HOME Top Market Reports Benzoic Acid Market by Application (Benzoates, Benzoate Plasticizers, Alkyd Resins, Benzoyl Chloride, Animal Feed Additive), End-Use Industry (Food & Beverages, Chemical, Pharmaceutical), and Region - Global Forecast to 2023

Benzoic Acid Market by Application (Benzoates, Benzoate Plasticizers, Alkyd Resins, Benzoyl Chloride, Animal Feed Additive), End-Use Industry (Food & Beverages, Chemical, Pharmaceutical), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: CH 6189

 

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The global benzoic acid market is projected to grow from USD 950.2 Million in 2017 to USD 1,313.5 Million by 2023, at a CAGR of 5.4% during the forecast period.

The objectives of this study are:

  • To analyze and forecast the size of the benzoic acid market, in terms of value and volume
  • To define, segment, and estimate the size of the benzoic acid market based on application, end-use industry, and region
  • To project the size of the benzoic acid market and its segments, in terms of volume and value, with respect to 5 main regions, namely, Asia Pacific, North America, Europe, Middle East & Africa, and South America
  • To provide detailed information regarding the crucial factors such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the benzoic acid market
  • To strategically analyze micro-markets with respect to the individual growth trends, prospects, and their contribution to the total benzoic acid market
  • To analyze the opportunities in the benzoic acid market for stakeholders and provide a competitive landscape of the market
  • To track and analyze competitive developments such as new product launches, acquisitions, investments, expansions, partnerships, agreements, joint ventures, collaborations, and product approvals in the benzoic acid market
  • To profile the profile the key players and comprehensively analyze their market shares and core competencies

The years considered for the study are:

  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2023
  • Forecast Period – 2018 to 2023

For company profiles in the report, 2017 has been considered as the base year. In cases wherein information is unavailable for the base year, the years prior to it have been considered.

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. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The breakdown of profiles of primaries is depicted in the figure below

Benzoic Acid Market

To know about the assumptions considered for the study, download the pdf brochure

The benzoic acid market has a diversified ecosystem of upstream players, including raw material suppliers, along with downstream stakeholders, vendors, and government organizations. Companies operating in the benzoic acid market include Emerald Performance Materials (US), Wuhan Youji Industries Co. (China), Tianjin Dongda Chemical Group (China), and Liao Ning Huayi Chemical Industry & Commerce Co. (China), among others.

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

This study answers several questions for stakeholders, primarily the market segments which they need to focus upon during the next two to five years so that they may prioritize their efforts and investments accordingly.

The scope of the report:

his research report categorizes the benzoic acid market based on end-use industry, application, and region, and forecasts revenues as well as analyzes trends in each of the submarkets.

Benzoic Acid Market, On the Basis of End-Use Industry:

  • Food & Beverages
  • Chemical
  • Pharmaceutical

Benzoic Acid Market, On the Basis of Application:

  • Benzoates
  • Benzoate plasticizers
  • Benzoyl Chloride
  • Alkyd Resins
  • Animal Feed Additive

Benzoic Acid Market, On the Basis of Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

The following customization options are available for the report:

Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company.

Geographic Analysis

  • A further breakdown of the Rest of Asia Pacific, Rest of the Middle East & Africa, Rest of Europe, and Rest of South America benzoic acid markets.

Company Information

  • Detailed analysis and profiles of additional market players (up to five companies).

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Scope of the Study
           1.3.1 Regional Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitation
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 26)
    3.1 Benzoic Acid Market, By End-Use Industry
    3.2 Benzoic Acid Market, By Application
    3.3 Benzoic Acid Market, By Region

4 Premium Insights (Page No. - 30)
    4.1 Significant Growth Opportunities In the Benzoic Acid Market
    4.2 Benzoic Acid Market, By Region
    4.3 Asia Pacific Benzoic Acid Market, By Country and Application
    4.4 Benzoic Acid Market, By Application and Region
    4.5 Benzoic Acid Market, By Country

