#Benzoyl Chloride market

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Benzoyl Chloride Prices, News, Trend, Graph, Chart, Forecast and Historical

The Global Benzoyl Chloride market has witnessed fluctuations in pricing over the years due to various factors, ranging from raw material availability and manufacturing costs to demand from end-use industries. Benzoyl chloride, a colorless, fuming liquid, plays a vital role in the chemical industry as a precursor in the production of a wide range of organic compounds, including pharmaceuticals, agrochemicals, and plastics. Its use as a key intermediate in the synthesis of benzoyl peroxide, a widely used initiator in polymerization processes, further drives its demand in diverse sectors. The pricing trends of benzoyl chloride are closely tied to the dynamics of supply and demand, environmental regulations, and technological advancements in production methods.

One of the primary factors influencing benzoyl chloride prices is the fluctuation in raw material costs. The main feedstock for benzoyl chloride production is toluene, a widely used petrochemical. Toluene prices are impacted by the overall trends in the crude oil market, as it is derived from refining petroleum. Changes in oil prices, often driven by geopolitical events, supply chain disruptions, or shifts in market demand, significantly affect the production costs of toluene and, in turn, the cost of benzoyl chloride. When oil prices rise, it leads to higher costs for both toluene and benzoyl chloride, resulting in price hikes in the benzoyl chloride market. Conversely, a drop in oil prices can lead to lower production costs and subsequently a decrease in benzoyl chloride prices.

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Environmental regulations are another critical aspect influencing the benzoyl chloride market. As global awareness of environmental concerns grows, stricter regulations around chemical manufacturing processes have been put in place, pushing manufacturers to adopt greener, more sustainable production methods. The production of benzoyl chloride, particularly through older, less efficient methods, can release harmful byproducts, necessitating investments in cleaner technologies and pollution control. These regulatory pressures can lead to increased production costs, thus driving up the price of benzoyl chloride. Manufacturers who comply with these regulations often face higher operational expenses, which they pass on to consumers through higher prices for their products.

Demand from end-user industries also plays a vital role in shaping benzoyl chloride prices. The pharmaceutical industry, which relies on benzoyl chloride for the synthesis of compounds like benzoyl peroxide and other intermediates, has seen consistent growth, particularly in emerging markets. As the global healthcare landscape continues to expand, so does the need for benzoyl chloride. In addition to pharmaceuticals, benzoyl chloride is heavily used in the production of agrochemicals, including pesticides and herbicides. The increasing demand for food production and protection from pests has driven up the need for these chemicals, thus impacting the benzoyl chloride market. Additionally, as the demand for plastics and polymers continues to rise, particularly in the packaging industry, benzoyl chloride’s role in polymerization processes has further contributed to its growing demand.

Technological advancements have the potential to ease the price pressures faced by benzoyl chloride producers. As manufacturers continue to innovate, they develop more efficient and cost-effective methods of producing benzoyl chloride. Modern advancements in production techniques have helped reduce energy consumption, increase yield, and lower production costs, all of which can influence benzoyl chloride pricing in the market. Moreover, the rise of alternative production methods, such as using renewable feedstocks or developing catalytic processes, may provide some price relief in the long run. However, these innovations require substantial investment in research and development, which may initially drive up the price of benzoyl chloride until the new technologies become more widespread and cost-effective.

The market for benzoyl chloride is also subject to regional variations in pricing. Prices can differ based on local market conditions, regulatory environments, and the availability of raw materials. For instance, in regions where oil and toluene production are abundant, benzoyl chloride prices may be lower due to the reduced cost of raw materials and the presence of established production infrastructure. On the other hand, in regions where raw materials are imported or where stringent environmental regulations drive up operational costs, prices may be higher. As a result, companies sourcing benzoyl chloride from different regions may encounter varying price points, influencing their overall supply chain costs and pricing strategies.

