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)

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 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. 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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