Extensive use of benzoic acid in APAC, growing demand for preservatives to improve the shelf life of the products, coupled with the growth in the food & beverage industry, are key factors contributing to the high CAGR of Benzoic acid Market during the forecast period.
The Global Benzoic Acid Market size is expected to grow from USD 1.05 billion in 2019 to USD 1.59 billion by 2027, registering a CAGR of 5.4% during the forecast period.
The latest report titled “Global Benzoic Acid Market Report” offers comprehensive and extensive research on the Benzoic Acid market, covering a deeper analysis of the production and application scope. The report on the global Benzoic Acid market added by Reports and Data provides extensive insights into the industry trends and market drivers. The report provides an extensive understanding of the market dynamics along with limitations, threats, and the potential growth opportunities in the Benzoic Acid market. The report provides answers to crucial questions pertaining to the growth of the industry and offers an accurate forecast estimation of the market growth and market size.
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Key Players Operating in the Global Market:
Wuhan Youji Industries Co. (China), Tianjin Dongda Chemical Group (China), Liao Ning Huayi Chemical Industry & Commerce Co. (China), Ganesh Benzoplast Limited (India), Aarti Industries Ltd (India), Sinteza s.a (Europe), Eastman Chemical Company (U.S.), Emerald Performance Materials (U.S.), and Wuhan Di Branch Chemical Co., Ltd (China).
The report provides an in-depth analysis of the competitive landscape of the industry with a deeper analysis of the profile of key market players. The report covers a comprehensive analysis of the competitive scenario with regards to mergers & acquisitions, joint ventures, partnerships, collaborations, and other strategic alliances. It also provides a detailed overview of the technological and product advancements of the market, such as product launches, brand promotions, and expansion of the product portfolio. The growing need for high diversification of the product is projected to add to the market demand.
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The report covers an extensive SWOT analysis and Porter’s Five Forces analysis to offer crucial insights into the companies operating in the market. The report offers a competitive edge to the readers and businesses. The report offers crucial insights into the segments to provide a thorough analysis that can help the businesses formulate strategic business decisions and market expansion strategies.
Application Industry Outlook (Revenue in USD Million; Volume in Tons, 2017–2027)
- Sodium Benzoates
- Benzoate plasticizers
- Benzoyl Chloride
- Alkyd Resins
- Animal Feed Additive
End-Use Outlook (Revenue in USD Million; Volume in Tons, 2017–2027)
- Chemicals Industry
- Food and Beverage
- Pharmaceuticals Industry
- Others
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The report provides extensive coverage of investment opportunities, threats, opportunities, market trends, technological advancements, revenue share, market size, growth restraining and driving factors, technological advancements, and regional growth. Based on the regional bifurcation, the market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
The global Benzoic Acid market report covers extensive details about the production and consumption pattern, supply and demand ratio, sales, market share and size, and the existence of key players in each region. The report also offers an accurate forecast of major regions of the industry that are predicted to show lucrative growth over the coming years.
Major Regions Analyzed in Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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