Supply chain disruptions, whether caused by natural disasters, transportation issues, or global trade tensions, can also play a significant role in benzoyl chloride price fluctuations. In recent years, global supply chains have faced increasing challenges, leading to delays and cost increases for many industries. The COVID-19 pandemic, for example, disrupted supply chains around the world, impacting the availability of raw materials and affecting production timelines. Such disruptions can lead to shortages in benzoyl chloride supply, driving prices upward as demand exceeds available supply. In contrast, during periods of market stability and efficient supply chain operations, prices may stabilize or decrease.

The competitive landscape of the benzoyl chloride market also affects pricing dynamics. With numerous producers operating in the market, competition plays a role in pricing strategies. Some manufacturers may offer lower prices to gain market share, while others may maintain higher prices based on the quality of their product or their ability to provide consistent supply. The consolidation of manufacturers and mergers between key players can influence pricing, as larger entities may have the resources to negotiate better deals for raw materials or achieve economies of scale, enabling them to offer more competitive pricing.

In conclusion, the benzoyl chloride market is subject to a wide array of factors that influence its pricing trends, including raw material costs, environmental regulations, demand from key industries, technological innovations, regional market conditions, supply chain stability, and competitive dynamics. These factors combine to create a complex and ever-changing landscape for benzoyl chloride prices. As the global economy continues to evolve and industries dependent on benzoyl chloride grow, the market for this critical chemical compound will likely continue to experience both upward and downward price movements, influenced by both short-term disruptions and long-term trends.

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Acid Chlorides Market Growth, COVID Impact, Trends Analysis Report Forecast to 2032

According to Future Market Insights, the Global Acid Chlorides Market is expected to grow from US$ 2,430.9 Million in 2022 to US$ 3,903 Million by 2032, with overall demand accelerating at 4.9% CAGR throughout the forecast period (2022-2032).

Rising application of acid chlorides in pharmaceuticals, chemical reagents, plastic & pigments, organic peroxides, and agrochemicals is a key factor driving the global market and the trend is expected to continue during the forecast period.

Since cardiovascular diseases like atherosclerosis are becoming more common, demand for pharmaceuticals like aspirin continues to climb. According to data from the National Center for Biotechnology Information (NCBI) published in 2021, more than 30% of Americans used aspirin in 2019.

Furthermore, it is projected that sustained pharmaceutical demand will drive market revenue growth over the next few years. Apart from pharmaceutical applications, demand for acid chlorides is also witnessing substantial growth opportunities in the agrochemical sector.

Consistent population growth is propelling sales of agrochemicals to increase crop yields to meet the growing food demand. Being key active ingredients, various acid chlorides are experiencing elevated demand levels from agrochemical sector. On the other hand, various health hazards associated with exposure to a wide spectrum of acid chlorides and the regulations associated with them are limiting market expansion

"Growing prevalence of heart diseases and increasing demand for pharmaceuticals like aspirin are anticipated to propel the sales of acid chlorides over the forecast period," says an FMI analyst.

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Who is Winning?

According to FMI analysis, Altivia, BASF, Novaphene, CABB Chemicals, Orion Chem Pvt. Ltd., Wilmar International, Transpek Industry Ltd., VanDeMark Chemical, Inc., Kuhlmann Europe, R. Drugs and Intermediates Pvt. Ltd., Twin Lake Chemical Inc., Shiva Pharmachem Ltd., Rheinmetall AG, and others are identified as the key manufacturers in the Acid Chlorides market.

These key players are constantly focusing on increasing their production capacities to meet end user demands. They are establishing new production facilities if upgrading older ones, besides forming partnerships and alliances with other companies.

Acid Chlorides Industry Segmentation

By Product Type:

Ethanoyl Chloride

Propanoyl Chloride

Butanoyl Chloride

Benzoyl Chloride

Chloroacetyl Chloride

Thionyl Chloride

Palmitoyl Chloride

Others

By Application :

Chemical Reagents

Plastic and Pigments

Organic peroxides

Agrochemicals

Pharmaceuticals

Others

By End Use :

Pharmaceuticals

Agriculture

Plastics

Dyes & Inks

Cosmetic

Others

More Insights into the Acid Chlorides Market Report

In its latest report, FMI offers an unbiased analysis of the global Acid Chlorides Market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the market potential, its growth, and scope, the market is segmented based onProduct Type, Application, End Use and Region.

