Benzoic Acid Market | Analysis, Latest Trends and Regional Growth Forecast by Types and Applications 2018

Industry/ Innovation/ Related News:

December 16, 2016- Speciality chemicals producer Emerald Kalama Chemical, part of US-based Emerald Performance Materials, expanded the production capacity in Rotterdam (The Netherlands). The expansion undertaken by investing USD 40 million to raise the production of benzoic acid.

February 2, 2015- Emerald Kalama Chemical which is part of Emerald Performance Materials, has complete the first activity of their long term expansion phase by expanding 30 KT production of benzoic acid. The expansion has undertaken for large scale expansion of Purox® S sodium benzoate.

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July 22, 2016 Emerald Performance Materials announced benzoic acid purification and finiofshing process at its main production plant in Rotterdam, Netherlands. The new process will add an additional 100,000 metric tons per year capacity of high purity benzoic acid.

July 6, 2015- Emerald Kalama Chemical, has acquired acquisition of Innospec Widnes Limited (“Widnes”). The company known for its prominence in benzoic acid businesses and undertaken this acquisition to widen their footprints in same business segment. The acquisition is the latest in a series of key strategic investments the company has made to expand these core product platforms targeted for food and beverage, consumer and industrial applications.

Benzoic Acids Market- Competitive Landscape

The Global Benzoic Acid Market consist of large number of manufacturers including large scale along with more number of small scale manufacturers. Due to which the nature of thi8s market emerged as moderate and is expected to remain same driven by the growth offered by this market. The key markets players operating in this market are Hubei Smart Chemicals Co.,Ltd, Emerald Performance Materials LLC, Novaphene specialties pvt ltd, Shri Hari Chemicals, Chemcrux Enterprises, Apollo Scientific, and Merck Group. Majority of the players operating across the globe are small scale and competing amongst each other to strengthen their footprint. However, the degree of competition observed by the industry experts is moderate, but the market scenario may change in the coming year by increasing level of competition.

The Global Benzoic Acid Market majorly undergoing the expansion activities by key market participants to bridge gap between demand and supply. Benzoic Acid growth is also dependable on global export, wherein China is considered as key exporter and expected to complement the global demand. In the coming years the market is likely to register acquisition and partnership agreements among industry players to increase the market penetration and exploit untapped markets.

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