Quick Summary:
In the rapidly evolving global chemicals industry, staying abreast of recent developments is pivotal. Our comprehensive research on the global Benzoic Acid market offers invaluable insights for industry stakeholders and decision-makers. The market, valued at a substantial US$1.1 billion in 2022, is forecasted to grow to a robust US$1.7 billion by 2030. This underlines the immense growth potential and investment opportunities in the market.
Moreover, our report navigates the intricate contours of the market - from Benzoates to Alkyd Resins. It meticulously measures the post-pandemic recovery progress and estimates future trend-shifts. Furthermore, the geographic analysis provides a detailed overview of the Benzoic Acid market in key economies, from the United States to China. Our investigation includes other significant regions across the globe, emphasizing the projected market size and growth rates. The research also features insightful profiles of 41 dominant global competitors, equipping you with a holistic view of the market landscape. Upgrade your strategic planning with our leading-edge market research report.
Global Benzoic Acid Market to Reach $1.7 Billion by 2030
The global market for Benzoic Acid estimated at US$1.1 Billion in the year 2022, is projected to reach a revised size of US$1.7 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2022-2030. Benzoates, one of the segments analyzed in the report, is projected to record a 4.8% CAGR and reach US$701.6 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Alkyd Resins segment is readjusted to a revised 5% CAGR for the next 8-year period.The U.S. Market is Estimated at $310.3 Million, While China is Forecast to Grow at 8.2% CAGR
The Benzoic Acid market in the U.S. is estimated at US$310.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$358.8 Million by the year 2030 trailing a CAGR of 8.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$227.5 Million by the year 2030.Select Competitors (Total 41 Featured) -
- Avantor Performance Materials, Inc.
- Choice Organochem LLP
- Eastman Chemical Company
- Emerald Performance Materials LLC
- FUSHIMI Pharmaceutical Co., Ltd.
- Ganesh Benzoplast Limited
- Hemadri Chemicals
- Indian Oil Corporation Ltd.
- Jqc (Huayin) Pharmaceutical Co., Ltd.
- Krishna Chemicals
- Navyug Pharmachem (P) Ltd.
- Nimbasia
- Pat Impex
- Premier Group of Industries
- Primechem Enterprises
- Reliance Industries Ltd.
- San Fu Chemical Co., Ltd.
- Sinteza (Romania)
- Swastik Industries
- The Chemical Company
- Tianjin Dongda Chemical Group Co., Ltd.
- triveni interchem private limited
- Velsicol Chemical, LLC.
- Wuhan YouJi Industries Company Limited
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Benzoic Acid?
What is the growth rate of the Global Market for Benzoic Acid?
What is the forecasted size of the Global Market for Benzoic Acid?
Who are the key companies in the Global Market for Benzoic Acid?
Report Attribute | Details |
---|---|
No. of Pages | 194 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 1.1 Billion |
Forecasted Market Value ( USD | $ 1.7 Billion |
Compound Annual Growth Rate | 5.6% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Avantor Performance Materials, Inc.
- Choice Organochem LLP
- Eastman Chemical Company
- Emerald Performance Materials LLC
- FUSHIMI Pharmaceutical Co., Ltd.
- Ganesh Benzoplast Limited
- Hemadri Chemicals
- Indian Oil Corporation Ltd.
- Jqc (Huayin) Pharmaceutical Co., Ltd.
- Krishna Chemicals
- Navyug Pharmachem (P) Ltd.
- Nimbasia
- Pat Impex
- Premier Group of Industries
- Primechem Enterprises
- Reliance Industries Ltd.
- San Fu Chemical Co., Ltd.
- Sinteza (Romania)
- Swastik Industries
- The Chemical Company
- Tianjin Dongda Chemical Group Co., Ltd.
- triveni interchem private limited
- Velsicol Chemical, LLC.
- Wuhan YouJi Industries Company Limited