Benzoic Acid Market Size And Share

  • Report Code : TIPRE00004849
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 156
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Benzoic Acid Market Share, Trends, and Analysis by 2028

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Benzoic Acid Market Report Benzoic Acid Market Scope and Analysis Benzoic Acid Market Size and Share

Benzoic Acid Market: Strategic Insights

Benzoic Acid Market

  • CAGR (2021 - 2028)
    5.5%
  • Market Size 2021
    US$ 1.03 Billion
  • Market Size 2028
    US$ 1.5 Billion

Market Dynamics

GROWTH DRIVERS
  • Increase in demand for food preservatives
  • Growth in the use of benzoic acid in food and beverage applications
FUTURE TRENDS
  • Rising demand for benzoic acid as a food preservative
  • Increased use in the pharmaceutical and cosmetic industries
  • Growth in the global food and beverage sector.
OPPORTUNITIES
  • Growth in the food and beverage sector
  • Opportunities in the benzoic acid market for its preservative properties in food products

Key Players

  • Eastman Chemical Company
  • Foodchem International Corporation
  • A M Food Chemical Co Limited
  • OASIS FINE CHEM
  • Spectrum Chemical
  • LANXESS
  • Merck KGaA
  • Tianjin Dongda Chemical Group Co Ltd
  • I G Petrochemicals Ltd IGPL

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Application
  • Food Preservatives
  • Corrosive Inhibitor
  • Alkyd Resins
  • Synthesis Intermediates
  • Plasticizers
  • Feed Additives