Benzoic Acid Market - Forecast(2022 - 2027)

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Benzoic Acid Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Benzoic Acid Market size is forecast to
  reach 2.4 billion by 2025, after growing at
  a CAGR of 9.5 during 2020-2025. Benzoic acid is
  an aromatic carboxylic acid that is colorless and
  crystalline.
• Benzoic originally was derived from tree resin
  which belonged to the genus Styrax. Benzoic acid
  is commonly used in food and beverage industries
  to preserve foodstuffs. It helps to curb the
  growth of the bacteria and fungi. Even the
  benzoic acid is used as a chemical reagent.

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• Key Takeaways
• Due to its dominance in the application segments
  over the past few years, the benzoic market has
  seen a positive growth and is expected to
  continue to achieve growth at a faster pace
  during the forecast period.
• Replacing phthalate plasticizers with
  non-phthalate plasticizers particularly in
  European as well as North American regions has
  generated a great market opportunity for the
  manufacturers of benzoic acid with growing
  application in the paper industry.

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By Distribution Channel- Segment Analysis Over
the forecast period, the use of benzoic acid in
the preparation of benzoyl chloride and phenols
will also likely remain a major driver for the
global benzoic acid industry. Benzoyl chloride is
the main component in benzyl benzoate processing,
and is used in flavors as well as other uses such
as insect repellents.
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• Benzoic Acid Industry Outlook 
• Emerald Performance Materials
• Tianjin Dongda Chemical Group
• Wuhan Youji Industries Co
• Liao Ning Huayi Chemical Industry Commerce Co
• Ganesh Benzoplast Limited
• Shri Hari Chemicals
• Hebei Smart Chemicals Co. Ltd
• Merck Group

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Benzoic Acid- Forecast(2021 - 2026) Learn More
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• Data Tables
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Reddy Contact (1) 970-236-3677 Email
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