#global benzoic acid market trends and impacts

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Benzaldehyde Market Insights on Key Drivers, Challenges, and Opportunities

The benzaldehyde market has experienced substantial growth in recent years due to its essential role in numerous industries, including fragrances, pharmaceuticals, and agrochemicals. As one of the most important organic compounds in the chemical industry, its demand is influenced by the increased need for aromatic chemicals. This article provides an in-depth analysis of the market insights surrounding the global benzaldehyde market, including the key growth drivers, regional trends, competitive landscape, and challenges faced by the industry.

Market Overview and Scope

The global benzaldehyde market is expected to see consistent growth due to its diverse applications in industries like chemicals, fragrances, and pharmaceuticals.

It is primarily used as a precursor in the production of various chemicals, including benzoic acid and other derivatives.

Benzaldehyde's role in the flavoring, personal care, and agrochemical industries supports its increasing demand worldwide.

Key Market Drivers

Rising Demand for Fragrances and Personal Care Products: Benzaldehyde is a critical ingredient in the production of fragrances, flavoring agents, and personal care products. As the global population grows and disposable income increases, the demand for cosmetics and perfumes rises, directly influencing the benzaldehyde market.

Expansion of the Pharmaceutical Sector: Benzaldehyde serves as an important intermediate in pharmaceutical synthesis. As the pharmaceutical sector grows, especially in developing regions, the demand for benzaldehyde in the production of essential drugs will continue to increase.

Increased Agrochemical Use: The global agricultural sector continues to expand, with the growing need for herbicides and pesticides. Benzaldehyde is used as a precursor in the production of agrochemicals, further driving market demand.

Market Challenges

Environmental Regulations: As benzaldehyde production involves the use of toxic chemicals, stringent environmental regulations surrounding its manufacturing process can pose a challenge for market players. The industry must adhere to strict standards to mitigate environmental impact.

Fluctuating Raw Material Prices: Toluene, the primary raw material used in the production of benzaldehyde, is subject to price volatility. Such fluctuations can lead to higher production costs and affect profit margins, which is a significant challenge for manufacturers.

Health and Safety Concerns: Benzaldehyde is a potentially hazardous substance, and improper handling can lead to health risks. Companies in the market must invest in safety measures and comply with health regulations to mitigate such risks.

Regional Analysis

Asia-Pacific: The Asia-Pacific region leads the benzaldehyde market, with China and India being major consumers. Rapid industrialization, coupled with the increasing demand for chemicals in fragrances, pharmaceuticals, and agrochemicals, contributes to the region’s dominance.

North America: North America holds a substantial share of the market due to a strong presence of established players in the chemical industry and significant demand from the fragrance and pharmaceutical sectors.

Europe: The European market for benzaldehyde is expected to grow steadily, driven by demand from the chemical, automotive, and personal care sectors.

Rest of the World: Regions such as Latin America and the Middle East are showing a growing interest in benzaldehyde, with increasing investments in the agricultural and chemical industries.

Competitive Landscape

The benzaldehyde market is highly competitive, with numerous global and regional players vying for market share. Major companies focus on enhancing their production capabilities and expanding into new regions to stay ahead in the market.

Key players in the market are also investing in technological advancements to improve the efficiency of the benzaldehyde production process and reduce environmental impact.

Trends in the Benzaldehyde Market

Sustainability Initiatives: Increasing awareness about the environmental impact of chemical production has led companies to adopt sustainable practices. There is growing research into green production methods, such as bio-based benzaldehyde, which could potentially reduce the industry's carbon footprint.

Focus on Innovative Applications: The market is witnessing new applications of benzaldehyde in areas such as electronics and automotive industries. Researchers are exploring how benzaldehyde can be utilized in the production of advanced materials, coatings, and other products.

Future Outlook

The benzaldehyde market is expected to continue expanding over the next few years, with a growth rate projected at 4-6% annually. This growth will be supported by rising industrial demand, advancements in production technology, and increasing use in emerging economies.

With the continued evolution of regulatory standards, market players will need to adapt to comply with stringent environmental and safety norms.

Conclusion In conclusion, the benzaldehyde market is poised for steady growth, driven by its diverse applications and strong demand from key sectors like fragrances, pharmaceuticals, and agrochemicals. However, challenges such as regulatory pressures, raw material price volatility, and environmental concerns remain. The future of the market will depend on technological innovations, sustainability efforts, and the ability of companies to navigate these challenges successfully.

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Potassium Benzoate Prices, News, Trend, Graph, Chart, Forecast and Historical

Potassium Benzoate is a widely used food preservative valued for its effectiveness in inhibiting the growth of bacteria, mold, and yeast. Its broad application across various industries, particularly in the food and beverage sector, has made it a key commodity in the global market. The pricing dynamics of potassium benzoate are influenced by multiple factors, including raw material costs, production processes, regulatory frameworks, and demand patterns across different regions. As a derivative of benzoic acid, the price fluctuations of potassium benzoate are closely tied to the availability and cost of its precursor. The chemical industry’s ability to secure consistent supplies of benzoic acid plays a crucial role in determining market stability and pricing trends for potassium benzoate.

Market demand for potassium benzoate is driven primarily by its use in food preservation. It is particularly effective in acidic environments, making it a popular choice for carbonated beverages, fruit juices, and other acidic food products. As consumer preferences continue to shift toward convenience and longer shelf-life products, manufacturers have increasingly turned to potassium benzoate to meet these needs. This consistent demand has kept the pricing of potassium benzoate relatively stable, although fluctuations in raw material costs and production challenges occasionally disrupt the market. Furthermore, the rise of the processed food industry, especially in emerging markets, has added significant momentum to the demand for potassium benzoate, further influencing its price trends.

