Global Zinc Benzoate Market Forecast, Trend Analysis And Competition Tracking - Global Market insights 2015 to 2031

Global Zinc Benzoate Market Introduction:

The global zinc benzoate Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.

Zinc benzoate is a compound of zinc and benzoic acid used as a food preservative, e.g., in pickles, to preserve the color of oranges, inhibit mold growth on citrus fruit, and prevent bacterial contamination of powdered milk. Zinc benzoate is most often used in pickling solutions as the surface-active agent which penetrates the produce more than comparable preservatives like parabens or sulfur dioxide.

Zinc benzoate is a white powdery organometallic salt. It is very slightly soluble in water. Zinc benzoate is commonly used as a preservative in food and feed additives and as a source of zinc. It is a preservative, anti-animal agent and antifreeze in food, medicine, tobacco, electroplating, printing, dyeing, and other industries.

Zinc Benzoate is an organic compound that is most commonly used in acne treatments. Zinc Benzoate has also been found to be helpful in the treatment of eczema. Zinc Benzoate is a chemical that can be used with antibacterial properties. It can help stop or lower the growth of bacteria on the skin, which helps prevent acne breakouts, reduce redness, and soothe inflammation.

Properties of Zinc Benzoate:

CAS No.	553-72-0
Molecular Formula	C14H10O4Zn
Molecular Weight	307.6 g/mol
European Community (EC) Number	209-047-3
Physical Description	Dry Powder and Liquid
Parent Compound	Benzoic Acid

Increasing demand for zinc benzoate in several end-use industries

Zinc benzoate is an important industrial chemical used as a reaction intermediate, insecticide, and preservative against fungi and yeasts. The global demand for the chemical has been on the rise as economic growth in emerging markets is projected to produce a significant increase in demand. Increasing use of zinc benzoate as an industrial chemical may be attributed to the high quality of the product.

Zinc Benzoate is an antimicrobial agent used in pigment coatings. This compound helps to protect the coating from microbial attack, which can lead to discoloration and degradation of the coating. Zinc Benzoate is also effective at suppressing the growth of mold and mildew, making it a popular choice for protecting coating in outdoor environments.

Zinc benzoate is a food preservative that can be used as a substitute for sodium benzoate. It has been found to be effective in inhibiting the growth of bacteria and fungi, and it is also non-toxic. Additionally, zinc benzoate is less expensive than sodium benzoate, making it a more cost-effective option for food manufacturers.

The increasing demand for zinc benzoate can be credited to its many uses and its efficiency. The chemical has been used in the food industry for over 100 years, and is also found in cosmetics, paint and rubber products. It is an additive that is used to decrease the amount of odor emitted from some foods such as fish and eggs. With its production unit doubling in size, more customers are demanding this product.

Recent trends in the zinc benzoate market

Zinc benzoate can also be used in PVC heat stabilizers designed for clear and flexible/semi-rigid PVC materials. Depending on the specific stabilizer formulation, zinc benzoate makes up to approximately 1% – 4% of the total stabilizer mixture. Although stabilizer manufacturers may have different considerations when adding zinc benzoate to their products, this ingredient primarily mitigates the whitening effects of PVC caused by prolonged exposure to sunlight and immersion in water.

Faced with the imminent EU ban on zinc oxide in 2022 and its restricted use worldwide, the feed additive industry is looking for an alternative chemical that can act as a zinc supplement for animals and prevent post-weaning diarrhea in piglets. Zinc benzoate has been actively considered as an alternative to zinc oxide by some of the leading companies in the feed additive industry.

Zinc Benzoate Market Opportunities 

Several manufacturing companies are now focusing on adopting multiple strategic policies to expand their business globally. Policy on strategic mergers and acquisitions, joint ventures, and partnerships with other companies. This is often used to develop new and innovative products and expand existing product portfolios, maintaining their respective leading market positions. This is also another factor that is expected to surge financial development and provide global suppliers and manufacturers with a trajectory of revenue growth opportunities over the forecast period.

Regional Analysis :

The Asia-Pacific region is expected to account for a significant share of the global Zinc Benzoate market. The Asia-Pacific region is dominating zinc benzoate demand and production. China is the largest consumer, and producers such as Hong Kong, China and Vietnam are set to grow their percentage of global trade. The Asia-Pacific region is also forecasted to be the fastest-growing market for Zinc Benzoate products over the next five years as countries such as Indonesia, Malaysia, and Singapore become more industrialized.

Competitive Landscape :

The Zinc Benzoate market landscape appears highly consolidated, with a major chunk of it being dominated by players with their base in Asia-Pacific.

• Zaozhuang Tongtai Weirun Chemical Co. Ltd.
• Harry W. Gaffney Company
• Kraft Chemical Company
• DuPont
• Akzo Nobel N.V
• Eastman Chemical Company
• J. Pharmachem
• Tengzhou Tenglong Chemical Co. Ltd.
• Vega Pharma Limited
• Zaozhuang Tongtai Weirun Chemical Co., Ltd.
• Harry W. Gaffney Company, Inc.
• Other Key Industry Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Segments Covered

Zinc Benzoate Market, By Form

• Powder
• Liquid

Zinc Benzoate Market, By Application

• Feed Antioxidant
• Food Preservative
• PVC-Stabilizer
• Other Applications