Global Benzoic Acid Market Report By Application (Preservatives, Sodium & Potassium Benzoate, Benzoyl Chloride, Benzoate Plasticizers, Alkyd Resins, Animal Feed) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026
ID:VMR11210005
January 2020
Report Formats:

The Growing demand for food preservation to enhance the shelf life of the packaged food is likely to fuel the market growth. The market is also expected to witness significant growth during the forecast period owing to its growing widespread applications in the production of sodium and potassium benzoate, Benzoyl Chloride and other derivatives. Also, growing usage of benzoic acid across other application such as adhesives, PVC, urethane resins, as high functional plasticizers is again boosting the market growth.

According to the Value Market Research, the Benzoic Acid Market is estimated to reach USD 1,450.4 MN by 2024 (by revenue) with a CAGR of 4.8%. In terms of volume, the market was estimated at XX.X KT in 2017 and is expected to reach XX.X KT by 2024 with a CAGR of X.X%.
 
RISING DEMAND FROM THE FOOD INDUSTRY HAS EMERGED AS THE LARGEST APPLICATION AREA
Potassium benzoate and Sodium benzoate are salt of benzoic acid and have extensive application in food preservation to improve product safety, maintain product quality and to extend product shelf-life. They are expected to bring nearly 682.63 USD MN by 2024. Sodium benzoate is also used as a preservative in cosmetics and medicines. The growing demand from the food industry is the major driving factor for the benzoate industry. Other industries that include pharmaceutical and cosmetic industries are also expected to boost demand for benzoates in the market. Moreover, rising applications of synthetic preservatives in poultry and meat is another key factor contributing towards the positive market growth.
 
ASIA-PACIFIC IS RULING THE GLOBAL BENZOIC ACID MARKET
Asia Pacific dominates the benzoic acid market and is expected to maintain its dominance over the forecast period. The growth of the benzoic acid market in this region is primarily driven by an increase in per-capita disposable income levels along with shifting trend towards processed and packaged foods and ready-to-drink beverages particularly in countries like China and India. This has boosted the need for packaged food and beverage products. This benefit the regional market since benzoic acid acts as a preservative by inhibiting the growth of food pathogens. The rise in phenol production coupled with growth in end-use industries such as food & beverages, personal care, and pharmaceuticals is anticipated to drive the market growth during the forecast period.
 
PROMINENT PLAYERS
Emerald Kalama, Hubei Phoenix, Fushimi, Nantong Haiers, Huayin Jin Qian Cheng, San Fu, and Wuhan Youji Industries

As per this study, the global benzoic acid market was valued USD X,XXX.X MN (by revenue) in 2019 and is anticipated to reach USD X,XXX.X MN by 2026 with a CAGR of X.X%. By volume, the market was estimated at XX.X KT in 2019 and is expected to reach XX.X KT by 2026 with a CAGR of X.X%.
 
Benzoic acid is a naturally occurring as well as synthetically produced substance. It is the simplest member of the aromatic carboxylic acid family which comprises antifungal and antiseptic properties. Benzoic acid and its derivates such as salts, alkyl esters, benzyl alcohol, benzaldehyde, and benzoyl peroxide, are commonly used as antibacterial and antifungal preservatives and as flavoring agents in food, cosmetic, hygiene, and pharmaceutical products.
 
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.
 
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 Market Share 2019
 
Benzoic Acid Market By Application
 
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.
 
Europe Benzoic Acid Market By Revenue (USD MN)
 
Europe Benzoic Acid Market By Revenue
 
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.
 
Major Company Players Market Share
 
Major Players of Benzoic Acid Market
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand. 

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Benzoic Acid Market
       2.2. Global Benzoic Acid Market Snapshot
 
3 . BENZOIC ACID – INDUSTRY ANALYSIS
       3.1. Introduction
       3.2. Market Drivers of Benzoic Acid Market
       3.3. Market Restraints of Benzoic Acid Market
       3.4. Opportunities of Benzoic Acid Market
       3.5. Trends of Benzoic Acid Market
       3.6. Porter’s Five Force Analysis of Benzoic Acid Market
       3.7. Benzoic Acid Market Attractiveness Analysis
           3.7.1 Market Attractive Analysis by Application
           3.7.2 Market Attractive Analysis by Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Benzoic Acid Value Chain Analysis
       4.2. Benzoic Acid Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Benzoic Acid Raw Material Manufactures List
           4.2.3. Price Trend of Benzoic Acid Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . GLOBAL BENZOIC ACID MARKET ANALYSIS BY APPLICATION
       5.1 Overview by Application
       5.2 Global Benzoic Acid Market Analysis by Application
       5.3 Market Analysis of Preservatives by Regions
       5.4 Market Analysis of Sodium & Potassium Benzoate by Regions
       5.5 Market Analysis of Benzoyl Chloride by Regions
       5.6 Market Analysis of Benzoate Plasticizers by Regions
       5.7 Market Analysis of Alkyd Resins by Regions
       5.8 Market Analysis of Animal Feed by Regions
       5.9 Market Analysis of Others (Including Medicinal, Etc.) by Regions
 