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The regulatory landscape also plays a significant role in shaping the potassium benzoate market. Different regions have varying levels of acceptance and restrictions on the use of preservatives in food products. Stricter regulations in some countries may lead to a decrease in demand, while regions with more lenient guidelines often witness higher consumption. For instance, in markets where there is growing awareness of clean-label products and consumer concerns over synthetic preservatives, manufacturers are compelled to explore alternative solutions, which could impact the pricing and demand for potassium benzoate. On the other hand, regions with high reliance on processed and packaged foods may experience sustained or even increased demand for this preservative.

The global potassium benzoate market also experiences pricing variations due to regional production capacities and logistical considerations. Key producers of potassium benzoate are often located in regions with abundant raw materials and well-established chemical industries. Transportation costs, tariffs, and trade policies between exporting and importing countries can further influence regional price differences. For example, producers in Asia, which is a major hub for chemical production, often benefit from lower production costs. However, shipping potassium benzoate to other parts of the world adds logistical expenses, which can result in higher prices for end users in distant regions.

Technological advancements in the production of potassium benzoate have also played a role in determining its market price. The development of more efficient production processes has enabled manufacturers to reduce costs, which, in turn, has helped stabilize pricing in the face of fluctuating raw material costs. Innovations in synthesis and refining techniques have improved yield and quality, ensuring that potassium benzoate remains competitively priced. Nevertheless, environmental concerns and the push for sustainable practices in the chemical industry have introduced new challenges. Manufacturers are now under increasing pressure to adopt eco-friendly processes, which may require additional investment and potentially affect the pricing structure.

Economic conditions also significantly impact potassium benzoate prices. In periods of economic growth, increased consumer spending on food and beverages tends to drive demand for preservatives, including potassium benzoate. Conversely, during economic downturns, demand may decline as consumers prioritize essential goods or opt for fresh, less processed alternatives. Currency exchange rates also play a role, particularly for countries that rely on imports. Fluctuations in exchange rates can lead to price volatility, affecting market dynamics on a global scale.

The competitive landscape among potassium benzoate manufacturers is another important factor in determining pricing trends. The market includes a mix of established global players and smaller regional producers. Intense competition often leads to pricing strategies aimed at gaining market share, such as offering discounts or entering into long-term supply agreements with key customers. While this competition can benefit consumers through lower prices, it may also pressure producers to operate on tight margins, potentially impacting the quality or availability of the product.

Sustainability trends and consumer awareness are increasingly shaping the potassium benzoate market. As global consumers demand greater transparency and environmentally responsible products, manufacturers are exploring ways to align their operations with these expectations. This shift toward sustainability could lead to changes in production methods, possibly affecting the cost structure and, ultimately, the pricing of potassium benzoate. Additionally, the growing preference for natural preservatives in some regions may create downward pressure on demand, further influencing the market's pricing landscape.

In summary, potassium benzoate prices are shaped by a complex interplay of factors, including raw material costs, production efficiencies, regulatory influences, and regional demand patterns. The global nature of the market ensures that economic conditions, technological advancements, and sustainability trends also play critical roles in determining pricing dynamics. As the food and beverage industry continues to evolve and adapt to changing consumer preferences, the potassium benzoate market is likely to experience ongoing shifts in both demand and pricing. Companies operating in this space must remain vigilant to these trends to effectively navigate the challenges and opportunities that lie ahead.

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Sodium Benzoate Prices Trend, Monitor, News, Analytics & Forecast | ChemAnalyst

Sodium benzoate prices, reflecting the cost of this widely used preservative compound, are subject to fluctuations influenced by various factors such as global market dynamics, industrial demand, and production costs. Understanding these price movements entails a comprehensive analysis of supply and demand dynamics, raw material availability, and macroeconomic indicators.

The pricing of sodium benzoate is significantly influenced by the balance between supply and demand within industries such as food and beverage, pharmaceuticals, and personal care products. Sodium benzoate, valued for its ability to inhibit the growth of bacteria, yeast, and molds, finds extensive application in products ranging from processed foods and beverages to medications, cosmetics, and personal care items. Disruptions in the supply chain, such as fluctuations in raw material availability, production capacity, or transportation logistics, can impact the availability and cost of sodium benzoate, thereby influencing its market price.

Industrial demand plays a crucial role in determining sodium benzoate prices. Industries such as food and beverage processing rely heavily on sodium benzoate for its preservative properties, while the pharmaceutical and personal care sectors utilize it for its antimicrobial and stabilizing effects. Fluctuations in demand from these sectors, influenced by factors such as consumer preferences, regulatory requirements, and product innovation, can lead to price volatility for sodium benzoate.

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Raw material costs significantly impact sodium benzoate prices. The price of raw materials such as benzoic acid and sodium hydroxide, which are used in sodium benzoate production, can fluctuate due to changes in global supply and demand dynamics, feedstock availability, and energy costs. Any significant increase in raw material costs can translate into higher production costs for sodium benzoate manufacturers, thereby exerting upward pressure on prices.

Macroeconomic indicators, such as GDP growth, consumer spending, and industrial output, can indirectly affect sodium benzoate prices by influencing overall demand for products containing sodium benzoate. Economic expansions tend to drive demand for sodium benzoate-intensive products such as processed foods, medications, and personal care items, thereby supporting higher prices. Conversely, economic downturns or uncertainties may lead to reduced demand and downward pressure on sodium benzoate prices.

Regulatory changes and quality standards also play a role in shaping sodium benzoate prices. Government regulations on food safety, pharmaceutical manufacturing, and product labeling can impact production costs and market access for sodium benzoate manufacturers. Compliance with these regulations may require investments in research, testing, and quality control measures, influencing pricing dynamics.

Looking ahead, several factors are expected to continue influencing sodium benzoate prices. Continued growth in sectors such as food and beverage processing, pharmaceuticals, and personal care, coupled with increasing awareness of product safety and shelf-life extension, is likely to drive sustained demand for sodium benzoate. Moreover, advancements in production technology, changes in consumer preferences, and shifts in global trade dynamics could lead to changes in market dynamics and price levels for sodium benzoate.

