The Sodium Benzoate for Buffering Agent Market is projected to grow at a CAGR of 4.2% in terms of value, from 2019 to reach USD 597.6 Million by 2027. Sodium Benzoate is an odorless partly hygroscopic crystalline common sodium salt of benzoic acid with alkalinizing property, which is manufactured by complete neutralization of benzoic acid with a high purity sodium carbonate or sodium bicarbonate or sodium hydroxide and subsequent crystallization.
Top Companies Operating in the Global Sodium Benzoate for Buffering Agent Market:
Foodchem International Corporation, Wuhan Youji Industries Co., Ltd., DuPont de Nemours, Inc., Huangshi Xinghua Biochemical Co., Ltd., Akzo Nobel N.V., Eastman Chemical Company, Emerald Performance Materials, AM Food Chemical Co. Ltd., American Tartaric Products, and FBC Industries Inc.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Sodium Benzoate for Buffering Agent Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Sodium Benzoate for Buffering Agent Market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Sodium Benzoate for Buffering Agent Market key players
3.2 Global Sodium Benzoate size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Sodium Benzoate for Buffering Agent Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Sodium Benzoate for Buffering Agent Market Segmentation
Distribution Channel Outlook (Revenue, USD Million; 2016-2027)
- Online Retailing
- Offline Retailing
Application Outlook (Revenue, USD Million; 2016-2027)
- Food Preservative Acidulant
- Antifoulants
- Buffering Agent
- Other Applications
End-Use Verticals Outlook (Revenue, USD Million; 2016-2027)
- Food Beverage Industry
- Medical Pharmaceutical
- Personal Care Products
- Others
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