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)

Code: BMIRE00025232 | Pages: 52 | Industry: Chemicals and Materials | Date: Jun 2022
Covid

The Europe Benzoic Acid market is expected to grow from US$ 289,242.53 thousand in 2021 to US$ 396,464.02 thousand by 2028; it is estimated to register a CAGR of 4.6% from 2021 to 2028.

 

Benzoic acid is commonly used as an antimicrobial preservative in beverages, such as carbonated beverages. Further, sodium benzoate is a widely used preservative in soft drinks. Moreover, there is a shift in consumer preferences toward the adoption of convenience food and ready-to-drink beverages in Europe, thereby boosting the demand for benzoic acid. Thus, the robust growth in the food & beverages industry and the growing demand for preservatives to enhance the shelf life of multiple food products support the high demand for benzoic acid. Hence, the growing demand for benzoic acid from the food & beverages industry is driving the Europe benzoic acid market growth.

 
Europe Benzoic Acid Market Revenue and Forecast to 2028 (US$ Thousand)

Europe Benzoic Acid Market Revenue and Forecast to 2028 (US$ Thousand)

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Europe Benzoic Acid Market Segmentation

 

The Europe benzoic acid market is bifurcated into application and country. 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 dominated the market in 2020. Based on country, the Europe benzoic acid market is segmented into Germany, France, Italy, the UK, Russia, Turkey, and the Rest of Europe. The UK dominated the 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 operating in the Europe benzoic acid market.

1.           Introduction

1.1         The Insight Partners Research Report Guidance

1.2         Market Segmentation

1.2.1        Europe Benzoic Acid Market, by Application

1.2.2        Europe Benzoic Acid Market, by Country

2.           Key Takeaways

3.        Research Methodology

3.1         Scope of the Study

3.1.1        Benzoic Acid Market, by Application

3.2         Research Methodology

3.2.1        Data Collection:

3.2.2        Primary Interviews:

3.2.3        Hypothesis formulation:

3.2.4        Macro-economic factor analysis:

3.2.5        Developing base number:

3.2.6        Data Triangulation:

3.2.7        Country level data:

4.           Europe Benzoic Acid Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Threat of New Entrants:

4.2.2        Bargaining Power of Suppliers:

4.2.3        Bargaining Power of Buyers:

4.2.4        Competitive Rivalry:

4.2.5        Threat of Substitutes:

4.3         ECOSYSTEM ANALYSIS

4.4         Ecosystem Analysis

4.4.1        Raw Material Suppliers:

4.4.2        Manufacturers:

4.4.3        Distributors/Suppliers

4.4.4        Application:

4.5         Expert Opinion

5.           Europe Benzoic Acid Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Demand for Benzoic Acid from Food & Beverages Industry