In conclusion, sodium benzoate prices are subject to a complex interplay of factors including supply and demand dynamics, industrial trends, raw material costs, regulatory changes, and macroeconomic indicators. Stakeholders in industries reliant on sodium benzoate, such as food and beverage processing, pharmaceuticals, and personal care, must closely monitor these factors to anticipate price movements and make informed decisions. As industries evolve and regulatory requirements change, navigating the dynamic landscape of sodium benzoate pricing will remain a key challenge for industry participants.

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[chemintel]

ChemIntel360’s Global Benzoic Acid Market is a 190 slide report contains data 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.

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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)

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Capacity Additions and Investments

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Salient Statistics

Technology / Process

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Driving Force Analysis

Global Benzoic Acid Market, By Application

Alkyd Resins

Benzoates

Benzoate Plasticizers

Animal Feed Additive

Benzoyl Chloride

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Global Benzoic Acid Market, By End Use Industry

Cosmetics & Personal Care

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After a freefall, Toluene prices rebound In the US and Europe

Toluene prices have started to rise in US and Europe after witnessing a continuous drop since November backed by the tight supplies and surging demand from the downstream fuel and chemical industry.

Across the European region, the upstream Naphtha market has been experiencing tightness since last week amid supply restrictions. Delaying cargoes to Northwest Europe from Baltic states as a repercussion of the bad weather in the black sea and winter storms in Russia have been exerting pressure on the domestic traders. Consequently, healthy demand and unavailability of the material on spot basis in the European Toluene market have resulted in inflation in its pricing trend.

The USA Toluene market is now mimicking the European market sentiments as Toluene prices have started recovering after going through a downward trajectory consecutively for three months. An increase in Toluene prices is attributed to the spike in the upstream Benzene values and improvement in the offtakes from the downstream manufacturers. Moreover, lagging in production levels owing to hurricane season in last quarter and lower trading activities due to year-end dullness have led to product shortage in the region, consequently, influencing the prices of Toluene. Besides, the US Toluene market is also experiencing the effect of the International Maritime Organization global Sulphur cap that is turning out positive for Toluene's demand outlook.

Toluene is an aromatic hydrocarbon, derived as a byproduct in the production of gasoline by ethylene cracker or from petrochemical-based feedstock such as benzene in the presence of AlCl3. It is used in a wide range of industrial applications such as in the manufacturing of paints, glues, lacquers, dyes, stain removers, nail polish, and chemicals such as benzoic acid, trinitrotoluene, etc. It is also employed as a solvent and an octane booster or anti-knock fuel additive.

According to ChemAnalyst, Toluene prices are anticipated to showcase a significant climb in the near term. Firm demand, squeezed supplies, and a rise in the blending margins are expected to keep the Toluene prices strong in Europe and the USA in the coming quarter. Moreover, In the US, the aromatics market is going through the impact of EPA changes and the demand for Toluene and Xylenes has recovered to pre-pandemic levels which is also going to affect the market dynamics and prices of Toluene in the region.

[jayu123-me]

Sorbic Acid Market is anticipated to expand at a CAGR of ~5%

Clearance from FDA and Regulatory Bodies as ‘Safe to Use’ Product to Increase Consumption

The demand for sorbic acid has witnessed a gradual rise over the past few decades from several industrial domains. The growing interest in organic and natural acids is one of the primary factors expected to boost the growth of the sorbic acid market in the upcoming years. As new trends and consumer preferences garner momentum worldwide, the adoption of sorbic acid, particularly in the food & beverages industry has surged at a steady pace. While the food & beverages industry is projected to provide a safe haven for the players involved in the sorbic acid market, other industrial domains, including cosmetics & personal care, pharmaceutical, animal feed, and chemical are projected to provide lucrative opportunities.

The increasing adoption of sorbic acid as a food preservative is expected to provide considerable boost to the market for sorbic acid during the assessment period. Moreover, as the FDA has classified sorbic acid as ‘safe for regular use’, the demand has consistently moved in the upward trajectory. The growing demand for ‘clean label’ food products is another factor that is expected to propel the growth of the global sorbic acid market in the upcoming decade. At the back of these factors, the global sorbic acid market is anticipated to surpass the market value of US$ 700 Mn by the end of 2030.

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Growing Adoption as Food Preservative to Boost Market Growth

The food & beverages industry is expected to remain the primary end-use industry of sorbic acid. Over the past couple of decades, natural acids, including propionic, sorbic, and benzoic acid are increasingly being used as preservatives in the food industry. Sorbic acid is also naturally present in a range of food and beverages such as cheese, wine, fish, meat, pastries, etc. The increasing demand for sorbic acid salts is another key factor likely to have a direct impact on the demand for sorbic acid.

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The favorable soluble properties of sorbic acid salts are one of the primary factors due to which, the demand for sorbic acid salts is currently increasing in comparison with that of sorbic acid, especially in the food & beverages industry. While sorbic acid salts continue to gain worldwide popularity, sorbic acids have emerged as the primary preservative in food applications due to the ideal antimicrobial activity and ability to inhibit the growth of molds, bacteria, and yeast. Innovations and research activities across the food & beverages industry pertaining to different ingredients is another major factor estimated to widen the application area of sorbic acid during the assessment period.

While the food & beverages industry is likely to remain at the forefront in terms of demand, the adoption of sorbic acid in the manufacturing of personal care and cosmetic products is also on the rise– a factor that is expected to propel the global sorbic acid market. Sorbic acid is increasingly being used in the formulation of the eye and facial makeup and a range of hair and skincare products.

