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Benzoic Acid Market Growth, Size, Trends Analysis- By Form, By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Publisher SPER Market Research Pvt. Ltd.
Published Dec 18, 2024
Length 258 Pages
SKU # SPER19505111

Description

Benzoic Acid Market Growth, Size, Trends Analysis- By Form, By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033


Benzoic Acid Market Introduction and Overview

According to SPER Market Research, ‘Benzoic Acid Market Size- By Form, By Application, By End User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Benzoic Acid Market is estimated to reach USD 2282.22 million by 2033 with a CAGR of 5.68%.

Benzoic acid is a crystalline carboxylic acid that has antifungal and antibacterial properties. Numerous end-use industries, including the food, beverage, and chemical sectors, use it. The fruits plum, cranberry, and raspberry are among those that naturally contain benzoic acid. A variety of culinary products, such as fruit juices, pickles, salad dressings, and soft drinks, use the substance as a food preservative. It is anticipated that the food and beverage sectors would need more benzoic acid as the demand for processed and convenience foods grows on a global scale.

Manufacturing activity decreased in the early stages of the pandemic due to restrictions and lockdowns, especially in sectors like food and beverage, textiles, and medicines that commonly use benzoic acid. As a result, the chemical’s demand declined. Additionally, shortages of raw materials, transportation delays, and manufacturing closures affected the global supply chain by raising costs and delaying production.

Scope of the Report:
Report Metric Details Market size available for years 2020-2033 Base year considered 2023 Forecast period 2024-2033 Segments covered By Form, By Application, By End User.

Regions covered
North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.

Companies Covered
Chemcrux Enterprises Ltd, EastMan Chemical Company, Ganesh Benzoplast, Huayin Jinqiancheng Pharmaceutical Co. Ltd, I G Petrochemicals Ltd (IGPL), Lanxess AG, Merck KGaA, The Chemical Company, Wuhan Youji Industry Company Limited, Others.

Benzoic Acid Market Segmentation:

By Form:Based on the Form, Global Benzoic Acid Market is segmented as; Liquid, Anhydrous

By Application:Based on the Application, Global Benzoic Acid Market is segmented as; Sodium Benzoate, Potassium Benzoate, Benzyl Benzoate, Benzoate Plasticizer, Alkyd Resin, Benzoyl Chloride, Feed Additive, Others.

By End User:Based on the End User, Global Benzoic Acid Market is segmented as; Food & Beverages, Chemical Industry, Pharmaceutical Industry, Others

By Region:This research also include data for North America, Europe, Asia-Pacific Middle East & Africa and South America.

Table of Contents

258 Pages
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERs internal database
2.1.4. Premium insight from KOLs
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Benzoic Acid Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTERs Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Benzoic Acid Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Benzoic Acid Market
7. Global Benzoic Acid Market, By Form (USD Million) 2020-2033
7.1. Global Benzoic Acid Market Size, Share and Forecast, By Form, 2020-2026
7.2. Global Benzoic Acid Market Size, Share and Forecast, By Form, 2027-2033
7.3. Liquid
7.4. Anhydrous
8. Global Benzoic Acid Market, By Application (USD Million) 2020-2033
8.1. Global Benzoic Acid Market Size, Share and Forecast, By Application, 2020-2026
8.2. Global Benzoic Acid Market Size, Share and Forecast, By Application, 2027-2033
8.3. Sodium Benzoate
8.4. Potassium Benzoate
8.5. Benzyl Benzoate
8.6. Benzoate Plasticizer
8.7. Alkyd Resin
8.8. Benzoyl Chloride
8.9. Feed Additive
8.10. Others
9. Global Benzoic Acid Market, By End User (USD Million) 2020-2033
9.1. Global Benzoic Acid Market Size, Share and Forecast, By End User, 2020-2026
9.2. Global Benzoic Acid Market Size, Share and Forecast, By End User, 2027-2033
9.3. Food & Beverages
9.4. Chemical Industry
9.5. Pharmaceutical Industry
9.6. Others
10. Global Benzoic Acid Market Forecast, 2020-2033 (USD Million)
10.1. Global Benzoic Acid Market Size and Market Share
11. Global Benzoic Acid Market, By Region, 2020-2033 (USD Million)
11.1. Global Benzoic Acid Market Size and Market Share By Region (2020-2026)
11.2. Global Benzoic Acid Market Size and Market Share By Region (2027-2033)
11.3. Asia-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Qatar
11.5.4. South Africa
11.5.5. Egypt
11.5.6. Morocco
11.5.7. Nigeria
11.5.8. Rest of Middle-East and Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profile
12.1. Chemcrux Enterprises Ltd
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. EastMan Chemical Company
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Ganesh Benzoplast
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. Huayin Jinqiancheng Pharmaceutical Co. Ltd
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. I G Petrochemicals Ltd (IGPL)
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Lanxess AG
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. Merck KGaA
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. The Chemical Company
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Wuhan Youji Industry Company Limited
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links

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