Benzoic acid is a simple aromatic carboxylic acid which is a colorless crystalline solid. It’s only known source is gum benzoic, through which the name benzoic was derived. Benzoic acid is a naturally occurring acid in plants that serves as an intermediate in the biosynthesis of various secondary metabolites. Benzoic acid is a major precursor for the industrial synthesis of variety of organic substances. The salts of benzoic acid have application as food preservatives in the food industry. The esters and salts of benzoic acid are known as benzoates.
In the last couple of years, chemicals & materials industry has witnessed considerable technological advancements across various sectors. Coupled with this, increasing research and development activities following the outbreak of COVID-19 have had a positive impact on the overall growth.
With the development in petroleum & oil and gas companies and R&D activities, the market has witnessed a healthy expansion. FMI’s latest report offers significant details about the latest trend and challenges that the Benzoates market is expected to witness in the upcoming decade.
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Impact of COVID-19 on Benzoates Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Benzoates market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Benzoates Market: Key Segmentation
By Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa
Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.
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Benzoates Market: Competitive Evaluation
The FMI’s Benzoates market report provides a comprehensive analysis on key players operating in the Benzoates market. Some of the key players are:
- Poulvet
- RM Chemicals
- The Good Scents Company
- Taj Pharmaceuticals
- Sakshi Dyes and Pharmaceuticals
- SONEF
- FBC Industries Inc
- Panjiva
- Sino Harvest
- Surya Life Sciences Ltd
- SAFC
- Brown Chemical Co. Ltd
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
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Why Buy FMI’s Report?
- Extensive analysis on high growth niche markets across major regions
- Detailed assessment on key segments and sub-segments
- Recent and upcoming strategies tracked of manufacturers for the Benzoates market
- Reliable information on new product launches, technological advancements, and more
- Valuable insights on the impact of regulatory framework on the global Benzoates market