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

Description

List of Tables

The Europe Benzoic Acid Market would witness market growth of 5.9% CAGR during the forecast period (2024-2031). In the year 2021, the Europe market's volume surged to 307.18 kilo tonnes, showcasing a growth of 22.7% (2020-2024).

Alkyd resins, synthesized using benzoic acid, play a crucial role in the coatings and paints industry, offering excellent adhesion, durability, and flexibility. These resins are widely utilized in protective coatings for metal, wood, and concrete surfaces, as well as in the production of varnishes and inks. The growth of the construction and automotive industries, coupled with increasing infrastructure development, drives the demand for alkyd resins. Thus, the Germany market is expected to utilize 7.40 kilo tonnes of benzoic acid in Alkyd resins application by 2031.

The Germany market dominated the Europe Benzoic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $82.2 Million by 2031. The UK market is exhibiting a CAGR of 5% during (2024 - 2031). Additionally, The France market would experience a CAGR of 7% during (2024 - 2031).

Benzoic acid is also used to produce plasticizers. These are added to plastics to improve their flexibility, durability, and workability. Plasticizers are used in various applications, including producing PVC products, synthetic leather, and adhesives. Benzoic acid is a key raw material in synthesizing phthalate ester plasticizers and is widely used in the plastics industry.

Another important application of benzoic acid in the chemical industry is in producing alkyd resins, which are then utilized in the formulation of paints, varnishes, and coatings. Alkyd resins are valued for their durability, weather resistance, and fast-drying properties, making them suitable for various applications. Benzoic acid is a raw material synthesizing phthalic anhydride, a key intermediate in alkyd resins.

Europe serves as a significant market for benzoic acid owing to the rigorous regulations governing food safety and the preservation of personal care items. The European Union has rigorous standards for food additives, and benzoic acid is widely accepted as a safe preservative within specified limits. In 2020, 291,000 F&B processing enterprises were in the EU, equivalent to 14.1 % of all manufacturing enterprises. The value added of F&B processing enterprises was €227 billion, around 30 % higher than that of agriculture (€174 billion, at basic prices).

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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

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.

Europe 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)

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Chapter 1. Market Scope & Methodology

1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
- 1.4.1 Europe Benzoic Acid Market, by End User
- 1.4.2 Europe Benzoic Acid Market, by Application
- 1.4.3 Europe 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. Europe Benzoic Acid Market by End-User