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Demand for Sorbic Acid to Remain Steady amid COVID-19 Pandemic

The global sorbic acid market is slated to expand at a steady pace during the COVID-19 pandemic. Although the demand for sorbic acid is expected to drop in comparison with that in 2019, the COVID-19 pandemic is likely to have a short-term impact on the market growth. The demand for sorbic acid from the food & beverages sector continues to remain a major driving factor for the market during the ongoing COVID-19 crisis.

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In addition, research and development activities are projected to continue during the pandemic, as governments in several nations have exempted research and development activities from lockdown policies. Moreover, the packaging sector has emerged as one of the key end-use industries of sorbic acid, as the demand for antimicrobial packaging films made from sorbic acid-based coating has surged in 2020. Anti-microbial packaging films with sorbic acid-based coatings have emerged as a promising packaging alternative – a trend that is anticipated to gain considerable momentum in the upcoming years.

[jaydenh24]

Mold Inhibitors Market Analysis by Current Industry Status and Growth Opportunities, Top Key Players, Target Audience and Forecast to 2028

However, fluctuations in the prices of raw materials have come forward as a big time challenge to the growth of the market. Inadequate storage facilities in low and middle class economies coupled with lack of sophisticated level of technology will further derail the mold inhibitors market growth rate. Lack of resources that culminate into a strong infrastructure in low and middle class economies will further hammer down the mold inhibitors market growth rate.

Rising food related health concerns and rising veganism are the two biggest reasons attributable to the growth of mold inhibitors market. This means that the mold inhibitors market would witness a CAGR of 5.5% for the forecast period of 2021-2028.

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Mold inhibitors are the compounds that are used to tackle the fungal growth in food items, beverages, medicines, cosmetics and other products. These are the additives that minimize the mold contamination and restrict the mold growth. Mold inhibitors also add to the shelf life of products. These products are both natural and synthetic in nature and these need not be added in large quantities to the products. 

Rising food related health concerns and awareness about the ill effects of mold development on the health have induced growth in the demand for mold inhibitors globally. Rising demand for extended shelf life of food items and pharmaceutical drugs have also created lucrative growth opportunities for the mold inhibitors market. Growth and expansion of various end user verticals would directly impact the growth in demand for mold inhibitors especially in the developing countries. Rising research and development proficiencies on both natural and synthetic mold inhibitors will in turn induce growth of mold inhibitors market. Rising disease outbreak have particularly induced technological advancements in the mold inhibitors production process.

Global Mold Inhibitors Market, By Source (Animals, Plants and Micro-organisms), Type (Propionates, Benzoates, Sorbates, Natamycin and Others), Application (Pharmaceuticals, Paints, Food and Beverages, Cosmetics and Personal Care, Animal Feed and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.

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  This mold inhibitors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on mold inhibitors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

 The mold inhibitors market is segmented on the basis of source, type and application. By careful analysis of every segment, one can conduct a SWOT analysis before investing in the growth and expansion of the business.

 On the basis of source, the mold inhibitors market is segmented into animals, plants and micro-organisms.

Based on type, the mold inhibitors market is segmented into propionates, benzoates, sorbates, natamycin, and others. Propionates segment is further segmented into sodium propionate and calcium propionate. Benzoates segment is further segmented into benzoic acid and sodium benzoate. Sorbates segment is further segmented into sorbic acid and potassium sorbate. Others segment is further segmented into sulphites, sodium acetate and acetic acid.

Based on application, the mold inhibitors market is segmented into pharmaceuticals, paints, food and beverages, cosmetics and personal care, animal feed, and others. Food and beverages is further segmented into baked goods.

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 Global Mold inhibitors market is analyses and market size, volume information is provided by country by source, type and application as referenced above.

 The countries covered in the mold inhibitors market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).

 North America dominates the mold inhibitors market and will continue to flourish its dominance during the forecast period. This is because of the rising prevalence of food related diseases coupled with rising awareness about various ill-effects of mold-producing mycotoxins. Asia-Pacific on the other hand is set to undergo highest compound annual growth rate during the forecast period owing to the increased expenditure on food safety solutions. Increased consumption of processed and packaged food items coupled with rising demand and supply of medicines have contributed to the growth of the market. India and China have emerged to be the major contributors from this region.

 The country section of the mold inhibitors market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

 Mold inhibitors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to mold inhibitors market.

 The major players covered in the mold inhibitors report are DuPont, BASF SE, ADM, Associated British Foods plc, HANDARY S.A., Hawkins Watts Limited, Kemin Industries, Inc., Niacet, Pacific Coast Chemical Co., ANGUS Chemical Company, Eastman Chemical Company, DSM, Watson Inc., Bentoli Corbion and Ravago Chemicals among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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[thetejasamale]

Benzoic Acid Market Segment | Size, Growth, Trends, Demand, Key Player profile and Regional Outlook by 2027

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).

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.

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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.

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.

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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.

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.

[basicchemicals]

Sodium Benzoate Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast: 2021–2027

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Market Overview

The global sodium benzoate market was valued at USD 186.3 million in 2020 and is expected to register a CAGR of 4.3% between 2021 and 2028.

Sodium benzoate is a preservative used widely across industries. It acts as a food preservative and occurs naturally in fruits such as cranberries, prunes, plums, and apples. Sodium benzoate is the sodium salt obtained when benzoic acid reacts with sodium hydroxide. Apart from the food and beverage industry, sodium benzoate has its applications across pharmaceutical as well as personal care industry. The increasing demand for convenience food across the world has propelled the growth of the sodium benzoate market. The advent of various fast-food companies across the globe has further proliferated the market growth in the last couple of years.

Competitive Landscape

The market for sodium benzoate has a list of many small, medium, and large-scale key players. Some of them are Foodchem International Corporation, Emerald Performance Materials LLC, Grenkem, and Avantor. They are trying to implement new strategies to market their products. Also, these key players are investing their money to cope up with the constantly changing demands and preferences of the consumers. 

