Global Salicylic Acid Market is Expected to Reach USD 521.2 million in 2019: Transparency Market Research



Transparency Market Research is Published new Market Report " Salicylic Acid Market for Pharmaceutical, Skin care, Hair care and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019," The global market for salicylic acid was valued at USD 292.5 million in 2012 and is expected to be USD 521.2 million in 2019, growing at a CAGR of 8.6% from 2013 to 2019. In terms of volume, salicylic acid demand was 95,000.0 tons in 2012 and is expected to grow at a CAGR of 6.4% from 2013 to 2019.

Salicylic acid is being increasingly used in skincare and haircare products due to its medical benefits such as reduction of acne, blemishes, dandruff and psoriasis. Rising awareness regarding healthy skin and hair is expected to drive the global skincare and haircare market, which in turn is expected to drive the growth of salicylic acid market. In addition, growing demand for aspirin is expected to be another factor vital to the growth of the market, as salicylic acid forms a key ingredient of aspirin. However, growing consumer concern regarding the side-effects of salicylic acid is expected to hamper the growth of the market. Research proving the positive impact of aspirin on life-threatening diseases such as dementia, strokes and Hughes Syndrome are expected to open new opportunities for the growth of the market over the next few years.
Demand for salicylic acid was highest from pharmaceuticals and was 48,697.0 tons in 2012. 

However, skincare and haircare are expected to be the fastest growing segments in terms of consumption of salicylic acid, on account of increasing consumer awareness regarding healthy hair and skin. In addition, rising awareness among consumers regarding the benefits of salicylic acid on skin and hair is expected to drive the market towards salicylic acid containing skincare and haircare products. The growth of the global skincare and haircare market is expected to augment the growth of the market.

Consumption of salicylic acid was highest in North America and accounted for over 35% of the market in 2012. However, Asia Pacific is expected to witness the fastest growth in the market within the forecast period. The demand for aspirin is expected to grow substantially on account of growing ageing population and healthcare initiatives by various national governments present in this region. This factor is expected to drive the demand for salicylic acid in pharmaceutical within Asia Pacific over the next few years. In addition, changing lifestyles and rising consumer awareness regarding the benefits of salicylic acid on skin and hair, is expected to fuel the demand for salicylic acid in skincare and haircare applications.

Key participants' profiles in the report include Alfa Aesar, J.M. Loveridge Limited, Novacap and Simco Chemicals Inc. among others.

The report comprises of the following segments:

Salicylic Acid Market: Application Analysis
·         Pharmaceuticals
·         Skincare
·         Haircare
·         Others (food, chemicals, fragrances)

The report provides a cross-sectional analysis of the above application segments with respect to the following regions:
·         North America
·         Europe
·         Asia Pacific
·         Rest of the World

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World Connected Car Market Will Climb Above USD 131.9 Billion in 2019 : Transparency Market Research


Transparency Market Research is Published new Market Report "Connected Car Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013- 2019," The global connected car market is expected to reach USD 131.9 billion by 2019, growing at a CAGR of 34.7% from 2013 to 2019. 4G/long-term evolution (LTE) technology is in a commanding position due to its lower operating costs associated with high data transmission volumes as compared to other technologies.

The global connected car market is primarily driven by factors such as growing awareness about safety and security and need for connectivity. Safety and security services such as emergency call (eCall) and stolen vehicle tracking (SVT) are becoming popular among consumers. Demand for other services such as gaming, entertainment, traffic information, and weather and location information is further supporting the growth of this market.

Among the major connectivity technologies, 4G held more than 30% of the entire connected car market in 2012 due to its high speed and simplified network architecture. In terms of connectivity solution, integrated solution dominated the global connected car market in 2012. This is because it eliminates the requirement of costly hardware in vehicles unlike tethered solution. The demand for integrated solution is driven by government mandates in developed regions namely U.S. and Europe. China is expected to be the largest consumer for this solution in coming years owing to growing usage of web-based applications. Due to the growing demand for traffic information services among consumers, navigation application is popular among masses. Among all the application segments, navigation dominated the global connected car market with more than 40% share in 2012.

North America was the biggest consumer of connected cars and held more than 50% share of the entire connected cars market in 2012. The reason behind this is the heavy internet usage, especially online mobility in the region. Asia Pacific will be the fastest growing region in coming years, fueled by the increasing demand from China, India, and Australia.
This industry is concentrated with many multinational players across different categories such as vehicle manufacturers, wireless module providers, technology platform provider, connectivity software developers and network service providers. Vehicle manufacturers namely General Motors, Hyundai Co., Ford Motor Company, Mercedes-Benz, and Audi among others sign agreements with other category players such as, application providers, wireless module developers, platform providers, and connectivity network providers. Microsoft Corporation, Verizon Communications, AT&T, Intel, Sierra Wireless, Broadcom Corporation, Gemalto, T-Systems, T-Mobile, and Delphi Automotive LLP, among others are few market leaders across aforementioned categories.

The report segments the global connected car market as:

Connected Car Market, by Connectivity Technology:
  • 4G technology
    • LTE
  • 3G technology
    • UMTS
    • HSPA
    • HSPA+
  • 2G technology
    • GSM
    • GPRS
    • EDGE
Connected Car Market, by Connectivity Solution:
  • Embedded
  • Tethered
  • Integrated
Connected Car Market, by Application:
  • Navigation
  • Telematics
  • Infotainment
Connected Car Market, by Geography:
  • North America
    • U.S.
    • Mexico
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • China
    • Australia
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Middle East
    • Latin America

» Read More...

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