Global Benzoate Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023

  • ID: 4231780
  • Report
  • Region: Global
  • 140 pages
  • Occams Business Research and Consulting
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Global Benzoate Market is Expected to Grow With a CAGR of 10% During 2016-2023.

FEATURED COMPANIES

  • Akzo Nobel N.V.
  • Aldon Corporation
  • Brown Chemical Co. Ltd
  • Dupont
  • Eastman Chemical Company
  • FBC Industries Inc.
  • MORE
Benzoates are the naturally occurring esters and salts of benzoic acid found in plants. They are largely utilized as a food preservatives. The global benzoates market is anticipated to rise with a CAGR of about 10% for the forecast period 2016-2023. Increasing demand of benzoates in production of animal feed is promoting immense growth in the market. Utilization of organic acid such as benzoic acids, formic acids, lactic acids and others in animal feed additives has promoted immense growth in the benzoates market.

Addition of organic acids in animal feed offer to increase their bodyweight, reduce pathogens colonization, maintains the PH level and enhances the feed conversion ratio. Increasing feed production has resulted to boost the consumption of supplementary compounds such as benzoates. Global feed production in the year 2015 is estimated to be around 1 billion tones for the year 2015. Annual turnover in global feed market is estimated to value over $400 billion for the same year. China contributes majority of shares about 19% of global feed market that justifies Asia pacific being a leading benzoate market among others. The demand of animal feed is depicted to grow by 60% by the year 2050 that is expected to propel the benzoate consumption in the near future. Moreover, surging demand of benzoic acid as a food preservative, rising consumption of benzoic acid in formulation of cosmetic products and high utilization of sodium benzoate as an intermediate in manufacturing organic chemicals also helps to back the market growth.

Global benzoates market has been segmented on the basis of type and end users. On the basis of end users, the market has been bifurcated into pharmaceutical industries, food and beverage industries, plastic industries, cosmetic industries and others. Food and beverage industries is a leading segment among other end users with more than 45% of total share of the global benzoate market. On the basis of types, the benzoates market has been bifurcated into sodium benzoate and potassium benzoates. Sodium benzoates is widely utilized as an anti-fungal agent in packaged food and beverages. As per WHO, acceptable daily intake of benzoic acid used in food preservatives accounts to about 0-5mg/kg of food. Further, geographical segmentation of the benzoate market includes regions such as North America, Europe, Asia Pacific and rest of the world. Asia Pacific has been determined to be the leading region in the benzoate market due to high utilization of benzoates as an intermediate compound in chemical industries that operates in leading countries of chemical segments such as Japan, China, India etc.

Some of the major players in the market includes DuPont, Eastman Chemical Company, Tianjin Dongda Chemical Group Co. Ltd., Velsicol chemical Llc., FBC Industries Inc., SAFC, Brown Chemical Co. Ltd, Akzo Nobel N.V., Jarchem Industries, RM Chemicals, Aldon Corporation, Wuhan Youji Industries Co. Ltd., Spectrum Chemicals, Sakshi Dyes and Pharmaceuticals, Total Specialty Chemicals Inc., and others. Companies are adopting the strategies like acquisition, merger, product launch etc. in order to sustain and expand in the market. Recently on the date 6th April 2015, velsicol chemical launched a benzoic acid of technical grade in Europe, America and Southeast Asia.

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FEATURED COMPANIES

  • Akzo Nobel N.V.
  • Aldon Corporation
  • Brown Chemical Co. Ltd
  • Dupont
  • Eastman Chemical Company
  • FBC Industries Inc.
  • MORE
1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Benzoates : Evolution & Transition
2.2. Market Definition& Scope
2.3. Industry Structure
2.4. Regulator Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360 Degree Industry Analysis
2.7.3. Porters 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies & Analysis
2.8.2. Market Share
2.8.3. Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities in Emerging Applications
2.9.3. Investment Opportunity in Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Surging Demand of Benzoic Acid As a Food Preservative
3.1.2. Rising Consumption of Benzoic Acid in Formulation of Cosmetic Products
3.1.3. High Utilization of Sodium Benzoate As An Intermediate in Manufacturing Organic Chemicals
3.1.4. Increasing Demand of Benzoates in Production of Animal Feed
3.2. Market Restraints
3.2.1. Stringent Government Rules And Regulations
3.2.2. Health Concerns Associated With Material Handling
3.3. Market Opportunities
3.3.1. Rising Adoption of Benzoic Acid As a Plasticizer
3.3.2. Surging Utilization of Plant Based Chemicals
3.4. Market Challenges
3.4.1. Lack of Infrastructural Facilities in Developing Regions
3.4.2. High Processing Cost of Benzoic Acid

