Global Benzenecarboxylic Acid Market Analysis, Growth, Trends & Forecast 2018-2023, With a Projected CAGR of 3.6% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Benzenecarboxylic Acid Market – Segmented by Production Process,
Application and Geography – Growth, Trends and Forecast (2018-2023)"
report has been added to ResearchAndMarkets.com's
offering.

The benzenecarboxylic acid market is expected to register a CAGR of 3.6%
during the forecast period 2018-2023.

The major market driver is the continuous demand for benzoate
plasticizers. Almost 90% of the plasticizers are used in the production
of PVC. Phthalate plasticizers are being widely used and are often
criticized for their slightly toxic content.

Benzoic acid and its salt derivatives are used as preservatives in the
food & beverage sector. It helps to improve and increase the storage
stability when used in emulsion formulations, liquid detergents, paints,
polishes, and waxes. The growing demand for preservatives to improve the
shelf life of the products, coupled with the growth in the food &
beverages industry, is likely to drive the benzoic acid market during
the forecast period.

Asia-Pacific is the most promising market for benzoic acid, accounting
for 50% of the global demand, and is anticipated to dominate the market
in the near future owing to the vast demand for plasticizers. China and
Japan, followed by India, are expected to be the biggest consumers of
benzoic acid in Asia-Pacific.

Companies Mentioned

• Hebei Smart Chemicals Co.Ltd.
• Emerald Performance Materials
• Chemcrux Enterprise Limited
• Velsicol Chemical LLC
• Apollo Scientific
• Novaphene
• Huangshi Taihua Industry SAn Fu Chemical Co. Ltd.
• Sinteza S.A
• Ganesh Benzoplast Limited

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Market Analysis

7. Competitive Landscape

8. Company Profiles

9. Disclaimer

For more information about this report visit https://www.researchandmarkets.com/research/krdgk5/global?w=4

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Related
Topics: Plastic
Additives