International chemical markets prepare for a significant turnaround in Benzoic acid prices with industry experts forecasting strong hikes across May and June xxxx, a dramatic turnaround from recent market bottoms. This projected upswing is a consequence of a perfect storm of strengthening raw material prices, seasonal demand trends, and ongoing supply chain pressures that continue to redefine the global specialty chemical market.
Benzoic acid is a vital industrial chemical in various industries, used mainly as a preservative and antimicrobial. The chemical industry depends greatly on Benzoic acid for food preservation, shelf-life extension in processed foods, soft drinks, and fruit juices. Pharmaceutical companies use Benzoic acid in medicines and antiseptics, whereas cosmetics use it widely in shampoos, conditioners, and skincare products. Aside from these uses, Benzoic acid has vital functions in plastic production, agrochemical pesticides, textile treatment, and preventing metal corrosion.
