1h Free Analyst Time
The benzoic acid market is forecasted to grow by USD 245.5 million during 2023-2028, accelerating at a CAGR of 6.94% during the forecast period. The report on the benzoic acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand for benzoic acid from food and beverage industry, extensive use of benzoic acid in apac, and increasing demand for non-phthalate plasticizers.
The benzoic acid market is segmented as below:
By Application
- Benzoates
- Benzoate plasticizers
- Alkyd resins
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
The report on the benzoic acid market covers the following areas:
- Benzoic acid market sizing
- Benzoic acid market forecast
- Benzoic acid market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global benzoic acid market: Aarti Industries Ltd., Chemcrux Enterprises Ltd., Eastman Chemical Co., FUSHIMI Pharmaceutical Co. Ltd., Ganesh Benzoplast Ltd., GFS Chemicals Inc., Hemadri Chemicals, IG Petrochemicals Ltd., Merck and Co. Inc., MP Biomedicals Inc., Navyug Pharmachem Pvt. Ltd., Pat Impex, Premier Group Of Industries, Shri Hari Chemicals, Smart Chemicals Group Co. Ltd., Swastik Industries, The Chemical Co., Thermo Fisher Scientific Inc., Tianjin Dongda Chemical Group Co. Ltd, and Velsicol Chemical LLC.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising demand for processed and packaged food."
According to the report, one of the major drivers for this market is the high demand for benzoic acid from food and beverage industry.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aarti Industries Ltd.
- Chemcrux Enterprises Ltd.
- Eastman Chemical Co.
- FUSHIMI Pharmaceutical Co. Ltd.
- Ganesh Benzoplast Ltd.
- GFS Chemicals Inc.
- Hemadri Chemicals
- IG Petrochemicals Ltd.
- Merck and Co. Inc.
- MP Biomedicals Inc.
- Navyug Pharmachem Pvt. Ltd.
- Pat Impex
- Premier Group Of Industries
- Shri Hari Chemicals
- Smart Chemicals Group Co. Ltd.
- Swastik Industries
- The Chemical Co.
- Thermo Fisher Scientific Inc.
- Tianjin Dongda Chemical Group Co. Ltd
- Velsicol Chemical LLC