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Benzoyl Chloride Market Progresses for Huge Profits by the End 2026

Global Benzoyl Chloride Market: Overview

Benzoyl chloride, also known as benzenecarbonyl chloride, is an organochlorine compound with chemical formula C6H5COCl. It is also known as alpha-chloro benzaldehyde. It is a colorless, fuming liquid, with an irritating odor. It is primarily used in the production of peroxides. It is also generally useful in other areas. For instance, benzoyl chloride is employed in the preparation of dyes, perfumes, pharmaceuticals, and resins. Benzoyl chloride is produced from benzotrichloride using either water or benzoic acid. Akin to other acyl chlorides, it can be generated from the parent acid and other chlorinating agents, phosphorus or thionyl chloride.

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It was first prepared through the treatment of benzaldehyde with chlorine. Benzoyl chloride is a typical acyl chloride, which reacts with alcohols to give the corresponding esters. Similarly, it reacts with amines to give amides. Benzoyl chloride must be moderately heated or exposed to relatively high ambient temperatures before the ignition can occur. It possesses various properties. For instance, it readily undergoes violent chemical changes at elevated temperatures and pressures. It also reacts violently or explosively with water; hence, various safety considerations need to be taken while handling benzoyl chloride. Benzoyl chloride decomposes exothermically and rapidly in water to form insoluble benzoic acid and hydrochloric acid (HCl). Benzoyl peroxide is a common reagent in polymer chemistry that is produced industrially by treating benzoyl chloride with hydrogen peroxide and sodium hydroxide.

Global Benzoyl Chloride Market: Drivers and Restraints

Rise in demand for benzoyl chloride in the pharmaceuticals industry is propelling the benzoyl chloride market. Increase in usage of benzoyl chloride to prepare dye intermediates is also augmenting the benzoyl chloride market. On the other hand, its hazardous effects such as emission of highly poisonous gases such as phosgene make it a highly restricted chemical. It also needs to be handled with utmost safety. These factors are hampering the benzoyl chloride market. Exposure to benzoyl chloride benzoyl can lead to various human health hazards such as irritation to eyes, throat infections, and breathing problems. This is also adversely affecting the benzoyl chloride market.

Global Benzoyl Chloride Market: Key Segments

Based on grade type, the benzoyl chloride market can be segmented into qualified grade, excellent grade, and others.

In terms of application, the benzoyl chloride market can be divided into benzoyl compounds, dyes intermediates, pharmaceuticals, agrochemicals, and others.

Based on geography, the benzoyl chloride market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of consumption, Asia Pacific accounts for significant share of the benzoyl chloride market owing to the rise in demand from pharmaceutical and agrochemicals industries.

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Global Benzoyl Chloride Market: Key Players

Key players operating in the benzoyl chloride market include Hubei Phoenix Chemical Company Limited, Ineos, Jiangsu Jiamai Chemical Company Limited, Jiangsu Yuanyang Pharmaceutical Company Limited, Jiangyin Jianheng, Lanxess, Nippon Light Metal, and Xintai Lanhe.

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Benzoyl Chloride (CAS 98-88-4) Market Size (Value) Comparison by Region (2012-2022)

Benzoyl Chloride (CAS 98-88-4) Market Benzoyl Chloride (CAS 98-88-4) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. You can Find out More from the Website: www.reportsandmarkets.com Geographically, this report split global into several key Regions, with sales (K MT), revenue (Million USD),…

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Benzoyl Chloride Prices | Pricing | Trend | News | Database | Chart | Forecast

 Benzoyl Chloride Prices a critical chemical intermediate used in various industries, has experienced fluctuations in price over recent years due to multiple factors that influence its global supply and demand dynamics. This compound, primarily used in the production of dyes, pharmaceuticals, and agrochemicals, is sensitive to shifts in market conditions that affect the raw materials needed for its manufacture, as well as the geopolitical and economic factors impacting its global trade. The price of benzoyl chloride is closely tied to the cost of toluene, a petrochemical feedstock from which it is derived. As crude oil prices rise or fall, the cost of toluene and, consequently, benzoyl chloride is impacted. When oil prices rise, the cost of production for petrochemical derivatives like benzoyl chloride increases, leading to higher market prices.

