Home
Chemical Prices
Potassium Benzoate

Potassium Benzoate Prices Overview

Get Real Time Prices

Market Overview

Quarterly Update on Potassium Benzoate Market

For the Quarter Ending December 2020

Asia

Potassium Benzoate market experienced a stable growth across the APAC region during Q4 2020. The growth was driven by significant recovery of the service sector and industrial sector from COVID-19 induced slowdown. In addition, the festive season boosted the consumption of food products and deserts, which increased the demand of preservative Potassium Benzoate. Increased demand led to slight increment in prices of Potassium Benzoate. In India, the price of Potassium Benzoate rose from USD 3902.6 /tonne (October 2020) to USD 3946.4 /tonne (December 2020) on Ex-Depot basis.

North America

Potassium Benzoate market of North America region remained low during October 2020. But the festivals and holidays during winter lifted the market sentiments. Festivals like Halloween, thanksgiving and Christmas led to increase in demand of food products and preservative Potassium Benzoate. Although the supply remained tight, due to reduced feedstock Benzoic Acid production as an effect of multiple hurricanes across the gulf coast demand remained balanced from the downstream derivative markets.

Europe

In Europe, most of the preservative Potassium Benzoate is used for animal feed. This is because many European countries have restricted the consumption of Potassium Benzoate by children. During Q4 2020, animal feed production remained low due spread of animal diseases like “African swine fever” in some European countries. That reduced the consumption of preservative Potassium Benzoate across the region. Several traders highlighted that high freight charges and container shortages from Asia tightened the traded volumes, thereby impacting the material availability in the region.

How we can help

ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.

Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Potassium Benzoate is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

Learn More

Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

Learn More

Company Profile

Basic details and information on financial performance of leading global players in the Potassium Benzoate market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Learn More

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Potassium Benzoate manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Potassium Benzoate market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Potassium Benzoate market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.

Finally, region-specific markets for Potassium Benzoate are analyzed and region-wise demand pattern is tracked.

About

Potassium Benzoate is one of the most famous preservative used in industries with chemical formula C₆H₅COOK. It is a potassium salt Benzoic Acid, that exist as hydroscopic white powder, which means it can retain water molecules either by adsorption or absorption. Potassium Benzoate is commercially synthesised by the process of neutralisation, where Benzoic Acid reacts with Potassium Hydroxide to produce Potassium Benzoate. It is widely used as a food preservative globally and can be used in most of the animal feed as well as in packaged food due to its non-toxic nature. Potassium Benzoate is also used to control the growth of mould, bacteria and fungi etc. Many countries have approved the use of Potassium Benzoate for the preservation of citric food, fruit juice, pickle and carbonated drinks etc. When it is used in food items for the purpose of preservation, it reduces the pH of that food item which reduces the activity of phosphofructokinase enzyme that prevent the fermentation.

Track real-time price movement of 250+ chemical and petrochemical products for informed purchase decisions

Potassium Benzoate Prices Overview