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Global Benzoic Acid Market - Growth, Trends, and Forecast (2018 - 2023)

出版商 Mordor Intelligence LLP 商品編碼 572858
出版日期 內容資訊 英文 110 Pages
商品交期: 最快1-2個工作天內
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全球苯甲酸市場:成長,趨勢及預測(2017年∼2022年) Global Benzoic Acid Market - Growth, Trends, and Forecast (2018 - 2023)
出版日期: 2018年04月01日 內容資訊: 英文 110 Pages




第1章 簡介

  • 主要調查結果
  • 調查的前提條件
  • 市場定義

第2章 調查手法

  • 簡介
  • 調查階段
  • 2次調查
  • 討論指南
  • 商務分析

第3章 市場概要

  • 市場趨勢

第4章 市場動態

  • 成長要素
    • 加工食品、飲料的需求增加
    • 苯甲酸鈉及苯甲酸鉀的需求高漲
  • 阻礙因素
    • 苯甲酸的暴露相關的健康疑慮
  • 市場機會
    • 亞太地區市場上潛在的需求
  • 波特的五力分析
    • 供應商談判力
    • 買主談判力
    • 新加入廠商的威脅
    • 替代產品的威脅。服務
    • 競爭度

第5章 市場區隔

  • 各用途
    • 食品、飲料
    • 苯甲酸
    • 塑化劑
    • 飼料
    • 其他
  • 各地區
    • 北美
    • 歐洲
    • 亞太地區
    • 南美
    • 非洲

第6章 競爭情形

  • 主要企業的策略
  • 過去5年最積極的企業
  • 市場佔有率分析

第7章 企業簡介

  • Emerald Kalama
  • Novaphene
  • Huangshitaihua Industry
  • Srihari Chemicals
  • Sinteza SA
  • Chemcruz Enterprises Ltd.
  • Wuhan Youji Industries
  • 伏見製藥所
  • San Fu


Product Code: 34889


Market Insights

The benzoic acid market is expected to register a CAGR of over 3.6% during the forecast period. Food & beverages applications dominated benzoic acid consumption in the form of derivatives, such as sodium benzoate and potassium benzoate, and accounted for more than 45% for the total value, as of 2016. The application of food and beverages is expected to grow at an estimated CAGR of over 2.8% by 2023.

The application of benzoic acid can be traced in medical, dye intermediates, and animal feed. Benzoic acid is used as a constituent in the treatment of fungal skin diseases, such as ringworm, athlete's foot, etc. Benzoic acid is a common constituent in toothpaste, mouthwashes, deodorants, etc., where it acts as an anti-microbial agent.

Lifestyle Changes are Expected to Boost the Market for Benzoic Acid

Benzoic acid and its salt derivatives, used as preservatives, are represented by E-numbers, such as E210, E211, E212, and E213. This acid, when used as a preservative, is added to a concentration of 0.05-0.1% to food products. Growing demand for preservatives to improve shelf life of the products, coupled with the growth in the food & beverages industry, is likely to drive the benzoic acid market size during the forecast period. The rise in income, growing population, and a change in lifestyle are expected to drive the benzoic acid market growth.

Market Segmentation

The global benzoic acid market is segmented by application into food & beverage (preservative), chemicals, plasticizers, animal feed, and others. Owing to the hectic lifestyle, consumer preference is shifting towards convenience food and ready-to-drink (RTD) beverages. Packaged food & beverage is gaining popularity, with the increase in availability of different product ranges. This requires food & beverages to be safe for consumption after days or weeks of production, which begets the use of benzoic acid derivatives as preservatives.

Regional Analysis

Geographically, the global benzoic acid market is segmented into Asia-Pacific, Europe, and North America. Growing population, higher income, and changing psychographics among Asian countries drive the benzoic acid market growth in the region. The consumption of benzoic acid is relatively higher in the Asia-Pacific region, which is expected to boost market advancements. Moreover, the growing demand for sodium and potassium benzoate has been supporting the benzoic acid market growth. Per-capita plastic consumption is growing in countries like India and China, which is expected to enhance the demand for plasticizers, and ultimately drive growth in the market for benzoic acid.

In 2016, Asia-Pacific dominated the market and accounted for more than 50% of the total volume and value and is expected to witness significant growth during the forecast period. Europe was the second largest region and accounted for over 20% of the total demand in 2014. North America, particularly the United States benzoic acid market, accounted for over 10% of the total volume in 2016 and is anticipated to witness a steady growth rate during the forecast period. Substitution of phthalate plasticizers by benzoate plasticizers due to the stringent government regulations, is likely to favor the market growth in this region. Increase in per capita disposable income levels, coupled with the shifting trend towards processed food & beverage, particularly in China and India, is expected to drive market demand.

Key Developments

September 2017 - Emerald Kalama Chemical has concluded a USD 40 million benzoic acid and benzaldehyde expansion in Rotterdam, Netherlands. The company's expansion will support its hexyl cinnamic aldehyde (HCA) and amyl cinnamic aldehyde (ACA) plant in Widnes, England, which it acquired from Innospec in 2015, by providing it with additional benzaldehyde raw material.


Reasons to Purchase this Report

Analyzing outlook of the market with the recent trends and Porter's five forces analysis

Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come

Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects

Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market

Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years

Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs

Table of Contents

1. Introduction

  • 1.1 Report Description
  • 1.2 Key Deliverables of the Study
  • 1.3 Market Definition

2. Research Approach & Methodology

  • 2.1 Introduction
  • 2.2 Study Phases
  • 2.3 Secondary Research
  • 2.4 Discussion Guide
  • 2.5 Business Analysis

3. Market Overview

  • 3.1 Market Trends

4. Market Dynamics

  • 4.1 Drivers
    • 4.1.1 Increasing Demand for Packaged Food & Beverages
    • 4.1.2 Rising Demand for Sodium and Potassium Benzoate
  • 4.2 Restraints
    • 4.2.1 Health Concerns Pertaining to High Exposure to Benzoic Acid
  • 4.3 Opportunities
    • 4.3.1 Potential Demand in the Asia-Pacific Market
  • 4.4 Porter's Five Force Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products & Services
    • 4.4.5 Degree of Competition

5. Market Segmentation

  • 5.1 By Application
    • 5.1.1 Food & Beverage
    • 5.1.2 Chemicals
    • 5.1.3 Plasticizers
    • 5.1.4 Animal Feed
    • 5.1.5 Others
  • 5.2 By Geography
    • 5.2.1 North America
      • US
      • Canada
      • Mexico
      • Rest of North America
    • 5.2.2 Europe
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
    • 5.2.3 Asia-Pacific
      • China
      • Japan
      • India
      • Australia
      • Rest of Asia-Pacific
    • 5.2.4 South America
      • Brazil
      • Argentina
      • Rest of South America
    • 5.2.5 Africa
      • South Africa
      • Rest of Africa

6. Competitive Landscape

  • 6.1 Strategy Adopted by Key Players
  • 6.2 Most Active Companies in the Last Five Years
  • 6.3 Market Share Analysis

7. Company Profiles

  • 7.1 Emerald Kalama Chemical
  • 7.2 Novaphene
  • 7.3 Huangshitaihua Industry
  • 7.4 Srihari Chemicals
  • 7.5 Sinteza SA
  • 7.6 Chemcruz Enterprises Ltd.
  • 7.7 Wuhan Youji Industries
  • 7.8 Fushimi
  • 7.9 San Fu
  • 7.10 Nantong Haiers
  • 7.11 Huayin Jinqiancheng

8. Appendix

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