyl salicylate in these products makes them especially attractive, as it has a pleasant aroma and is known to be an effective relaxant. Moreover, the region is also witnessing an increasing demand for benzyl salicylate from the healthcare sector, as it is used as a preservative in cosmetics and pharmaceutical products.

Europe Market Forecast

Further, the benzyl salicylate market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2035. The growth of the market can be attributed the increasing demand for long-term care products, such as personal care products, home care products, and healthcare products, in the region. The market is being driven by an increasing awareness of the benefits of these products, such as their ability to protect the skin from sun damage, reduce wrinkles, and improve skin texture. Many people in the region have become more conscious of the health and environmental implications of using chemically-based products, so they are increasingly looking for natural, organic solutions. This has been particularly noticeable in Europe, where skin problems are common. It was observed that approximately 90 million Europeans experience uncomfortable skin sensations like itching, burning, and dryness. Benzyl salicylate is an organic compound that is used in topical creams, lotions, and ointments to treat skin conditions such as eczema, psoriasis, and acne. It also helps to reduce inflammation, redness, and itching.

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Benzyl Salicylate Market Size
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Author Credits:  Rajrani Baghel


  • Report ID: 4103
  • Published Date: Mar 31, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing expenditure on personal beauty and cosmetic products along with rising adoption of sunscreens and rise in disposable income are the major factors expected to drive the market growth.

The market is anticipated to attain a CAGR of 2% over the forecast period, i.e., 2023-2035.

Estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Zhenjiang Gaopeng Pharmaceutical CO,.Ltd, Jiangsu Puyuan Chemical Co.,Ltd, JQC (Huayin) Pharmaceuticals Co., Ltd., ECSA Chemicals AG, LLUCH ESSENCE S.A de C.V., OQEMA AG., Glentham Life Sciences Limited., Taytonn ASCC Pte Ltd, WholeChem, LLC., The Lermond Company, LLC, and other key market players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by purity, end user, and by region.

The 98% purity segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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