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Market Analysis and Insights: Global Benzenecarboxylic Acid Market
The global Benzenecarboxylic Acid market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Benzenecarboxylic Acid market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Benzenecarboxylic Acid market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Benzenecarboxylic Acid market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Benzenecarboxylic Acid market.
Global Benzenecarboxylic Acid Scope and Market Size
Benzoic acid (C6H5COOH), is a colorless crystalline solid and a simple aromatic carboxylic acid. The name is derived from gum benzoin, which was for a long time its only known source. Benzoic acid occurs naturally in many plants and serves as an intermediate in the biosynthesis of many secondary metabolites. Salts of benzoic acid are used as food preservatives and benzoic acid is an important precursor for the industrial synthesis of many other organic substances. The salts and esters of benzoic acid are known as benzoates.
Market Analysis and Insights: Global Benzenecarboxylic Acid Market
Due to the COVID-19 pandemic, the global Benzenecarboxylic Acid market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, Food Grade accounting for % of the Benzenecarboxylic Acid global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Plasticizers segment is altered to an % CAGR throughout this forecast period.
By end-use industry, the benzoic acid market is segmented into chemical, food & beverages, pharmaceutical, and others. The food & beverages segment is estimated to account for the major share of the overall market in 2018 during the forecast period. The ongoing urbanization and changing lifestyle of masses are the factors leading to the increased demand for packaged food items. Benzoic acid, which is majorly consumed as sodium benzoate and potassium benzoate, is directly used as a food preservative in the food & beverages end-use industry. Thus, increase in demand for packaged food leads to the growth of the benzoic acid market across the globe.
Global Benzenecarboxylic Acid Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market?s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2030. This section mentions the volume of production by region from 2017 to 2030. Pricing analysis is included in the report according to each type from the year 2017 to 2030, manufacturer from 2017 to 2023, region from 2017 to 2023, and global price from 2017 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert?s opinions have been taken to understand the market better.
Global Benzenecarboxylic Acid Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2030. by Application segment also provides consumption during the forecast period of 2017 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Food Grade
Pharmaceutical Grade
Industrial Grade
Segment by Application
Plasticizers
Food Preservative
Pharmaceutical
Personal Care
Others
By Company
Eastman Chemical
San Fu Chemical
Emerald Performance Materials (LANXESS)
Wuhan Youji Industries
Tianjin Dongda Chemical
Liao Ning Huayi Chemical
Benxi Black Horse Chemical
Jiangsu Shunfeng Chemical
Shandong Province and Tai Wei Run Food
Eton Food
Tengzhou Aolong
Hunan Hongrun Chemical
Production by Region
North America
Europe
China
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
The information for each competitor/Company Profile includes:
The content of the study subjects includes a total of 15 chapters:
Chapter 1, describes Benzenecarboxylic Acid product scope, market overview, market opportunities, market driving force, and market risks.
Chapter 2, profiles the top manufacturers of Benzenecarboxylic Acid, with price, sales, revenue, and global market share of Benzenecarboxylic Acid from 2019 to 2022.
Chapter 3, the Benzenecarboxylic Acid competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Benzenecarboxylic Acid breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapters 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, and application, from 2017 to 2028.
Chapters 7, 8, 9, 10, and 11, to break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2017 to 2022. and the Benzenecarboxylic Acid market forecast, by regions, type, and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Benzenecarboxylic Acid.
Chapter 13, 14, and 15, to describe Benzenecarboxylic Acid sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Key Indicators Analysed:
Reasons to Purchase this Report:
Research Methodology:
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
| Report Attributes | Report Details |
|---|---|
| Report Title | Global Benzenecarboxylic Acid Market Research Report 2023 |
| Historical Year | 2018 to 2022 (Data from 2010 can be provided as per availability) |
| Base Year | 2021 |
| Forecast Year | 2029 |
| Number of Pages | 93 Pages |
| Customization Available | Yes, the report can be customized as per your need. |
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