The Benzoate market is a segment of the chemicals industry that produces benzoic acid and its derivatives. Benzoates are used in a variety of applications, including food and beverage preservatives, pharmaceuticals, and personal care products. Benzoates are also used as a corrosion inhibitor in metalworking fluids and as a stabilizer in plastics. Benzoates are produced through a variety of processes, including chemical synthesis, fermentation, and extraction from natural sources. The global benzoate market is expected to grow at a steady rate due to increasing demand from the food and beverage industry. Major players in the benzoate market include BASF, Dow Chemical, Eastman Chemical, Evonik Industries, and Solvay. Other companies in the market include AkzoNobel, Clariant, Lanxess, and Mitsubishi Chemical. Show Less Read more
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