Global Benzoic acid Market - Trends, COVID-19 impact and Growth Forecasts to 2029
Global Benzoic acid Market by application (Benzoates, Benzoyl Chloride, Benzoate Plasticizer, Alkyd Resin, Animal Feed Additive, and Others), by end use (Food, Chemical, Pharmaceutical, and Others), by region (Asia-Pacific, North America, Europe, South America, Middle East and Africa), with forecasts till 2029 (value and volume)
Global Benzoic Acid Market - Trends, COVID-19 impact and Growth Forecasts to 2029
The global Benzoic Acid market was valued at US$1.08 billion in 2021 and is expected to grow at a CAGR of 3.9% over 2022-2029 mainly due to growing demand of the chemical as a preservative from food and beverages industry.
ChemIntel360’s global Benzoic Acid market study is a 210 slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. The study offers granular value and volume data from a global, regional, applications, and end-use industry perspective.
For the purpose of this study, we have considered the base year to be 2021, the historical period to run through 2018-2021 and the forecast period from 2022-2029.
Figure 1: Global Benzoic Acid Market during 2018-2029 in US$ billion
Analysis by end use industry
Benzoic Acid market is segmented into Food, Chemical, Pharmaceuticals and Others in terms of end use industry.
The food & beverages segment dominated the Benzoic Acid market in 2021 with a share of 40% in 2021. The increasing urbanization and hectic life schedules are the key factors which contribute to the growing demand for processed food items. The chemical, which is used as sodium benzoate is mostly utilized as a leading preservative in the food industry. Growing demand of the food across the world is expected to the growth.
Figure 2: Global Benzoic Acid Market by End-use in 2021
Analysis by application
Benzoic Acid market is segmented into Benzoates, Benzoyl Chloride, Benzoate Plasticizer, Alkyd resin, Animal feed additive, and Others in terms of application.
Benzoates in the form of plasticizers are mostly utilized in the building and construction sector in the flooring and wall coverings. Recently, research experts have observed that phthalate-based plasticizers can potentially lead to breast cancer as well as neurodevelopmental disorders. Therefore, there is a strong demand for non-phthalate plasticizers such as benzoates.
Figure 3: Global Benzoic Acid Market by Application in 2021
Regional markets analysis
The APAC region held the dominant share in the benzoic acid market, mostly due to extensive usage in the different end-user industries. In addition to the food industries, the growing per capita plastic usage in emerging economies has led to growing use of plasticizers, leading to the growth of the benzoic acid market. The animal feed industry has is also attaining maturing in various Asian countries such as India, which is again boosting the demand for benzoic acid in the region.
Figure 4: Global Benzoic Acid Market by region in 2021
Insights on Key Markets:
China was the largest market and was valued at US$0.3 billion in 2021. Growing demand of the plasticizers in the production of pipe, flooring, and wall covering used in the construction sector would drive the growth of the Benzoic Acid market.
The U.S. market was valued at US$0.1 billion in 2021. This can be attributed to the growing use of the Plasticizers in the consumer goods and packaging applications. In addition, introduction of the U.S infrastructure bill as well as increase in home renovation projects would contribute to the growth of the Benzoic Acid market.
Figure 5: Global Benzoic Acid Market by Key Countries in 2021
Market Dynamics
Trend
Benzoic Acid is increasingly utilized as a key ingredient in cosmetic and personal care products such as perfumes, hair creams, and shaving cream products. Increasing purchasing power in the emerging economies would contribute to the growth of personal care products and subsequently the Benzoic Acid market.
Drivers
The consumer's tilt towards ready-made food-based goods such as snacks, and fruit juices to meet their everyday meal requirements has led to a strong demand in preservatives. Preservatives such as benzoic acid play a vital role in production of processed food and beverage products. The growing number of food and beverage manufacturing units in emerging economies such as India and China, and others are driving the demand for benzoic acids.
Opportunities
The phthalate plasticizers substitution with non-phthalate counterparts particularly in developed economies of European and North American regions would provide a key opportunity for the existing the benzoic acid producers to enhance their share in the market. Growing use of non-phthalate plasticizers along with drop in their overall costs would aid in the development of this market.
Restraints
Strong volatility in Toluene which is used as a key raw material in the production of Benzoic Acid is expected to dampen the growth of the Benzoic Acid market. In addition, strict guidelines related to preservatives usage in developed countries can hinder the growth of the market.
Covid Impact
The COVID-19 induced lockdowns have adversely impacted the global Benzoic Acid market. The lockdowns resulted in the closure of many manufacturing plants and construction activities around the world, which drastically reduced both supply and demand for these chemicals and the end products such as plasticizers.
However, with countries recovering from the pandemic, industrial and construction activities are reaching pre-pandemic levels, which augur well for the demand for Benzoic Acid in the future.
Key Companies
The key companies present in the market are Emerald Performance Materials, Eastman Chemical Company, Reliance Industries, Choice Organochem, Wuhan Youji Industries Co., PAT Impex, Sinteza, Tianjin Dongda Chemical Group, Swastik Industries and Liao Ning Huayi Chemical Industry & Commerce Co.
Developments
Lanxess acquired the key chemicals manufacturer Emerald Kalama for US$1.1 billion on February 2021.
Scope of the Global Benzoic Acid report
This report provides analysis of the latest industry trends and estimates revenue and volume growth at global, regional, and country levels. For this report, ChemIntel360 has segmented the global Benzoic Acid market based on application, end use industry and region.