6 . GLOBAL BENZOIC ACID MARKET ANALYSIS BY GEOGRAPHY
       6.1. Regional Outlook
       6.2. Introduction
       6.3. North America
           6.3.1. Overview
           6.3.2. North America Benzoic Acid Market Estimate by Market Segment
           6.3.3. North America Benzoic Acid Market Estimate by Country
           6.3.4. United State
           6.3.5. Rest of North America
       6.4. Europe
           6.4.1. Overview
           6.4.2. Europe Benzoic Acid Market Estimate by Market Segment
           6.4.3. Europe Benzoic Acid Market Estimate by Country
           6.4.4. United Kingdom
           6.4.5. France
           6.4.6. Germany
           6.4.6 Rest of Europe
       6.5. Asia Pacific
           6.5.1. Overview
           6.5.2. Asia Pacific Benzoic Acid Market Estimate by Market Segment
           6.5.3. Asia Pacific Benzoic Acid Market Estimate by Country
           6.5.4. China
           6.5.5. Japan
           6.5.6. India
           6.5.6. Rest of Asia Pacific
       6.6. Latin America
           6.6.1. Overview
           6.6.2. Latin America Benzoic Acid Market Estimate by Market Segment
           6.6.3. Latin America Benzoic Acid Market Estimate by Country
           6.6.4. Brazil
           6.6.5. Rest of Latin America
       6.7. Middle East & Africa
           6.7.1. Overview
           6.7.2. Middle East & Africa Benzoic Acid Market Estimate by Market Segment
           6.7.3. Middle East & Africa Benzoic Acid Market Estimate by Country
           6.7.4. Middle East
           6.7.5. Africa
 
7 . COMPETITIVE LANDSCAPE OF THE BENZOIC ACID COMPANIES
       7.1. Benzoic Acid Market Competition
       7.2. Partnership/Collaboration/Agreement
       7.3. Merger And Acquisitions
       7.4. New Product Launch
       7.5. Other Developments
 
8 . COMPANY PROFILES OF BENZOIC ACID INDUSTRY
       8.1. Company Share Analysis
       8.2. Market Concentration Rate
       8.3. Emerald Kalama
           8.3.1. Company Overview
           8.3.2. Financials
           8.3.3. Products
           8.3.4. Recent Developments
       8.4. Fushimi
           8.4.1. Company Overview
           8.4.2. Financials
           8.4.3. Products
           8.4.4. Recent Developments
       8.5. Huayin Jin Qian Cheng
           8.5.1. Company Overview
           8.5.2. Financials
           8.5.3. Products
           8.5.4. Recent Developments
       8.6. Hubei Phoenix
           8.6.1. Company Overview
           8.6.2. Financials
           8.6.3. Products
           8.6.4. Recent Developments
       8.7. Nantong Haiers
           8.7.1. Company Overview
           8.7.2. Financials
           8.7.3. Products
           8.7.4. Recent Developments
       8.8. San Fu
           8.8.1. Company Overview
           8.8.2. Financials
           8.8.3. Products
           8.8.4. Recent Developments
       8.9. Wuhan Youji Industries
           8.9.1. Company Overview
           8.9.2. Financials
           8.9.3. Products
           8.9.4. Recent Developments
 
9.  IMPACT ANALYSIS OF COVID-19 OUTBREAK
       9.1. Impact Analysis of Covid-19 Outbreak on the Market
           9.1.1. Direct Impact on Production
           9.1.2. Supply Chain and Market Disruption
           9.1.3. Financial Impact on Firms and Financial Markets
       9.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       9.3. Pre V/S Post COVID-19 Market
       9.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Market Size in 2020, by Scenario
       9.5. COVID-19: Micro and Macro Factor Analysis on the Market
    