5.1.2        Increasing Use of Benzoic Acid as an Intermediate in the Synthesis of Different Products

5.2         Market Restraints

5.2.1        Rising Volatility in Raw Material Prices

5.3         Market Opportunities

5.3.1        Increasing Growth of Cosmetic Industry

5.4         Future Trends

5.4.1        Replacement of Phthalate Plasticizers with Non-Phthalate Plasticizers

5.5         Impact Analysis of Drivers and Restraints

6.           Benzoic Acid – Europe Market Analysis

6.1         Europe Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

6.2         Europe Benzoic Acid Market –Volume and Forecast to 2028 (Tons)

7.           Europe Benzoic Acid Market Analysis – By Application

7.1         Overview

7.2         Benzoic Acid Market, By Application (2020 and 2028)

7.3         Food Preservatives

7.3.1        Overview

7.3.2        Food Preservatives: Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

7.3.3        Food Preservatives: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

7.4         Corrosive Inhibitors

7.4.1        Overview

7.4.2        Corrosive Inhibitors: Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

7.4.3        Corrosive Inhibitors: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

7.5         Alkyd Resins

7.5.1        Overview

7.5.2        Alkyd Resins: Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

7.5.3        Alkyd Resins: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

7.6         Synthesis Intermediates

7.6.1        Overview

7.6.2        Synthesis Intermediates: Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

7.6.3        Synthesis Intermediates: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

7.7         Plasticizers

7.7.1        Overview

7.7.2        Plasticizers: Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

7.7.3        Plasticizers: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

7.8         Feed Additives

7.8.1        Overview

7.8.2        Feed Additives: Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

7.8.3        Feed Additives: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

7.9         Others

7.9.1        Overview

7.9.2        Others: Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

7.9.3        Others: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

8.           Europe Benzoic Acid Market – Country Analysis

8.1         Europe: Benzoic Acid Market

8.1.1        Europe: Benzoic Acid Market, by Key Country

8.1.1.1          Germany: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.1.1          Germany: Benzoic Acid Market, by Application

8.1.1.2          France: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.3          France: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

8.1.1.3.1          France: Benzoic Acid Market, by Application

8.1.1.4          Italy: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.5          Italy: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

8.1.1.5.1          Italy: Benzoic Acid Market, by Application

8.1.1.5.2          United Kingdom: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.5.3          United Kingdom: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

8.1.1.5.4          United Kingdom: Benzoic Acid Market, by Application

8.1.1.6          Russia: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.7          Russia: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

8.1.1.7.1          Russia: : Benzoic Acid Market, by Application

8.1.1.8          Turkey: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.9          Turkey: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

8.1.1.9.1          Turkey : Benzoic Acid Market, by Application

8.1.1.10       Rest of Europe: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.11       Rest of Europe: Benzoic Acid Market –Volume and Forecast to 2028 (Tons)

8.1.1.11.1       Rest of Europe: Benzoic Acid Market, by Application

9.           Industry Landscape

9.1         Merger & Acquisition

10.        Company Profiles

10.1      Eastman Chemical Company

10.1.1     Key Facts

10.1.2     Business Description

10.1.3     Products and Services

10.1.4     Financial Overview

10.1.5     SWOT Analysis

10.1.6     Key Developments

10.2      Foodchem International Corporation

10.2.1     Key Facts

10.2.2     Business Description

10.2.3     Products and Services

10.2.4     Financial Overview

10.2.5     SWOT Analysis

10.2.6     Key Developments

10.3      A.M FOOD CHEMICAL CO., LIMITED

10.3.1     Key Facts

10.3.2     Business Description

10.3.3     Products and Services

10.3.4     Financial Overview

10.3.5     SWOT Analysis

10.3.6     Key Developments

10.4      OASIS FINE CHEM

10.4.1     Key Facts

10.4.2     Business Description

10.4.3     Products and Services

10.4.4     Financial Overview

10.4.5     SWOT Analysis

10.4.6     Key Developments

10.5      Spectrum Chemical

10.5.1     Key Facts

10.5.2     Business Description

10.5.3     Products and Services

10.5.4     Financial Overview

10.5.5     SWOT Analysis

10.5.6     Key Developments

10.6      LANXESS

10.6.1     Key Facts

10.6.2     Business Description

10.6.3     Products and Services

10.6.4     Financial Overview

10.6.5     SWOT Analysis

10.6.6     Key Developments

10.7      MERCK KGaA

10.7.1     Key Facts

10.7.2     Business Description

10.7.3     Products and Services

10.7.4     Financial Overview

10.7.5     SWOT Analysis

10.7.6     Key Developments

10.8      Tianjin Dongda Chemical Group Co.

10.8.1     Key Facts

10.8.2     Business Description

10.8.3     Products and Services

10.8.4     Financial Overview

10.8.5     SWOT Analysis

10.8.6     Key Developments

10.9      Sinteza

10.9.1     Key Facts

10.9.2     Business Description

10.9.3     Products and Services

10.9.4     Financial Overview

10.9.5     SWOT Analysis

10.9.6     Key Developments

11.        Appendix

11.1      About The Insight Partners

11.2      Glossary of Terms

LIST OF TABLES

Table 1.             Europe Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2.             Europe Benzoic Acid Market –Volume and Forecast to 2028 (Tons)

