Latest Developments in Global Benzoic Acid Market

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Latest Developments in Global Benzoic Acid Market

  • Chemical and Materials
  • Upcoming Report
  • Jan 2025
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

  • In August 2023, Sinteza S.A. launched a new initiative to generate thermal energy from waste, utilizing by-products from the benzoic acid production process to produce steam. This steam will be reintroduced into the production process, enhancing energy efficiency and sustainability. The project aligns with the company’s efforts to reduce waste and optimize energy usage
  • In August 2022, Brenntag, a global leader in chemical and ingredient distribution, entered a strategic collaboration with ISCA, a top distributor and manufacturer of specialty chemicals. This partnership focuses on preservatives for the cosmetics industry in the European market, allowing both companies to expand their reach and offerings in this sector
  • In August 2021, Lanxess finalized the acquisition of Emerald Kalama Chemical, a US-based company specializing in specialty chemicals. This acquisition significantly strengthened Lanxess's portfolio in the consumer sector, particularly in the production of preservatives, and expanded its offerings in the flavors and fragrances market

Frequently Asked Questions

The market is segmented based on Segmentation, By Application (Sodium Benzoate, Potassium Benzoate, Benzyl Benzoate, Benzoate Plasticizer, Alkyd Resin, Benzoyl Chloride, Feed Additive, and Others), End Use (Food and Beverages, Chemical Industry, Pharmaceutical Industry, and Others) - Industry Trends and Forecast to 2032 .
The Global Benzoic Acid Market size was valued at USD 1.17 USD Billion in 2024.
The Global Benzoic Acid Market is projected to grow at a CAGR of 5.3% during the forecast period of 2025 to 2032.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.