Benzoic Acid - Global Strategic Business Report

The global market for Benzoic Acid was valued at US$1.3 Billion in 2024 and is projected to reach US$1.7 Billion by 2030, growing at a CAGR of 4.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Benzoic Acid market.

Global Benzoic Acid Market - Key Trends and Drivers Summarized

How Is Benzoic Acid Integral to Various Industrial Applications?

Benzoic acid, a simple aromatic carboxylic acid, is a versatile chemical compound that plays a crucial role in various industrial applications. It is most commonly recognized for its use as a preservative in the food and beverage industry, where it is valued for its ability to inhibit the growth of mold, yeast, and some bacteria, thereby extending the shelf life of products. Benzoic acid and its sodium salt, sodium benzoate, are widely used in acidic foods like carbonated beverages, fruit juices, and pickles. Beyond its preservative qualities, benzoic acid serves as a key intermediate in the production of a wide array of chemicals, including phenol, plasticizers, and resins. Its antimicrobial properties also make it an important ingredient in personal care products, such as toothpaste and mouthwashes, where it helps to maintain product stability and prevent microbial contamination. The compound's versatility across multiple industries underscores its importance as a chemical building block.

What Role Does Benzoic Acid Play in the Production of Other Chemicals?

Benzoic acid is not only valuable in its direct applications but also as a precursor in the synthesis of various other chemical compounds. One of its most significant uses is in the production of phenol, a vital industrial chemical used to manufacture plastics, nylon, and other synthetic materials. The process involves the oxidation of toluene to produce benzoic acid, which is then converted into phenol through a series of chemical reactions. Additionally, benzoic acid is a key raw material in the production of plasticizers, which are used to enhance the flexibility and durability of plastics in products like PVC. The compound is also essential in the synthesis of alkyd resins, which are used in paints and coatings, offering improved adhesion, gloss, and durability. These industrial applications highlight benzoic acid’s role as a fundamental building block in the manufacturing of a wide range of products, from consumer goods to industrial materials.

Why Is the Demand for Benzoic Acid Growing in Various Markets?

The demand for benzoic acid is steadily increasing across various markets, driven by its extensive applications and the growing need for effective preservatives and industrial chemicals. In the food and beverage industry, the rising consumer preference for convenience foods and ready-to-drink beverages has amplified the demand for preservatives that ensure product safety and longevity. Similarly, the expansion of the personal care industry, particularly in emerging markets, is fueling the demand for benzoic acid in products like cosmetics and toiletries, where it functions as a preservative and stabilizer. The chemical’s role in the production of other industrial chemicals, such as phenol and plasticizers, is also a significant driver, particularly as the global plastics and resins markets continue to expand. Furthermore, the shift towards more sustainable and environmentally friendly chemicals is encouraging manufacturers to explore bio-based sources of benzoic acid, which could further boost its demand in the coming years.

What Factors Are Propelling Growth in the Benzoic Acid Market?

The growth in the benzoic acid market is driven by several factors, including the rising demand for preservatives in the food and beverage industry, where benzoic acid plays a critical role in extending the shelf life of various products. Technological advancements in chemical manufacturing are enabling more efficient and cost-effective production processes, which are expanding the availability of benzoic acid for industrial use. The growing plastics and resins industries, which rely on benzoic acid as a key raw material, are also contributing to market expansion. Additionally, the increasing focus on sustainability and the development of bio-based benzoic acid are opening new avenues for growth, as consumers and industries alike seek greener alternatives to traditional chemicals. As these factors converge, the benzoic acid market is poised for sustained growth, supported by ongoing innovations and the broadening scope of its applications across multiple sectors.

Report Scope

The report analyzes the Benzoic Acid market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Application (Benzoates, Alkyd Resins, Benzoate Plasticizers, Benzoyl Chloride, Animal Feed Additives); End-Use (Food & Beverage, Pharmaceuticals, Chemical, Other End-Uses).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Benzoates Application segment, which is expected to reach US$701.6 Million by 2030 with a CAGR of a 4.8%. The Alkyd Resins Application segment is also set to grow at 5.0% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $335.5 Million in 2024, and China, forecasted to grow at an impressive 8.1% CAGR to reach $358.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Benzoic Acid Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Benzoic Acid Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Benzoic Acid Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as ABC Chemical Exports Pvt., Ltd., ABCR GmbH & Co., KG., Anhui Herrman Impex Co. Ltd, Arpadis Benelux NV, Chemceed and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 41 companies featured in this Benzoic Acid market report include:

• ABC Chemical Exports Pvt., Ltd.
• ABCR GmbH & Co., KG.
• Anhui Herrman Impex Co. Ltd
• Arpadis Benelux NV
• Chemceed
• Choice Organochem LLP
• Efkam Organics
• Fujairah Chemical
• FUSHIMI Pharmaceutical Co., Ltd.
• Hemadri Chemicals

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry