The global Benzenecarboxylic Acid market was valued at US$ million in 2022 and is projected to reach US$ million by 2035, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Benzoic acid (C6H5COOH), is a colorless crystalline solid and a simple aromatic carboxylic acid. The name is derived from gum benzoin, which was for a long time its only known source. Benzoic acid occurs naturally in many plants and serves as an intermediate in the biosynthesis of many secondary metabolites. Salts of benzoic acid are used as food preservatives and benzoic acid is an important precursor for the industrial synthesis of many other organic substances. The salts and esters of benzoic acid are known as benzoates.
This report aims to provide a comprehensive presentation of the global market for Benzenecarboxylic Acid, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Benzenecarboxylic Acid. This report contains market size and forecasts of Benzenecarboxylic Acid in global, including the following market information:
Global Benzenecarboxylic Acid Market Revenue, 2018-2023, 2024-2035, ($ millions)
Global Benzenecarboxylic Acid Market Sales, 2018-2023, 2024-2035, (Tons)
Global top five Benzenecarboxylic Acid companies in 2022 (%)
By end-use industry, the benzoic acid market is segmented into chemical, food & beverages, pharmaceutical, and others. The food & beverages segment is estimated to account for the major share of the overall market in 2018 during the forecast period. The ongoing urbanization and changing lifestyle of masses are the factors leading to the increased demand for packaged food items. Benzoic acid, which is majorly consumed as sodium benzoate and potassium benzoate, is directly used as a food preservative in the food & beverages end-use industry. Thus, increase in demand for packaged food leads to the growth of the benzoic acid market across the globe.
We surveyed the Benzenecarboxylic Acid manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Benzenecarboxylic Acid Market, by Type, 2018-2023, 2024-2035 ($ Millions) & (Tons)
Global Benzenecarboxylic Acid Market Segment Percentages, by Type, 2022 (%)
- Food Grade
- Pharmaceutical Grade
- Industrial Grade
Global Benzenecarboxylic Acid Market, by Application, 2018-2023, 2024-2035 ($ Millions) & (Tons)
Global Benzenecarboxylic Acid Market Segment Percentages, by Application, 2022 (%)
- Plasticizers
- Food Preservative
- Pharmaceutical
- Personal Care
- Others
Global Benzenecarboxylic Acid Market, By Region and Country, 2018-2023, 2024-2035 ($ Millions) & (Tons)
Global Benzenecarboxylic Acid Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Benzenecarboxylic Acid revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Benzenecarboxylic Acid revenues share in global market, 2022 (%)
- Key companies Benzenecarboxylic Acid sales in global market, 2018-2023 (Estimated), (Tons)
- Key companies Benzenecarboxylic Acid sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Eastman Chemical
- San Fu Chemical
- Emerald Performance Materials (LANXESS)
- Wuhan Youji Industries
- Tianjin Dongda Chemical
- Liao Ning Huayi Chemical
- Benxi Black Horse Chemical
- Jiangsu Shunfeng Chemical
- Shandong Province and Tai Wei Run Food
- Eton Food
- Tengzhou Aolong
- Hunan Hongrun Chemical
Outline of Major Chapters:
Chapter 1: Introduces the definition of Benzenecarboxylic Acid, market overview.
Chapter 2: Global Benzenecarboxylic Acid market size in revenue and volume.
Chapter 3: Detailed analysis of Benzenecarboxylic Acid manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Benzenecarboxylic Acid in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Benzenecarboxylic Acid capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.