Market Segmentation

Based on the Sodium benzoate market analysis, the market for sodium benzoate is segmented into two major categories which include by application and by form. These two major segments are further divided into sub-segments which are mentioned below. 

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Regional Analysis

The sodium benzoate global market is segmented on the basis of five major regions which include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Out of these five regions, the Asia Pacific region is expected to witness a specific growth during the forecast period because of the presence of the key industries of food and beverages in that region. The pharmaceutical industry in the Asia Pacific region is currently dominating the market and hence, is expected to provide a great opportunity to the sodium benzoate market towards its growth. In addition to that, there is a huge growth of fast food industries in that region especially in countries like China and India which may fuel the growth of the market for sodium benzoate. 

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Azelaic Acid Manufacturing for Industrial Use Market Global Trends, Growth, Opportunities, and Market Size Forecast to 2026

Azelaic Acid is a saturated organic compound that exists in the form of a powder. Its main application lies in the synthesis of DNA. It is manufactured as oleic acid that acts as a catalyst. It is a chemical product which is used in the production of products in plastics, lubricants, electronics, cosmetics and pharmaceuticals etc. it also acts a s an inhibitor in respiratory enzymes. Increase in demand and high adoption of Azelaic acid by the end-use industries is expected to increase the growth of the target marketAzelaic acid has a wide variety of applications providing health benefits which is a major factor towards driving the market

 Global Azelaic Acid Manufacturing for Industrial Use Market By Grade (Polymer Grade, Technical Grade and Pharmaceutical Grade), Application (Plastics, Lubricants, Electronics, Pharmaceuticals & Chemicals and Personal Care), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

 Global Azelaic Acid Manufacturing for Industrial Use Market is expected to rise from its initial estimated value of USD 119.99 million in 2018 to an estimated value of USD 217.21 million by 2026, registering a CAGR of 7.7% in the forecast period of 2019-2026 Increase in demand and high adoption of azelaic acid by the end-use industries, a wide variety of applications providing health benefits drives the growth of the global atelic acid manufacturing for industrial use. The high content of azelaic acid in personal care and pharmaceuticals products is unsafe to consume, which could impede the trajectory of the azelaic acid market Fluctuating Prices of Azelaic Acid can hamper the sales of the global azelaic acid Market

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 Global Azelaic Acid Manufacturing for Industrial Use Market Segmentation:

 By Application:

Plastics

Lubricants

Electronics

Pharmaceuticals & Chemicals

Personal Care

 By Grade:

Polymer Grade

Technical Grade

Pharmaceutical Grade

 By Geography:

 North America:

US

Canada

Mexico

South America

Brazil

Argentina

Rest of South America

 Europe:

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe

 Asia-Pacific:

Japan

China

South Korea

India

Australia

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific

 Middle East and Africa:

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East and Africa

 Global Azelaic Acid Manufacturing for Industrial Use Market Scope and Market Size:

Competitive Analysis:

Global azelaic acid manufacturing for industrial use market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Azelaic Acid Manufacturing for Industrial Use market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

 Key Developments in the Market:

In June 2017, Emery Oleochemicals launched its new product expansion of a low temperature plasticizer named EDENOL DOZ.it was developed as a product which could provide plasticizers derived from azelaic acid especially designed for PVC and synthetic rubber applications

In May 2012, the acquisition of API & Raw Materials with BASF, led to the production of an API portfolio product dealing in dermatology named Dermaz 99 for acne treatments and hyper pigmentary disorders

 Key Market Competitors:

Few of the major competitors currently working in global azelaic acid manufacturing for industrial use market are Emery Oleochemicals, Matrica, BASF SA, Croda Sipo (Sichuan) Co.,Ltd., Nantong Hengxing Electronic Materials, Jiangsu Senxuan Pharmaceutical and Chemical Co., Ltd., NINGHAI ZHONGLONG CHEMICAL CO. Ltd., Haihang Industry Co., Ltd., Xi'an Sonwu Biotech Co., Ltd., Matrìca S.p.A., Hubei TuoChu Kangyuan PHARMACEUTICAL CO.,LTD, Beyond Industries (China) Limited, EnBridge PharmTech (Wuxi) Co., Ltd., Hubei Aoks Trade Co., Ltd.,  Leader Group ., Corbion

 Research Methodology: Global Azelaic Acid Manufacturing for Industrial Use Market:

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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 Reasons for buying this Global Azelaic Acid Manufacturing for Industrial Use Market:

Laser Capture Global Azelaic Acid Manufacturing for Industrial Use Market aids in understanding the crucial product segments and their perspective.

Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Laser Capture Global Azelaic Acid Manufacturing for Industrial Use Market.  

Even the Laser Capture Global Azelaic Acid Manufacturing for Industrial Use Market economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.

This report provides a more rapid standpoint on various driving facets or controlling Medical Robotic System promote advantage.

This worldwide Locomotive report provides a pinpoint test for shifting dynamics that are competitive.

 The key questions answered in this report:

What will be the Market Size and Growth Rate in the forecast year?

What is the Key Factors driving Laser Global Azelaic Acid Manufacturing for Industrial Use Market?  

What are the Risks and Challenges in front of the market?

Who are the Key Vendors in Global Azelaic Acid Manufacturing for Industrial Use Market?  

What are the Trending Factors influencing the market shares?

What is the Key Outcomes of Porter’s five forces model

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Sodium Benzoate Prices, News, Trend, Graph, Chart, Forecast and Historical 

Sodium Benzoate is a widely used preservative in various industries, including food, beverages, pharmaceuticals, and cosmetics, which makes its market dynamics crucial for multiple sectors globally. The prices of sodium benzoate are influenced by several factors, including raw material costs, manufacturing processes, regional supply-demand dynamics, regulatory policies, and broader economic conditions. As a derivative of benzoic acid, the cost of production is heavily tied to the availability and pricing of toluene, a key feedstock derived from crude oil. Any fluctuations in crude oil prices inevitably cascade down to impact the cost structure of sodium benzoate, often leading to price volatility.