Global market trends, particularly in major producing regions such as China and India, have a significant impact on benzoyl chloride prices. China, being a major producer and consumer of petrochemicals, plays a pivotal role in the pricing of benzoyl chloride on the global stage. Any disruptions in China's chemical manufacturing sector, whether due to environmental regulations, factory shutdowns, or fluctuations in raw material supply, can lead to volatility in the price of benzoyl chloride. In recent years, stricter environmental regulations in China have led to the temporary shutdown of several chemical plants, reducing the global supply of benzoyl chloride and causing price spikes. Similarly, India, another key player in the chemical manufacturing space, faces its own set of challenges that affect benzoyl chloride pricing, such as regulatory changes, import-export tariffs, and domestic demand fluctuations.

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Another factor influencing benzoyl chloride prices is the demand from end-user industries. The pharmaceutical and agrochemical sectors are two of the largest consumers of benzoyl chloride. Any shifts in the demand for drugs, pesticides, or other chemical products that use benzoyl chloride as an intermediate can have a direct impact on its price. For example, during times of increased pharmaceutical production, the demand for benzoyl chloride rises, putting upward pressure on prices. On the other hand, any downturns in the agricultural sector, which might reduce the need for agrochemicals, can lead to a decrease in benzoyl chloride demand, subsequently leading to lower prices.

Additionally, trade policies and international tariffs can have a significant impact on the pricing of benzoyl chloride. Countries imposing tariffs on chemical imports can affect the flow of goods and alter the balance between supply and demand in regional markets. For instance, tariffs imposed by the U.S. or European Union on Chinese chemicals could make benzoyl chloride more expensive for buyers in those regions, as they either seek alternative suppliers or bear the additional costs. Similarly, if a major exporting country like India were to introduce export restrictions on benzoyl chloride, it could lead to reduced global availability and drive up prices. Geopolitical tensions between key producing and consuming nations can also influence trade routes and logistics, adding further volatility to the price.

Environmental and health regulations also play a crucial role in the benzoyl chloride market. Given that benzoyl chloride is classified as a hazardous substance, governments across the world enforce strict regulations on its production, storage, and transportation. Compliance with these regulations often increases production costs, which can be passed on to consumers through higher prices. In regions where environmental compliance costs are high, manufacturers may reduce output to minimize costs, tightening the supply of benzoyl chloride and driving prices higher.

The COVID-19 pandemic also left a significant mark on the chemical industry, including the market for benzoyl chloride. Supply chain disruptions caused by lockdowns, transportation delays, and workforce shortages temporarily restricted the availability of raw materials and finished chemical products, including benzoyl chloride. As a result, prices experienced considerable volatility during the peak of the pandemic. The initial phase saw a sharp decline in demand as industries across the globe slowed down or halted production. However, as economies began to recover and industries resumed operations, the demand for benzoyl chloride surged, leading to a mismatch between supply and demand and causing price hikes.

Moreover, energy costs are a crucial factor in determining the price of benzoyl chloride, as the chemical production process is energy-intensive. In regions where energy prices are high, such as Europe and parts of North America, manufacturers may face higher production costs, which can translate to higher prices for benzoyl chloride. Conversely, in regions with lower energy costs, producers may be able to offer benzoyl chloride at more competitive prices, affecting global pricing trends.

The future outlook for benzoyl chloride prices remains subject to a number of variables, including advancements in chemical manufacturing technologies that could lower production costs, changes in environmental regulations, and shifts in global trade policies. Increasing demand from emerging economies, particularly in the pharmaceutical and agrochemical sectors, is likely to keep upward pressure on prices. However, any breakthroughs in sustainable chemical production or alternative raw materials could mitigate some of the cost pressures faced by manufacturers.

