The report on the Global Benzoic Acid Market gives an estimation of the development of the market based on historical studies and also provides forecasts on the basis of comprehensive research. The report gives a complete market analysis for the forecasted period from 2020 to 2026. The market is divided into various segments with an in-depth outlook of the competitors and a listing of the profiled key players. The market size in terms of revenue (USD MN) is calculated and provided for the study period along with the dynamics of the market such as the drivers and the restraints.
Benzoic acid is a carboxylic acid, which is soluble in water, crystalline in nature and white in colour. It is widely used as a precursor for the production of chemicals like sodium benzoate, potassium benzoate, benzoyl chloride, benzoate plasticizers, alkyd resins, etc. Food & beverage and packaging industries are its biggest end-users.
Benzoic acid is majorly used in food preservatives and as antifungal agent. Other uses of benzoic acid are in artificial flavors, perfumes, treatment of bacterial infections, repellants and others. Global benzoic acid market is segmented on this basis of its applications such as preservatives, sodium and potassium benzoate, benzoyl chloride, benzoate plasticizers, alkyd resins, animal feed, others that includes medicinal, etc.
Growing economy and increasing popularity of convenience food particularly in developing countries is fuelling the growth of this market. The popularity and demand of products varies from region to region. North America & Europe are the leading product segment is Benzoate Plasticizer, whereas in Asia-Pacific, Sodium and Potassium benzoate are the leading product segments.
Europe leads the global benzoic acid market in terms of both demand and production followed by North America and Asia Pacific. China is fast emerging as a leader in the Asia Pacific region. The flourishment of market in these regions can be attributed to the raised demand of its leading product segment benzoate plasticizers. However, more than benzoate plasticizers China is more of a hub for benzoyl chloride and sodium benzoate.
Key players in global benzoic acid market include:
- Emerald Kalama
- Fushimi
- Huayin Jin Qian Cheng
- Hubei Phoenix
- Nantong Haiers
- San Fu
- Wuhan Youji Industries
SEGMENTATIONS IN REPORT:
Benzoic Acid By Application:
- Preservatives
- Sodium And Potassium Benzoate
- Benzoyl Chloride
- Benzoate Plasticizers
- Alkyd Resins
- Animal Feed
- Others (Including Medicinal, Etc.)
Benzoic Acid By Geography:
- Europe
- North America
- Asia Pacific
- Latin America
- Middle East And Africa
The Global Benzoic Acid Market has been exhibited in detail in the following chapters -
Chapter 1 Benzoic Acid Market Preface
Chapter 2 Executive Summary
Chapter 3 Benzoic Acid Industry Analysis
Chapter 4 Benzoic Acid Market Value Chain Analysis
Chapter 5 Benzoic Acid Market Analysis By Application
Chapter 6 Benzoic Acid Market Analysis By Geography
Chapter 7 Competitive Landscape Of Benzoic Acid Companies
Chapter 8 Company Profiles Of Benzoic Acid Industry