Benzoic Acid Market - Forecast(2020 - 2025)

Report Code: CMR 0808 Report Format: PDF + Excel (Delivery in 48 Hrs)
Benzoic Acid Market Overview:
Germany was the largest importer of benzoic acid in 2017, importing quantity of 29,882 tons of benzoic acid. Netherlands was the largest exporter of benzoic acid in 2017, exporting quantity of 83,935 tons followed by china and USA. Asia pacific have the largest market shares for benzoic acid. In Asia Pacific China region contributes the major share. The varying lifestyle and of population and also the increasing industrialization have increased the demand for packaging and processing of food and beverages items in this region and thus increasing the market share.

Benzoic Acid Market Outlook:
Based on applications benzoate plasticizers dominates the benzoic acid market. They are used as an intermediate for producing other organic compounds. Based on end users food & beverages is ruling the benzoic market. Salts of benzoic acid is used as a preservative to hinder fungi and bacteria growth in food and beverages industry. The rising demand of preservatives for improving shelf life of packaged food products is contributing to increase the market share for the benzoic acid market.

Benzoic Acid Market Growth drivers:
The growing demand for benzoic acid from the food and beverages industry is one of the major driver that is contributing to the growth of the benzoic market. Food preservation is necessary inorder to increase the shelf life of the packed food products.

Benzoic Acid Market Challenges:
Benzoic acid is found in processed foods like varying sauce, cheese, meats etc. It is also found in variety of pharmaceutical as well as cosmetic products. Consumption of benzoic acid may cause eye damage and irritation of skin which includes burning sensation, redness etc. This is becoming a challenge for the benzoic market to grow.

Benzoic Acid MarketResearch Scope:
The base year of the study is 2017, with forecast done up to 2023. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Benzoic Acid Market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of plastics in the electric vehicle market, and their specific applications in different types of vehicles.

Benzoic Acid Market Report: Industry Coverage

By Production Method: Friedel-crafts reaction, Grignard reagent

By Application: Animal feed additive, Drilling mud additive, Benzoate plasticizers, Benzoates, Alkyd resins, Benzoyl chloride

By End User (Chemical, Plastics, Food & Beverages, Pharmaceutical

Benzoic Acid Marketreport also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:
  • North America: The U.S., Canada, Mexico
  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
  • Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Benzoic Acid Market Key Players Perspective:
Some of the Key players in this market include: Emerald Kalama Chemical, Huayin Jinqiancheng, Fushimi, Wuhan Youji Industries, Nantong Haiers, Chemcruz Enterprises Ltd.,   Novaphene, San Fu, Sinteza SA, Huangshitaihua Industry, Srihari Chemicals, and others.