In conclusion, benzoyl chloride prices are shaped by a complex interplay of factors, including raw material costs, supply chain dynamics, environmental regulations, geopolitical factors, and shifts in end-user demand. Understanding these influences is crucial for businesses that rely on benzoyl chloride as a key input, as price fluctuations can significantly impact their cost structures and profitability. For stakeholders in the chemical industry, staying informed about these market dynamics is essential to making strategic purchasing and production decisions.

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Global Benzoic Acid Market Study, 2014-2030

Analysis of the BENZOIC ACID MARKET

A comprehensive market study on the BENZOIC ACID MARKET Market provides an overview of the demand-supply and consumption patterns of Benzoic Acid Market across six different regions. This market study describes the Benzoic Acid Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Benzoic Acid Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.

Distinct market estimations and forecasts are presented in this comprehensive Benzoic Acid Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Benzoic Acid Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.

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The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Benzoic Acid Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.

Global Benzoic Acid Demand Supply Analysis By Applications,

By End Use Industry (Volume, Value) (2014–2030)

     Strategic Issues

     Capacity Analysis – Plants and Projects (2014 – 2030)

Capacity

Production

Producing Companies

Capacity Additions and Investments

Location

Salient Statistics

Technology / Process

     Demand Analysis and Forecast (2014 – 2030)

Capacity

Production

Operating Rate

Import

Export

Net Trade

Demand

Demand Growth Rate (%)

Driving Force Analysis

Global Benzoic Acid Market, By Application

Alkyd Resins

Benzoates

Benzoate Plasticizers

Animal Feed Additive

Benzoyl Chloride

Others

Global Benzoic Acid Market, By End Use Industry

Cosmetics & Personal Care

Chemical

Food & Beverages

Pharmaceuticals

Others

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Real-world industry, consulting, and market research experience

Average work experience of 10+ years

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Benzoyl Chloride (CAS 98-88-4) Market – Global Industry Analysis and Forecast (2022-2028) – By Type, Material, Application, Industry and Region.

Benzoyl Chloride (CAS 98-88-4) Market – Global Industry Analysis and Forecast (2022-2028) – By Type, Material, Application, Industry and Region.

Report Summary The BENZOYL CHLORIDE (CAS 98-88-4) market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth…

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Benzoic Acid Industry Analysis, Size, Growth, Trends, Demand, Segments, Key Player profile and Regional Outlook by 2030

Market Research Future (MRFR) has announced a new release on the global benzoic acid market. The report predicts the global benzoic acid market to exhibit a sturdy 5.92% CAGR over the forecast period (2018-2023), rising from a value of USD 868 million in 2017 to USD 1,219 million by the end of the forecast period in 2023.

Benzoic acid is a carboxylic acid with the chemical formula C6H5COOH. It has various functional properties, including antifungal and antibacterial properties, which have made it popular in a number of end-use industries. It is naturally found in a number of fruits, including plums, prunes, cranberries, and raspberries, and is primarily used in the food and beverage, chemical, and pharmaceutical industry.

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The growing use of benzoic acid in personal care products and cosmetics is likely to be a major driver for the global benzoic acid market over the forecast period. Benzoic acid and salicylic acid are often used in conjunction to counter the threat of fungus, as they both have excellent antifungal properties. The increasing demand for well-crafted and effective personal care products, especially in developing economies round the world, is likely to be a major driver for the global benzoic acid market over the coming years.

Growing demand from the food and beverage industry is likely to be a major driver for the global benzoic acid market. Benzoic acid and its sodium, potassium, or calcium salts are used as a food preservative due to their effective antifungal property. The growing demand for preserved and packaged food from the global consumer demographic is likely to drive the demand for effective natural preservatives such as benzoic acid.

Plasticizers derived from benzoic acid, i.e. benzoate plasticizers, are also likely to be a major fruitful channel for the key players in the global benzoic acid market. While phthalates are widely used as plasticizers at present, the environmental impact of the same has been adverse. This has led to a renewed interest in finding alternatives that don’t hurt the environment and still fulfill the important functional criteria. Benzoate plasticizers are likely to find increasing demand in the global plastics market over the coming years, driving the demand from the global benzoic acid market.

