DUBLIN--(BUSINESS WIRE)--The "Benzoic Acid - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Benzoic Acid market worldwide is projected to grow by US$409.7 Million, driven by a compounded growth of 5.1%.
Benzoates, one of the segments analyzed and sized in this study, displays the potential to grow at over 5.4%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$600.9 Million by the year 2025, Benzoates will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 3.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$14.3 Million to the region's size and clout in the next 5 to 6 years. Over US$11.7 Million worth of projected demand in the region will come from the rest of the European markets.
In Japan, Benzoates will reach a market size of US$29.1 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.2% over the next couple of years and add approximately US$120.8 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East.
All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- Avantor Performance Materials, Inc.
- Choice Organochem LLP
- Eastman Chemical Company
- Emerald Performance Materials LLC
- FUSHIMI Pharmaceutical Co. Ltd.
- Ganesh Benzoplast Limited
- Hemadri Chemicals
- Indian Oil Corporation Ltd.
- Jqc (Huayin) Pharmaceutical Co. Ltd.
- Krishna Chemicals
- Navyug Pharmachem (P) Ltd.
- Pat Impex
- Premier Group of Industries
- Primechem Enterprises
- Reliance Industries Ltd.
- San Fu Chemical Co. Ltd.
- Sinteza (Romania)
- Swastik Industries
- The Chemical Company
- Tianjin Dongda Chemical Group Co. Ltd.
- triveni interchem private limited
- Velsicol Chemical, LLC
- Wuhan YouJi Industries Company Limited
Key Topics Covered
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- A Prelude into Benzoic Acid Market
- Global Competitor Market Shares
- Benzoic Acid Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Increase in Demand for Benzoic Acid from Food Industry Sector Spurs Market Growth
- Increase in Preference for Processed Beverages and Food Items to Support Benzoic Acid Market Growth
- Asia-Pacific: The Key Region in the Global Market
- The Pharmaceutical Sector is anticipated to Register Fastest Growth during Analysis Period
- Change in Consumer Habits and Shift towards Urbanization to Drive Market Demand, Especially in the Asia-Pacific Region
- Percentage Breakdown of Urban Population in Overall Population by Continents (2018)
- Application of Benzoic Acid in Benzoate Plasticizers to Drive Market Growth
- Innovations and Related Updates
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
V. CURATED RESEARCH
For more information about this report visit https://www.researchandmarkets.com/r/n7z4yj