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Demand for Benzoic Acid From the Food & Beverages Industry
                    5.2.1.2 Ongoing Urbanization and Shift In the Consumer Lifestyle,Particularly In the Asia Pacific Region
                    5.2.1.3 Increasing Demand for Processed Food Items & Beverages
           5.2.2 Restraints
                    5.2.2.1 Regulations to Limit the Use of Benzoic Acid In Packaged Food Items & Beverages
                    5.2.2.2 Prolonged Use of Benzoic Acid Can Cause Harm to Lungs and Digestive Tract 
           5.2.3 Opportunities
                    5.2.3.1 Replacement of Phthalate Plasticizers With Non-Phthalate Plasticizers In the European and North American Regions
           5.2.4 Challenges
                    5.2.4.1 Limited Use of Benzoic Acid as A Food Preservative In Developed Economies
                    5.2.4.2 Fluctuating Prices of Toluene
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 Food Preservatives Market
           5.4.2 Non-Phthalate Plasticizers Market
    5.5 Derivatives
           5.5.1 Sodium Benzoate
           5.5.2 Potassium Benzoate
           5.5.3 Benzyl Chloride
           5.5.4 Benzyl Benzoate

6 Benzoic Acid Market, By Application (Page No. - 42)
    6.1 Introduction
    6.2 Benzoates
    6.3 Benzoate Plasticizers
    6.4 Alkyd Resins
    6.5 Benzoyl Chloride
    6.6 Animal Feed Additive
    6.7 Others

7 Benzoic Acid Market, By End-Use Industry (Page No. - 50)
    7.1 Introduction
    7.2 Food & Beverages
    7.3 Chemical
    7.4 Pharmaceutical
    7.5 Others

8 Benzoic Acid Market, By Region (Page No. - 57)
    8.1 Introduction
    8.2 Asia Pacific
           8.2.1 China
           8.2.2 Japan
           8.2.3 India
           8.2.4 South Korea
           8.2.5 Singapore
           8.2.6 Malaysia
           8.2.7 Australia
           8.2.8 Rest of Asia Pacific
    8.3 Europe
           8.3.1 Germany
           8.3.2 The Netherlands
           8.3.3 France
           8.3.4 UK
           8.3.5 Italy
           8.3.6 Russia
           8.3.7 Spain
           8.3.8 Rest of Europe
    8.4 North America
           8.4.1 US
           8.4.2 Canada
           8.4.3 Mexico
    8.5 Middle East & Africa
           8.5.1 Saudi Arabia
           8.5.2 Iran
           8.5.3 Rest of the Middle East & Africa
    8.6 South America
           8.6.1 Brazil
           8.6.2 Argentina
           8.6.3 Rest of South America

9 Competitive Landscape (Page No. - 106)
    9.1 Overview
    9.2 Market Share Analysis
    9.3 Competitive Situations & Trends
           9.3.1 Expansions
           9.3.2 Agreements

10 Company Profiles (Page No. - 111)
     10.1 Ariha Chemicals
     10.2 Emerald Performance Materials
     10.3 Ganesh Benzoplast
     10.4 Hemadri Chemicals
     10.5 IG Petrochemicals
     10.6 Krishna Chemicals
     10.7 Navyug Pharmachem
     10.8 Nimbasia
     10.9 Premier Group of Industries
     10.10 Reliance Industries
     10.11 Tianjin Dongda Chemical Group
     10.12 Wuhan Youji Industries Co.
     10.13 Other Leading Players
             10.13.1 Avantor Performance Materials
             10.13.2 Choice Organochem
             10.13.3 Eastman Chemical Company
             10.13.4 Fushimi Pharmaceutical Co.
             10.13.5 Indian Oil Corporation
             10.13.6 Liao Ning Huayi Chemical Industry & Commerce Co.
             10.13.7 PAT Impex
             10.13.8 Primechem Enterprises
             10.13.9 SAN FU Chemical Group Co.
             10.13.10 Sinteza
             10.13.11 Smart Chemicals Group Co.
             10.13.12 Swastik Industries
             10.13.13 Triveni Interchem
             10.13.14 the Chemical Company
             10.13.15 Velsicol Chemical
             10.13.16 JQC (Huayin) Pharmaceutical Co.

11 Appendix (Page No. - 129)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing Rt: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (113 Tables)