Global demand plays a pivotal role in shaping the sodium benzoate market. The food and beverage industry, as the largest consumer, requires sodium benzoate for its effectiveness as a preservative, especially in acidic products like soft drinks, salad dressings, and fruit juices. This sector's growth is fueled by urbanization, changing consumer lifestyles, and the increasing preference for convenience foods, which in turn exerts upward pressure on sodium benzoate prices. Additionally, the pharmaceutical industry’s use of sodium benzoate in medicines and syrups, along with its application in cosmetics and personal care products, further bolsters demand. Rising consumer awareness about product safety and shelf life ensures that the demand for this preservative remains steady, contributing to stable or increasing price trends.

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Regional dynamics also significantly impact sodium benzoate pricing. Asia-Pacific, being a major manufacturing hub for sodium benzoate, benefits from lower production costs due to the availability of inexpensive raw materials and labor. This region often exports to North America and Europe, where stricter environmental regulations and higher labor costs can drive up the local production costs, making imported sodium benzoate a more economical option. However, geopolitical factors, trade policies, and tariffs can disrupt this balance, causing price fluctuations across regions. For instance, any trade restrictions or import duties on raw materials or finished goods can lead to localized supply shortages and subsequent price surges.

Sustainability concerns and regulatory frameworks are increasingly influencing sodium benzoate prices. With growing environmental awareness, regulatory bodies across the globe are tightening rules on chemical production and usage. Compliance with these regulations often necessitates investment in cleaner production technologies, which can elevate manufacturing costs and thereby increase market prices. Moreover, stringent food safety standards in developed regions like North America and Europe require manufacturers to ensure high-quality sodium benzoate, further influencing pricing trends.

Technological advancements in production methods are also shaping the sodium benzoate market. Innovations aimed at enhancing production efficiency and reducing environmental impact have the potential to stabilize costs in the long term. For example, the adoption of bio-based processes to produce sodium benzoate could mitigate dependence on petrochemical-derived feedstocks, offering a sustainable and potentially cost-effective alternative. However, these technologies require substantial initial investments, which could lead to short-term price hikes before economies of scale are achieved.

Market competition is another critical factor influencing sodium benzoate prices. The market is fragmented, with numerous players ranging from large multinational corporations to smaller regional manufacturers. Intense competition often leads to price wars, especially in regions with high production capacities like Asia-Pacific. On the other hand, consolidation in the industry through mergers and acquisitions can reduce competition and lead to price stabilization or even increases. Additionally, the branding and quality differentiation strategies adopted by manufacturers can create price variability, with premium products commanding higher prices.

Environmental and health concerns associated with sodium benzoate are also shaping consumer preferences and regulatory policies, indirectly impacting market prices. While sodium benzoate is generally recognized as safe by regulatory bodies like the FDA, concerns about its potential health effects, especially in large quantities or when combined with ascorbic acid, have prompted some manufacturers to seek alternative preservatives. This shift in consumer and industry preference can affect demand patterns, influencing pricing trends over time.

Looking ahead, the sodium benzoate market is expected to grow steadily, driven by its indispensable role in key industries. Emerging economies in Asia, Africa, and South America present significant growth opportunities due to increasing urbanization, rising disposable incomes, and expanding food and beverage sectors. However, the market is not without challenges, as factors such as rising energy costs, raw material price volatility, and stringent environmental regulations pose potential risks to price stability. To remain competitive, manufacturers must invest in sustainable production practices, explore cost-efficient technologies, and adapt to evolving consumer preferences.

In conclusion, the sodium benzoate market is shaped by a complex interplay of factors, including raw material costs, regulatory pressures, technological advancements, and global demand dynamics. While the market is poised for growth, manufacturers and stakeholders must navigate challenges related to cost pressures and sustainability to ensure long-term price stability and market competitiveness. With its critical role in extending shelf life and ensuring product safety, sodium benzoate will continue to be a key ingredient across industries, driving its relevance and impact on global markets.

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2-[(4,6-DIMETHOXYPYRIMIDIN-2-YL)THIO]BENZOIC ACID CAS 110284-79-2 Market Size 2021 Industry Share, Trends and Forecast 2027

"

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The report then delivers an absolute overview of prime players by the weightlessness of their product definition, company summary, and business strategy at intervals in the market. It elaborates on the market competitors, their product portfolios, new product launches, and other market dynamics. An overview of the market with respect to market size, shares, sales patterns, and pricing structures has also been given in the report. Detailed segmentation of the global 2-[(4,6-DIMETHOXYPYRIMIDIN-2-YL)THIO]BENZOIC ACID CAS 110284-79-2 market, on the basis of type and application, and a descriptive structure of trends of the segments and sub-segments are elaborated in the report.

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Report offers: 1. Insights into the intact market structure, scope, profitability, and potential. 2. Precise assessment of market size, share, demand, and sales volume. 3. Authentic estimations for revenue generation and 2-[(4,6-DIMETHOXYPYRIMIDIN-2-YL)THIO]BENZOIC ACID CAS 110284-79-2 Market development. 4. Thorough study of 2-[(4,6-DIMETHOXYPYRIMIDIN-2-YL)THIO]BENZOIC ACID CAS 110284-79-2 Market companies including organizational and financial status. 5. Perception of crucial market segments including, forecast study. 6. Acumen of upcoming opportunities and potential threats and risks in the market.

By Market Verdors: Company A Company B Company C Company D … By Types: Type A Type B Others By Applications: Application A Application B Application C

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Key Elements Discussed In The Report: The report then discusses important dynamics on the business drivers that have a major impact on the performance are given in the report. The business drivers are important to the business operations and financial results of the industry. All the drivers are determined in the research study using market analysis. The report is comprehensive coverage of the existing and potential markets along with their assessment of their competitive position in the changing market scenario. It scrutinizes in-depth global market trends and outlook coupled with the factors dr iving the global 2-[(4,6-DIMETHOXYPYRIMIDIN-2-YL)THIO]BENZOIC ACID CAS 110284-79-2 market, as well as those hindering it.

