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BENZOIC ACID

Global Market Trajectory & Analytics

MCP10676

VALIDATED EXECUTIVE ENGAGEMENTS

Number of executives repeatedly engaged by snail & email outreach*

POOL + OUTREACH

1459

Interactions with Platform & by Email *

INTERACTIONS

263

Unique # Participated *

PARTICIPANTS

58

Responses Validated *

VALIDATIONS

26

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  •  DATE

    JUNE 2020

  •  TABLES

    216

  •  PAGES

    287

  •  EDITION

    7

  •  PRICE

    US$4950

COVID-19 IMPACT SURVEY MAY 2020
Amid the COVID-19 crisis and the looming economic recession, the Benzoic Acid market worldwide will grow by a projected US$307.7 Million, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.8%. Benzoates, one of the segments analyzed and sized in this study, is forecast to grow at over 4.1% and reach a market size of US$578.1 Million by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Benzoates market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.4% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over US$7.6 Million to the region's size over the next 7 to 8 years. In addition, over US$7.8 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Benzoates segment will reach a market size of US$26.1 Million by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Benzoic Acid market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 7.3% over the next couple of years and add approximately US$97.9 Million in terms of addressable market opportunity. Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Benzoic Acid market landscape. 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, among others, 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.; Nimbasia; 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

SEGMENTS

» Application (Benzoates, Benzoate Plasticizers, Benzoyl Chloride, Alkyd Resins, Animal Feed Additive) » End-Use Industry (Food & Beverages, Chemical, Pharmaceutical, Other End-Use Industries)

GEOGRAPHIES

» World » United States » Canada » Japan » China » Europe » France » Germany » Italy » United Kingdom » Spain » Russia » and Rest of Europe » Asia-Pacific » Australia » India » South Korea » and Rest of Asia-Pacific » Latin America » Argentina » Brazil » Mexico » and Rest of Latin America » Middle East » Iran » Israel » Saudi Arabia » United Arab Emirates » and Rest of Middle East » and Africa
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