Table 1 Food Preservatives Market, By Region, 2014–2021 (USD Million)
Table 2 Benzoic Acid Market, By Application, 2016–2023 (USD Million)
Table 3 Benzoic Acid Market, By Application, 2016–2023 (Kilo Tons)
Table 4 Benzoic Acid Market In Benzoates, By Region, 2016–2023 (USD Million)
Table 5 Benzoic Acid Market In Benzoates, By Region, 2016–2023 (Kilo Tons)
Table 6 Benzoic Acid Market In Benzoate Plasticizers, By Region, 2016–2023 (USD Million)
Table 7 Benzoic Acid Market In Benzoate Plasticizers, By Region, 2016–2023 (Kilo Tons)
Table 8 Benzoic Acid Market In Alkyd Resins, By Region, 2016–2023 (USD Million)
Table 9 Benzoic Acid Market In Alkyd Resins, By Region, 2016–2023 (Kilo Tons)
Table 10 Benzoic Acid Market In Benzoyl Chloride, By Region, 2016–2023 (USD Million)
Table 11 Benzoic Acid Market In Benzoyl Chloride, By Region, 2016–2023 (Kilo Tons)
Table 12 Benzoic Acid Market In Animal Feed Additive, By Region, 2016–2023 (USD Million)
Table 13 Benzoic Acid Market In Animal Feed Additive, By Region, 2016–2023 (Kilo Tons)
Table 14 Benzoic Acid Market In Other Applications, By Region, 2016–2023 (USD Million)
Table 15 Benzoic Acid Market In Other Applications, By Region, 2016–2023 (Kilo Tons)
Table 16 Benzoic Acid Market, By End-Use Industry, 2016–2023 (USD Million)
Table 17 Benzoic Acid Market, By End-Use Industry, 2016–2023 (Kilo Tons)
Table 18 Benzoic Acid Market for Food & Beverages, By Region, 2016–2023 (USD Million)
Table 19 Benzoic Acid Market for Food & Beverages, By Region, 2016–2023 (Kilo Tons)
Table 20 Benzoic Acid Market for Chemical, By Region, 2016–2023 (USD Million)
Table 21 Benzoic Acid Market for Chemical, By Region, 2016–2023 (Kilo Tons)
Table 22 Benzoic Acid Market for Pharmaceutical, By Region, 2016–2023 (USD Million)
Table 23 Benzoic Acid Market for Pharmaceutical, By Region, 2016–2023 (Kilo Tons)
Table 24 Benzoic Acid Market for Other End-Use Industries, By Region, 2016–2023 (USD Million)
Table 25 Benzoic Acid Market for Other End-Use Industries, By Region, 2016–2023 (Kilo Tons)
Table 26 Benzoic Acid Market, By Region, 2016–2023 (USD Million)
Table 27 Benzoic Acid Market, By Region, 2016-2023 (Kilo Tons)
Table 28 Benzoic Acid Market, By End-Use Industry, 2016-2023 (USD Million)
Table 29 Benzoic Acid Market, By End-Use Industry, 2016-2023 (Kilo Tons)
Table 30 Benzoic Acid Market, By Application, 2016-2023 (USD Million)
Table 31 Benzoic Acid Market, By Application, 2016-2023 (Kilo Tons)
Table 32 Asia Pacific By Market, By Country, 2016-2023 (USD Million)
Table 33 Asia Pacific By Market, By Country, 2016-2023 (Kilo Tons)
Table 34 Asia Pacific By Market, By End-Use Industry, 2016-2023 (USD Million)
Table 35 Asia Pacific By Market, By End-Use Industry, 2016-2023 (Kilo Tons)
Table 36 Asia Pacific By Market, By Application, 2016-2023 (USD Million)
Table 37 Asia Pacific By Market, By Application, 2016-2023 (Kilo Tons)
Table 38 China By Market, By Application, 2016-2023 (USD Million)
Table 39 China By Market, By Application, 2016-2023 (Kilo Tons)
Table 40 Japan By Market, By Application, 2016-2023 (USD Million)
Table 41 Japan By Market, By Application, 2016-2023 (Kilo Tons)
Table 42 India By Market, By Application, 2016-2023 (USD Million)
Table 43 India By Market, By Application, 2016-2023 (Kilo Tons)
Table 44 South Korea By Market, By Application, 2016-2023 (USD Million)
Table 45 South Korea By Market, By Application, 2016-2023 (Kilo Tons)
Table 46 Singapore By Market, By Application, 2016-2023 (USD Million)
Table 47 Singapore By Market, By Application, 2016-2023 (Kilo Tons)
Table 48 Malaysia By Market, By Application, 2016-2023 (USD Million)
Table 49 Malaysia By Market, By Application, 2016-2023 (Kilo Tons)
Table 50 Australia By Market, By Application, 2016-2023 (USD Million)
Table 51 Australia By Market, By Application, 2016-2023 (Kilo Tons)
Table 52 Rest of Asia Pacific By Market, By Application, 2016-2023 (USD Million)
Table 53 Rest of Asia Pacific By Market, By Application, 2016-2023 (Kilo Tons)
Table 54 Europe By Market, By Country, 2016-2023 (USD Million)
Table 55 Europe By Market, By Country, 2016-2023 (Kilo Tons)
