North America Benzoic Acid Market Size, Share & Trends Analysis Report By End-User, By Application, By Country and Growth Forecast, 2024

Description

List of Tables

The North America Benzoic Acid Market would witness market growth of 4.7% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 86.70 kilo tonnes, showcasing a growth of 22.6% (2020-2023).

Benzoyl chloride is a key derivative of benzoic acid and serves as a critical intermediate in the synthesis of various organic compounds, including pharmaceuticals, dyes, and fragrances. Its reactivity and versatility make it indispensable in chemical manufacturing processes. One of the primary uses of benzoyl chloride is in the production of benzoyl peroxide, a crucial ingredient in acne treatment formulations and a bleaching agent used in the textile industry. Thus, the Canada market is expected to utilize 6.16 kilo tonnes of benzoic acid in Benzoyl chloride application by 2031.

The US market dominated the North America Benzoic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $278.4 Million by 2031. The Canada market is experiencing a CAGR of 6.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 6.1% during (2024 - 2031).

The expansion of the chemical industry has been a key driver for the demand for benzoic acid globally. Benzoic acid is a crucial precursor in producing several chemicals, including benzoyl chloride, plasticizers, and alkyd resins, essential in various industries. As the chemical industry expands to meet the growing demand for chemicals across different sectors, the demand for benzoic acid as a precursor has also increased.

Additionally, a key use of benzoic acid in the chemical industry is in producing benzoyl chloride, a key intermediate in synthesizing several chemicals, including dyes, perfumes, and pharmaceuticals. Benzoyl chloride is used as a raw material in the production of benzoyl peroxide, a common ingredient in acne medications and a polymerization initiator in the production of plastics.

The robust food and beverage, pharmaceutical, and personal care industries drive the market in North America. The United States, being one of the largest consumers of processed foods and beverages, significantly contributes to the demand for benzoic acid. The U.S. Food and Drug Administration (FDA) approves benzoic acid and its salts for use in food products, which helps to extend shelf life and prevent spoilage. Additionally, the pharmaceutical industry's growth, driven by increasing healthcare expenditure and an aging population, is boosting the demand for benzoic acid as it is used in various medicinal products.

Based on End-User, the market is segmented into Food & Beverages, Chemicals, Pharmaceuticals, and Other End-User. Based on Application, the market is segmented into Benzoates, Benzoates Plasticizers, Benzoyl Chloride, Alkyd Resins, and Animal Feed Additives. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

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.

North America 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 Country (Volume, Kilo Tonnes, USD Billion, 2020-2024)

US
Canada
Mexico
Rest of North America

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 North America Benzoic Acid Market, by End User
- 1.4.2 North America Benzoic Acid Market, by Application
- 1.4.3 North America Benzoic Acid Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance

2.1 Key Highlights

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. North America Benzoic Acid Market by End-User

4.1 North America Food & Beverages Market by Country
4.2 North America Chemicals Market by Country
4.3 North America Pharmaceuticals Market by Country
4.4 North America Other End-User Market by Country

Chapter 5. North America Benzoic Acid Market by Application

5.1 North America Benzoates Market by Country
5.2 North America Benzoates Plasticizers Market by Country
5.3 North America Benzoyl Chloride Market by Country
5.4 North America Alkyd Resins Market by Country
5.5 North America Animal Feed Additives Market by Country

Chapter 6. North America Benzoic Acid Market by Country

6.1 US Benzoic Acid Market
- 6.1.1 US Benzoic Acid Market by End-User
- 6.1.2 US Benzoic Acid Market by Application
6.2 Canada Benzoic Acid Market
- 6.2.1 Canada Benzoic Acid Market by End-User
- 6.2.2 Canada Benzoic Acid Market by Application
6.3 Mexico Benzoic Acid Market
- 6.3.1 Mexico Benzoic Acid Market by End-User
- 6.3.2 Mexico Benzoic Acid Market by Application
6.4 Rest of North America Benzoic Acid Market
- 6.4.1 Rest of North America Benzoic Acid Market by End-User
- 6.4.2 Rest of North America 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)
- 7.6.1 Company Overview
7.7 Polysciences, Inc.
- 7.7.1 Company Overview
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

