Chemical industry reports Benzoic Acid Market Trends and Forecasts

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Benzoic Acid Market - Industry Analysis, Size, Growth and Forecasts, 2016 to 2024 - Hexa Research The global benzoic acid market stood at around 480 KT in 2014. It is anticipated to grow at 3.2% CAGR during the forecast period (2016-2024). The market can exceed 630 KT by 2024. The growing foods & beverages industry and demand for preservatives for enhanced shelf life of products are the key drivers. The Benzoic Acid Market in North America and Europe is driven by the growing popularity of RTD (ready-to-drink) beverages and convenience foods. This has boosted the need for packaged food & beverages. This may benefit the global market since benzoic acid acts as a preservative by inhibiting the growth of food pathogens. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/