The Global Benzoic Acid Market size is expected to grow from USD 1.05 billion in 2022 to USD 1.59 billion by 2028, registering a CAGR of 5% during the forecast period. Benzoic acid is a carboxylic acid with a variety of functions, including antifungal and antimicrobial properties, and is in increasing demand in many end-use industries. It is naturally found in a variety of fruits, including plums, cranberries, plums, and raspberries. It is mainly used in the food and beverage industry, as well as in the chemical and pharmaceutical industries.
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Top Major Key Players
Emerald Performance Materials
I G Petrochemicals Ltd. (IGPL)
Merck KGaA
Chemcrux Enterprises Ltd
The Chemical Company
Application Type
Sodium Benzoates
Benzoate plasticizers
Benzoyl Chloride
Alkyd Resins
Animal Feed Additive
By End-Use
Food & Beverages
Chemical industry
Pharmaceuticals
others
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Scope of the Report
The research study analyzes the global Benzoic Acid Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Benzoic Acid Market Report
1. What was the Benzoic Acid Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Benzoic Acid Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Benzoic Acid Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Benzoic Acid market.
• The market share of the global Benzoic Acid market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Benzoic Acid market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Benzoic Acid market.
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