The global benzoic acid market has been estimated at USD 1.05 billion and is projected to hit USD 1.59 billion by 2027, at a CAGR of 5.4 percent, according to the latest review of Reports and Results. Benzoic acid is a pure aromatic carboxylic acid which through partial oxidation of toluene with oxygen, is produced commercially. Benzoic acid is commonly used in the manufacture of salts, such as potassium benzoate, sodium benzoate, phenol, and alkyd resins, among others, as an intermediate product. In their applications, the food and beverage, pharmaceutical and chemical industries use benzoic acid.
Key Players in the market include:
- Emerald Performance Materials
- Wuhan Youji Industries Co.
- Tianjin Dongda Chemical Group
- Liao Ning Huayi Chemical Industry & Commerce Co.
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Benzoic Acid Market: Segmentation
For this report, Reports and Data has segmented the Benzoic acid market based on applications, end-use, and region:
Application (Revenue in USD Million; Volume in Tons, 2017–2027)
- Sodium Benzoates
- Benzoate plasticizers
- Benzoyl Chloride
- Alkyd Resins
- Animal Feed Additive
End Use (Revenue in USD Million; Volume in Tons, 2017–2027)
- Food & Beverage
- Chemicals
- Pharmaceuticals
Region (Revenue in USD Million; Volume in Tons, 2017–2027)
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Benzoic acid consumption is comparatively higher in the Asia Pacific region. The market is driven by increasing demand for sodium and potassium benzoate here. In India and China, per capita plastic consumption is very high, increasing the use of plasticizers and thus boosting the demand for benzoic acid. Benzoic acid is used in the food & beverage industry in the manufacture of preservatives that keep food fresh for longer. Rising demand around the globe for frozen food products & beverages fuels consumer demand.
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Sodium benzoate is a significant application segment, holding the largest share of 42.8% of the market for benzoic acid. As in acidic foods such as salad dressings, sodium benzoate is commonly used in vinegar and carbonated beverages, such as acetic acid.
A large number of pharmaceutical companies and new companies make up the benzoic acid industry, which makes the market quite fragmented in nature. In addition, due to the availability of research funding and the favourable regulatory scenario for external medicine production, new entrants in the industry have an excellent opportunity to enter the market for benzoic acid.
The benzoic acid market is structured and in their long-term growth strategies, major players in this market aim to absorb small players. Small-kay players, however are planning to invest in R&D to implement novel benzoic acid applications.
Regulations limiting the willful use of benzoic acid in packaged food products and drinks are barriers to the growth of the benzoic acid market, as unnecessary intake of benzoic acid can affect the lungs and digestive tract.
In the Asia Pacific region, the demand for benzoic acid is rising at a CAGR of 4 percent, followed by North America with 8.5 percent and Europe with 7.2 percent. The market was dominated by Asia-Pacific and accounted for over 41 percent of the market share. During the forecast period, the area is expected to register significant growth. The rise is attributed to an improvement in per-capita disposable income prices, with patterns changing. North America is seeing steady business growth. During the forecast era, benzoate plasticizers are expected to see substantial demand in North America.
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Adroit Market Research launched a study titled, “Global Phthalic Anhydride Market Size 2017 By Derivatives (Phthalate Plasticizers, Unsaturated Polyester Resins (UPRs), Alkyd Resins and Others), By Region and Forecast 2018 to 2025”.
Major factors such as increasing demand from various end industries including construction, original equipment manufacturers and automobile are driving the market further.
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There are many big players including BASF, I G Petrochemicals Ltd. and ExxonMobil Chemical Holland B.V. with the global and domestic presence.
These players are giving a tough competition to global companies by investing more and opening new facilities and increase the production capacity.
Global Solar Control Glass market has been leaning towards the growth curve and contributing to the global economic scenario on the basis of growth rate and revenue.
The Global Solar Control Glass Market research report provides a detailed explanation to the reader about the fundamentals of the Solar Control Glass market, which is inclusive of the business strategies, market demands, key players, and a futuristic outlook of the market.The research report is inclusive of the impact analysis of the currently unfolding COVID-19 pandemic.
The pandemic has affected the economic scenario of the world and brought about dynamic changes in the demands and trends of key segments of the market.
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Expansion of the personal care industry especially in developing markets of Latin America as well as Asia Pacific region is likely to remain a foremost driving aspect for the worldwide market for isostearic acid.
Isostearic acid’s odor stability as well as oxidation make them a reasonable element for personal care products.The isostearic acid is produced by the reaction of natural mineral catalyst and oleic It is a fluid liquid fatty acid, the making of which is totally founded on the parent fat or oil.