Table 3.             Germany Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 4.             Germany Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)

Table 5.             France Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 6.             France Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)

Table 7.             Italy Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)

Table 8.             Italy Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)

Table 9.             United Kingdom Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 10.          United Kingdom Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)

Table 11.          Russia : Benzoic Acid Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)

Table 12.          Russia : Benzoic Acid Market, by Application– Volume and Forecast to 2028 (Tons)

Table 13.          Turkey : Benzoic Acid Market, by Application– Revenue and Forecast to 2028 (US$ Thousand)

Table 14.          Turkey : Benzoic Acid Market, by Application– Volume and Forecast to 2028 (Tons)

Table 15.          Rest of Europe Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 16.          Rest of Europe Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)

Table 17.          Glossary of Terms, Europe benzoic acid market

 


LIST OF FIGURES

Figure 1.           Europe Benzoic Acid Market Segmentation

Figure 2.           Europe Benzoic Acid Market Segmentation – By Country

Figure 3.           Europe Benzoic Acid Market Overview

Figure 4.           Europe Benzoic Acid Market, By Application

Figure 5.           Europe Benzoic Acid Market, By Country

Figure 6.           Europe Porter’s Five Forces Analysis

Figure 7.           Europe Benzoic Acid Market, Ecosystem

Figure 8.           Europe Expert Opinion

Figure 9.           Europe benzoic acid market Impact Analysis of Drivers and Restraints

Figure 10.        Europe Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 11.        Europe Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

Figure 12.        Europe Benzoic Acid Market Revenue Share, By Application (2020 and 2028)

Figure 13.        Europe Food Preservatives: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)

Figure 14.        Europe Food Preservatives: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)

Figure 15.        Europe Corrosive Inhibitors : Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)

Figure 16.        Europe Corrosive Inhibitors : Benzoic Acid Market – Volume and Forecast To 2028 (Tons)

Figure 17.        Alkyd Resins: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)

Figure 18.        Europe Alkyd Resins: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)

Figure 19.        Europe Synthesis Intermediates: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)

Figure 20.        Europe Synthesis Intermediates: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)

Figure 21.        Europe Plasticizers: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)

Figure 22.        Europe Plasticizers: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)

Figure 23.        Europe Feed Additives : Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)

Figure 24.        Europe Feed Additives : Benzoic Acid Market – Volume and Forecast To 2028 (Tons)

Figure 25.        Europe Others: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)

Figure 26.        Europe Others: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)

Figure 27.        Europe: Benzoic Acid Market Revenue, by Key Country (2020 and 2028)

Figure 28.        Europe: Benzoic Acid Market Revenue Share, by Key Country (2020 and 2028)

Figure 29.        Germany: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 30.        Germany: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

Figure 31.        France: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 32.        France: Benzoic Acid Market– Volume and Forecast to 2028 (Tons)

Figure 33.        Italy: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 34.        Italy: Benzoic Acid Market– Volume and Forecast to 2028 (Tons)

Figure 35.        United Kingdom: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 36.        United Kingdom: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

Figure 37.        Russia: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 38.        Russia: Benzoic Acid Market– Volume and Forecast to 2028 (US$ Tons)

Figure 39.        Turkey: Benzoic Acid Market–Revenue and Forecast to 2028 (US$ Thousand)

Figure 40.        Turkey: Benzoic Acid Market–Volume and Forecast to 2028 (Tons)

Figure 41.        Rest of Europe: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 42.        Rest of Europe: Benzoic Acid Market – Volume and Forecast to 2028 (Tons)

  1. Eastman Chemical Company.
  2. Foodchem International Corporation.
  3. A.M Food CHEMICAL Co. Limited.
  4. OASIS FINE CHEM.
  5. Spectrum chemicals.
  6. LANXESS.
  7. MERCK KGaA.
  8. Tiajin Dongda Chemical Groupe Co.
  9. Sinteza.
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