Global Benzoic Acid Market: Key Highlights
Global Benzoic Acid Market: Key Market Dynamics
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Global Benzoic Acid Market: Regional Overview
Asia-Pacific is expected to account the largest consumer of the benzoic acid across the globe. Increase in per-capita disposable income levels coupled with the shift towards dependency on processed foods and RTD beverages particularly in China and India is likely to drive regional demand. The Asia-Pacific is also likely to gains significant gains over the forecast period owing to increase in phenol production coupled with growth in end-use industries such as food & beverages, personal care and pharmaceuticals.
North America is likely to witness a steady growth rate over the forecast period. Substitution of phthalate plasticizers by benzoate plasticizers owing to stringent government regulations is likely to favor growth in this region. Benzoate plasticizers are expected to witness an increase in demand in North America over the forecast period owing to the aforementioned reason.
Global Benzoic Acid Market: Key Players Overview
Ganesh Benzoplast Limited is an India-based company, which is engaged in the manufacture, export and import of a range of specialty chemicals, food preservatives and industrial lubricants. The Company also provides conditioned storage facilities for bulk liquids and chemicals at various ports in India. Its segments include Chemical Division and Liquid Storage Terminal (LST) Division.
Himadri Chemical Ltd is an India-based most reliable and acclaimed Manufacturer, Trader and Supplier of Industrial Chemicals. The company is segregated into many departments, such as manufacturing, sales & marketing, customer care, quality assurance and logistics. The product range offered by us consists of Zinc Oxide, Benzoic Acid and Sulphamic Acid.
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