Insights on Application (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Benzoates
- Benzoyl Chloride
- Benzoate Plasticizer
- Alkyd Resin
- Animal Feed Additive
- Others
Insights on End-use (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Food
- Chemical
- Pharmaceutical
- Others
Insights on Regional market (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 impact
Chapter-2: Segment Analysis
2.1.1 Market overview, 2018-2029 (US$ billion)
2.1.2 Market overview, 2018-2029 (million tons)
2.2.1 Benzoic acid market: Benzoates (US$ billion)
2.2.2 Benzoic acid market: Benzoates (million tons)
2.3.1 Benzoic acid market: Benzoyl Chloride (US$ billion)
2.3.2 Benzoic acid market: Benzoyl Chloride (million tons)
2.4.1 Benzoic acid market: Benzoate Plasticizer (US$ billion)
2.4.2 Benzoic acid market: Benzoate Plasticizer (US$ million tons)
2.5.1 Benzoic acid market: Alkyd resin (US$ billion)
2.5.2 Benzoic acid market: Alkyd resin (million tons)
2.7.1 Benzoic acid market: Animal feed additive (US$ billion)
2.7.2 Benzoic acid market: Animal feed additive (million tons)
2.7.1 Benzoic acid market: Others (US$ billion)
2.7.2 Benzoic acid market: Others (million tons)
Chapter-3: Regional Analysis
3.1 Market overview, 2018-2029
3.2.1 Market overview, 2018-2029 (US$ billion)
3.2.2 Market overview, 2018-2029 (million tons)
3.3.1 Benzoic acid market: Asia Pacific (US$ billion)
3.3.2 Benzoic acid market: Asia Pacific (million tons)
3.4.1 Benzoic acid market: North America (US$ billion)
3.4.2 Benzoic acid market: North America (US$ billion)
3.5.1 Benzoic acid market: Europe (US$ billion)
3.5.2 Benzoic acid market: Europe (million tons)
3.6.1 Benzoic acid market: South America (US$ billion)
3.6.2 Benzoic acid market: South America (million tons)
3.7.1 Benzoic acid market: Middle East and Africa (US$ billion)
3.7.2 Benzoic acid market: Middle East and Africa (million tons)
Chapter-4: Regional market Analysis by Application
4.1 Benzoic acid regional market application composition
4.1.1 Benzoic acid market: APAC Benzoates (US$ billion)
4.1.2 Benzoic acid market: APAC Benzoates (million tons)
4.2.1 Benzoic acid market: APAC Benzoyl Chloride (US$ billion)
4.2.2 Benzoic acid market: APAC Benzoyl Chloride (million tons)
4.3.1 Benzoic acid market: APAC Benzoate Plasticizer (US$ billion)
4.3.2 Benzoic acid market: APAC Benzoate Plasticizer (million tons)
4.4.1 Benzoic acid market: APAC Alkyd resin (US$ billion)
4.4.2 Benzoic acid market: APAC Alkyd resin (million tons)
4.5.1 Benzoic acid market: APAC Animal feed additive (US$ billion)
4.5.2 Benzoic acid market: APAC Animal feed additive (million tons)
4.6.1 Benzoic acid market: APAC Others (US$ billion)
4.6.2 Benzoic acid market: APAC Others (million tons)
4.7.1 Benzoic acid market: North America Benzoates (US$ billion)
4.7.2 Benzoic acid market: North America Benzoates (million tons)
4.8.1 Benzoic acid market: North America Benzoyl Chloride (US$ billion)
4.8.2 Benzoic acid market: North America Benzoyl Chloride (million tons)
4.9.1 Benzoic acid market: North America Benzoate Plasticizer (US$ billion)
4.9.2 Benzoic acid market: North America Benzoate Plasticizer (million tons)
4.10.1 Benzoic acid market: North America Alkyd resin (US$ billion)
4.10.2 Benzoic acid market: North America Alkyd resin (million tons)
4.11.1 Benzoic acid market: North America Animal feed additive (US$ billion)
4.11.2 Benzoic acid market: North America Animal feed additive (million tons)
4.12.1 Benzoic acid market: North America Others (US$ billion)
4.12.2 Benzoic acid market: North America Others (million tons)
4.13.1 Benzoic acid market: Europe Benzoates (US$ billion)
4.13.2 Benzoic acid market: Europe Benzoates (million tons)
4.14.1 Benzoic acid market: Europe Benzoyl Chloride (US$ billion)
4.14.2 Benzoic acid market: Europe Benzoyl Chloride (million tons)
4.15.1 Benzoic acid market: Europe Benzoate Plasticizer (US$ billion)
4.15.2 Benzoic acid market: Europe Benzoate Plasticizer (million tons)
4.16.1 Benzoic acid market: Europe Alkyd resin (US$ billion)
4.16.2 Benzoic acid market: Europe Alkyd resin (million tons)
4.17.1 Benzoic acid market: Europe Animal feed additive (US$ billion)
4.17.2 Benzoic acid market: Europe Animal feed additive (million tons)
4.18.1 Benzoic acid market: Europe Others (US$ billion)
4.18.2 Benzoic acid market: Europe Others (million tons)
4.19.1 Benzoic acid market: South America Benzoates (US$ billion)
4.19.2 Benzoic acid market: South America Benzoates (million tons)
4.20.1 Benzoic acid market: South America Benzoyl Chloride (US$ billion)
4.20.2 Benzoic acid market: South America Benzoyl Chloride (million tons)
4.21.1 Benzoic acid market: South America Benzoate Plasticizer (US$ billion)
4.21.2 Benzoic acid market: South America Benzoate Plasticizer (million tons)
4.22.1 Benzoic acid market: South America Alkyd resin (US$ billion)
4.22.2 Benzoic acid market: South America Alkyd resin (million tons)
4.23.1 Benzoic acid market: South America Animal feed additive (US$ billion)
4.23.2 Benzoic acid market: South America Animal feed additive (million tons)
4.24.1 Benzoic acid market: South America Others (US$ billion)
4.24.2 Benzoic acid market: South America Others (million tons)
4.25.1 Benzoic acid market: Middle East and Africa Benzoates (US$ billion)
4.25.2 Benzoic acid market: Middle East and Africa Benzoates (million tons)
4.26.1 Benzoic acid market: Middle East and Africa Benzoyl Chloride (US$ billion)
4.26.2 Benzoic acid market: Middle East and Africa Benzoyl Chloride (million tons)
