Benzoic Acid Market Share

Statistics for the 2023 & 2024 Benzoic Acid market share, created by Mordor Intelligence™ Industry Reports. Benzoic Acid share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Benzoic Acid Industry

Benzoic acid is a highly fragmented market with the presence of a large number of local players across the globe. The extensive application of benzoic acid in various end-user industries has resulted in an increasing number of product launches by active manufacturers to consolidate their presence in the global market. The key players such as Lanxess AG, I G Petrochemicals Ltd. (IGPL), Merck KGaA, Chemcrux Enterprises Ltd, and The Chemical Company are also expanding their product range to capture maximum application areas of benzoic acid and attain a prominent share in the market. The giant manufacturers have intensified their research and development efforts to develop niche and innovative products based on the end-user industry's requirements.

Benzoic Acid Market Leaders

  1. I G Petrochemicals Ltd. (IGPL)

  2. Merck KGaA

  3. Chemcrux Enterprises Ltd

  4. The Chemical Company

  5. Lanxess AG

*Disclaimer: Major Players sorted in no particular order

Benzoic Acid Market Concentration

Benzoic Acid Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)