Global Benzoic Acid Market Size, Share & Trends Analysis Report By End-User, By Application, By Regional Outlook and Forecast, 2024 - 2031
벤조산 시장 규모는 예측 기간 동안 5.3%의 CAGR로 시장이 성장하여 2031년까지 16억 달러에 달할 것으로 예상되며, 2023년에는 692.95 킬로톤에 달해 23.0%의 성장률(2020-2023년)을 기록했습니다.
그러나 소르빈산, 구연산과 같은 대체 방부제의 인기가 높아지는 것은 식품, 화장품, 의약품 등 다양한 산업에서 주목할 만한 추세입니다. 이러한 대체 방부제는 천연 및 친환경 제품에 대한 소비자의 선호, 합성 방부제에 대한 규제, 클린 라벨 처방에 대한 요구 등 여러 가지 요인으로 인해 인기를 얻고 있습니다. 따라서 대체품의 가용성이 증가함에 따라 시장 성장을 방해할 수 있습니다.
최종사용자 전망
최종사용자에 따라 시장은 식음료, 화학, 제약, 기타로 나뉩니다. 제약 부문은 2023년 시장에서 16%의 매출 점유율을 차지했습니다. 양적으로 2031년까지 172.16 킬로톤의 벤조산이 제약 산업에서 사용될 것으로 예상됩니다. 벤조산은 항진균제, 비스테로이드성 항염증제(NSAID), 이뇨제 등 여러 제약 화합물을 제조하는 데 중요한 구성요소입니다.
용도 전망
용도에 따라 시장은 벤조산 에스테르, 벤조산 가소제, 벤조일 클로라이드, 알키드 수지 및 동물 사료 첨가제로 분류됩니다. 벤조산 가소제 부문은 2023년 시장에서 24%의 매출 점유율을 기록했습니다. 양적으로는 2031년까지 255.27개의 벤조산 가소제가 활용될 것으로 예상됩니다. 디 에틸렌 디 에틸렌 벤조 에이트(DEGB)와 같은 벤조산 가소제는 PVC 제품, 합성 피혁, 접착제 제조 등 다양한 용도로 사용됩니다.
지역 전망
지역별로 시장은 북미, 유럽, 아시아태평양, 라틴아메리카, 중동 및 아프리카로 분석되었습니다. 북미 부문은 2023년 시장에서 25%의 매출 점유율을 차지했습니다. 양적으로 북미는 2031년까지 226.90 킬로톤의 벤조산을 사용할 것으로 예상됩니다. 북미에서는 주요 최종 사용 산업의 성장으로 인해 벤조산에 대한 수요가 증가하고 있습니다.
목차
제1장 시장 범위와 조사 방법
제2장 시장 요람
제3장 시장 개요
- 소개
- 시장에 영향을 미치는 주요 요인
- 시장 성장 촉진요인
- 시장 성장 억제요인
- 시장 기회
- 시장 과제
- Porter's Five Forces 분석
제4장 세계 시장 : 최종사용자별
- 세계의 식품·음료 시장 : 지역별
- 세계의 화학제품 시장 : 지역별
- 세계의 의약품 시장 : 지역별
- 세계의 기타 최종사용자 시장 : 지역별
제5장 세계 시장 : 용도별
- 세계의 벤조산 에스테르 시장 : 지역별
- 세계의 벤조에이트 가소제 시장 : 지역별
- 세계의 염화 벤조일 시장 : 지역별
- 세계의 알키드 수지 시장 : 지역별
- 세계의 동물 사료첨가물 시장 : 지역별
제6장 세계 시장 : 지역별
- 북미
- 유럽
- 유럽의 시장 : 국가별
- 독일
- 영국
- 프랑스
- 러시아
- 스페인
- 이탈리아
- 기타 유럽
- 아시아태평양
- 아시아태평양의 시장 : 국가별
- 중국
- 일본
- 인도
- 한국
- 호주
- 말레이시아
- 기타 아시아태평양
- 라틴아메리카, 중동 및 아프리카
- 라틴아메리카, 중동 및 아프리카 시장 : 국가별
- 브라질
- 아르헨티나
- 아랍에미리트
- 사우디아라비아
- 남아프리카공화국
- 나이지리아
- 기타 라틴아메리카, 중동 및 아프리카
제7장 기업 개요
- Merck KGaA
- Eastman Chemical Company
- Foodchem International Corporation
- Spectrum Chemical Mfg Corp(Spectrum Laboratory Products, Inc.)
- Lanxess AG
- Haihang Industry Co, Ltd.(Haihang Group)
- Polysciences, Inc
- Tokyo Chemical Industry Co, Ltd.
- BASF SE
- Huntsman Corporation
제8장 벤조산 시장 성공 필수 조건
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The Global Benzoic Acid Market size is expected to reach $1.6 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 692.95 kilo tonnes, experiencing a growth of 23.0% (2020-2023).