4. Market Segmentation
4.1. Global Benzoates Market By Type 2014-2023 ($ Million)
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4. Opportunity Matrix
4.1.5. Market Segmentation
4.1.5.1. Global Sodium Benzoates Market.
4.1.5.1.1. Application
4.1.5.1.2. Adoption Scenario & Market Determinants
4.1.5.1.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.1.4. Top Players & Key Products
4.1.5.1.5. Key Conclusions
4.1.5.2. Global Potassium Benzoates Market
4.1.5.2.1. Application
4.1.5.2.2. Adoption Scenario & Market Determinants
4.1.5.2.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.1.5.2.4. Top Players & Key Products
Key Conclusions
4.2. Global Benzoates Market By End User
4.2.1. Market Definition And Scope
4.2.2. Decision Support Database & Estimation Methodology
4.2.3. Comparative Analysis Across Market Segments
4.2.4. Opportunity Matrix
4.2.5. Market Segmentation
4.2.5.1. Global Benzoates Market By Pharmaceutical Industries.
4.2.5.1.1. Application
4.2.5.1.2. Adoption Scenario & Market Determinants
4.2.5.1.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.1.4. Top Players & Key Products
4.2.5.1.5. Key Conclusions
4.2.5.2. Global Benzoates Market By Plastic Industries
4.2.5.2.1. Application
4.2.5.2.2. Adoption Scenario & Market Determinants
4.2.5.2.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.2.4. Top Players & Key Products
4.2.5.2.5. Key Conclusions
4.2.5.3. Global Benzoates Market By Food And Beverage Industries
4.2.5.3.1. Application
4.2.5.3.2. Adoption Scenario & Market Determinants
4.2.5.3.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.3.4. Top Players & Key Products
4.2.5.3.5. Key Conclusions
4.2.5.4. Global Benzoates Market By Cosmetic Industries
4.2.5.4.1. Application
4.2.5.4.2. Adoption Scenario & Market Determinants
4.2.5.4.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.4.4. Top Players & Key Products
4.2.5.4.5. Key Conclusions
4.2.5.5. Global Benzoates Market By Others
4.2.5.5.1. Application
4.2.5.5.2. Adoption Scenario & Market Determinants
4.2.5.5.3. Market Estimations And Forecasts 2014-2023 ($ Million)
4.2.5.5.4. Top Players & Key Products
4.2.5.5.5. Key Conclusions

5. Competitive Landscape
5.1. Key Strategies
5.1.1. List of M&A
5.1.2. List of Jv
5.1.3. List of Product Launches
5.1.4. List of Partnership
5.2. Top 10 Company Analysis