4.27.1 Benzoic acid market: Middle East and Africa Benzoate Plasticizer (US$ billion)
4.27.2 Benzoic acid market: Middle East and Africa Benzoate Plasticizer (million tons)
4.28.1 Benzoic acid market: Middle East and Africa Alkyd resin (US$ billion)
4.28.2 Benzoic acid market: Middle East and Africa Alkyd resin (million tons)
4.29.1 Benzoic acid market: Middle East and Africa Animal feed additive (US$ billion)
4.29.2 Benzoic acid market: Middle East and Africa Animal feed additive (million tons)
4.30.1 Benzoic acid market: Middle East and Africa Others (US$ billion)
4.30.2 Benzoic acid market: Middle East and Africa Others (million tons)
Chapter-5: Markets Analysis by Type
5.1 Benzoic acid regional market application composition
5.1.1 Benzoic acid market: APAC Food (US$ billion)
5.1.2 Benzoic acid market: APAC Food (million tons)
5.2.1 Benzoic acid market: APAC Chemical (US$ billion)
5.2.2 Benzoic acid market: APAC Chemical (million tons)
5.3.1 Benzoic acid market: APAC Pharmaceutical (US$ billion)
5.3.2 Benzoic acid market: APAC Pharmaceutical (million tons)
5.4.1 Benzoic acid market: APAC Others (US$ billion)
5.4.2 Benzoic acid market: APAC Others (million tons)
5.5.1 Benzoic acid market: North America Food (US$ billion)
5.5.2 Benzoic acid market: North America Food (million tons)
5.6.1 Benzoic acid market: North America Chemical (US$ billion)
5.6.2 Benzoic acid market: North America Chemical (million tons)
5.7.1 Benzoic acid market: North America Pharmaceutical (US$ billion)
5.7.2 Benzoic acid market: North America Pharmaceutical (million tons)
5.8.1 Benzoic acid market: North America Others (US$ billion)
5.8.2 Benzoic acid market: North America Others (million tons)
5.9.1 Benzoic acid market: Europe Food (US$ billion)
5.9.2 Benzoic acid market: Europe Food (million tons)
5.10.1 Benzoic acid market: Europe Chemical (US$ billion)
5.10.2 Benzoic acid market: Europe Chemical (million tons)
5.11.1 Benzoic acid market: Europe Pharmaceutical (US$ billion)
5.11.2 Benzoic acid market: Europe Pharmaceutical (million tons)
5.12.1 Benzoic acid market: Europe Others (US$ billion)
5.12.2 Benzoic acid market: Europe Others (million tons)
5.13.1 Benzoic acid market: South America Food (US$ billion)
5.13.2 Benzoic acid market: South America Food (million tons)
5.14.1 Benzoic acid market: South America Chemical (US$ billion)
5.14.2 Benzoic acid market: South America Chemical (million tons)
5.15.1 Benzoic acid market: South America Pharmaceutical (US$ billion)
5.15.2 Benzoic acid market: South America Pharmaceutical (million tons)
5.16.1 Benzoic acid market: South America Others (US$ billion)
5.16.2 Benzoic acid market: South America Others (million tons)
5.17.1 Benzoic acid market: Middle East and Africa Food (US$ billion)
5.17.2 Benzoic acid market: Middle East and Africa Food (million tons)
5.18.1 Benzoic acid market: Middle East and Africa Chemical (US$ billion)
5.18.2 Benzoic acid market: Middle East and Africa Chemical (million tons)
5.19.1 Benzoic acid market: Middle East and Africa Pharmaceutical (US$ billion)
5.19.2 Benzoic acid market: Middle East and Africa Pharmaceutical (million tons)
5.20.1 Benzoic acid market: Middle East and Africa Others (US$ billion)
5.20.2 Benzoic acid market: Middle East and Africa Others (million tons)
Chapter-6: Key Markets Analysis
6.1 Benzoic acid key market size composition
6.1.1 Market overview, 2018-2029 (US$ billion)
6.1.2 Market overview, 2018-2029 (million tons)
6.2.1 Benzoic acid market: US, North America (US$ billion)
6.2.2 Benzoic acid market: US, North America (million tons)
6.3.1 Benzoic acid market: Canada, North America (US$ billion)
6.3.2 Benzoic acid market: Canada, North America (million tons)
6.4.1 Benzoic acid market: Mexico, North America (US$ billion)
6.4.2 Benzoic acid market: Mexico, North America (million tons)
6.5.1 Benzoic acid market: Germany, Europe (US$ billion)
6.5.2 Benzoic acid market: Germany, Europe (million tons)
6.6.1 Benzoic acid market: Italy, Europe (US$ billion)
6.6.2 Benzoic acid market: Italy, Europe (million tons)
6.7.1 Benzoic acid market: France, Europe (US$ billion)
6.7.2 Benzoic acid market: France, Europe (million tons)
6.8.1 Benzoic acid market: China, Asia Pacific (US$ billion)
6.8.2 Benzoic acid market: China, Asia Pacific (million tons)
6.9.1 Benzoic acid market: India, Asia Pacific (US$ billion)
6.9.2 Benzoic acid market: India, Asia Pacific (million tons)
6.10.1 Benzoic acid market: Japan, Asia Pacific (US$ billion)
6.10.2 Benzoic acid market: Japan, Asia Pacific (million tons)
6.11.1 Benzoic acid market: Brazil, South America (US$ billion)
6.11.2 Benzoic acid market: Brazil, South America (million tons)
6.12.1 Benzoic acid market: Argentina, South America (US$ billion)
6.12.2 Benzoic acid market: Argentina, South America (million tons)
6.13.1 Benzoic acid market: Colombia, South America (US$ billion)
6.13.2 Benzoic acid market: Colombia, South America (million tons)
6.14.1 Benzoic acid market: South Africa, Middle East and Africa (US$ billion)
6.14.2 Benzoic acid market: South Africa, Middle East and Africa (million tons)
6.15.1 Benzoic acid market: UAE, Middle East and Africa (US$ billion)
6.15.2 Benzoic acid market: UAE, Middle East and Africa (million tons)
6.16.1 Benzoic acid market: Saudi Arabia, Middle East and Africa (US$ billion)
6.16.2 Benzoic acid market: Saudi Arabia, Middle East and Africa (million tons)
Chapter 7: Company Profile
7.1 Emerald Performance Materials
7.2 Eastman Chemical Company
7.3 Reliance Industries
7.4 Choice Organochem
