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

Description

List of Tables

The Asia Pacific Benzoic Acid Market would witness market growth of 4.8% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 307.18 kilo tonnes showcasing a growth of 22.7% (2020-2023).

Benzoates, derived from benzoic acid, are extensively used as preservatives in the food and beverage sector, ensuring the safety and longevity of products by inhibiting microbial growth. They are particularly effective in preventing spoilage in products like soft drinks, fruit juices, and pickled items. Beyond food applications, benzoates are integral to the cosmetics and personal care industries, where they enhance the stability and shelf life of formulations. The increasing consumer demand for safe, high-quality products drives the utilization of benzoates. Thus, the Chian market is expected to utilize 41.08 kilo tonnes of benzoic acid in benzoates application by 2031.

The China market dominated the Asia Pacific Benzoic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $211.2 Million by 2031. The Japan market is registering a CAGR of 4.1% during (2024 - 2031). Additionally, The India market would showcase a CAGR of 5.6% during (2024 - 2031).

The widespread use of benzoic acid in numerous sectors-including pharmaceuticals, personal care products, food preservation, and industrial processes-has propelled it to become a substantial market segment within the chemical industry. Benzoic acid (C6H5COOH), classified as a simple aromatic carboxylic acid, possesses a wide range of chemical applications, including preservative, antifungal, and antibacterial.

Additionally, the benzoic acid market is experiencing substantial growth as a result of heightened demand from diverse end-use sectors, technological advancements in production, and increased awareness regarding the advantageous properties of benzoic acid in prolonging product shelf life and ensuring safety.

The benzoic acid market in the Asia Pacific region is undergoing substantial expansion as a result of the expanding food and beverage, pharmaceutical, and industrial sectors. Prominent market contributors include China and India, whose substantial populations, rising disposable incomes, and expanding needs for processed foods and personal care products all contribute to the market's expansion. In China, in 2021, major beverage producers saw their output rise 12 percent year-on-year to over 183 million tons, according to the Ministry of Industry and Information Technology. In December alone, the beverage output amounted to 13.59 million tons, up 8.3 percent year-on-year.

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 China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.

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.

Asia Pacific 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)