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 
LIST OF TABLES

  •  Global Market Snapshot
  •  Drivers of the Global Market Impact Analysis
  •  Restraints of the Global Market Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers 
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19 Market
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic On The Market Size In 2020, By Scenario
  •  COVID-19: Micro and Macro Factor Analysis on the Market
  •  Global Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Global Benzoic Acid Market Analysis by Application (USD MN)
  •  Global Benzoic Acid Market Analysis in Preservatives by Geography (Kilo Tons)
  •  Global Benzoic Acid Market Analysis in Preservatives by Geography (USD MN)
  •  Global Benzoic Acid Market Analysis in Sodium & Potassium Benzoate by Geography (Kilo Tons)
  •  Global Benzoic Acid Market Analysis in Sodium & Potassium Benzoate by Geography (USD MN)
  •  Global Benzoic Acid Market Analysis in Benzoyl Chloride by Geography (Kilo Tons)
  •  Global Benzoic Acid Market Analysis in Benzoyl Chloride by Geography (USD MN)
  •  Global Benzoic Acid Market Analysis in Benzoate Plasticizers by Geography (Kilo Tons)
  •  Global Benzoic Acid Market Analysis in Benzoate Plasticizers by Geography (USD MN)
  •  Global Benzoic Acid Market Analysis in Alkyd Resins by Geography (Kilo Tons)
  •  Global Benzoic Acid Market Analysis in Alkyd Resins by Geography (USD MN)
  •  Global Benzoic Acid Market Analysis in Animal Feed by Geography (Kilo Tons)
  •  Global Benzoic Acid Market Analysis in Animal Feed by Geography (USD MN)
  •  Global Benzoic Acid Market Analysis in Others (Including Medicinal, Etc.) by Geography (Kilo Tons)
  •  Global Benzoic Acid Market Analysis in Others (Including Medicinal, Etc.) by Geography (USD MN)
  •  Global Benzoic Acid Market by Geography (Kilo Tons)
  •  Global Benzoic Acid Market by Geography (USD MN)
  •  North America Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  North America Benzoic Acid Market Analysis by Application (USD MN)
  •  North America Benzoic Acid Market Estimate by Country (Kilo Tons)
  •  North America Benzoic Acid Market Estimate by Country (USD MN)
  •  United State Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  United State Benzoic Acid Market Analysis by Application (USD MN)
  •  Rest of North America Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Rest of North America Benzoic Acid Market Analysis by Application (USD MN)
  •  Europe Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Europe Benzoic Acid Market Analysis by Application (USD MN)
  •  Europe Benzoic Acid Market Estimate by Country (Kilo Tons)
  •  Europe Benzoic Acid Market Estimate by Country (USD MN)
  •  United Kingdom Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  United Kingdom Benzoic Acid Market Analysis by Application (USD MN)
  •  France Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  France Benzoic Acid Market Analysis by Application (USD MN)
  •  Germany Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Germany Benzoic Acid Market Analysis by Application (USD MN)
  •  Rest of Europe Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Rest of Europe Benzoic Acid Market Analysis by Application (USD MN)
  •  Asia Pacific Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Asia Pacific Benzoic Acid Market Analysis by Application (USD MN)
  •  Asia Pacific Benzoic Acid Market Estimate by Country (Kilo Tons)
  •  Asia Pacific Benzoic Acid Market Estimate by Country (USD MN)
  •  China Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  China Benzoic Acid Market Analysis by Application (USD MN)
  •  Japan Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Japan Benzoic Acid Market Analysis by Application (USD MN)
  •  India Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  India Benzoic Acid Market Analysis by Application (USD MN)
  •  Rest of Asia Pacific Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Rest of Asia Pacific Benzoic Acid Market Analysis by Application (USD MN)
  •  Latin America Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Latin America Benzoic Acid Market Analysis by Application (USD MN)
  •  Latin America Benzoic Acid Market Estimate by Country (Kilo Tons)
  •  Latin America Benzoic Acid Market Estimate by Country (USD MN)
  •  Brazil Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Brazil Benzoic Acid Market Analysis by Application (USD MN)
  •  Rest of Latin America Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Rest of Latin America Benzoic Acid Market Analysis by Application (USD MN)
  •  Middle East & Africa Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Middle East & Africa Benzoic Acid Market Analysis by Application (USD MN)
  •  Middle East & Africa Benzoic Acid Market Estimate by Country (Kilo Tons)
  •  Middle East & Africa Benzoic Acid Market Estimate by Country (USD MN)
  •  Middle East Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Middle East Benzoic Acid Market Analysis by Application (USD MN)
  •  Africa Benzoic Acid Market Analysis by Application (Kilo Tons)
  •  Africa Benzoic Acid Market Analysis by Application (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
  •  Research Scope of Benzoic Acid Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Benzoic Acid Market Size, by Region (2019)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Benzoic Acid Market Analysis by Application
  •  Global Benzoic Acid Market Analysis in Preservatives by Region
  •  Global Benzoic Acid Market Analysis in Sodium & Potassium Benzoate by Region
  •  Global Benzoic Acid Market Analysis in Benzoyl Chloride by Region
  •  Global Benzoic Acid Market Analysis in Benzoate Plasticizers by Region
  •  Global Benzoic Acid Market Analysis in Alkyd Resins by Region
  •  Global Benzoic Acid Market Analysis in Animal Feed by Region
  •  Global Benzoic Acid Market Analysis in Others (Including Medicinal, Etc.) by Region
  •  Global Benzoic Acid Market by Volume And Revenue
  •  North America Benzoic Acid Market by Volume And Revenue
  •  Europe Benzoic Acid Market by Volume And Revenue
  •  Asia Pacific Benzoic Acid Market by Volume And Revenue
  •  Latin America Benzoic Acid Market by Volume And Revenue
  •  Middle East & Africa Benzoic Acid Market by Volume And Revenue
  •  Recent Development in Benzoic Acid Industry
  •  Company Market Share Analysis, 2019
 
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

Objectives of Study

  • Define and measure the global market
  • Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
  • Study the company profiles of the major market players with their market share
  • Analyze competitive developments

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