7.5 Wuhan Youji Industries Co.
7.6 PAT Impex
7.7 Sinteza
7.8 Tianjin Dongda Chemical Group
7.9 Swastik Industries
7.10 Liao Ning Huayi Chemical Industry & Commerce Co
Appendix
Glossary of terms
Disclaimer
About Us
List of Tables
Table 1: By value: Benzoic acid market by application during 2018-2029 in US$ billion
Table 2: By volume: Benzoic acid market by segment during 2018-2029 in million tons
Table 3: By value: Benzoic acid Market by region during 2018-2029 in US$ billion
Table 4: By volume: Benzoic acid Market by region during 2018-2029 in
million tons
Table 5: By Value: key Benzoic acid markets in US$ billion
Table 6: By Volume: key Benzoic acid markets in million tons
List of Figures
Figure 1: By value: Benzoic acid market segment share during 2018-2029 in %
Figure 2: By volume: Benzoic acid market segment share during 2018-2029 in %
Figure 3: By value: Share of Benzoates in Benzoic acid market during 2018-2029 in %
Figure 4: By value: Benzoates market segment during 2018-2029 in US$ billion
Figure 5: By volume: Share of Benzoates market during 2018-2029 in %
Figure 6: By volume: Benzoates market during 2018-2029 in million tons
Figure 7: By value: Share of Benzoyl Chloride market during 2018-2029 in %
Figure 8: By value: Benzoyl Chloride market during 2018-2029 in US$ billion
Figure 9: By volume: Share of Benzoyl Chloride market during 2018-2029 in %
Figure 10: By volume: Benzoyl Chloride market during 2018-2029
in million tons
Figure 11: By value: Share of Benzoate Plasticizer market during 2018-2029 in %
Figure 12: By value: Benzoate Plasticizer market during 2018-2029 in US$ billion
Figure 13: By volume: Share of Benzoate Plasticizer market during 2018-2029 in %
Figure 14: By volume: Benzoate Plasticizer market during 2018-2029 in million tons
Figure 15: By value: Share of Alkyd resin market during 2018-2029 in %
Figure 16: By value: Alkyd resin market during 2018-2029 in US$ billion
Figure 17: By volume: Share of Alkyd resin market during 2018-2029 in %
Figure 18: By volume: Alkyd resin market during 2018-2029 in million tons
Figure 19: By value: Animal feed additive market during 2018-2029 in US$ billion
Figure 20: By value: Share of Animal feed additive market during 2018-2029 in %
Figure 21: By volume: Animal feed additive market during 2018-2029 in million tons
Figure 22: By volume: Share of Animal feed additive market during 2018-2029 in %
Figure 23: By value: Others market during 2018-2029 in US$ billion
Figure 24: By value: Share of Others market during 2018-2029 in %
Figure 25: By volume: Others market during 2018-2029 in million tons
Figure 26: By volume: Share of Others market during 2018-2029 in %
Figure 27: By Value: key Benzoic acid regional markets in US$ billion
Figure 28: By Volume: key Benzoic acid regional markets in million tons
Figure 29: By value: Benzoic acid market region share during 2018-2029 in %
Figure 30: By volume: Phenol market region share during 2018-2029 in %
Figure 31: By value: Share of Asia Pacific market during 2018-2029 in %
Figure 32: By value: Asia Pacific market during 2018-2029 in US$ billion
Figure 33: By volume: Share of Asia Pacific market during 2018-2029 in %
Figure 34: By volume: APAC market during 2018-2029 in million tons
Figure 35: By value: Share of North America market during 2018-2029 in %
Figure 36: By value: North America market during 2018-2029 in US$ billion
Figure 37: By volume: Share of North America market during 2018-2029 in %
Figure 38: By volume: North America market during 2018-2029 in million tons
Figure 39: By value: Share of Europe market during 2018-2029 in
Figure 40: By value: Europe market during 2018-2029 in US$ billion
Figure 41: By volume: Share of Europe market during 2018-2029 in %
Figure 42: By volume: Europe market during 2018-2029 in million tons
Figure 43: By value: Share of South America market during 2018-2029 in %
Figure 44: By value: South America market during 2018-2029 in US$ billion
Figure 45: By volume: Share of South America market during 2018-2029 in %
Figure 46: By volume: South America market during 2018-2029 in million tons
Figure 47: By value: Share of Middle East and Africa market during 2018-2029 in %
Figure 48: By value: Middle East and Africa market during 2018-2029 in US$ billion
Figure 49: By volume: Share of Middle East and Africa market during
2018-2029 in %
Figure 50: By volume: Middle East and Africa market during 2018-2029
in million tons
Figure 51: By value: Share of APAC Benzoates market during 2018-2029 in %
Figure 52: By value: APAC Benzoates market during 2018-2029 in US$ billion
Figure 53: By volume: Share of APAC Benzoates market during 2018-2029 in %
Figure 54: By volume: APAC Benzoates market during 2018-2029 in million tons
Figure 55: By value: Share of APAC Benzoyl Chloride market during 2018-2029 in %
Figure 56: By value: APAC Benzoyl Chloride market during 2018-2029 in US$ billion
Figure 57: By volume: Share of APAC Benzoyl Chloride market during 2018-2029 in %
Figure 58: By volume: APAC Benzoyl Chloride market during 2018-2029 in million tons
Figure 59: By value: Share of APAC Benzoate Plasticizer market during 2018-2029 in %
Figure 60: By value: APAC Benzoate Plasticizer market during 2018-2029 in US$ billion
Figure 61: By volume: Share of APAC Benzoate Plasticizer market during 2018-2029 in %
Figure 62: By volume: APAC Benzoate Plasticizer market during 2018-2029 in million tons
Figure 63: By value: Share of APAC Alkyd resin market during 2018-2029 in %