6. Global Benzoates Market By Region
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4. Geographic Segmentation
6.4.1. North America
6.4.1.1. Industry Application Analysis
6.4.1.2. Top Country Analysis
6.4.1.2.1. U.S.
6.4.1.2.1.1. Market Estimations And Forecasts 2014-2023 ($ Million)
6.4.1.2.1.2. Top Players & Key Products
6.4.1.2.1.3. Key Conclusions
6.4.1.2.2. Canada
6.4.1.2.2.1. Market Estimations And Forecasts 2014-2
6.4.1.2.2.2. Top Players & Key Products
6.4.1.2.2.3. Key Conclusions
6.4.2. Europe
6.4.2.1. Industry Application Analysis
6.4.2.2. Top Country Analysis
6.4.2.2.1. UK
6.4.2.2.1.1. Market Estimations And Forecasts 2014-2
6.4.2.2.1.2. Top Players & Key Products
6.4.2.2.1.3. Key Conclusions
6.4.2.2.2. France
6.4.2.2.2.1. Market Estimations And Forecasts 2014-2
6.4.2.2.2.2. Top Players & Key Products
6.4.2.2.2.3. Key Conclusions
6.4.2.2.3. Germany
6.4.2.2.3.1. Market Estimations And Forecasts 2014-2
6.4.2.2.3.2. Top Players & Key Products
6.4.2.2.3.3. Key Conclusions
6.4.2.2.4. Spain
6.4.2.2.4.1. Market Estimations And Forecasts 2014-2
6.4.2.2.4.2. Top Players & Key Products
6.4.2.2.4.3. Key Conclusions
6.4.2.2.5. Rest of Europe
6.4.2.2.5.1. Market Estimations And Forecasts 2014-2
6.4.2.2.5.2. Top Players & Key Products
6.4.2.2.5.3. Key Conclusions
6.4.3. Asia Pacific
6.4.3.1. Industry Application Analysis
6.4.3.2. Top Country Analysis
6.4.3.2.1. China
6.4.3.2.1.1. Market Estimations And Forecasts 2014-2
6.4.3.2.1.2. Top Players & Key Products
6.4.3.2.1.3. Key Conclusions
6.4.3.2.2. India
6.4.3.2.2.1. Market Estimations And Forecasts 2014-2
6.4.3.2.2.2. Top Players & Key Products
6.4.3.2.2.3. Key Conclusions
6.4.3.2.3. Japan
6.4.3.2.3.1. Market Estimations And Forecasts 2014-2
6.4.3.2.3.2. Top Players & Key Products
6.4.3.2.3.3. Key Conclusions
6.4.3.2.4. Australia
6.4.3.2.4.1. Market Estimations And Forecasts 2014-2
6.4.3.2.4.2. Top Players & Key Products
6.4.3.2.4.3. Key Conclusions
6.4.3.2.5. Rest of Asia Pacific
6.4.3.2.5.1. Market Estimations And Forecasts 2014-2
6.4.3.2.5.2. Top Players & Key Products
6.4.3.2.5.3. Key Conclusions
6.4.4. ROW
6.4.4.1. Industry Application Analysis
6.4.4.2. Top Country Analysis
6.4.4.2.1. Latin America
6.4.4.2.1.1. Market Estimations And Forecasts 2014-2
6.4.4.2.1.2. Top Players & Key Products
6.4.4.2.1.3. Key Conclusions
6.4.4.2.2. Middle East & Africa
6.4.4.2.2.1. Market Estimations And Forecasts 2014-2
6.4.4.2.2.2. Top Players & Key Products
6.4.4.2.2.3. Key Conclusions

7. Company Profiles
7.1. Velsicol Chemical Llc.
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Key Focus Sector
7.1.4. Strategic Initiatives
7.1.5. SCOT Analysis
7.1.6. Strategic Analysis
7.2. Safc
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Key Focus Sector
7.2.4. Strategic Initiatives
7.2.5. SCOT Analysis
7.2.6. Strategic Analysis
7.3. Tianjin Dongda Chemical Group Co. Ltd.
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Key Focus Sector
7.3.4. Strategic Initiatives
7.3.5. SCOT Analysis
7.3.6. Strategic Analysis
7.4. Dupont
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Key Focus Sector
7.4.4. Strategic Initiatives
7.4.5. SCOT Analysis
7.4.6. Strategic Analysis
7.5. Fbc Industries Inc.
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Key Focus Sector
7.5.4. Strategic Initiatives
7.5.5. SCOT Analysis
7.5.6. Strategic Analysis
7.6. Brown Chemical Co. Ltd
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Key Focus Sector
7.6.4. Strategic Initiatives
7.6.5. SCOT Analysis
7.6.6. Strategic Analysis
7.7. Jarchem Industries
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Key Focus Sector
7.7.4. Strategic Initiatives
7.7.5. SCOT Analysis
7.7.6. Strategic Analysis
7.8. Akzo Nobel N.V.
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Key Focus Sector
7.8.4. Strategic Initiatives
7.8.5. SCOT Analysis
7.8.6. Strategic Analysis
7.9. Rm Chemicals
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Key Focus Sector
7.9.4. Strategic Initiatives
7.9.5. SCOT Analysis
7.9.6. Strategic Analysis
7.10. Spectrum Chemicals
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Key Focus Sector
7.10.4. Strategic Initiatives
7.10.5. SCOT Analysis
7.10.6. Strategic Analysis
7.11. Aldon Corporation
7.11.1. Overview
7.11.2. Product Portfolio
7.11.3. Key Focus Sector
7.11.4. Strategic Initiatives
7.11.5. SCOT Analysis
7.11.6. Strategic Analysis
7.12. Wuhan Youji Industries Co. Ltd.
7.12.1. Overview
7.12.2. Product Portfolio
7.12.3. Key Focus Sector
7.12.4. Strategic Initiatives
7.12.5. SCOT Analysis
7.12.6. Strategic Analysis
7.13. Total Specialty Chemicals Inc.
7.13.1. Overview
7.13.2. Product Portfolio
7.13.3. Key Focus Sector
7.13.4. Strategic Initiatives
7.13.5. SCOT Analysis
7.13.6. Strategic Analysis
7.14. Sakshi Dyes And Pharmaceuticals
7.14.1. Overview
7.14.2. Product Portfolio
7.14.3. Key Focus Sector
7.14.4. Strategic Initiatives
7.14.5. SCOT Analysis
7.14.6. Strategic Analysis
7.15. Eastman Chemical Company
7.15.1. Overview
7.15.2. Product Portfolio
7.15.3. Key Focus Sector
7.15.4. Strategic Initiatives
7.15.5. SCOT Analysis
7.15.6. Strategic Analysis