Table 56 Europe By Market, By Application, 2016-2023 (USD Million)
Table 57 Europe By Market, By Application, 2016-2023 (Kilo Tons)
Table 58 Europe By Market, By End-Use Industry, 2016-2023 (USD Million)
Table 59 Europe By Market, By End-Use Industry, 2016-2023 (Kilo Tons)
Table 60 Germany By Market, By Application, 2016-2023 (USD Million)
Table 61 Germany By Market, By Application, 2016-2023 (Kilo Tons)
Table 62 Netherlands By Market, By Application, 2016-2023 (USD Million)
Table 63 Netherlands By Market, By Application, 2016-2023 (Kilo Tons)
Table 64 France By Market, By Application, 2016-2023 (USD Million)
Table 65 France By Market, By Application, 2016-2023 (Kilo Tons)
Table 66 UK By Market, By Application, 2016-2023 (USD Million)
Table 67 UK By Market, By Application, 2016-2023 (Kilo Tons)
Table 68 Italy By Market, By Application, 2016-2023 (USD Million)
Table 69 Italy By Market, By Application, 2016-2023 (Kilo Tons)
Table 70 Russia By Market, By Application, 2016-2023 (USD Million)
Table 71 Russia By Market, By Application, 2016-2023 (Kilo Tons)
Table 72 Spain By Market, By Application, 2016-2023 (USD Million)
Table 73 Spain By Market, By Application, 2016-2023 (Kilo Tons)
Table 74 Rest of Europe By Market, By Application, 2016-2023 (USD Million)
Table 75 Rest of Europe By Market, By Application, 2016-2023 (Kilo Tons)
Table 76 North America By Market, By Country, 2016-2023 (USD Million)
Table 77 North America By Market, By Country, 2016-2023 (Kilo Tons)
Table 78 North America By Market, By End-Use Industry, 2016-2023 (USD Million)
Table 79 North America By Market, By End-Use Industry, 2016-2023 (Kilo Tons)
Table 80 North America By Market, By Application, 2016-2023 (USD Million)
Table 81 North America By Market, By Application, 2016-2023 (Kilo Tons)
Table 82 US By Market, By Application, 2016-2023 (USD Million)
Table 83 US By Market, By Application, 2016-2023 (Kilo Tons)
Table 84 Canada By Market, By Application, 2016-2023 (USD Million)
Table 85 Canada By Market, By Application, 2016-2023 (Kilo Tons)
Table 86 Mexico By Market, By Application, 2016-2023 (USD Million)
Table 87 Mexico By Market, By Application, 2016-2023 (Kilo Tons)
Table 88 Middle East & Africa By Market, By Country, 2016-2023 (USD Million)
Table 89 Middle East & Africa By Market, By Country, 2016-2023 (Kilo Tons)
Table 90 Middle East & Africa By Market, By End-Use Industry, 2016-2023 (USD Million)
Table 91 Middle East & Africa By Market, By End-Use Industry, 2016-2023 (Kilo Tons)
Table 92 Middle East & Africa By Market, By Application, 2016-2023 (USD Million)
Table 93 Middle East & Africa By Market, By Application, 2016-2023 (Kilo Tons)
Table 94 Saudi Arabia By Market, By Application, 2016-2023 (USD Million)
Table 95 Saudi Arabia By Market, By Application, 2016-2023 (Kilo Tons)
Table 96 Iran By Market, By Application, 2016-2023 (USD Million)
Table 97 Iran By Market, By Application, 2016-2023 (Kilo Tons)
Table 98 Rest of the Middle East & Africa By Market, By Application, 2016-2023 (USD Million)
Table 99 Rest of the Middle East & Africa By Market, By Application, 2016-2023 (Kilo Tons)
Table 100 South America By Market, By Country, 2016-2023 (USD Million)
Table 101 South America By Market, By Country, 2016-2023 (Kilo Tons)
Table 102 South America By Market, By End-Use Industry, 2016-2023 (USD Million)
Table 103 South America By Market, By End-Use Industry, 2016-2023 (Kilo Tons)
Table 104 South America By Market, By Application, 2016-2023 (USD Million)
Table 105 South America By Market, By Application, 2016-2023 (Kilo Tons)
Table 106 Brazil By Market, By Application, 2016-2023 (USD Million)
Table 107 Brazil By Market, By Application, 2016-2023 (Kilo Tons)
Table 108 Argentina By Market, By Application, 2016-2023 (USD Million)
Table 109 Argentina By Market, By Application, 2016-2023 (Kilo Tons)
Table 110 Rest of South America By Market, By Application, 2016-2023 (USD Million)
Table 111 Rest of South America By Market, By Application, 2016-2023 (Kilo Tons)
Table 112 Expansions, January 2013 to January 2018
Table 113 Agreements, January 2013 to January 2018


