Benzoic Acid Market Scope
Benzoic acid is an aromatic carboxylic acid. Commercial production of it involves toluene's partial oxidation with oxygen. Various plants naturally contain it as well. Many different fruits, including prunes, raspberries, plums, prunes, and cranberries, contain this naturally occurring chemical. In the production of salts like sodium benzoate, potassium benzoate, phenol, and alkyd resins, among others, benzoic acid is employed as an intermediary product. The shift towards eco-friendly preservatives is a significant driver of growth in the benzoic acid market. Consumers' increasing preference for natural and organic products has propelled the demand for eco-friendly preservatives like benzoic acid. Manufacturers are responding to this trend by incorporating benzoic acid into their formulations, as benzoic acid is perceived as a safer alternative to synthetic preservatives. This shift is propelling the market forward while opening new opportunities for benzoic acid.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Key Companies Profiled | Avantor Inc. (United States), Merck KGaA (Germany), Ganesh Benzoplast Ltd. (India), Spectrum Chemicals (United States), Wuhan Youji Industries Co. Ltd. (China), FBC Industries, Inc. (United States), Tengzhou Tenglong Chemical Co., Ltd. (China), CellMark AB (Sweden) and A.M. Food Chemical Co. Limited (China) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Benzoic Acid market throughout the predicted period.
Avantor Inc. (United States), Merck KGaA (Germany), Ganesh Benzoplast Ltd. (India), Spectrum Chemicals (United States), Wuhan Youji Industries Co. Ltd. (China), FBC Industries, Inc. (United States), Tengzhou Tenglong Chemical Co., Ltd. (China), CellMark AB (Sweden) and A.M. Food Chemical Co. Limited (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hugestone Enterprise Co. Ltd. (China), PENTA CHEMICALS (Indonesia), DuPont de Nemours, Inc. (United States), Tulstar Products, Inc. (United States) and Lanxess AG (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Benzoic Acid market by Type , by Application (Benzoates, Benzoate Plasticizer, Alkyd Resin, Benzoyl Chloride, Feed Additive and Others) and Region with country level break-up.
On the basis of geography, the market of Benzoic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2024.
Market Leaders and their expansionary development strategies
In February 2025, Procurement Resource announced partnerships aimed at optimizing benzoic acid production processes. These collaborations focus on enhancing cost-efficiency and tailoring production to specific industry requirements, thereby strengthening the supply chain and market competitiveness.
In June 2024, Active Concepts LLC introduced ACB Sal-Vation, a skincare ingredient derived sustainably as an alternative to salicylic acid for acne treatment and overall skin care. It is formulated using benzoic acid, which occurs naturally in prunes, and succinic acid, extracted from sugar beets. ACB Sal-Vation effectively exfoliates by removing intercellular lipids while also offering antimicrobial and antifungal properties.
Influencing Trend:
Rising popularity of benzoic acid in personal care products
Market Growth Drivers:
Increasing demand for benzoic acid from the food & beverages market and Rapid urbanization and changing lifestyle
Opportunities:
Increasing concerns about food safety and Medicinal use for improving mental health
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others