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Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

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Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Benzoic acid market research is a 190 slide report which contains depth analysis on historical and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. To know more visit our website at https://www.chemintel360.com/report-details.php?id=3

[researge]

Benzoic Acid Market : Key Players, Growth, Analysis, 2014 – 2030

Analysis of the Benzoic Acid Market

A new comprehensive market study on BENZOIC ACID MARKET provides a detailed overview of the demand and consumption patterns of Benzoic Acid Market. This market study describes the global market of Benzoic Acid Market, with focus on major countries and their subsequent demand across different market segments, technologies, and end-use industries of Benzoic Acid Market. In-depth market analysis on Benzoic Acid Market in terms of volume and value for each segment across key countries spread across six regions has been provided in the report.

The study offers market commentary revolving around a number of factors including, but not limited to Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, end-use Industry / Applications Markets, Reasoning & Analysis, Insightful Commentary, Comparative Analysis, Latest Trends and market developments, Strategic Issues and Recommendations and Business Opportunity Assessment.

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Prismane Consulting has its own in-house integrated chemical, petrochemicals, polymers, and fertilizers (Demand-supply models). Part of these models is the beginning point of the detailed database of existing Benzoic Acid Market model which includes the existing information on major players and demand. Further, the existing model has been updated for under construction, new investments, and any other recent developments. Prismane Consulting has developed its own growth outlook for Benzoic Acid Market to build a complete demand-supply analysis for major countries and regions.

demand data is continually updated for petrochemicals. The statistics regarding demand for major countries are mainly obtained from government sources like Ministry of commerce, Statistics and Economics Department, Foreign Trade Departments, and other trade associations for all products where data is available. For smaller countries, Prismane Consulting estimates based on the opinions, industry-based estimates, and suggestions. 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.

Determining the impacts of the global COVID-19 pandemic remains a key question across different industry verticals. Global chemicals markets have witnessed high growths since bouncing back from the economic crises in 2008-2009. However, the global pandemic has now altered the global industry landscape and has had a negative impact on the global markets. Considering the above pointers, a separate section focusing on conservative, optimistic and pessimistic scenarios has been covered as a part of study.

Prismane Consulting Study Key pointers

Detailed Demand Analysis including real-world scenario discussions

Market / Product Outlook (Historical, Short, Mid and Long-term forecast)

Strategic Analysis and High-level information on Market Entry, Best Strategies adopted, Business Opportunities & Challenges

Target Markets

Segmentation  

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

Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2014 – 2030)

     Strategic Issues

     Capacity Analysis – Plants & Projects

     Demand-Supply Analysis and Forecast (2014 – 2030)

                      Capacity

Production

Operating Rate

Import

Export

Net Trade

Demand

Demand Growth Rate (%)

Benzoic Acid Market, By Application

Benzoic Acid Market, By  End Use Industry

Benzoic Acid Market, Regional Analysis

North America

Central & South America

Western Europe

Central & Eastern Europe

Asia-Pacific

Middle East & Africa

Why Prismane Consulting?

Chemical Science, Engineering, Oil & Gas, Finance, Economics and Business backgrounds

Real-world industry, consulting, and market research experience

Average work experience of 10+ years

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Prismane Consulting is a global consulting firm serving leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We are a leading provider of in-depth technical and management consulting services and have been advising clients on their key strategic issues solving their most critical business problems.

The Chemicals & Energy Practice also offers its clients market studies, strategy and business opportunity assessment reports related to refining, Chemicals, Petrochemicals, Plastic & Polymers, Coatings, Materials, Power & Utilities and other energy sources and products.

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Powder Sorbic Acid Market cross US$ 700 Mn by 2030

Clearance from FDA and Regulatory Bodies as ‘Safe to Use’ Product to Increase Consumption

The demand for sorbic acid has witnessed a gradual rise over the past few decades from several industrial domains. The growing interest in organic and natural acids is one of the primary factors expected to boost the growth of the sorbic acid market in the upcoming years. As new trends and consumer preferences garner momentum worldwide, the adoption of sorbic acid, particularly in the food & beverages industry has surged at a steady pace. While the food & beverages industry is projected to provide a safe haven for the players involved in the sorbic acid market, other industrial domains, including cosmetics & personal care, pharmaceutical, animal feed, and chemical are projected to provide lucrative opportunities.

The increasing adoption of sorbic acid as a food preservative is expected to provide considerable boost to the market for sorbic acid during the assessment period. Moreover, as the FDA has classified sorbic acid as ‘safe for regular use’, the demand has consistently moved in the upward trajectory. The growing demand for ‘clean label’ food products is another factor that is expected to propel the growth of the global sorbic acid market in the upcoming decade. At the back of these factors, the global sorbic acid market is anticipated to surpass the market value of US$ 700 Mn by the end of 2030.

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Growing Adoption as Food Preservative to Boost Market Growth

The food & beverages industry is expected to remain the primary end-use industry of sorbic acid. Over the past couple of decades, natural acids, including propionic, sorbic, and benzoic acid are increasingly being used as preservatives in the food industry. Sorbic acid is also naturally present in a range of food and beverages such as cheese, wine, fish, meat, pastries, etc. The increasing demand for sorbic acid salts is another key factor likely to have a direct impact on the demand for sorbic acid.

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The favorable soluble properties of sorbic acid salts are one of the primary factors due to which, the demand for sorbic acid salts is currently increasing in comparison with that of sorbic acid, especially in the food & beverages industry. While sorbic acid salts continue to gain worldwide popularity, sorbic acids have emerged as the primary preservative in food applications due to the ideal antimicrobial activity and ability to inhibit the growth of molds, bacteria, and yeast. Innovations and research activities across the food & beverages industry pertaining to different ingredients is another major factor estimated to widen the application area of sorbic acid during the assessment period.

