Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 742.1 Million | USD 1011.4 Million | 3.5% | 2024 |
FrequentlyAsked Questions
The global benzoic acid market is expected to grow due to increasing use as a preservative in food & beverages, along with growing applications in pharmaceuticals and plasticizers.
According to a study, the global benzoic acid market size was worth around USD 742.1 Million in 2024 and is expected to reach USD 1011.4 Million by 2034.
The global benzoic acid market is expected to grow at a CAGR of 3.5% during the forecast period.
Asia-Pacific is expected to dominate the benzoic acid market over the forecast period.
Leading players in the global benzoic acid market include The Chemical Company, Merck KGaA, Chemcrux Enterprises, Emerald Performance Materials, IG Petrochemicals Ltd., among others., among others.
The report explores crucial aspects of the benzoic acid market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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