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
-
I G Petrochemicals Ltd. (IGPL)
-
Merck KGaA
-
Chemcrux Enterprises Ltd
-
The Chemical Company
-
Lanxess AG
*Disclaimer: Major Players sorted in no particular order
