Global Benzoic Acid Market 2019-2023

Global Benzoic Acid Market 2019-2023

About this market

The increasing demand for processed and packaged foods has been one of our key trends in the market due to increasing awareness towards healthy eating and living. The food manufacturers use benzoates as food preservatives to keep packaged foods fresh for long durations. Additionally, the rising consumption of dairy foods and emphasis on food product safety compel food manufacturer to use food preservatives. The use of benzoic acid and its derivative compounds as food preservatives will have a positive influence the global benzoic acid market during the forecast period. Our market research analysts have predicted that the benzoic acid market will register a CAGR of more than 6% by 2023.

Market Overview

High demand for benzoic acid from the food and beverage industry

The increasing need for benzoic acid in food preservative in the food and beverage industry. The increasing demand for processed and package food and beverages has considerably increased the consumption of food preservatives.

Health hazards and environmental effects of benzoic acid

Consumption of highly concentrated benzoic acid is higher concentration can lead to eyes, lungs, and skin, digestive tract, and respiratory tract.

For the detailed list of factors that will drive and challenge the growth of the benzoic acid market during the 2019-2023, view our report.

Competitive Landscape

The benzoic acid market is concentrated since the market has a few vendors that offer limited products with presence of few global and local vendors. The capacity expansions and development of new products such as Emerald Kalama Chemical, a business group of Emerald Performance Materials, announced the completion of its $40-million expansion at its Rotterdam site in the Netherlands. With this expansion, the company increased its production capacity for Purox B, benzoic acid.


  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global benzaldehyde market
      • Table Segments of global benzaldehyde market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Benzoates - Market size and forecast 2018-2023
      • Table Benzoates - Market size and forecast 2018-2023 ($ millions)
      • Table Benzoates - Year-over-year growth 2019-2023 (%)
    • Benzoate plasticizers - Market size and forecast 2018-2023
      • Table Benzoate plasticizers - Market size and forecast 2018-2023 ($ millions)
      • Table Benzoate plasticizers - Year-over-year growth 2019-2023 (%)
    • Alkyd resins - Market size and forecast 2018-2023
      • Table Alkyd resins - Market size and forecast 2018-2023 ($ millions)
      • Table Alkyd resins - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 ($ millions)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Crude oil prices 2010-2017 ($ per barrel)
      • Table Impact of drivers and challenges
  • Market trends
    • Rising demand for processed and packaged food
    • Capacity expansions and development of new products
    • Advances in the recovery of benzoic acid
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Eastman Chemical Company
      • Table Eastman Chemical Company - Vendor overview
      • Table Eastman Chemical Company - Business segments
      • Table Eastman Chemical Company - Organizational developments
      • Table Eastman Chemical Company - Geographic focus
      • Table Eastman Chemical Company - Segment focus
      • Table Eastman Chemical Company - Key offerings
    • Emerald Performance Materials
      • Table Emerald Performance Materials - Vendor overview
      • Table Emerald Performance Materials - Business segments
      • Table Emerald Performance Materials - Organizational developments
      • Table Emerald Performance Materials - Key offerings
    • I G Petrochemicals
      • Table I G Petrochemicals - Vendor overview
      • Table I G Petrochemicals - Business segments
      • Table I G Petrochemicals - Geographic focus
      • Table I G Petrochemicals - Key offerings
    • Liaoning Huayi Chemical Industry & Commerce
      • Table Liaoning Huayi Chemical Industry & Commerce - Vendor overview
      • Table Liaoning Huayi Chemical Industry & Commerce - Product segments
      • Table Liaoning Huayi Chemical Industry & Commerce - Key offerings
    • Tianjin Dongda Chemical Group
      • Table Tianjin Dongda Chemical Group - Vendor overview
      • Table Tianjin Dongda Chemical Group - Key offerings
    • Velsicol Chemical
      • Table Velsicol Chemical - Vendor overview
      • Table Velsicol Chemical - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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