The demand for benzoyl chloride is driven by the growth of these end-use industries, particularly the pharmaceutical industry. Benzoyl chloride synthesizes drugs such as benzoyl peroxide, which is used in acne medications and producing dyes and perfumes. The demand for benzoyl chloride is also influenced by technological advancements in chemical synthesis and the development of new applications for its derivatives. Thus, the benzoyl chloride segment witnessed 17% revenue share in the benzoic acid market in 2023. In terms of volume, 211.06 Benzoyl chloride is expected to utilize by 2031. Benzoyl chloride is an intermediate in producing various chemicals, including dyes, perfumes, and pharmaceuticals.
The demand for benzoic acid and its salts, like sodium benzoate, is witnessing significant growth in the food and beverage industry. These compounds are highly esteemed due to their preservative characteristics, which impede the proliferation of bacteria, yeasts, and molds, consequently prolonging the viability of a broad range of food & beverage items. Additionally, the use of benzoic acid and its salts in personal care products has steadily increased, driven by their effectiveness as preservatives and antimicrobial agents. Compounds of this nature are of the utmost importance as they aid in preserving the quality and safety of a wide range of personal care items (e.g., cosmetics, shampoos, lotions, and creams) by inhibiting microbial proliferation and prolonging their viability in the face of the increasing global demand for such products. Therefore, as the demand for personal care products continues to grow, driven by changing consumer preferences and regulatory requirements, the benzoic acid market is expected to grow further.
However, the increasing popularity of alternative preservatives, such as sorbic acid and citric acid, is a notable trend in various industries, including food, cosmetics, and pharmaceuticals. These alternative preservatives are gaining traction due to several factors, including consumer preferences for natural and eco-friendly products, regulatory restrictions on synthetic preservatives, and the desire for clean-label formulations. Hence, the rising availability of alternatives may hamper the market's growth.
End User Outlook
Based on end-user, the market is divided into food & beverages, chemicals, pharmaceuticals, and others. The pharmaceuticals segment procured 16% revenue share in the market in 2023. In terms of volume, 172.16 kilo tonnes of benzoic acid is expected to utilize in pharmaceutical industry by 2031. Benzoic acid is a key building block in producing several pharmaceutical compounds, including antifungal medications, nonsteroidal anti-inflammatory drugs (NSAIDs), and diuretics.
Application Outlook
On the basis of application, the market is classified into benzoates, benzoate plasticizers, benzoyl chloride, alkyd resins, and animal feed additives. The benzoate plasticizers segment recorded 24% revenue share in the market in 2023. In terms of volume, 255.27 benzoate plasticizers are expected to utilize by 2031. Benzoate plasticizers, such as glycol diethylene benzoate (DEGB), are used in various applications, including producing PVC products, synthetic leather, and adhesives.
Regional Outlook
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 25% revenue share in the market in 2023. In term of volume, the North America region is expected to utilize 226.90 kilo tonnes of benzoic acid by 2031. In North America, the demand for benzoic acid is increasing due to the growth of key end-use industries.
List of Key Companies Profiled
- Merck KGaA
- Eastman Chemical Company
- Foodchem International Corporation
- Spectrum Chemical Mfg. Corp.
- BASF SE
- Huntsman Corporation
- Lanxess AG
- Haihang Industry Co., Ltd. (Haihang Group)
- Polysciences, Inc.
- Tokyo Chemical Industry Co., Ltd.
