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. 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.

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