Benzoic Acid Market

Report Highlights

The scope of this report is broad and covers different end-uses of the benzoic acid market, along with the different end-uses of the segment. The market is broken down by end-use, application, and regional markets. revenue forecasts from 2019 to 2025 are given for each major end-use of benzoic acid market, end-use outlook, application outlook, and regional market, and the estimated values are derived from the manufacturers’ total revenues.

The report also includes a discussion of the major players across each of the regional benzoic acid market; it explains the major market drivers of the global benzoic acid market industry, current trends within the industry, major end-use outlooks, application outlook, and the regional dynamics of the global benzoic acid market.

The report concludes with a special focus on the vendor landscape, which includes detailed profiles of the major vendors in the global benzoic acid market.

Report Includes

• 61 tables
• An up-to-date analysis of the global benzoic acid market
• Analyses of the global market trends, with data from 2019, 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2025.
• Estimation of market size and revenue forecast for global benzoic acid market, and corresponding market share analysis by end-use, application, and region for each market segment.
• Highlights of emerging technology trends, gaps and opportunities in the market estimating current and future demand for benzoic acid market, identification of the companies that are best positioned to meet this demand.
• In-depth information (facts and figures) concerning market drivers, restraints and other forces affecting the progress of this market.
• Identification of new product outlooks and application still in the development and their probability of successful commercial launch within the next five years.
• Impact of COVID-19 on the Benzoic acid market as compared to overall global economy.
• Insight into the growth development strategies of major Benzoic acid market manufacturers and their key competitive landscape.
• Descriptive company profiles of the leading market participants, including Wuhan Youji Industries Co., Sinteza s.a, Liao Ning Huayi Chemical Industry & Commerce Co., Tianjin Dongda Chemical Group, Aarti Industries Ltd, Ganesh Benzoplast Limited and Eastman Chemical Company.

Summary

Benzoic acid is a carboxylic acid with several functional properties which include antifungal and antibacterial features, which has escalated its demand in several end-use industries. It is naturally found in many fruits, such as plums, cranberries, prunes, and raspberries. It is widely used in the food and beverage industry along with the chemical and pharmaceutical industries.

The various applications of benzoic acid include sodium benzoates, benzoate plasticizers, benzoyl chloride, alkyd resins, and animal feed additive. The sodium benzoates segment is dominating the market in 2020.