Shibuya-ku, Tokyo, Japan, Japan, Aug 12, 2021, 02:37 /Comserve / -- This detailed analysis includes market size and forecasts, covering regional analysis, trends, opportunities and COVID-19 analysis. The analysis also includes key players with business strategies and key indicators that influence market growth.
The benzoic acid market is projected to grow from USD 1,009.9 million in 2018 to USD 1,313.5 million by 2023, at a CAGR of 5.4% from 2018 to 2023. The growth of the non-phthalate plasticizers manufacturing industry is led by the flourishing building & construction industry globally with increasing use of non-phthalate plasticizers in flooring & wall coverings application. Benzoic acid and its benzoates are used as preservatives in various food products.
The rising demand for packaged food items & beverages lead to the increased consumption of benzoic acid in the food & beverages industry.“The benzoate plasticizers segment is expected to be the fastest-growing application segment of the benzoic acid market during the forecast period.”
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"The Final Report will cover the impact analysis of COVID-19 on this industry: Benzoic Acid Market Insights by Latest Emerging Trends, Top Companies, Future Growth, Global Demand Forecast to 2023
China is the largest market for benzoic acid in the Asia Pacific region, in terms of value. Growing industrialization and changing lifestyle of masses in the region have led to the increased demand for processed and packaged food items & beverages. This offers enormous growth opportunities for the manufacturers of benzoic acid as benzoic acid, and its derivatives are used as food preservatives in packaged food items & beverages.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-109675
"The Final Report will cover the impact analysis of COVID-19 on this industry: Benzoic Acid Market Insights by Latest Emerging Trends, Top Companies, Future Growth, Global Demand Forecast to 2023
Profile break-up of primary participants for the report:
• By Company Type: Tier 1 – 20 %, Tier 2 – 45%, Tier 3 – 35%
• By Designation: C level – 25%, Director level – 30%, Others – 45%
• By Region: Asia Pacific – 53%, North America – 25%, Europe – 17%, Middle East & Africa – 3%, South America – 2%
Research Coverage:
The report defines, segments, and projects the benzoic acid market based on end-use industry, application, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers and opportunities. It also strategically profiles key players and comprehensively analyzes their market shares and core competencies. The report analyzes competitive developments, such as partnerships, contracts, and joint ventures; mergers & acquisitions; expansions; new product launches; and research & development activities are undertaken by key players to achieve growth in the market.
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE STUDY 15
1.2 MARKET DEFINITION 15
1.3 SCOPE OF THE STUDY 16
1.3.1 REGIONAL SCOPE 16
1.3.2 YEARS CONSIDERED FOR THE STUDY 17
1.4 CURRENCY 17
1.5 LIMITATION 17
1.6 STAKEHOLDERS 17
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