Press release
Benzoic Acid Market Report By Application & Regional Analysis 2024
According to the global Benzoic Acid Market report published by Value Market Research, the market is expected to touch USD 1,450.4 Million by 2024, with a CAGR of 4.8% growing from USD 1,031.8 Million in 2017.
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the benzoic acid market includes Emerald Kalama, Fushimi, Huayin Jin Qian Cheng, Hubei Phoenix, Nantong Haiers, San Fu, and Wuhan Youji Industries. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
Get more information on "Global Benzoic Acid Market Research Report" by requesting FREE Sample Copy at: https://www.valuemarketresearch.com/contact/benzoic-acid-market/download-sample
Market Dynamics
Benzoic acid and its salts are essential preservatives in the food and beverage industry. Growing demand for food preservation to enhance the shelf life of the packaged food is likely to fuel the market growth. The market is expected to witness significant growth during the forecast period owing to its widespread applications in the production of sodium and potassium benzoate, Benzoyl Chloride and other derivatives. On the other hand, fluctuating prices of raw material may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of benzoic acid.
Browse Global Benzoic Acid Market Research Report with detailed TOC at: https://www.valuemarketresearch.com/report/benzoic-acid-market
Market Segmentation
The broad benzoic acid market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Application
• Preservatives
• Sodium & Potassium Benzoate
• Benzoyl Chloride
• Benzoate Plasticizers
• Alkyd Resins
• Animal Feed
• Others (Including Medicinal, Etc.)
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for benzoic acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Purchase complete Global Benzoic Acid Market Research Report at: https://www.valuemarketresearch.com/contact/benzoic-acid-market/buy-now
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We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.
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Benzoic acid is a crystalline and colorless aromatic carboxylic acid with chemical formula C6H5COOH. Initially, Benzoic acid was obtained from resin of trees belonging to the Styrax genus, also known as gum benzoin. Benzoic acid is widely used as a preservative to inhibit the growth of bacteria and fungi in the food and beverages industry. This odorless chemical is also used as a chemical reagent.
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Benzoic acid and its salts used…
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