What is the current Benzoic Acid Market size?

The Benzoic Acid Market is projected to register a CAGR of 5.60% during the forecast period (2024-2029) Read More

Who are the key players in Benzoic Acid Market?

I G Petrochemicals Ltd. (IGPL), Merck KGaA, Chemcrux Enterprises Ltd, The Chemical Company and Lanxess AG are the major companies operating in the Benzoic Acid Market. Read More

Which is the fastest growing region in Benzoic Acid Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Benzoic Acid Market?

In 2024, the North America accounts for the largest market share in Benzoic Acid Market. Read More

What years does this Benzoic Acid Market cover?

The report covers the Benzoic Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Benzoic Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the major factors driving the Benzoic Acid Market?

The major factors driving the Benzoic Acid Market are a) Increased demand for preserved food and beverages b) Expanding applications of benzoic acid in pharmaceuticals for anti-fungal medications and in cosmetics as a preservative Read More

Benzoic Acid Market Share

Statistics for the 2023 & 2024 Benzoic Acid market share, created by Mordor Intelligence™ Industry Reports. Benzoic Acid share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Benzoic Acid Industry

Benzoic acid is a highly fragmented market with the presence of a large number of local players across the globe. The extensive application of benzoic acid in various end-user industries has resulted in an increasing number of product launches by active manufacturers to consolidate their presence in the global market. The key players such as Lanxess AG, I G Petrochemicals Ltd. (IGPL), Merck KGaA, Chemcrux Enterprises Ltd, and The Chemical Company are also expanding their product range to capture maximum application areas of benzoic acid and attain a prominent share in the market. The giant manufacturers have intensified their research and development efforts to develop niche and innovative products based on the end-user industry's requirements.