China
Japan
India
South Korea
Australia
Malaysia
Rest of Asia Pacific

Chapter 1. Market Scope & Methodology

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

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

Chapter 5. Asia Pacific Benzoic Acid Market by Application

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

Chapter 6. Asia Pacific Benzoic Acid Market by Country

6.1 China Benzoic Acid Market
- 6.1.1 China Benzoic Acid Market by End-User
- 6.1.2 China Benzoic Acid Market by Application
6.2 Japan Benzoic Acid Market
- 6.2.1 Japan Benzoic Acid Market by End-User
- 6.2.2 Japan Benzoic Acid Market by Application
6.3 India Benzoic Acid Market
- 6.3.1 India Benzoic Acid Market by End-User
- 6.3.2 India Benzoic Acid Market by Application
6.4 South Korea Benzoic Acid Market
- 6.4.1 South Korea Benzoic Acid Market by End-User
- 6.4.2 South Korea Benzoic Acid Market by Application
6.5 Australia Benzoic Acid Market
- 6.5.1 Australia Benzoic Acid Market by End-User
- 6.5.2 Australia Benzoic Acid Market by Application
6.6 Malaysia Benzoic Acid Market
- 6.6.1 Malaysia Benzoic Acid Market by End-User
- 6.6.2 Malaysia Benzoic Acid Market by Application
6.7 Rest of Asia Pacific Benzoic Acid Market
- 6.7.1 Rest of Asia Pacific Benzoic Acid Market by End-User
- 6.7.2 Rest of Asia Pacific 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 Asia Pacific Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 2 Asia Pacific Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 3 Asia Pacific Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 4 Asia Pacific Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 5 Asia Pacific Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 6 Asia Pacific Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 7 Asia Pacific Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 8 Asia Pacific Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 9 Asia Pacific Food & Beverages Market by Country, 2020 - 2023, USD Million
TABLE 10 Asia Pacific Food & Beverages Market by Country, 2024 - 2031, USD Million
TABLE 11 Asia Pacific Food & Beverages Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 12 Asia Pacific Food & Beverages Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 13 Asia Pacific Chemicals Market by Country, 2020 - 2023, USD Million
TABLE 14 Asia Pacific Chemicals Market by Country, 2024 - 2031, USD Million
TABLE 15 Asia Pacific Chemicals Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 16 Asia Pacific Chemicals Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 17 Asia Pacific Pharmaceuticals Market by Country, 2020 - 2023, USD Million
TABLE 18 Asia Pacific Pharmaceuticals Market by Country, 2024 - 2031, USD Million
TABLE 19 Asia Pacific Pharmaceuticals Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 20 Asia Pacific Pharmaceuticals Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 21 Asia Pacific Other End-User Market by Country, 2020 - 2023, USD Million
TABLE 22 Asia Pacific Other End-User Market by Country, 2024 - 2031, USD Million
TABLE 23 Asia Pacific Other End-User Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 24 Asia Pacific Other End-User Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 25 Asia Pacific Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 26 Asia Pacific Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 27 Asia Pacific Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 28 Asia Pacific Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 29 Asia Pacific Benzoates Market by Country, 2020 - 2023, USD Million
TABLE 30 Asia Pacific Benzoates Market by Country, 2024 - 2031, USD Million
TABLE 31 Asia Pacific Benzoates Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 32 Asia Pacific Benzoates Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 33 Asia Pacific Benzoates Plasticizers Market by Country, 2020 - 2023, USD Million
TABLE 34 Asia Pacific Benzoates Plasticizers Market by Country, 2024 - 2031, USD Million
TABLE 35 Asia Pacific Benzoates Plasticizers Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 36 Asia Pacific Benzoates Plasticizers Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 37 Asia Pacific Benzoyl Chloride Market by Country, 2020 - 2023, USD Million
TABLE 38 Asia Pacific Benzoyl Chloride Market by Country, 2024 - 2031, USD Million
TABLE 39 Asia Pacific Benzoyl Chloride Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 40 Asia Pacific Benzoyl Chloride Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 41 Asia Pacific Alkyd Resins Market by Country, 2020 - 2023, USD Million
TABLE 42 Asia Pacific Alkyd Resins Market by Country, 2024 - 2031, USD Million
TABLE 43 Asia Pacific Alkyd Resins Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 44 Asia Pacific Alkyd Resins Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 45 Asia Pacific Animal Feed Additives Market by Country, 2020 - 2023, USD Million
TABLE 46 Asia Pacific Animal Feed Additives Market by Country, 2024 - 2031, USD Million
TABLE 47 Asia Pacific Animal Feed Additives Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 48 Asia Pacific Animal Feed Additives Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 49 Asia Pacific Benzoic Acid Market by Country, 2020 - 2023, USD Million
TABLE 50 Asia Pacific Benzoic Acid Market by Country, 2024 - 2031, USD Million
TABLE 51 Asia Pacific Benzoic Acid Market by Country, 2020 - 2023, Kilo Tonnes
TABLE 52 Asia Pacific Benzoic Acid Market by Country, 2024 - 2031, Kilo Tonnes
TABLE 53 China Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 54 China Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 55 China Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 56 China Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 57 China Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 58 China Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 59 China Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 60 China Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 61 China Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 62 China Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 63 China Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 64 China Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 65 Japan Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 66 Japan Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 67 Japan Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 68 Japan Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 69 Japan Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 70 Japan Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 71 Japan Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 72 Japan Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 73 Japan Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 74 Japan Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 75 Japan Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 76 Japan Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 77 India Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 78 India Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 79 India Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 80 India Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 81 India Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 82 India Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 83 India Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 84 India Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 85 India Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 86 India Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 87 India Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 88 India Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 89 South Korea Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 90 South Korea Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 91 South Korea Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 92 South Korea Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 93 South Korea Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 94 South Korea Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 95 South Korea Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 96 South Korea Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 97 South Korea Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 98 South Korea Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 99 South Korea Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 100 South Korea Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 101 Australia Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 102 Australia Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 103 Australia Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 104 Australia Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 105 Australia Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 106 Australia Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 107 Australia Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 108 Australia Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 109 Australia Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 110 Australia Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 111 Australia Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 112 Australia Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 113 Malaysia Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 114 Malaysia Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 115 Malaysia Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 116 Malaysia Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 117 Malaysia Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 118 Malaysia Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 119 Malaysia Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 120 Malaysia Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 121 Malaysia Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 122 Malaysia Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 123 Malaysia Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 124 Malaysia Benzoic Acid Market by Application, 2024 - 2031, Kilo Tonnes
TABLE 125 Rest of Asia Pacific Benzoic Acid Market, 2020 - 2023, USD Million
TABLE 126 Rest of Asia Pacific Benzoic Acid Market, 2024 - 2031, USD Million
TABLE 127 Rest of Asia Pacific Benzoic Acid Market, 2020 - 2023, Kilo Tonnes
TABLE 128 Rest of Asia Pacific Benzoic Acid Market, 2024 - 2031, Kilo Tonnes
TABLE 129 Rest of Asia Pacific Benzoic Acid Market by End-User, 2020 - 2023, USD Million
TABLE 130 Rest of Asia Pacific Benzoic Acid Market by End-User, 2024 - 2031, USD Million
TABLE 131 Rest of Asia Pacific Benzoic Acid Market by End-User, 2020 - 2023, Kilo Tonnes
TABLE 132 Rest of Asia Pacific Benzoic Acid Market by End-User, 2024 - 2031, Kilo Tonnes
TABLE 133 Rest of Asia Pacific Benzoic Acid Market by Application, 2020 - 2023, USD Million
TABLE 134 Rest of Asia Pacific Benzoic Acid Market by Application, 2024 - 2031, USD Million
TABLE 135 Rest of Asia Pacific Benzoic Acid Market by Application, 2020 - 2023, Kilo Tonnes
TABLE 136 Rest of Asia Pacific 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

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