Global Benzoic Acid Market Report Segmentation
By End User (Volume, Kilo Tonnes, USD Billion, 2020-2024)
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Other End-User
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2024)
- Benzoates
- Benzoates Plasticizers
- Benzoyl Chloride
- Alkyd Resins
- Animal Feed Additives
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2024)
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Global Benzoic Acid Market, by End User
- 1.4.2 Global Benzoic Acid Market, by Application
- 1.4.3 Global Benzoic Acid Market, by Geography
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
Chapter 4. Global Benzoic Acid Market by End-User
- 4.1 Global Food & Beverages Market by Region
- 4.2 Global Chemicals Market by Region
- 4.3 Global Pharmaceuticals Market by Region
- 4.4 Global Other End-User Market by Region
Chapter 5. Global Benzoic Acid Market by Application
- 5.1 Global Benzoates Market by Region
- 5.2 Global Benzoates Plasticizers Market by Region
- 5.3 Global Benzoyl Chloride Market by Region
- 5.4 Global Alkyd Resins Market by Region
- 5.5 Global Animal Feed Additives Market by Region
Chapter 6. Global Benzoic Acid Market by Region
- 6.1 North America Benzoic Acid Market
- 6.1.1 North America Benzoic Acid Market by End-User
- 6.1.1.1 North America Food & Beverages Market by Country
- 6.1.1.2 North America Chemicals Market by Country
- 6.1.1.3 North America Pharmaceuticals Market by Country
- 6.1.1.4 North America Other End-User Market by Country
- 6.1.2 North America Benzoic Acid Market by Application
- 6.1.2.1 North America Benzoates Market by Country
- 6.1.2.2 North America Benzoates Plasticizers Market by Country
- 6.1.2.3 North America Benzoyl Chloride Market by Country
- 6.1.2.4 North America Alkyd Resins Market by Country
- 6.1.2.5 North America Animal Feed Additives Market by Country
- 6.1.3 North America Benzoic Acid Market by Country
- 6.1.3.1 US Benzoic Acid Market
- 6.1.3.1.1 US Benzoic Acid Market by End-User
- 6.1.3.1.2 US Benzoic Acid Market by Application
- 6.1.3.2 Canada Benzoic Acid Market
- 6.1.3.2.1 Canada Benzoic Acid Market by End-User
- 6.1.3.2.2 Canada Benzoic Acid Market by Application
- 6.1.3.3 Mexico Benzoic Acid Market
- 6.1.3.3.1 Mexico Benzoic Acid Market by End-User
- 6.1.3.3.2 Mexico Benzoic Acid Market by Application
- 6.1.3.4 Rest of North America Benzoic Acid Market
- 6.1.3.4.1 Rest of North America Benzoic Acid Market by End-User
- 6.1.3.4.2 Rest of North America Benzoic Acid Market by Application
- 6.2 Europe Benzoic Acid Market
- 6.2.1 Europe Benzoic Acid Market by End-User
- 6.2.1.1 Europe Food & Beverages Market by Country
- 6.2.1.2 Europe Chemicals Market by Country
- 6.2.1.3 Europe Pharmaceuticals Market by Country
- 6.2.1.4 Europe Other End-User Market by Country
- 6.2.2 Europe Benzoic Acid Market by Application
- 6.2.2.1 Europe Benzoates Market by Country
- 6.2.2.2 Europe Benzoates Plasticizers Market by Country
- 6.2.2.3 Europe Benzoyl Chloride Market by Country
- 6.2.2.4 Europe Alkyd Resins Market by Country
- 6.2.2.5 Europe Animal Feed Additives Market by Country
- 6.2.3 Europe Benzoic Acid Market by Country
- 6.2.3.1 Germany Benzoic Acid Market
- 6.2.3.1.1 Germany Benzoic Acid Market by End-User
- 6.2.3.1.2 Germany Benzoic Acid Market by Application
- 6.2.3.2 UK Benzoic Acid Market
- 6.2.3.2.1 UK Benzoic Acid Market by End-User
- 6.2.3.2.2 UK Benzoic Acid Market by Application
- 6.2.3.3 France Benzoic Acid Market
- 6.2.3.3.1 France Benzoic Acid Market by End-User
- 6.2.3.3.2 France Benzoic Acid Market by Application
- 6.2.3.4 Russia Benzoic Acid Market
- 6.2.3.4.1 Russia Benzoic Acid Market by End-User
- 6.2.3.4.2 Russia Benzoic Acid Market by Application
- 6.2.3.5 Spain Benzoic Acid Market
- 6.2.3.5.1 Spain Benzoic Acid Market by End-User
- 6.2.3.5.2 Spain Benzoic Acid Market by Application
- 6.2.3.6 Italy Benzoic Acid Market
- 6.2.3.6.1 Italy Benzoic Acid Market by End-User
- 6.2.3.6.2 Italy Benzoic Acid Market by Application
- 6.2.3.7 Rest of Europe Benzoic Acid Market
- 6.2.3.7.1 Rest of Europe Benzoic Acid Market by End-User
- 6.2.3.7.2 Rest of Europe Benzoic Acid Market by Application
- 6.3 Asia Pacific Benzoic Acid Market
- 6.3.1 Asia Pacific Benzoic Acid Market by End-User
