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.
- 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
Research Assistance
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