Benzoic Acid Market Analysis | Global Demand & Future Outlook By 2031

The Global Benzoic Acid Market is expected to reach CAGR during the forecast period 2024-2031.

Benzoic Acid Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.

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Market Overview:

Benzoic Acid is a white, crystalline organic compound commonly used as a food preservative and in the manufacture of various chemicals. It helps prevent the growth of mold, yeast, and some bacteria, making it essential in food preservation and pharmaceutical industries.

List of the Key Players in the Benzoic Acid Market:

LANXESS, Eastman Chemical Company, Merck KGaA, IG Petrochemicals Ltd. (IGPL), Chemcrux Enterprises Ltd, Wuhan Youji Industries Co., Tianjin Dongda Chemical Group, ITW Reagents Division, The Chemical Company, and Sinteza SA

Benzoic Acid Market Development:

In August 2021, LANXESS acquired Emerald Kalama Chemical, a U.S.-based specialty chemicals manufacturer. This acquisition aims to strengthen LANXESS's market position by expanding into high-margin application areas, especially within the food and beverage, cosmetics, and cleaning product sectors.

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Segment Covered in the Benzoic Acid Market:

By Source: Natural, Synthetic

By Grade: Food Grade, Pharma Grade, Others

By Application: Benzoates (Sodium Benzoate, Benzyl Benzoate), Benzoyl Chloride, Benzoyl Peroxide, Alkyd Resins, Others

By End-User: Food & Beverages, Pharmaceutical, Personal Care & Cosmetics, Agriculture, Chemical, Others

Regional Analysis for Benzoic Acid Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What are the global sales, production, consumption, import, and export figures for the Benzoic Acid market?

➠ Who are the key global manufacturers, and how are they performing operationally?

➠ What opportunities and risks do vendors face in the Benzoic Acid market?

➠ Which product types or end-users show the most growth potential, and what are their market shares?

➠ What factors are driving or limiting growth in the Benzoic Acid market?

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