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

Description

List of Tables

The Latin America, Middle East and Africa Benzoic Acid Market would witness market growth of 7.7% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 66.06 kilo tonnes, showcasing a growth of 6.9% (2024-2031).

Benzoate plasticizers are derived from benzoic acid and are widely used in the plastics industry to enhance the flexibility and durability of various polymer products. These plasticizers are especially valuable in the production of flexible polyvinyl chloride (PVC) and other plastics, contributing to the manufacturing of consumer goods such as packaging materials, flooring, and medical devices. The growing emphasis on sustainability and the demand for non-toxic alternatives to traditional phthalate-based plasticizers have led to increased adoption of benzoate plasticizers. Thus, the Brazil market is expected to utilize 6.44 kilo tonnes of benzoic acid in Benzoate plasticizers application by 2031.

The Brazil market dominated the LAMEA Benzoic Acid Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $40.3 Million by 2031. Argentina market is showcasing a CAGR of 8.3% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.6% during (2024 - 2031).

Health awareness among consumers has also played a pivotal role in the growth of the benzoic acid market. Demand for efficacious and validated safety-profile preservatives is increasing in tandem with consumer awareness regarding the components of food and beverages.

Moreover, a safer alternative to synthetic preservatives, benzoic acid is a naturally occurring compound present in numerous fruits and spices. This perception and its effectiveness in low concentrations have reinforced its adoption in the food and beverage industry.

The LAMEA region presents opportunities for the benzoic acid market, driven by the growing food and beverage industry and the increasing focus on healthcare. In Brazil, the food and beverage industry is a major consumer of benzoic acid. In 2021, the Brazilian food service industry reached revenues of BRL 460 billion (USD 85.2 billion), a growth of 26 percent compared to 2020. The rising disposable income and expanding population of the nation have contributed to an upsurge in the consumption of processed and convenience foods, thereby stimulating the need for benzoic acid as a preservative. The Brazilian market utilizes benzoic acid extensively as a preservative in various food products, such as beverages, sauces, and processed foods, to extend shelf life and ensure safety.

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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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.

LAMEA 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)

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Chapter 1. Market Scope & Methodology

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

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

Chapter 5. LAMEA Benzoic Acid Market by Application

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

Chapter 6. LAMEA Benzoic Acid Market by Country

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

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