The global sodium benzoate market to grow at a CAGR of 4.49% during the period 2017-2021.
The report, Global Sodium Benzoate Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one driver in market is economic growth in APAC boosting demand for sodium benzoate. APAC is the largest and fastest growing market for sodium benzoate products worldwide. This is due to the improving economic growth and rising disposable income of consumers. The rapid increase in industrialization and development in China, India, and Japan is the key demand driver for sodium benzoate products in this region. The flourishing food and beverage industry is also propelling the growth of the sodium benzoate market in the region.
The continuous rise in the economies of China, India, Japan, Australia, and New Zealand has boosted the growth in APAC over the past few years. The Philippines, Vietnam, and Indonesia showed a growth rate of over 5.5% during the same year. APAC has progressed from macroeconomic policies such as promoting comprehensive growth, decent job formations, confirming economic stability, and economic transformation. These macroeconomic policies are expected to up surge the economic growth in the region, which in result is likely to boost the sodium benzoate market growth.
- Eastman Chemical
- FBC Industries
Tengzhou Tenglong Chemical
Other prominent vendors
- Jarchem Industries
- Shandong Tong Tai Wei Run Chemical
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/ns55lk/global_sodium