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Benzoic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image
Benzoic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F- Product Image
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Benzoic Acid Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

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    Report

  • 185 Pages
  • November 2025
  • Region: Global
  • TechSci Research
  • ID: 5941596
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Food and Beverages is the fastest growing segment, Asia-Pacific is the largest regional market

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The Global Benzoic Acid Market, valued at USD 1.30 Billion in 2024, is projected to experience a CAGR of 4.91% to reach USD 1.73 Billion by 2030. Benzoic acid, an aromatic carboxylic acid, is widely utilized across various industries, frequently serving as an intermediate in the production of diverse chemicals, including its salts like sodium benzoate, phenol, and alkyd resins. Market expansion is primarily driven by the increasing demand for effective food preservatives in the food and beverage sector, where it inhibits microbial growth, alongside its critical applications in the pharmaceutical industry for drug synthesis and in the chemical sector for manufacturing plasticizers and alkyd resins. This demand is further propelled by evolving consumer lifestyles that favor packaged and processed food products requiring extended shelf life.

Key Market Drivers

The escalating global demand for packaged and processed foods serves as a primary catalyst for the benzoic acid market. Modern consumer lifestyles, driven by increased urbanization and busy schedules, necessitate convenient food options with extended shelf lives. Benzoic acid effectively inhibits microbial spoilage in various acidic products like fruit juices, jams, and pickles, making it a crucial preservative. This consistent requirement for effective food preservation solutions directly propels market demand. Demonstrating this trend, according to Eastman Chemical Company, in October 2024, the company expanded its benzoic acid manufacturing capacity in a new United States plant to meet increasing demand in food preservatives and industrial applications.

Key Market Challenges

The volatility of raw material costs, particularly toluene, presents a significant impediment to the growth of the global benzoic acid market. Toluene is a key precursor in benzoic acid synthesis, making its price fluctuations directly impactful on production economics. Unpredictable raw material expenses lead to increased operational costs for manufacturers, consequently narrowing profit margins and hindering stable pricing strategies. This fluctuating cost environment complicates long-term financial planning and deters crucial investments in capacity expansion or technological upgrades within the benzoic acid sector.

Key Market Trends

Innovation and Adoption of Bio-based Benzoic Acid Alternatives

A significant trend is the innovation and adoption of bio-based benzoic acid alternatives, reflecting the chemical industry’s pivot towards sustainable production. This shift, driven by environmental concerns, demands substantial green chemistry investment. According to the American Chemistry Council's 2024 Year-End Situation & Outlook, US chemical industry capital spending rose 4.1% to $34 billion in 2024, with sustainability investments active. This fosters eco-conscious solutions. For instance, in September 2025, LANXESS began producing benzoic acid at its Botlek site using low-emission electricity, eliminating fossil fuels and reducing the product’s carbon footprint.

Key Market Players Profiled:

  • Avantor Inc.
  • Merck KGaA
  • Ganesh Benzoplast Ltd.
  • Spectrum Chemical Manufacturing Corp
  • Wuhan Youji Industries Co. Ltd.
  • FBC Industries, Inc.
  • Tengzhou Tenglong Chemical Co., Ltd.
  • CellMark AB
  • A.M. Food Chemical Co. Limited
  • Hugestone enterprise Co. Ltd.

Report Scope:

In this report, the Global Benzoic Acid Market has been segmented into the following categories:

By Form:

  • Powder
  • Granules

By Application:

  • Food and Beverages
  • Cosmetics
  • Pharmaceuticals
  • Others

By Region:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Benzoic Acid Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Benzoic Acid Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Form (Powder, Granules)
5.2.2. By Application (Food and Beverages, Cosmetics, Pharmaceuticals, Others)
5.2.3. By Region
5.2.4. By Company (2024)
5.3. Market Map
6. North America Benzoic Acid Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Form
6.2.2. By Application
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Benzoic Acid Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Form
6.3.1.2.2. By Application
6.3.2. Canada Benzoic Acid Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Form
6.3.2.2.2. By Application
6.3.3. Mexico Benzoic Acid Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Form
6.3.3.2.2. By Application
7. Europe Benzoic Acid Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Form
7.2.2. By Application
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. Germany Benzoic Acid Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Form
7.3.1.2.2. By Application
7.3.2. France Benzoic Acid Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Form
7.3.2.2.2. By Application
7.3.3. United Kingdom Benzoic Acid Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Form
7.3.3.2.2. By Application
7.3.4. Italy Benzoic Acid Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Form
7.3.4.2.2. By Application
7.3.5. Spain Benzoic Acid Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Form
7.3.5.2.2. By Application
8. Asia-Pacific Benzoic Acid Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Form
8.2.2. By Application
8.2.3. By Country
8.3. Asia-Pacific: Country Analysis
8.3.1. China Benzoic Acid Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Form
8.3.1.2.2. By Application
8.3.2. India Benzoic Acid Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Form
8.3.2.2.2. By Application
8.3.3. Japan Benzoic Acid Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Form
8.3.3.2.2. By Application
8.3.4. South Korea Benzoic Acid Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Form
8.3.4.2.2. By Application
8.3.5. Australia Benzoic Acid Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Form
8.3.5.2.2. By Application
9. Middle East & Africa Benzoic Acid Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Form
9.2.2. By Application
9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
9.3.1. Saudi Arabia Benzoic Acid Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Form
9.3.1.2.2. By Application
9.3.2. UAE Benzoic Acid Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Form
9.3.2.2.2. By Application
9.3.3. South Africa Benzoic Acid Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Form
9.3.3.2.2. By Application
10. South America Benzoic Acid Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Form
10.2.2. By Application
10.2.3. By Country
10.3. South America: Country Analysis
10.3.1. Brazil Benzoic Acid Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Form
10.3.1.2.2. By Application
10.3.2. Colombia Benzoic Acid Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Form
10.3.2.2.2. By Application
10.3.3. Argentina Benzoic Acid Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Form
10.3.3.2.2. By Application
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. Global Benzoic Acid Market: SWOT Analysis
14. Porter's Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Avantor Inc.
15.1.1. Business Overview
15.1.2. Products & Services
15.1.3. Recent Developments
15.1.4. Key Personnel
15.1.5. SWOT Analysis
15.2. Merck KGaA
15.3. Ganesh Benzoplast Ltd.
15.4. Spectrum Chemical Manufacturing Corp
15.5. Wuhan Youji Industries Co. Ltd.
15.6. FBC Industries, Inc.
15.7. Tengzhou Tenglong Chemical Co., Ltd.
15.8. CellMark AB
15.9. A.M. Food Chemical Co. Limited
15.10. Hugestone enterprise Co. Ltd.
16. Strategic Recommendations17. About the Publisher & Disclaimer

Companies Mentioned

The companies profiled in this Benzoic Acid market report include:
  • Avantor Inc.
  • Merck KGaA
  • Ganesh Benzoplast Ltd.
  • Spectrum Chemical Manufacturing Corp
  • Wuhan Youji Industries Co. Ltd.
  • FBC Industries, Inc.
  • Tengzhou Tenglong Chemical Co., Ltd.
  • CellMark AB
  • A.M. Food Chemical Co. Limited
  • Hugestone enterprise Co. Ltd.

Table Information

Report AttributeDetails
No. of Pages185
PublishedNovember 2025
Forecast Period2024 - 2030
Estimated Market Value ( USD ) in 2024 $ 1.3 Billion
Forecasted Market Value ( USD ) by 2030 $ 1.73 Billion
Compound Annual Growth Rate4.9%
Regions CoveredGlobal
No. of Companies Mentioned11

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