List of Tables
1. Global Benzoates Market By Type 2014-2023 ($ Million)
2. Global Benzoates Market of Sodium Benzoates By Geography 2014-2023 ($ Million)
3. Global Benzoates Market of Potassium Benzoates By Geography 2014-2023 ($ Million)
4. Global Benzoates Market By End Users 2014-2023 ($ Million)
5. Global Benzoates Market of Pharmaceutical Industries By Geography 2014-2023 ($ Million)
6. Global Benzoates Market of Plastic Industries By Geography 2014-2023 ($ Million)
7. Global Benzoates Market of Food And Beverage Industries By Geography 2014-2023 ($ Million)
8. Global Benzoates Market of Cosmetic Industries By Geography 2014-2023 ($ Million)
9. Global Benzoates Market of Other End Users By Geography 2014-2023 ($ Million)
10. North America Benzoates Market 2014-2023 ($ Million)
11. Europe Benzoates Market 2014-2023 ($ Million)
12. Asia Pacific Benzoates Market 2014-2023 ($ Million)
13. Rest of the World Benzoates Market 2014-2023 ($ Million)

List of Figures
1. Global Benzoates Market of Sodium Benzoates 2014-2023 ($ Million)
2. Global Benzoates Market of Potassium Benzoates 2014-2023 ($ Million)
3. Global Benzoates Market of Pharmaceutical Industries 2014-2023 ($ Million)
4. Global Benzoates Market of Plastic Industries 2014-2023 ($ Million)
5. Global Benzoates Market of Food And Beverage Industries 2014-2023 ($ Million)
6. Global Benzoates Market of Cosmetic Industries 2014-2023 ($ Million)
7. Global Benzoates Market of Other End Users 2014-2023 ($ Million)
8. North America Benzoates Market 2014-2023 ($ Million)
9. United States (U.S.) Benzoates Market 2014-2023 ($ Million)
10. Canada Benzoates Market 2014-2023 ($ Million)
11. Europe Benzoates Market 2014-2023 ($ Million)
12. United Kingdom (UK) Benzoates Market 2014-2023 ($ Million)
13. France Benzoates Market 2014-2023 ($ Million)
14. Germany Benzoates Market 2014-2023 ($ Million)
15. Spain Benzoates Market 2014-2023 ($ Million)
16. Italy Benzoates Market 2014-2023 ($ Million)
17. Roe Benzoates Market 2014-2023 ($ Million)
18. Asia Pacific Benzoates Market 2014-2023 ($ Million)
19. India Benzoates Market 2014-2023 ($ Million)
20. China Benzoates Market 2014-2023 ($ Million)
21. Japan Benzoates Market 2014-2023 ($ Million)
22. South Korea Benzoates Market 2014-2023 ($ Million)
23. Australia Benzoates Market 2014-2023 ($ Million)
24. Roapac Benzoates Market 2014-2023 ($ Million)
25. Rest of the World Benzoates Market 2014-2023 ($ Million)
26. Latin America Benzoates Market 2014-2023 ($ Million)
27. Mena Benzoates Market 2014-2023 ($ Million)
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  • Velsicol Chemical Llc.
  • SAFC
  • Tianjin Dongda Chemical Group Co. Ltd.
  • Dupont
  • FBC Industries Inc.
  • Brown Chemical Co. Ltd
  • Jarchem Industries
  • Akzo Nobel N.V.
  • RM Chemicals
  • Spectrum Chemicals
  • Aldon Corporation
  • Wuhan Youji Industries Co. Ltd.
  • Total Specialty Chemicals Inc.
  • Sakshi Dyes And Pharmaceuticals
  • Eastman Chemical Company
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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