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Global benzoic acid market is expected to grow with a CAGR of 5.1% over the forecast period from 2018-2024


The report on the global benzoic acid market provides qualitative and quantitative analysis for the period from 2016 to 2024. The report predicts the global benzoic acid market to grow with a CAGR of 5.

New York, March 12, 2020 (GLOBE NEWSWIRE) -- announces the release of the report "Benzoic Acid Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2024" -
1% over the forecast period from 2018-2024. The study on benzoic acid market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2016 to 2024.

The report on the benzoic acid market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global benzoic acid market over the period of 2016 to 2024. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter’s five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global benzoic acid market over the period of 2016 to 2024. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings
1) Drivers
• Growing application of benzoic acid for packaged food & beverages
2) Restraints
• Health-related issues related to excessive exposure to benzoic acid
3) Opportunities
• Increasing demand from developing countries

Research Methodology

A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry

Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global benzoic acid market is segmented on the basis of application, and end-user.

The Global Benzoic Acid Market by Application
• Animal Feed Additive
• Benzoyl Chloride
• Alkyd Resins
• Benzoate Plasticizers
• Benzoates
• Others

The Global Benzoic Acid Market by End-User
• Pharmaceutical
• Chemical
• Food & Beverages
• Others

Company Profiles
• Reliance Industries Limited
• Shanghai Danfan Network Science&Technology Co., Ltd.
• Shanghai UBM Sinoexpo International Exhibition Co Ltd
• San Fu Chemical Co., Ltd.
• Wuhan YouJi Industries Company Limited
• Chemcrux Enterprises Ltd
• Novaphene
• I G Petrochemicals Limited.
• Emerald Performance Materials

What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the benzoic acid market.
2. Complete coverage of all the segments in the benzoic acid market to analyze the trends, developments in the global market and forecast of market size up to 2024.
3. Comprehensive analysis of the companies operating in the global benzoic acid market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Read the full report:

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