South and Central America 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: BMIRE00025226 | Pages: 49 | Industry: Chemicals and Materials | Date: Jun 2022
Covid

The South & Central America benzoic acid market is expected to grow from US$ 17,315.12 thousand in 2021 to US$ 25,511.13 thousand by 2028; it is estimated to grow at a CAGR of 5.7% 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 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 Revenue and Forecast to 2028 (US$ Thousand)

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 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.

 

1.           Introduction

1.1         The Insight Partners Research Report Guidance

1.2         Market Segmentation

1.2.1        Benzoic Acid Market, by Application

1.2.2        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.           SAM 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.           SAM 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 – SAM Market Analysis

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

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

7.           SAM 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.           SAM Benzoic Acid Market – Country Analysis

8.1         South and Central America: Benzoic Acid Market

8.1.1        South and Central America: Benzoic Acid Market, by Key Country

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

8.1.1.1.1          Brazil: Benzoic Acid Market, by Application

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

8.1.1.2.1          Argentina: Benzoic Acid Market, by Application

8.1.1.3          Rest of South and Central America: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

8.1.1.3.1          Rest of South and Central America: 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

10.5      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.             SAM Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Mn)

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

Table 3.             Brazil Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

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

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

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

Table 7.             Rest of SCAM Benzoic Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

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

Table 9.             Glossary of Terms, SAM benzoic acid market

 


LIST OF FIGURES

Figure 1.           SAM Benzoic Acid Market Segmentation

Figure 2.           SAM Benzoic Acid Market Segmentation – By Country

Figure 3.           SAM Benzoic Acid Market Overview

Figure 4.           South America Benzoic Acid Market, By Application

Figure 5.           South America Benzoic Acid Market, By Country

Figure 6.           SAM Porter’s Five Forces Analysis

Figure 7.           SAM Benzoic Acid Market, Ecosystem

Figure 8.           SAM Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 28.        South and Central America: Benzoic Acid Market Revenue, by Key Country (2020 and 2028)

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

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

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

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

Figure 33.        Rest of South and Central America: Benzoic Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 34.        Rest of South and Central America: Benzoic Acid Market –Revenue and Forecast to 2028 (Tons)

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