Figure 64: By value: APAC Alkyd resin market during 2018-2029 in US$ billion
Figure 65: By volume: Share of APAC Alkyd resin market during 2018-2029 in %
Figure 66: By volume: APAC Alkyd resin market during 2018-2029 in million tons
Figure 67: By value: Share of APAC Animal feed additive market during 2018-2029 in %
Figure 68: By value: APAC Animal feed additive market during 2018-2029 in US$ billion
Figure 69: By volume: Share of APAC Animal feed additive market during 2018-2029 in %
Figure 70: By volume: APAC Animal feed additive market during 2018-2029 in million tons
Figure 71: By value: APAC Others market during 2018-2029 in US$ billion
Figure 72: By value: Share of APAC Others market during 2018-2029 in %
Figure 73: By volume: APAC Others market during 2018-2029 in million tons
Figure 74: By volume: Share of APAC Others market during 2018-2029 in %
Figure 75: By value: Share of North America Benzoates market during 2018-2029 in %
Figure 76: By value: North America Benzoates market during 2018-2029 in US$ billion
Figure 77: By volume: Share of North America Benzoates market during 2018-2029 in %
Figure 78: By volume: North America Benzoates market during 2018-2029 in million tons
Figure 79: By value: Share of North America Benzoyl Chloride market during 2018-2029 in %
Figure 80: By value: North America Benzoyl Chloride market during 2018-2029 in US$ billion
Figure 81: By volume: Share of North America Benzoyl Chloride market during 2018-2029 in %
Figure 82: By volume: North America Benzoyl Chloride market during 2018-2029 in million tons
Figure 83: By value: Share of North America Benzoate Plasticizer market during 2018-2029 in %
Figure 84: By value: North America Benzoate Plasticizer market during 2018-2029
in US$ billion
Figure 85: By volume: Share of North America Benzoate Plasticizer market during
2018-2029 in %
Figure 86: By volume: North America Benzoate Plasticizer market during 2018-2029
in million tons
Figure 87: By value: Share of North America Alkyd resin market during
2018-2029 in %
Figure 88: By value: North America Alkyd resin market during 2018-2029
in US$ billion
Figure 89: By volume: Share of North America Alkyd resin market during
2018-2029 in %
Figure 90: By volume: North America Alkyd resin market during 2018-2029
in million tons
Figure 91: By value: North America Animal feed additive market during 2018-2029 in %
Figure 92: By value: North America Animal feed additive market during 2018-2029 in US$ billion
Figure 93: By volume: Share of North America Animal feed additive market during
2018-2029 in %
Figure 94: By volume: North America Animal feed additive market during 2018-2029
in million tons
Figure 95: By value: North America Others market during 2018-2029 in US$ billion
Figure 96: By value: Share of North America Others market during 2018-2029 in %
Figure 97: By volume: North America Others market during 2018-2029 in million tons
Figure 98: By volume: Share of North America Others market during 2018-2029 in %
Figure 99: By value: Share of Europe Benzoates market during 2018-2029 in %
Figure 100: By value: Europe Benzoates market during 2018-2029 in US$ billion
Figure 101: By volume: Share of Europe Benzoates market during
2018-2029 in %
Figure 102: By volume: Europe Benzoates market during 2018-2029 in million tons
Figure 103: By value: Share of Europe Benzoyl Chloride market during
2018-2029 in %
Figure 104: By value: Europe Benzoyl Chloride market during 2018-2029
in US$ billion
Figure 105: By volume: Share of Europe Benzoyl Chloride market
during 2018-2029 in %
Figure 106: By volume: Europe Benzoyl Chloride market during
2018-2029 in million tons
Figure 107: By value: Share of Europe Benzoate Plasticizer market during
2018-2029 in %
Figure 108: By value: Europe Benzoate Plasticizer market during 2018-2029
in US$ billion
Figure 109: By volume: Share of Europe Benzoate Plasticizer solvent market during
2018-2029 in %
Figure 110: By volume: Europe Benzoate Plasticizer market during 2018-2029
in million tons
Figure 111: By value: Share of Europe Alkyd resin market during
2018-2029 in %
Figure 112: By value: Europe Alkyd resin market during 2018-2029
in US$ billion
Figure 113: By volume: Share of Europe Alkyd resin market during
2018-2029 in %
Figure 114: By volume: Europe Alkyd resin market during 2018-2029
in million tons
Figure 115: By value: Share of Europe Animal feed additive market during 2018-2029 in %
Figure 116: By value: Europe Animal feed additive market during 2018-2029 in US$ billion
Figure 117: By volume: Share of Europe Animal feed additive market during 2018-2029 in %
Figure 118: By volume: Europe Animal feed additive market during 2018-2029 in million tons
Figure 119: By value: Europe Others market during 2018-2029 in US$ billion
Figure 120: By value: Share of Europe Others market during 2018-2029 in %
Figure 121 By volume: Europe Others market during 2018-2029 in million tons
Figure 122: By volume: Share of Europe Others market during 2018-2029 in %
Figure 123: By value: Share of South America Benzoates market during
2018-2029 in %
Figure 124: By value: South America Benzoates market during 2018-2029
in US$ billion
Figure 125: By volume: Share of South America Benzoates market during
2018-2029 in %
Figure 126: By volume: South America Benzoates market during 2018-2029
in million tons
Figure 127: By value: Share of South America Benzoyl Chloride market during 2018-2029 in %
Figure 128: By value: South America Benzoyl Chloride market
during 2018-2029 in US$ billion
Figure 129: By volume: Share of South America Benzoyl Chloride market during 2018-2029 in %
