Report : Europe Benzoic Acid Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Food Preservatives, Corrosive Inhibitor, Alkyd Resins, Synthesis Intermediates, Plasticizers, Feed Additives, and Others)
Synthesis Intermediates Segment to Dominate Europe Benzoic Acid market forecast to 2028 during 2019–2028
According to a new market research study on the Europe Benzoic Acid market Forecast to 2028 –– by application and countries is expected to reach US$ 396,464.02 thousand by 2028 from US$ 289,242.53 thousand in 2021. The market is estimated to grow at a CAGR of 4.6% % from 2021 to 2028. The report provides trends prevailing in the Europe Benzoic Acid market along with the drivers and restraints pertaining to the market growth. Growing demand for benzoic acid from food & beverages industry is the major factor driving the growth of the Europe Benzoic Acid market. However, issues associated with unstable Rising volatility in raw material prices factors the growth of Europe Benzoic Acid market.
The Europe Benzoic Acid market segmented into application and countries. Based on application the Europe Benzoic Acid market is segmented into food preservatives, corrosive inhibitor, alkyd resins, synthesis intermediates, plasticizers, feed additives, and others. The synthesis intermediates segment is dominated the Europe Benzoic Acid market in 2020.Based on country, the Europe Benzoic Acid market segmented into Germany, France, Italy, UK, Russia, Turkey and Rest of Europe. The UK is dominated the Europe Benzoic Acid market in 2020.
Eastman Chemical Company, Foodchem International Corporation, A.M Food CHEMICAL Co. Limited, OASIS FINE CHEM , Spectrum chemicals, LANXESS, MERCK KGaA, Tiajin Dongda Chemical Groupe Co. and Sinteza are among the leading companies in the Europe Benzoic Acid market.
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