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

Chapter 5. Europe Benzoic Acid Market by Application

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

Chapter 6. Europe Benzoic Acid Market by Country

6.1 Germany Benzoic Acid Market
- 6.1.1 Germany Benzoic Acid Market by End-User
- 6.1.2 Germany Benzoic Acid Market by Application
6.2 UK Benzoic Acid Market
- 6.2.1 UK Benzoic Acid Market by End-User
- 6.2.2 UK Benzoic Acid Market by Application
6.3 France Benzoic Acid Market
- 6.3.1 France Benzoic Acid Market by End-User
- 6.3.2 France Benzoic Acid Market by Application
6.4 Russia Benzoic Acid Market
- 6.4.1 Russia Benzoic Acid Market by End-User
- 6.4.2 Russia Benzoic Acid Market by Application
6.5 Spain Benzoic Acid Market
- 6.5.1 Spain Benzoic Acid Market by End-User
- 6.5.2 Spain Benzoic Acid Market by Application
6.6 Italy Benzoic Acid Market
- 6.6.1 Italy Benzoic Acid Market by End-User
- 6.6.2 Italy Benzoic Acid Market by Application
6.7 Rest of Europe Benzoic Acid Market
- 6.7.1 Rest of Europe Benzoic Acid Market by End-User
- 6.7.2 Rest of Europe 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 Europe Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 2 Europe Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 3 Europe Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 4 Europe Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 5 Europe Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 6 Europe Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 7 Europe Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 8 Europe Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 9 Europe Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 10 Europe Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 11 Europe Food & Beverages Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 Europe Food & Beverages Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 Europe Chemicals Market by Country, 2020 - 2023, USD Million
TABLE 14 Europe Chemicals Market by Country, 2024 - 2031, USD Million
TABLE 15 Europe Chemicals Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 Europe Chemicals Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 Europe Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 18 Europe Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 19 Europe Pharmaceuticals Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 Europe Pharmaceuticals Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 Europe Other End-User Market by Country, 2020 - 2023, USD Million
TABLE 22 Europe Other End-User Market by Country, 2024 - 2031, USD Million
TABLE 23 Europe Other End-User Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 Europe Other End-User Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 Europe Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 26 Europe Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 27 Europe Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 28 Europe Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 29 Europe Benzoates Market by Country, 2020 - 2023, USD Million
TABLE 30 Europe Benzoates Market by Country, 2024 - 2031, USD Million
TABLE 31 Europe Benzoates Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 Europe Benzoates Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 Europe Benzoates Plasticizers Market by Country, 2020 - 2023, USD Million
TABLE 34 Europe Benzoates Plasticizers Market by Country, 2024 - 2031, USD Million
TABLE 35 Europe Benzoates Plasticizers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 Europe Benzoates Plasticizers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 Europe Benzoyl Chloride Market by Country, 2020 - 2023, USD Million
TABLE 38 Europe Benzoyl Chloride Market by Country, 2024 - 2031, USD Million
TABLE 39 Europe Benzoyl Chloride Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 Europe Benzoyl Chloride Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 Europe Alkyd Resins Market by Country, 2020 - 2023, USD Million
TABLE 42 Europe Alkyd Resins Market by Country, 2024 - 2031, USD Million
TABLE 43 Europe Alkyd Resins Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 Europe Alkyd Resins Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 Europe Animal Feed Additives Market by Country, 2020 - 2023, USD Million
TABLE 46 Europe Animal Feed Additives Market by Country, 2024 - 2031, USD Million
TABLE 47 Europe Animal Feed Additives Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 Europe Animal Feed Additives Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 Europe Benzoic Acid Market by Country, 2020 - 2023, USD Million
TABLE 50 Europe Benzoic Acid Market by Country, 2024 - 2031, USD Million
TABLE 51 Europe Benzoic Acid Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 Europe Benzoic Acid Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 Germany Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 54 Germany Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 55 Germany Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 56 Germany Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 57 Germany Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 58 Germany Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 59 Germany Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 60 Germany Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 61 Germany Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 62 Germany Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 63 Germany Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 64 Germany Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 65 UK Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 66 UK Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 67 UK Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 68 UK Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 69 UK Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 70 UK Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 71 UK Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 72 UK Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 73 UK Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 74 UK Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 75 UK Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 76 UK Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 77 France Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 78 France Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 79 France Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 80 France Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 81 France Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 82 France Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 83 France Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 84 France Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 85 France Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 86 France Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 87 France Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88 France Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89 Russia Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 90 Russia Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 91 Russia Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 92 Russia Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 93 Russia Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 94 Russia Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 95 Russia Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 96 Russia Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 97 Russia Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 98 Russia Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 99 Russia Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 100 Russia Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 101 Spain Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 102 Spain Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 103 Spain Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 104 Spain Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 105 Spain Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 106 Spain Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 107 Spain Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 108 Spain Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 109 Spain Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 110 Spain Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 111 Spain Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 112 Spain Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 113 Italy Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 114 Italy Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 115 Italy Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 116 Italy Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 117 Italy Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 118 Italy Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 119 Italy Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 120 Italy Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 121 Italy Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 122 Italy Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 123 Italy Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 124 Italy Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 125 Rest of Europe Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 126 Rest of Europe Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 127 Rest of Europe Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 128 Rest of Europe Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 129 Rest of Europe Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 130 Rest of Europe Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 131 Rest of Europe Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 132 Rest of Europe Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 133 Rest of Europe Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 134 Rest of Europe Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 135 Rest of Europe Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 136 Rest of Europe Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 137 key Information - Merck KGaA
TABLE 138 Key Information - Eastman Chemical Company
TABLE 139 Key Information - Foodchem International Corporation
TABLE 140 Key Information - spectrum chemical mfg.corp
TABLE 141 Key Information - Lanxess AG
TABLE 142 Key Information - Haihang Industry CO., LTD.
TABLE 143 Key Information - Polysciences, Inc.
TABLE 144 Key Information - Tokyo Chemical Industry Co., Ltd.
TABLE 145 Key Information - BASF SE
TABLE 146 key Information - Huntsman Corporation

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