2-Hydroxybenzoic Acid, which is also referred to as Salicylic acid is a white crystalline, colorless organic compound that has a bitter aftertaste. It is mostly employed in the manufacture of aspirin, dyes, fragrances, and fungicides. It is a beta-hydroxy acid, and since it comes from plants, it functions as a plant hormone.
Due to its anti-inflammatory qualities, which also serve as a topical antibacterial agent while facilitating exfoliation, 2-Hydroxybenzoic Acid is frequently utilised in anti-acne products.
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Methyl salicylate, a compound having uses as a flavouring agent, is produced when salicylic acid and methanol are mixed with an acid catalyst. Phenyl salicylate, which is created when phenol and acid are combined, can be used to make lotions to cure sunburns as well as other skin diseases such corn, warts, and calluses.
China, France, Germany, India, and the United States are the leading 2-Hydroxybenzoic Acid-producing globally.
Key Details About the 2-Hydroxybenzoic Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the 2-Hydroxybenzoic Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Hydroxybenzoic Acid price trend, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting 2-Hydroxybenzoic Acid Price Trend:
2-Hydroxybenzoic Acid is predominantly used in industrial applications that have an impact on pricing trends, which include as a crucial raw material for medications like aspirin, spices, and food preservatives.
Additionally, it is used as a rubber vulcanization retardant, a disinfection preservative, and in the production of colour. It is employed as a preservative when added to food. It is used in the pharmaceutical industry to create acetylsalicylic acid (aspirin).
It is also a most common element in acne-related skincare products due to its ability to exfoliate, degrease the skin, reduce inflammation, and improves the pores.
Key Market Players:
- Seqens International
- JM Loveridge Limited
- Zhenjiang Gaopeng Pharmaceutical Co., Ltd.
- Hebei Jingye Group
- Siddharth Carbochem Products Ltd
News and Events:
- March 25, 2022: Salicylic acid (industrial grade) prices were fluctuating throughout the month, averaging 17000 RMB/MT. Prices increased 17.51 percent over the previous year.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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