Segmentation:

The report segments the global benzoic acid market on the basis of application, end use, and region. On the basis of end use, the global benzoic acid market is segmented into food and beverage, chemicals, pharmaceuticals, and others. The food and beverage industry registered the strongest share in the global benzoic acid market in 2017 and is likely to grow at the highest growth rate over the forecast period due to the growing demand for packaged food and beverages. It is expected to exhibit a robust 6.3% CAGR over the forecast period.

By application, the global benzoic acid market is segmented into sodium benzoate, potassium benzoate, benzyl benzoate, benzoate plasticizers, alkyd resins, benzoyl chloride, feed additives, and others. In accordance with the dominance of the food and beverage industry in the global benzoic acid market, sodium benzoate, the derivative of benzoic acid used as a preservative in the food and beverage industry, is likely to remain the dominant contributor to the global benzoic acid market over the forecast period. The segment accounted for 32% of the global benzoic acid market in 2017. It is touted to exhibit a strong 6.64% CAGR to reach a size of USD 406.9 million by 2023.

Regional Analysis:

By region, the global benzoic acid market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific dominated the global benzoic acid market in 2017 and is likely to remain in the lead over the forecast period due to the growing demand from the emerging economies in the region. The Asia Pacific market accounted for close to 47% of the global benzoic acid market in 2017 and is likely to rise to a valuation of USD 588.9 million by 2023.

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Europe is the second largest regional segment of the global benzoic acid market and is likely to reach a valuation of USD 312.5 million by 2023 at a CAGR of 5.53% during the forecast period.

Competitive Analysis:

Leading players in the global benzoic acid market include Wuhan YouJi Industries Company Limited (China), Spectrum Chemical Manufacturing Corp. (U.S.), Hemadri Chemicals (India), Avantor (U.S.), Tianjin Dongda Chemical Group Co. Ltd. (China), Alfa Aesar, Thermo Fisher Scientific (U.S.), MP Biomedicals LLC (U.S.), GFS Chemicals Inc. (U.S.), Emerald Performance Materials (U.S.), Eastman Chemical Company (U.S.), Navyug Pharmachem (P) Ltd. (India), Ganesh Benzoplast Limited (India), and Choice Organochem LLP (India).

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Benzoic Acid Market 2022 Analysis by Latest Trends, Future Growth And Keyplayers

Benzoic acid is a carboxylic acid with various utilitarian characteristics, including antifungal and antibacterial credits, which have made it famous in various end-use applications. Benzoic acid is normally found in a few organic products, including plums, prunes, cranberries, and raspberries, and is essentially utilized in the food and refreshment, compound, and drug businesses.

Benzoic acid is a lackluster and glasslike sweet-smelling carboxylic acid. Benzoic was at first separated from the gum of a tree that had a place with the Styrax class. Benzoic acid is widely utilized for safeguarding food items in the food and refreshment industry. It helps in controling the development of growths and microbes. Benzoic acid is likewise utilized as a substance reagent.

ChemIntel360’s global Benzoic Acid market study is a 190 slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. The industry is expected to grow at a CAGR of 2.7% during the forecast period mainly due to growing demand of the chemical as a preservative from food and beverages industry.

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Scope

This study contains global and regional market size data - value and volume. The numbers are broken down by application (Benzoates, Benzoyl Chloride, Benzoate Plasticizer, Alkyd Resin, Animal Feed Additive, and Others), by end use (Food, Chemical, Pharmaceutical, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.

Market Overview

The global Benzoic Acid market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$1.03 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.

Regional Analysis

The benzoic acid market forecast is estimated based on the analysis of different regions as well. These sections include North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The forecast is further sub-segmented into 18 countries of these continents.

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Key Players

The “Global Benzoic Acid Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Emerald Performance Materials, Wuhan Youji Industries Co., Tianjin Dongda Chemical Group, Liao Ning Huayi Chemical Industry & Commerce Co, Huangshi Taihua Industry, Sinteza S.A., Chemcrux Enterprises Ltd, Emerald Kalama Chemical, Tianjin Dongda Chemical Group. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.

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