List of Figures (25 Figures)

Figure 1 Benzoic Acid Market Segmentation
Figure 2 Benzoic Acid Market: Research Design
Figure 3 Benzoic Acid Market: Data Triangulation
Figure 4 The Food & Beverages End-Use Industry Segment Is Projected to Lead the Benzoic Acid Market Between 2018 and 2023
Figure 5 The Benzoate Plasticizers Application Segment of the Benzoic Acid Market Is Projected to Grow at The Highest Cagr Between 2018 and 2023
Figure 6 The Asia Pacific Region Is Projected to Be the Largest Market for Benzoic Acid Between 2018 and 2023
Figure 7 Benzoic Acid Market Is Projected to Witness Moderate Growth Between 2018 and 2023
Figure 8 The South America Benzoic Acid Market Is Projected to Grow at the Highest Rate From 2018 to 2023
Figure 9 The Food & Beverages End-Use Industry Segment Is Expected to Lead the Asia Pacific Benzoic Acid Market In 2018
Figure 10 the Benzoates Application Segment Is Projected to Lead the Asia Pacific Benzoic Acid Market In 2018
Figure 11 China Is Projected to Lead the Benzoic Acid Market Between 2018 and 2023
Figure 12 Dynamics of the Benzoic Acid Market
Figure 13 Global Sales of Packaged Food Items From 2014 to 2019 (USD Trillion)
Figure 14 The Benzoate Plasticizers Application Segment of the Benzoic Acid Market Is Projected to Grow at the Highest Cagr From 2018 to 2023
Figure 15 The Food & Beverages End-Use Industry Segment Is Projected to Lead the Benzoic Acid Market From 2018 to 2023
Figure 16 Regional Snapshot
Figure 17 Asia Pacific Benzoic Acid Market Snapshot
Figure 18 Europe Benzoic Acid Market Snapshot
Figure 19 North America Benzoic Acid Market Snapshot
Figure 20 Middle East & Africa Benzoic Acid Market Snapshot
Figure 21 South America Benzoic Acid Market Snapshot
Figure 22 Companies Adopted Organic Growth Strategies Between January 2013 and January 2018
Figure 23 Market Share Analysis of the Top Players of the Benzoic Acid Market In 2017
Figure 24 IG Petrochemicals: Company Snapshot
Figure 25 Reliance Industries: Company Snapshot

The 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.

The benzoic acid market, by application is segmented into benzoates, benzoate plasticizers, benzoyl chloride, alkyd resins, animal feed additive, and others. The benzoate plasticizers segment is expected to grow at the highest CAGR during the forecast period, due to the growing demand for non-phthalate plasticizers, which include benzoate plasticizers in various applications such as flooring & wall coverings, wires & cables, and consumers goods, among others.

By end-use industry, the benzoic acid market is segmented into chemical, food & beverages, pharmaceutical, and others. The food & beverages segment is estimated to account for the major share of the overall market in 2018 during the forecast period. The ongoing urbanization and changing lifestyle of masses are the factors leading to the increased demand for packaged food items. Benzoic acid, which is majorly consumed as sodium benzoate and potassium benzoate, is directly used as a food preservative in the food & beverages end-use industry. Thus, increase in demand for packaged food leads to the growth of the benzoic acid market across the globe.

South America is expected to be the fastest-growing market for benzoic acid during the forecast period. Countries in South America have huge prospects for the benzoic acid market because of the growing applications of refrigeration in various end-use industries such as chemical and pharmaceutical

Benzoic Acid Market

The growing concerns regarding harmful effects caused by excess consumption of benzoic acid on human health may adversely impact the growth of the benzoic acid market across the globe. Various regulations that mandate the manufacture and use benzoic acid have created complexities and uncertainties for manufacturers regarding the usage of benzoic acid in any food & beverages. This may also affect the benzoic acid market.

Key players operating in the benzoic acid market include Emerald Performance Materials (US), Wuhan Youji Industries Co. (China), Tianjin Dongda Chemical Group (China), and Liao Ning Huayi Chemical Industry & Commerce Co. (China), among others. These companies focus on investing in capacity expansions of plants to achieve growth in the benzoic acid market.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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