Market Research and Market Trends of Benzoic Acid Market
  • There is always a contradiction in effects of benzoic acid and its derivatives and their safety level. Generally benzoic acid and its related compound is recognized as safe. Use of benzoic acid as flavoring agent in foods, pharmaceutical, hygiene products and cosmetics by FDA/USDA and FAO/WHO.
  • The benzoic acid market has observed a substantial growth since past few years and it is expected to increase it demand in future. Booming food and beverage industry is contributing to the growth of benzoic acid market. It is used as an antifungal agent in food and beverages industry. Additionally it is used in improving the shelf life of food product packaging. This is constantly increasing the demand for benzoic market.
  • Strict government regulations in developed countries is which can be a restriction for the benzoic acid market to grow. Additionally adverse health effect that is coupled with benzoic acids that includes eye damage, digestive tracts etc. can be an obstacle for the benzoic acid market to grow.
1. Benzoic Acid Market- Overview
1.1. Definitions and Scope
2. Benzoic Acid Market- Executive summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by type of Application
2.3. Key Trends segmented by Geography
3. Benzoic Acid Market-Comparative analysis
3.1.1. Product Benchmarking - Top 10 companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value split by Top 10 companies
3.1.4. Patent Analysis - Top 10 companies
3.1.5. Pricing Analysis 
4. Benzoic Acid Market– Startup companies Scenario Premium
4.1. Top 10 startup company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Benzoic Acid Market– Industry Market Entry Scenario Premium
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing business index
5.3. Case studies of successful ventures
5.4. Customer Analysis – Top 10 companies
6. Benzoic Acid Market- Market Forces
6.1. Drivers
6.2. Constraints
6.3. Challenges
6.4. Porters five force model
6.4.1. Bargaining power of suppliers
6.4.2. Bargaining powers of customers
6.4.3. Threat of new entrants
6.4.4. Rivalry among existing players
6.4.5. Threat of substitutes 
7. Benzoic Acid Market-Strategic analysis
7.1. Value chain analysis
7.2. Opportunities analysis
7.3. Product life cycle
8. Benzoic Acid Market– By Production Method (Market Size -$Million / $Billion)
8.1. Segment type Size and Market Share Analysis 
8.2. Application Revenue and Trends by Type of Production Method
8.3. Application Segment Analysis by Type
8.3.1. Friedel-crafts reaction
8.3.2. Grignard reagent
9. Benzoic Acid Market – By Application (Market Size -$Million / $Billion)
9.1. Animal feed additive
9.2. Benzoate plasticizers
9.3. Benzoates
9.4. Alkyd resins
9.5. Benzoyl chloride
9.6. Drilling mud additive
10. Benzoic Acid Market – By End User (Market Size -$Million / $Billion)
10.1. Market Size and Market Share Analysis 
10.2. Application Revenue and Trend Research by type of End User
10.3. Product Segment Analysis
10.3.1. Chemical
10.3.2. Plastics
10.3.3. Pharmaceutical
10.3.4. Food & Beverages
11. Benzoic Acid - By Geography (Market Size -$Million / $Billion)
11.1. Benzoic Acid Market - North America Segment Research
11.2. North America Market Research (Million / $Billion)
11.2.1. Segment type Size and Market Size Analysis 
11.2.2. Revenue and Trends
11.2.3. Application Revenue and Trends by type of Application
11.2.4. Company Revenue and Product Analysis
11.2.5. North America Product type and Application Market Size U.S. Canada Mexico Rest of North America
11.3. Benzoic Acid - South America Segment Research
11.4. South America Market Research (Market Size -$Million / $Billion)
11.4.1. Segment type Size and Market Size Analysis 
11.4.2. Revenue and Trends
11.4.3. Application Revenue and Trends by type of Application
11.4.4. Company Revenue and Product Analysis
11.4.5. South America Product type and Application Market Size Brazil Venezuela Argentina Ecuador Peru Colombia Costa Rica Rest of South America
11.5. Benzoic Acid - Europe Segment Research
11.6. Europe Market Research (Market Size -$Million / $Billion)
11.6.1. Segment type Size and Market Size Analysis 
11.6.2. Revenue and Trends
11.6.3. Application Revenue and Trends by type of Application
11.6.4. Company Revenue and Product Analysis
11.6.5. Europe Segment Product type and Application Market Size U.K Germany Italy France Netherlands Belgium Spain Denmark Rest of Europe
11.7. Benzoic Acid – APAC Segment Research
11.8. APAC Market Research (Market Size -$Million / $Billion)
11.8.1. Segment type Size and Market Size Analysis 
11.8.2. Revenue and Trends
11.8.3. Application Revenue and Trends by type of Application
11.8.4. Company Revenue and Product Analysis
11.8.5. APAC Segment – Product type and Application Market Size China Australia Japan South Korea India Taiwan Malaysia
12. Benzoic Acid Market - Entropy
12.1. New product launches
12.2. M&A's, collaborations, JVs and partnerships
13. Benzoic Acid Market – Industry / Segment Competition landscape Premium
13.1. Market Share Analysis
13.1.1. Market Share by Country- Top companies
13.1.2. Market Share by Region- Top 10 companies
13.1.3. Market Share by type of Application – Top 10 companies
13.1.4. Market Share by type of Product / Product category- Top 10 companies
13.1.5. Market Share at global level- Top 10 companies
13.1.6. Best Practises for companies
14. Benzoic Acid Market – Key Company List by Country Premium
15. Benzoic Acid Market Company Analysis
15.1. Market Share, Company Revenue, Products, M&A, Developments
15.2. Emerald Kalama Chemical
15.3. Huayin Jinqiancheng
15.4. Fushimi
15.5. Wuhan Youji Industries
15.6. Nantong Haiers
15.7. Chemcruz Enterprises Ltd.
15.8. Novaphene
15.9. San Fu
15.10. Sinteza SA
15.11. Huangshitaihua Industry
15.12. Company 11
15.13. Company 12
15.14. Company 13 and more
"*Financials would be provided on a best efforts basis for private companies"
16. Benzoic Acid Market -Appendix
16.1. Abbreviations
16.2. Sources
17. Benzoic Acid Market -Methodology Premium
17.1. Research Methodology
17.1.1. Company Expert Interviews
17.1.2. Industry Databases
17.1.3. Associations
17.1.4. Company News
17.1.5. Company Annual Reports
17.1.6. Application Trends
17.1.7. New Products and Product database
17.1.8. Company Transcripts
17.1.9. R&D Trends
17.1.10. Key Opinion Leaders Interviews
17.1.11. Supply and Demand Trends