Figure 130: By volume: South America Benzoyl Chloride market
during 2018-2029 in million tons
Figure 131: By value: Share of South America Benzoate Plasticizer market
during 2018-2029 in %
Figure 132: By value: Share of South America Benzoate Plasticizer market
during 2018-2029 in million tons
Figure 133: By volume: Share of South America Benzoate Plasticizer market
during 2018-2029 in %
Figure 134: By volume: South America Benzoate Plasticizer market during
2018-2029 in million tons
Figure 135: By value: Share of South America Alkyd resin market
during 2018-2029 in %
Figure 136: By value: South America Alkyd resin market during 2018-2029
in US$ billion
Figure 137: By volume: Share of South America Alkyd resin market
during 2018-2029 in %
Figure 138: By volume: South America Alkyd resin market during
2018-2029 in million tons
Figure 139: By value: Share of South America Animal feed additive market during
2018-2029 in %
Figure 140: By value: South America Animal feed additive market during 2018-2029
in US$ billion
Figure 141: By volume: Share of South America Animal feed additive market during 2018-2029
in %
Figure 142: By volume: South America Animal feed additive market during 2018-2029
in million tons
Figure 143: By value: South America Others market during 2018-2029 in US$ billion
Figure 144: By value: Share of South America Others market during 2018-2029 in %
Figure 145: By volume: South America Others market during 2018-2029 in million tons
Figure 146: By volume: Share of South America Others market during 2018-2029 in %
Figure 147: By value: Share of Middle East and Africa Benzoates market during
2018-2029 in %
Figure 148: By value: Middle East and Africa Benzoates market during 2018-2029
in US$ billion
Figure 149: By volume: Share of Middle East and Africa Benzoates market during
2018-2029 in %
Figure 150: By volume: Middle East and Africa Benzoates market during
2018-2029 in million tons
Figure 151: By value: Share of Middle East and Africa Benzoyl Chloride
market during 2018-2029 in %
Figure 152: By value: Middle East and Africa Benzoyl Chloride market
during 2018-2029 in US$ billion
Figure 153: By volume: Share of Middle East and Africa Benzoyl Chloride
market during 2018-2029 in %
Figure 154: By volume: Middle East and Africa Benzoyl Chloride market
during 2018-2029 in million tons
Figure 155: By value: Share of Middle East and Africa Benzoate Plasticizer market
during 2018-2029 in %
Figure 156: By value: Middle East and Africa Benzoate Plasticizer market during
2018-2029 in million tons
Figure 157: By volume: Share of Middle East and Africa Benzoate Plasticizer
market during 2018-2029 in %
Figure 158: By volume: Middle East and Africa Benzoate Plasticizer market during
2018-2029 in million tons
Figure 159: By value: Share of Middle East and Africa Alkyd resin market
during 2018-2029 in %
Figure 160: By value: Middle East and Africa Alkyd resin market during
2018-2029 in US$ billion
Figure 161: By volume: Share of Middle East and Africa Alkyd resin
market during 2018-2029 in %
Figure 162: By volume: Middle East and Africa Alkyd resin market during
2018-2029 in million tons
Figure 163: By value: Share of Middle East and Africa Animal feed additive market during
2018-2029 in %
Figure 164: By value: Middle East and Africa Animal feed additive market during 2018-2029
in US$ billion
Figure 165: By volume: Share of Middle East and Africa Animal feed additive market during
2018-2029 in %
Figure 166: By volume: Middle East and Africa Animal feed additive market during
2018-2029 in million tons
Figure 167: By value: Middle East and Africa Others market during 2018-2029 in US$ billion
Figure 168: By value: Share of Middle East and Africa Others market during 2018-2029 in %
Figure 169: By volume: Middle East and Africa Others market during 2018-2029 in million tons
Figure 170: By volume: Share of Middle East and Africa Others market during 2018-2029 in %
Figure 171: By value: Share of APAC Food market during 2018-2029 in %
Figure 172: By value: APAC Food market during 2018-2029 in US$ billion
Figure 173: By volume: Share of APAC Food market during 2018-2029 in %
Figure 174: By volume: APAC Food market during 2018-2029 in million tons
Figure 175: By value: Share of APAC Chemical market during 2018-2029 in %
Figure 176: By value: APAC Chemical market during 2018-2029 in US$ billion
Figure 177: By volume: Share of APAC Chemical market during 2018-2029 in %
Figure 178: By volume: APAC Chemical market during 2018-2029 in million tons
Figure 179: By value: Share of APAC Pharmaceutical market during 2018-2029 in %
Figure 180: By value: APAC Pharmaceutical market during 2018-2029 in US$ billion
Figure 181: By volume: Share of APAC Pharmaceutical market during 2018-2029 in %
Figure 182: By volume: APAC Pharmaceutical market during 2018-2029 in million tons
Figure 183: By value: Share of APAC Others market during 2018-2029 in %
Figure 184: By value: APAC Others market during 2018-2029 in US$ billion
Figure 185: By volume: Share of APAC Others market during 2018-2029 in %
Figure 186: By volume: APAC Others market during 2018-2029 in million tons
Figure 187: By value: Share of North America Food market during 2018-2029 in %
Figure 188: By value: North America Food market during 2018-2029 in US$ billion
Figure 189: By volume: Share of North America Food market during 2018-2029 in %
Figure 190: By volume: North America Food market during 2018-2029 in million tons