LIST OF TABLES

TABLE 1 North America Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 2 North America Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 3 North America Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 4 North America Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 5 North America Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 6 North America Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 7 North America Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 8 North America Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 9 North America Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 10 North America Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 11 North America Food & Beverages Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 North America Food & Beverages Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 North America Chemicals Market by Country, 2020 - 2023, USD Million
TABLE 14 North America Chemicals Market by Country, 2024 - 2031, USD Million
TABLE 15 North America Chemicals Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 North America Chemicals Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 North America Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 18 North America Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 19 North America Pharmaceuticals Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 North America Pharmaceuticals Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 North America Other End-User Market by Country, 2020 - 2023, USD Million
TABLE 22 North America Other End-User Market by Country, 2024 - 2031, USD Million
TABLE 23 North America Other End-User Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 North America Other End-User Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 North America Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 26 North America Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 27 North America Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 28 North America Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 29 North America Benzoates Market by Country, 2020 - 2023, USD Million
TABLE 30 North America Benzoates Market by Country, 2024 - 2031, USD Million
TABLE 31 North America Benzoates Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 North America Benzoates Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 North America Benzoates Plasticizers Market by Country, 2020 - 2023, USD Million
TABLE 34 North America Benzoates Plasticizers Market by Country, 2024 - 2031, USD Million
TABLE 35 North America Benzoates Plasticizers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 North America Benzoates Plasticizers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 North America Benzoyl Chloride Market by Country, 2020 - 2023, USD Million
TABLE 38 North America Benzoyl Chloride Market by Country, 2024 - 2031, USD Million
TABLE 39 North America Benzoyl Chloride Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 North America Benzoyl Chloride Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 North America Alkyd Resins Market by Country, 2020 - 2023, USD Million
TABLE 42 North America Alkyd Resins Market by Country, 2024 - 2031, USD Million
TABLE 43 North America Alkyd Resins Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 North America Alkyd Resins Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 North America Animal Feed Additives Market by Country, 2020 - 2023, USD Million
TABLE 46 North America Animal Feed Additives Market by Country, 2024 - 2031, USD Million
TABLE 47 North America Animal Feed Additives Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 North America Animal Feed Additives Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 North America Benzoic Acid Market by Country, 2020 - 2023, USD Million
TABLE 50 North America Benzoic Acid Market by Country, 2024 - 2031, USD Million
TABLE 51 North America Benzoic Acid Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 North America Benzoic Acid Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 US Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 54 US Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 55 US Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 56 US Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 57 US Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 58 US Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 59 US Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 60 US Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 61 US Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 62 US Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 63 US Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 64 US Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 65 Canada Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 66 Canada Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 67 Canada Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 68 Canada Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 69 Canada Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 70 Canada Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 71 Canada Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 72 Canada Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 73 Canada Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 74 Canada Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 75 Canada Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 76 Canada Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 77 Mexico Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 78 Mexico Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 79 Mexico Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 80 Mexico Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 81 Mexico Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 82 Mexico Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 83 Mexico Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 84 Mexico Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 85 Mexico Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 86 Mexico Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 87 Mexico Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88 Mexico Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89 Rest of North America Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 90 Rest of North America Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 91 Rest of North America Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 92 Rest of North America Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 93 Rest of North America Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 94 Rest of North America Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 95 Rest of North America Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 96 Rest of North America Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 97 Rest of North America Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 98 Rest of North America Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 99 Rest of North America Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 100 Rest of North America Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 101 key Information - Merck KGaA
TABLE 102 Key Information - Eastman Chemical Company
TABLE 103 Key Information - Foodchem International Corporation
TABLE 104 Key Information - spectrum chemical mfg.corp
TABLE 105 Key Information - Lanxess AG
TABLE 106 Key Information - Haihang Industry CO., LTD.
TABLE 107 Key Information - Polysciences, Inc.
TABLE 108 Key Information - Tokyo Chemical Industry Co., Ltd.
TABLE 109 Key Information - BASF SE
TABLE 110 key Information - Huntsman Corporation

North America Benzoic Acid Market Size, Share & Trends Analysis Report By End-User, By Application, By Country and Growth Forecast, 2024 - 2031