While the food & beverages industry is likely to remain at the forefront in terms of demand, the adoption of sorbic acid in the manufacturing of personal care and cosmetic products is also on the rise– a factor that is expected to propel the global sorbic acid market. Sorbic acid is increasingly being used in the formulation of the eye and facial makeup and a range of hair and skincare products.

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Demand for Sorbic Acid to Remain Steady amid COVID-19 Pandemic

The global sorbic acid market is slated to expand at a steady pace during the COVID-19 pandemic. Although the demand for sorbic acid is expected to drop in comparison with that in 2019, the COVID-19 pandemic is likely to have a short-term impact on the market growth. The demand for sorbic acid from the food & beverages sector continues to remain a major driving factor for the market during the ongoing COVID-19 crisis. In addition, research and development activities are projected to continue during the pandemic, as governments in several nations have exempted research and development activities from lockdown policies. Moreover, the packaging sector has emerged as one of the key end-use industries of sorbic acid, as the demand for antimicrobial packaging films made from sorbic acid-based coating has surged in 2020. Anti-microbial packaging films with sorbic acid-based coatings have emerged as a promising packaging alternative – a trend that is anticipated to gain considerable momentum in the upcoming years.

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Analysts’ Viewpoint

The global sorbic acid market is expected to expand at a moderate CAGR of ~5%, in terms of value, during the assessment period. The market growth is primarily driven by the growing adoption of sorbic acid as a preservative in food applications, and increasing demand for natural and clean label preservatives. In addition, rising adoption of sorbic acid in the manufacturing of personal and cosmetic products is another major factor that will provide a boost to the sorbic acid market in the upcoming years. Market players should focus on improving the functional characteristics of sorbic acid and increasing their production capacity to gain a competitive edge.  

Sorbic Acid Market: Overview

In terms of value, the sorbic acid market is expected to cross US$ 700 Mn by 2030

Rise in demand for sorbic acid, owing to its wide applicability in food & beverages and pharmaceutical applications is anticipated to boost the global sorbic acid market during the forecast period

Food & beverages is projected to be a highly lucrative application segment of the global sorbic acid market in the near future

Sorbic Acid Market: Key Drivers and Restraints

In the pharmaceutical industry, many of the ingredients used in formulations have the ability to promote microbial growth. Such formulations are susceptible to unwanted contamination. Antimicrobial agents or preservatives are added to formulations to prevent contamination. Preservatives protect products against microbial proliferation. Sorbic acid and its salt and potassium sorbate are antimicrobial agents often used as preservatives in medicines to prevent the growth of microorganisms. They are used in a wide range of medicines, including Biaxin 500 mg and Clarithromycin 250 mg. Therefore, increase in demand for sorbic acid, owing to their extensive use in the pharmaceutical sector is expected to drive the global sorbic acid market during the forecast period.

The global pharmaceutical industry has been expanding. According to India Brand Equity Foundation (IBEF), the domestic pharmaceutical market turnover reached US$ 20.03 Bn in 2019 from US$ 18.12 Bn in 2018, exhibiting an increment of 9.8%. The Government of India is also taking initiatives to promote the pharmaceutical sector in the country. For instance, India plans to set up a nearly US$ 1.3 Bn fund to provide boost to companies to manufacture pharmaceutical ingredients domestically by 2023. Therefore, growth in the pharmaceutical sector is anticipated to propel the demand for preservatives such as sorbic acid, as it helps prevent the growth of microorganisms. This is estimated to boost the global sorbic acid market.

In rare cases, consumption of sorbic acid tends leads to side effects. In some cases, allergic contact dermatitis occurs when a cosmetic cream containing sorbic acid is applied on the skin. In extremely rare cases, toxic reactions to sorbic acid occur when handling it in its pure, undiluted form. This is expected to restrain the sorbic acid market during the forecast period.

Sorbic Acid Market: Major Forms

Based on form, the global sorbic acid market has been bifurcated into powder and encapsulated

Powder is expected to remain the high-value form segment of the global sorbic acid market in the near future. This trend is anticipated to continue during the forecast period. The encapsulated segment of the global sorbic acid market has been expanding at a sluggish pace since the last few years. Its CAGR is anticipated to remain stagnant during the forecast period.

Sorbic Acid Market: Prominent Applications

Based on application, the global sorbic acid market has been divided into food & beverages, animal feed, pharmaceuticals, cosmetics, chemical production, and others

The food & beverages segment is estimated to dominate the global sorbic acid market during the forecast period. Sorbic acid is used as a preservative in a wide range of food and beverages, including dairy, meat, fish, vegetables, fruits, bakery, emulsions, wine, and fruit drinks. Advantages of sorbic acid in food and beverages include broad antibacterial spectrum of activity; lack of effect on organoleptic properties of food; good activity in less acidic conditions (compared to propionate or benzoate), and safety.

North America to be Highly Lucrative Region of Sorbic Acid Market

In terms of demand, the U.S. has been a lucrative country of the global sorbic acid market since the past few years. The country accounts for more than 85% share of the sorbic acid market in North America.

North America is estimated to dominate the global sorbic acid market during the forecast period. The U.S. Food and Drug Administration considers sorbic acid to be safe for regular usage, as it is not linked to cancer or other major health issues. Some people can be allergic to sorbic acid, but reactions are typically mild and consist of light skin itching.

Sorbic Acid Market: Competition Landscape

Key manufacturers operating in the global sorbic acid market include –

Celanese Corporation

Wanglong Tech Co., Ltd.

Sorbic International PLC

Daicel Nanning Food Ingredients Co., Ltd.

Nantong Acetic Acid Chemical Co., Ltd.