Figure 191: By value: Share of North America Chemical market during 2018-2029 in %
Figure 192: By value: North America Chemical market during 2018-2029 in US$ billion
Figure 193: By volume: Share of North America Chemical market during 2018-2029 in %
Figure 194: By volume: North America Chemical market during 2018-2029 in million tons
Figure 195: By value: Share of North America Pharmaceutical market during 2018-2029 in %
Figure 196: By value: North America Pharmaceutical market during 2018-2029 in US$ billion
Figure 197: By volume: Share of North America Pharmaceutical market during 2018-2029 in %
Figure 198: By volume: North America Pharmaceutical market during 2018-2029 in million tons
Figure 199: By value: Share of North America Others market during 2018-2029 in %
Figure 200: By value: North America Others market during 2018-2029 in US$ billion
Figure 201: By volume: Share of North America Others market during 2018-2029 in %
Figure 202: By volume: North America Others market during 2018-2029 in million tons
Figure 203: By value: Share of Europe Food market during 2018-2029 in %
Figure 204: By value: Europe Food market during 2018-2029 in US$ billion
Figure 205: By volume: Share of Europe Food market during 2018-2029 in %
Figure 206: By volume: Europe Food market during 2018-2029 in million tons
Figure 207: By value: Share of Europe Chemical market during 2018-2029 in %
Figure 208: By value: Europe Chemical market during 2018-2029 in US$ billion
Figure 209: By volume: Share of Europe Chemical market during 2018-2029 in %
Figure 210: By volume: Europe Chemical market during 2018-2029 in million tons
Figure 211: By value: Share of Europe Pharmaceutical market during 2018-2029 in %
Figure 212: By value: Europe Pharmaceutical market during 2018-2029 in US$ billion
Figure 213: By volume: Share of Europe Pharmaceutical market during 2018-2029 in %
Figure 214: By volume: Europe Pharmaceutical market during 2018-2029 in million tons
Figure 215: By value: Share of Europe Others market during 2018-2029 in %
Figure 216: By value: Europe Others market during 2018-2029 in US$ billion
Figure 217: By volume: Share of Europe Others market during 2018-2029 in %
Figure 218: By volume: Europe Others market during 2018-2029 in million tons
Figure 219: By value: Share of South America Food market during 2018-2029 in %
Figure 220: By value: South America Food market during 2018-2029 in US$ billion
Figure 221: By volume: Share of South America Food market during 2018-2029 in %
Figure 222: By volume: South America Food market during 2018-2029 in million tons
Figure 223: By value: Share of South America Chemical market during 2018-2029 in %
Figure 224: By value: South America Chemical market during 2018-2029 in US$ billion
Figure 225: By volume: Share of South America Chemical market during 2018-2029 in %
Figure 226: By volume: South America Chemical market during 2018-2029 in million tons
Figure 227: By value: Share of South America Pharmaceutical market during 2018-2029 in %
Figure 228: By value: South America Pharmaceutical market during 2018-2029 in US$ billion
Figure 229: By volume: Share of South America Pharmaceutical market during 2018-2029 in %
Figure 230: By volume: South America Pharmaceutical market during 2018-2029 in million tons
Figure 231: By value: Share of South America Others market during 2018-2029 in %
Figure 232: By value: South America Others market during 2018-2029 in US$ billion
Figure 233: By volume: Share of South America Others market during 2018-2029 in %
Figure 234: By volume: South America Others market during 2018-2029 in million tons
Figure 235: By value: Share of Middle East and Africa Food market during 2018-2029 in %
Figure 236: By value: Middle East and Africa Food market during 2018-2029 in US$ billion
Figure 237: By volume: Share of Middle East and Africa Food market during 2018-2029 in %
Figure 238: By volume: Middle East and Africa Food market during 2018-2029 in million tons
Figure 239: By value: Share of Middle East and Africa Chemical market during 2018-2029 in %
Figure 240: By value: Middle East and Africa Chemical market during 2018-2029 in US$ billion
Figure 241: By volume: Share of Middle East and Africa Chemical market during 2018-2029 in %
Figure 242: By volume: Middle East and Africa Chemical market during 2018-2029 in million tons
Figure 243: By value: Share of Middle East and Africa Pharmaceutical market during 2018-2029 in %150
Figure 244: By value: Middle East and Africa Pharmaceutical market during 2018-2029 in
US$ billion
Figure 245: By volume: Share of Middle East and Africa Pharmaceutical market during
2018-2029 in %
Figure 246: By volume: Middle East and Africa Pharmaceutical market during 2018-2029
in million tons
Figure 247: By value: Share of Middle East and Africa Others market during 2018-2029 in %
Figure 248: By value: Middle East and Africa Others market during 2018-2029 in US$ billion
Figure 249: By volume: Share of Middle East and Africa Others market during 2018-2029 in %
Figure 250: By volume: Middle East and Africa Others market during 2018-2029 in million tons
Figure 251: By Value: key Benzoic acid regional markets in US$ billion
Figure 252: By Volume: key Benzoic acid regional markets in million tons
Figure 253: By value: Share of US market during 2018-2029 in %
Figure 254: By value: US market during 2018-2029 in US$ billion
Figure 255: By volume: Share of US market during 2018-2029 in %
Figure 256: By volume: US market during 2018-2029 in million tons
Figure 257: By value: Share of Canada market during 2018-2029 in %
