Middle East & Africa 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 Middle East & Africa benzoic acid market is expected to grow from US$ 32,413.25 thousand in 2021 to US$ 45,537.76 thousand by 2028; it is estimated to register a CAGR of 5.0% from 2021 to 2028.
Plasticizers are nonvolatile organic chemicals incorporated into a plastic or elastomer to improve the flexibility, extensibility, and processability of polymers. Benzoates are high solvating plasticizers for polyvinyl chloride (PVC) and are available as monobenzoates (benzoates) or dibenzoates. Benzoic acid is used in the production of benzoate and dibenzoate plasticizers. Benzoates plasticizers are widely used in flooring, wall coverings, adhesive and sealants, inks and waxes, and films and sheet products. There is a growing need for phthalate-free plasticizers, which creates a high demand for benzoate plasticizers. This is raising the requirement for benzoic acid. Hence, replacing phthalate plasticizers with non-phthalate plasticizers is expected to boost the MEA benzoic acid market growth.
Middle East & Africa Benzoic Acid Market Revenue and Forecast to 2028 (US$ Thousand)
Middle East & Africa Benzoic Acid Market Segmentation
The Middle East & Africa Benzoic Acid market is bifurcated into application and country. Based on application, the Middle East & Africa 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 Middle East & Africa Benzoic Acid market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA. The Rest of MEA 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, and Tiajin Dongda Chemical Groupe Co are among the leading companies operating in the Middle East & Africa benzoic acid market.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
1.2.1 MEA Benzoic Acid Market, by Application
1.2.2 MEA 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. MEA 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. MEA 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 – MEA Market Analysis
6.1 MEA Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
6.2 MEA Benzoic Acid Market –Volume and Forecast to 2028 (Tons)
7. MEA 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. MEA Benzoic Acid Market – Country Analysis
8.1 Middle East and Africa: Benzoic Acid Market
8.1.1 Middle East and Africa: Benzoic Acid Market, by Key Country
8.1.1.1 Saudi Arabia: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.1.1 Saudi Arabia: Benzoic Acid Market, by Application
8.1.1.2 South Africa: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.2.1 South Africa: Benzoic Acid Market, by Application
8.1.1.3 UAE: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.3.1 UAE: Benzoic Acid Market, by Application
8.1.1.4 Rest of Middle East: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
8.1.1.4.1 Rest of MEA: 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
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. MEA Benzoic Acid Market –Volume and Forecast to 2028 (Tons)
Table 3. Saudi Arabia Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 4. Saudi Arabia Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)
Table 5. South Africa Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 6. South Africa Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)
Table 7. UAE Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 8. UAE Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)
Table 9. Rest of MEA Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)
Table 10. Rest of MEA Benzoic Acid Market, by Application – Volume and Forecast to 2028 (Tons)
Table 11. Glossary of Terms, MEA benzoic acid market
LIST OF FIGURES
Figure 1. MEA Benzoic Acid Market Segmentation
Figure 2. MEA Benzoic Acid Market Segmentation – By Country
Figure 3. MEA Benzoic Acid Market Overview
Figure 4. MEA Benzoic Acid Market, By Application
Figure 5. MEA Benzoic Acid Market, By Country
Figure 6. MEA Porter’s Five Forces Analysis
Figure 7. MEA Benzoic Acid Market, Ecosystem
Figure 8. MEA Expert Opinion
Figure 9. MEA benzoic acid market Impact Analysis of Drivers and Restraints
Figure 10. MEA Benzoic Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 11. MEA Benzoic Acid Market – Volume and Forecast to 2028 (Tons)
Figure 12. MEA Benzoic Acid Market Revenue Share, By Application (2020 and 2028)
Figure 13. MEA Food Preservatives: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 14. MEA Food Preservatives: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)
Figure 15. MEA Corrosive Inhibitors : Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 16. MEA Corrosive Inhibitors : Benzoic Acid Market – Volume and Forecast To 2028 (Tons)
Figure 17. MEA Alkyd Resins: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 18. MEA Alkyd Resins: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)
Figure 19. MEA Synthesis Intermediates: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 20. MEA Synthesis Intermediates: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)
Figure 21. MEA Plasticizers: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 22. MEA Plasticizers: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)
Figure 23. MEA Feed Additives : Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 24. MEA Feed Additives : Benzoic Acid Market – Volume and Forecast To 2028 (Tons)
Figure 25. MEA Others: Benzoic Acid Market – Revenue and Forecast To 2028 (US$ Thousand)
Figure 26. MEA Others: Benzoic Acid Market – Volume and Forecast To 2028 (Tons)
Figure 27. Middle East and Africa: Benzoic Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. Middle East and Africa: Benzoic Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 29. Saudi Arabia: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 30. Saudi Arabia: Benzoic Acid Market –Volume and Forecast to 2028 (Tons)
Figure 31. South Africa: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 32. South Africa: Benzoic Acid Market - Volume and Forecast to 2028 (Tons)
Figure 33. UAE: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 34. UAE: Benzoic Acid Market –Volume and Forecast to 2028 (Tons)
Figure 35. Rest of Middle East: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 36. Rest of Middle East: Benzoic Acid Market –Volume and Forecast to 2028 (Tons)
- 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.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa Benzoic Acid market forecast.
- Highlights key business priorities in order to assist companies to realign their business strategies.
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