Because of its oxidation, odor, as well as thermal stability, the isostearic acid has discovered its application all over various sectors, for example, packaging, textiles, chemical esters, personal care, and lubricants.
The spread structure of isostearic acid lifts its scattering power because of which it is utilized in cosmetic and industrial applications for the adjustment of mineral particles and pigments in solvents and oils.
In chemical esters, for example, glycerol trimethylolpropane triisostearate, isopropyl isostearate, isostearyle isostearate, it is utilized as humectant, emollient, skin conditioning agent, and binder.
Synthetic esters are utilized in the cosmetic industry as water repellents, adhesion pigment promoters, emollients, solubilizers, plasticizers, effective solvents, along with dispersants.
Global Lubricants for Wind Turbine Market is a comprehensive study of the Lubricants for Wind Turbine market published by Reports and Data, expanding its extensive repository.
The statistical report on the Lubricants for Wind Turbine market offers insightful information about the global business in the Lubricants for Wind Turbine industry.
Key participants include Castrol, Kluber Lubrication, DOW Corning, Shell, Indian Oil Corporation, ExxonMobil and Amsoil.
This can be mainly associated with larger rotors and improved design.
Thus, with increase in wind turbines and turbine size, the demand for lubricants will also significantly increase.For the purpose of this report, Reports and Data have segmented global lubricants for wind turbine market on the basis of lubricant type, oil replacement cycle, turbine component, application and region:Lubricant Type Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)Gear OilGreaseHydraulic FluidOil Replacement Cycle Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)6-12 months12 months and aboveTurbine Component Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)BladeRotorsJAWGearboxOthersApplication Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)OnshoreOffshoreRegional Outlook (Volume, Kilo Tons; 2018-2026 and Revenue, USD Million; 2018-2026)North AmericaEuropeAsia PacificLatin AmericaMEATo get a Discount on the Lubricants for Wind Turbine Market Report, Click @ https://www.reportsanddata.com/discount-enquiry-form/1050Key Questions Addressed in the Report:What is the market size and market value the Lubricants for Wind Turbine market is expected to reach in 2026?What are the key driving and restraining growth factors of the Lubricants for Wind Turbine industry?What are the key trends influencing the market growth?
What are the emerging trends expected to contribute to market growth?Who are the dominant players and key vendors operating in the industry?What region is expected to dominate the market in the coming years?What are the global opportunities for the expansion of the Lubricants for Wind Turbine industry?What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis?What are the risks and challenges the established companies and new entrants expected to face in the Lubricants for Wind Turbine market?Browse the comprehensive TOC and data tables @ https://www.reportsanddata.com/report-detail/lubricants-for-wind-turbine-marketThank you for reading our report.
The latest report published by Reports and Data is a work of meticulous research on the global Gluconic Acid industry.
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In the COVID-19 Impact Analysis section of the report, major focus has been laid on the severe effects of the pandemic on the industry’s functioning.
The aim of this report is to enable businesses to optimize their growth strategies and capitalize on the emerging opportunities.To receive a sample copy of the global Gluconic Acid market report, visit @ https://www.reportsanddata.com/sample-enquiry-form/60Market Overview:The materials and chemical industry has long been at the forefront of innovation.
It has aided in the exploration of new parts of nature by the scientific community as well as individuals.
From discovering novel compounds to generating new chemical combinations, the materials and chemicals business has always taken a forward-thinking attitude.Polymers, dyes, lubricants, surfactants, resins, petrochemicals, bleaches, paints, plastics, soap, detergent, and acids are just a few of the chemicals and chemical products found in this industry.
The Global Benzoic Acid Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions.
The detailed key player's profile and market share analysis give a better understanding of the competitors and their business strategies.Base Year: 2020Estimated Year: 2021Forecast Till: 2027The report classifies the market into different segments based on type and product.
These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels.
The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.Get | Download FREE Sample Report of Global Benzoic Acid Market @ https://www.decisiondatabases.com/contact/download-sample-240A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Benzoic Acid market.
The impact is closely studied in terms of production, import, export, and supply.The report covers the complete competitive landscape of the Worldwide Benzoic Acid market with company profiles of key players such as:Emerald KalamaFushimiHuayin Jin Qian ChengHubei PhoenixNantong HaiersSan FuWuhan Youji IndustriesWant to add more Company Profiles to the Report?
Write your Customized Requirements to us @ https://www.decisiondatabases.com/contact/get-custom-research-240Benzoic Acid Market Analysis by Application:PreservativesSodium And Potassium BenzoateBenzoyl ChlorideBenzoate PlasticizersAlkyd ResinsAnimal FeedOthers (Including Medicinal, Etc.