Figure 258: By value: Canada market during 2018-2029 in US$ billion
Figure 259: By volume: Share of Canada market during 2018-2029 in %
Figure 260: By volume: Canada market during 2018-2029 in million tons
Figure 261: By value: Share of Mexico market during 2018-2029 in %
Figure 262: By value: Mexico market during 2018-2029 in US$ billion
Figure 263: By volume: Share of Mexico market during 2018-2029 in %
Figure 264: By volume: Mexico market during 2018-2029 in million tons
Figure 265: By value: Share of Germany market during 2018-2029 in %
Figure 266: By value: Germany market during 2018-2029 in US$ billion
Figure 267: By volume: Share of Germany market during 2018-2029 in %
Figure 268: By volume: Germany market during 2018-2029 in million tons
Figure 269: By value: Share of Italy market during 2018-2029 in %
Figure 270: By value: Italy market during 2018-2029 in US$ billion
Figure 271: By volume: Share of Italy market during 2018-2029 in %
Figure 272: By volume: Italy market during 2018-2029 in million tons
Figure 273: By value: Share of France market during 2018-2029 in %
Figure 274: By value: France market during 2018-2029 in US$ billion
Figure 275: By volume: Share of France market during 2018-2029 in %
Figure 276: By volume: France market during 2018-2029 in million tons
Figure 277: By value: Share of China market during 2018-2029 in %
Figure 278: By value: China market during 2018-2029 in US$ billion
Figure 279: By volume: Share of China market during 2018-2029 in %
Figure 280: By volume: China market during 2018-2029 in million tons
Figure 281: By value: Share of India market during 2018-2029 in %
Figure 282: By value: India market during 2018-2029 in US$ billion
Figure 283: By volume: Share of India market during 2018-2029 in %
Figure 284: By volume: India market during 2018-2029 in million tons
Figure 285: By value: Share of Japan market during 2018-2029 in %
Figure 286: By value: Japan market during 2018-2029 in US$ billion
Figure 287: By volume: Share of Japan market during 2018-2029 in %
Figure 288: By volume: Japan market during 2018-2029 in million tons
Figure 289: By value: Share of Brazil market during 2018-2029 in %
Figure 290: By value: Brazil market during 2018-2029 in US$ billion
Figure 291: By volume: Share of Brazil market during 2018-2029 in %
Figure 292: By volume: Brazil market during 2018-2029 in million tons
Figure 293: By value: Share of Argentina market during 2018-2029 in %
Figure 294: By value: Argentina market during 2018-2029 in US$ billion
Figure 295: By volume: Share of Argentina market during 2018-2029 in %
Figure 296: By volume: Argentina market during 2018-2029 in million tons
Figure 297: By value: Share of Colombia market during 2018-2029 in %
Figure 298: By value: Colombia market during 2018-2029 in US$ billion
Figure 299: By volume: Share of Colombia market during 2018-2029 in %
Figure 300: By volume: Colombia market during 2018-2029 in million tons
Figure 301: By value: Share of South Africa market during 2018-2029 in %
Figure 302: By value: South Africa market during 2018-2029 in US$ billion
Figure 303: By volume: Share of South Africa market during 2018-2029 in %
Figure 304: By volume: South Africa market during 2018-2029 in million tons
Figure 305: By value: Share of UAE market during 2018-2029 in %
Figure 306: By value: UAE market during 2018-2029 in US$ billion
Figure 307: By volume: Share of UAE market during 2018-2029 in %
Figure 308: By volume: UAE market during 2018-2029 in million tons
Figure 309: By value: Share of Saudi Arabia market during 2018-2029 in %
Figure 310: By value: Saudi Arabia market during 2018-2029 in US$ billion
Figure 311: By volume: Share of Saudi Arabia market during 2018-2029 in %
Figure 312: By volume: Saudi Arabia market during 2018-2029 in million tons
Figure 313: Emerald Performance Materials
Figure 314: Eastman Chemical Company
Figure 315: Reliance Industries
Figure 316: Choice Organochem
Figure 317: Wuhan Youji Industries Co.
Figure 318:PAT Impex
Figure 319: Sinteza
Figure 320: Tianjin Dongda Chemical Group
Figure 321: Swastik Industries
Figure 322: Liao Ning Huayi Chemical Industry & Commerce Co
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
 |
| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Volume in kilotons, revenue in US$ million/billion |
| Report Coverage | Value/Revenue forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the revenue estimations, trends, and drivers |
| Segments | By End use industry By Application By Region |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Emerald Performance Materials, Eastman Chemical Company, Reliance Industries, Choice Organochem, Wuhan Youji Industries Co., PAT Impex, Sinteza, Tianjin Dongda Chemical Group, Swastik Industries and L |
The global Benzoic Acid market size was estimated at US$1.08 billion in 2021 and is expected to reach US$1.12 billion in 2022.
The global Benzoic Acid market is expected to grow at a compound annual growth rate of 3.9% from 2022 to 2029 to reach US$1.46 billion by 2029.
The Asia-Pacific region held the largest share in 2021, accounting for 49%.
In terms of application, the Benzoates segment held the dominant share in 2021 at 43%.
Some key players operating in the Benzoic Acid market include Emerald Performance Materials, Eastman Chemical Company, Reliance Industries, Choice Organochem, Wuhan Youji Industries Co., PAT Impex, Sinteza, Tianjin Dongda Chemical Group, Swastik Industries and Liao Ning Huayi Chemical Industry & Commerce Co.