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Benzoic Acid Market by Function (Alkyd Resins, Animal Feed Additive, Benzoate Plasticizers), End-User (Chemical, Food & Beverages, Pharmaceutical) - Global Forecast 2023-2030

Publisher 360iResearch
Published Oct 05, 2023
Length 180 Pages
SKU # IRE18313099

Description

Benzoic Acid Market by Function (Alkyd Resins, Animal Feed Additive, Benzoate Plasticizers), End-User (Chemical, Food & Beverages, Pharmaceutical) - Global Forecast 2023-2030


The Benzoic Acid Market is projected to reach USD 1.84 billion by 2030 from USD 1.04 billion in 2022, at a CAGR of 7.34% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Benzoic Acid Market.
  • Based on Function, market is studied across Alkyd Resins, Animal Feed Additive, Benzoate Plasticizers, Benzoates, and Benzoyl Chloride. The Benzoyl Chloride is projected to witness significant market share during forecast period.
  • Based on End-User, market is studied across Chemical, Food & Beverages, and Pharmaceutical. The Chemical is projected to witness significant market share during forecast period.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.74% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Benzoic Acid Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Benzoic Acid Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Benzoic Acid Market, highlighting leading vendors and their innovative profiles. These include Avantor, Inc., Chemcrux Enterprises Ltd., Eastman Chemical Company, Ganesh Benzoplast Limited, Hemadri Chemicals, Huangshi Taihua Industry Co. Ltd., I G Petrochemicals Ltd., MP Biomedicals, LLC by Valiant Co., Ltd., Reliance Industries Limited, San Fu Chemical Co., Ltd., Sinteza SA, Spectrum Chemical Mfg. Corp., Thermo Fisher Scientific, Inc., Tianjin Dongda Chemical Group Co. Ltd., and Wuhan YouJi Industries Company Limited.

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Benzoic Acid Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Benzoic Acid Market?
  3. What is the competitive strategic window for identifying opportunities in the Benzoic Acid Market?
  4. What are the latest technology trends and regulatory frameworks in the Benzoic Acid Market?
  5. What is the market share of the leading vendors in the Benzoic Acid Market?
  6. Which modes and strategic moves are suitable for entering the Benzoic Acid Market?


Note: PDF & Excel + Online Access - 1 Year

Table of Contents

180 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Benzoic Acid Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing demand for benzoic acid from the food & beverages industry
5.1.1.2. Rising demand of convenience and ready to eat food products
5.1.1.3. Benzoic acid in pharmaceutical preparations
5.1.2. Restraints
5.1.2.1. Fluctuating price of raw material
5.1.3. Opportunities
5.1.3.1. Increasing application in paper industries
5.1.3.2. Rising demand from cosmetic and personal care products
5.1.4. Challenges
5.1.4.1. Regulation regarding the usage of benzoic acid
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Benzoic Acid Market, by Function
6.1. Introduction
6.2. Alkyd Resins
6.3. Animal Feed Additive
6.4. Benzoate Plasticizers
6.5. Benzoates
6.6. Benzoyl Chloride
7. Benzoic Acid Market, by End-User
7.1. Introduction
7.2. Chemical
7.3. Food & Beverages
7.4. Pharmaceutical
8. Americas Benzoic Acid Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Benzoic Acid Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Benzoic Acid Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Avantor, Inc.
12.1.2. Chemcrux Enterprises Ltd.
12.1.3. Eastman Chemical Company
12.1.4. Ganesh Benzoplast Limited
12.1.5. Hemadri Chemicals
12.1.6. Huangshi Taihua Industry Co. Ltd.
12.1.7. I G Petrochemicals Ltd.
12.1.8. MP Biomedicals, LLC by Valiant Co., Ltd.
12.1.9. Reliance Industries Limited
12.1.10. San Fu Chemical Co., Ltd.
12.1.11. Sinteza SA
12.1.12. Spectrum Chemical Mfg. Corp.
12.1.13. Thermo Fisher Scientific, Inc.
12.1.14. Tianjin Dongda Chemical Group Co. Ltd.
12.1.15. Wuhan YouJi Industries Company Limited
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing

Pricing

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