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 South & Central America benzoic acid market growth.
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South & Central America Benzoic Acid Market Revenue and Forecast to 2028 (US$ Thousand)
South & Central America Benzoic Acid Market Segmentation
The South & Central America benzoic acid market is bifurcated into application and country. Based on application, the South & Central America 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 South & Central America benzoic acid market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil dominated the market in 2020.
Eastman Chemical Company, Foodchem International Corporation, A.M Food CHEMICAL Co. Limited, Spectrum chemicals, LANXESS, MERCK KGaA, and Tiajin Dongda Chemical Groupe Co. are among the leading companies operating in the South & Central America benzoic acid market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 17,315.12 thousand |
| Market Size by 2028 | US$ 25,511.13 thousand |
| CAGR (2021 - 2028) | 5.7% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South and Central America Benzoic Acid Market is valued at US$ 17,315.12 thousand in 2021, it is projected to reach US$ 25,511.13 thousand by 2028.
As per our report South and Central America Benzoic Acid Market, the market size is valued at US$ 17,315.12 thousand in 2021, projecting it to reach US$ 25,511.13 thousand by 2028. This translates to a CAGR of approximately 5.7% during the forecast period.
The South and Central America Benzoic Acid Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South and Central America Benzoic Acid Market report:
The South and Central America Benzoic Acid Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South and Central America Benzoic Acid Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South and Central America Benzoic Acid Market value chain can benefit from the information contained in a comprehensive market report.
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