Aspirin
Market, Supplier, Risk and
Competitive Intelligence

Industry Outlook & Drivers

Aspirin Global Market Outlook:

Global market size – 28 KT (2020)
Expected to grow at a CAGR of 6 percent

Market Trends:
Aspirin manufactures are increasing capacity, in response to
the increasing demand of the market.

Porter's Analysis on Aspirin

Supplier Power

• The market of Salicylic Acid used in the manufacture of Aspirin is fragmented with many players available in the market
• Some of the key market players also have salicylic acid in their product portfolio
• Salicylic Acid is majorly used in pharmaceutical manufacturing. The demand from other industries is minimal
• Hence, the suppliers of Aspirin raw materials has lower power

Barriers to New Entrants

• Consolidated Market: The Aspirin API market is consolidated with the top three players, holding close to 70 percent of the market share
• The top players have all the required regulatory certifications and an established consumer base
• Capital investment and competition are the major barriers for the new entrants in the market

Intensity of Rivalry

• Consolidated Market: As the marker is consolidated, each of the regulated suppliers have significant marker share. Hence, there is no problem of price competition
• Capacity Expansion: The established suppliers have been increasing their manufacturing capacities in response to the growing market demand

Threat of Substitutes

• Aspirin, being used for a wide range of indications, has lower risk of substitution, due to the low toxicity profile and established usage among the health care professionals
• However, the novel molecules, being introduced in the market for cardio vascular indication, etc., could effect the market size

Buyer Power

• The buyer has medium power, since the market is consolidated with lower number of regulated suppliers and their high market share