- 6.3.1.1 Asia Pacific Food & Beverages Market by Country
- 6.3.1.2 Asia Pacific Chemicals Market by Country
- 6.3.1.3 Asia Pacific Pharmaceuticals Market by Country
- 6.3.1.4 Asia Pacific Other End-User Market by Country
- 6.3.2 Asia Pacific Benzoic Acid Market by Application
- 6.3.2.1 Asia Pacific Benzoates Market by Country
- 6.3.2.2 Asia Pacific Benzoates Plasticizers Market by Country
- 6.3.2.3 Asia Pacific Benzoyl Chloride Market by Country
- 6.3.2.4 Asia Pacific Alkyd Resins Market by Country
- 6.3.2.5 Asia Pacific Animal Feed Additives Market by Country
- 6.3.3 Asia Pacific Benzoic Acid Market by Country
- 6.3.3.1 China Benzoic Acid Market
- 6.3.3.1.1 China Benzoic Acid Market by End-User
- 6.3.3.1.2 China Benzoic Acid Market by Application
- 6.3.3.2 Japan Benzoic Acid Market
- 6.3.3.2.1 Japan Benzoic Acid Market by End-User
- 6.3.3.2.2 Japan Benzoic Acid Market by Application
- 6.3.3.3 India Benzoic Acid Market
- 6.3.3.3.1 India Benzoic Acid Market by End-User
- 6.3.3.3.2 India Benzoic Acid Market by Application
- 6.3.3.4 South Korea Benzoic Acid Market
- 6.3.3.4.1 South Korea Benzoic Acid Market by End-User
- 6.3.3.4.2 South Korea Benzoic Acid Market by Application
- 6.3.3.5 Australia Benzoic Acid Market
- 6.3.3.5.1 Australia Benzoic Acid Market by End-User
- 6.3.3.5.2 Australia Benzoic Acid Market by Application
- 6.3.3.6 Malaysia Benzoic Acid Market
- 6.3.3.6.1 Malaysia Benzoic Acid Market by End-User
- 6.3.3.6.2 Malaysia Benzoic Acid Market by Application
- 6.3.3.7 Rest of Asia Pacific Benzoic Acid Market
- 6.3.3.7.1 Rest of Asia Pacific Benzoic Acid Market by End-User
- 6.3.3.7.2 Rest of Asia Pacific Benzoic Acid Market by Application
- 6.4 LAMEA Benzoic Acid Market
- 6.4.1 LAMEA Benzoic Acid Market by End-User
- 6.4.1.1 LAMEA Food & Beverages Market by Country
- 6.4.1.2 LAMEA Chemicals Market by Country
- 6.4.1.3 LAMEA Pharmaceuticals Market by Country
- 6.4.1.4 LAMEA Other End-User Market by Country
- 6.4.2 LAMEA Benzoic Acid Market by Application
- 6.4.2.1 LAMEA Benzoates Market by Country
- 6.4.2.2 LAMEA Benzoates Plasticizers Market by Country
- 6.4.2.3 LAMEA Benzoyl Chloride Market by Country
- 6.4.2.4 LAMEA Alkyd Resins Market by Country
- 6.4.2.5 LAMEA Animal Feed Additives Market by Country
- 6.4.3 LAMEA Benzoic Acid Market by Country
- 6.4.3.1 Brazil Benzoic Acid Market
- 6.4.3.1.1 Brazil Benzoic Acid Market by End-User
- 6.4.3.1.2 Brazil Benzoic Acid Market by Application
- 6.4.3.2 Argentina Benzoic Acid Market
- 6.4.3.2.1 Argentina Benzoic Acid Market by End-User
- 6.4.3.2.2 Argentina Benzoic Acid Market by Application
- 6.4.3.3 UAE Benzoic Acid Market
- 6.4.3.3.1 UAE Benzoic Acid Market by End-User
- 6.4.3.3.2 UAE Benzoic Acid Market by Application
- 6.4.3.4 Saudi Arabia Benzoic Acid Market
- 6.4.3.4.1 Saudi Arabia Benzoic Acid Market by End-User
- 6.4.3.4.2 Saudi Arabia Benzoic Acid Market by Application
- 6.4.3.5 South Africa Benzoic Acid Market
- 6.4.3.5.1 South Africa Benzoic Acid Market by End-User
- 6.4.3.5.2 South Africa Benzoic Acid Market by Application
- 6.4.3.6 Nigeria Benzoic Acid Market
- 6.4.3.6.1 Nigeria Benzoic Acid Market by End-User
- 6.4.3.6.2 Nigeria Benzoic Acid Market by Application
- 6.4.3.7 Rest of LAMEA Benzoic Acid Market
- 6.4.3.7.1 Rest of LAMEA Benzoic Acid Market by End-User
- 6.4.3.7.2 Rest of LAMEA Benzoic Acid Market by Application
Chapter 7. Company Profiles
- 7.1 Merck KGaA
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expense
- 7.1.5 SWOT Analysis
- 7.2 Eastman Chemical Company
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 SWOT Analysis
- 7.3 Foodchem International Corporation
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Lanxess AG
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 Haihang Industry Co., Ltd. (Haihang Group)
- 7.7 Polysciences, Inc.
- 7.8 Tokyo Chemical Industry Co., Ltd.
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 BASF SE
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expense
- 7.9.5 SWOT Analysis
- 7.10. Huntsman Corporation
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segment and Regional Analysis
- 7.10.4 Research & Development Expense
- 7.10.5 SWOT Analysis
Chapter 8. Winning Imperatives of Benzoic Acid Market
