Prices of Benzoic Acid witnessed a prominent upsurge in 2019 due its soaring demand as a preservative followed by affordable prices of feedstock. Affordable feedstock prices backed by rich demand outlook has caused Benzoic Acid CFR China price to settle between USD XX/MT to USD XX/MT. Similarly, Benzoic Acid prices in Europe and the America have followed similar trajectory and witnessed appreciable gains throughout the years.
To extract data for Global Benzoic Acid market, primary research surveys were conducted with Benzoic Acid manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for Global Benzoic Acid market over the coming years.
ChemAnalyst calculated Benzoic Acid global demand by analyzing the historical data and demand forecast was carried out considering feedstock Cyclohexane prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
•Benzoic Acid manufacturers and other stakeholders
•Organizations, forums and alliances related to Benzoic Acid distribution
•Government bodies such as regulating authorities and policy makers
•Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Benzoic Acid manufacturers, distributors, importers and end users. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the Global Benzoic Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below: