Food and Beverage industry dominated the benzoic acid industry in 2014. This was primarily driven by the growing use of benzoic acid in preservation of food and beverages. Consumption of benzoic acids in potassium and sodium benzoate has also been driving this market over the past few years.
Major application segments for benzoic acid market are food & beverage, plasticizers, benzoate, animal feed and others.
The global benzoic acid market is estimated at $xx million for the year 2014 and is expected to grow at a CAGR of xx% during the forecast period.
The report consolidates various key players in the benzoic acid market. Some leading players active in this market are: Emerald Kalama, Fushimi, San Fu, Wuhan Youji Industries, Huayin Jinqiancheng and Nantong Haiers.
Asia-Pacific dominated the global benzoic acid market in 2014 followed by Europe and North America. The major driving factors for this market include: rapid industrialization, and improving living standards. Emerging economies like India and China projects huge scope for this market over the coming yeras.
This study aims to estimate the global market of benzoic acid for 2014 and to project its projected demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of this market.
We have used various secondary sources such as directories, industrial journals, and database to identify and collect information useful for this extensive commercial study of the market. The primary sources – experts from related industries and suppliers- have been interviewed to obtain and verify critical information as well as to assess the future prospects of this market.
Scope of this report
This research report categorizes the global market for benzoic acid on the basis of application, end-user industries, and geography along with forecasting volume, value, and analysing trends in each of the submarkets.
On the basis of applications
- Food & Beverage
- Animal Feed
On the basis of geography
- North America
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