Benzoic Acid Market is projected to grow from USD 1,009.9 Million in 2018 to USD 1,313.5 Million by 2023, at a CAGR of 5.4% from 2018 to 2023. Benzoic acid is extensively used to manufacture sodium benzoate and potassium benzoate which are also known as its derivatives.
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Target Audience
• Manufacturers of Benzoic Acid and its Salts
• Manufacturers of Benzoic Acid, End-use Industries
• Traders, Distributors, and Suppliers of Benzoic Acid
• Regional Manufacturers' Associations and Benzoic Acid
• Government and Regional Agencies
• Consulting Companies/Consultants in Chemical and Material Sectors
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Key players operating in the benzoic acid market include
• Emerald Performance Materials (US)
• Wuhan Youji Industries Co. (China)
• Tianjin Dongda Chemical Group (China)
• Liao Ning Huayi Chemical Industry & Commerce Co. (China).
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Research Methodology
The research methodology used to estimate and forecast the global benzoic acid market began with capturing data on key vendor revenues through secondary sources, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and various other government and private websites. Vendor offerings were also taken into consideration to determine the market segmentation. After arriving at the overall market size, the total market was split into several segments and subsegments, which were later verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives.
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