Benzoic Acid Prices

Benzoic Acid Price Trend, Index and Forecast

Track real-time and historical benzoic acid prices across global regions. Updated monthly with market insights, drivers, and forecasts.

Benzoic Acid Prices October 2025

Benzoic Acid Price Index (USD/KG): 

The chart below highlights monthly benzoic acid prices across different regions.

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Market Overview Q3 Ending September 2025

Northeast Asia: The region's manufacturing hubs encountered supply-demand imbalances as production capacity remained elevated while consumption patterns shifted. Export-oriented production facilities adjusted their pricing strategies to maintain competitiveness in international markets, contributing to the downward price trajectory. Currency fluctuations, particularly the strengthening of regional currencies against the US dollar in certain markets, affected import-export dynamics and pricing structures. Logistics costs remained elevated due to ongoing port congestion and shipping delays across major trade routes. The pharmaceutical and food processing industries, key consumers of benzoic acid in the region, demonstrated cautious purchasing behavior amid economic uncertainties. Raw material costs for toluene-based production processes fluctuated, creating additional pressure on profit margins for regional manufacturers. Inventory management strategies by major consumers led to reduced spot purchases, further contributing to price weakness throughout the quarter.

Europe: European benzoic acid markets demonstrated relatively stable conditions, with prices experiencing a modest decline. Germany and the Netherlands, serving as key distribution centers for benzoic acid across Europe, maintained steady supply chains despite occasional logistical challenges. The region's regulatory environment continued to support demand from food preservation applications, particularly in the growing organic and natural food sectors. Energy costs remained elevated across European manufacturing facilities, creating upward pressure on production expenses that partially offset demand-related price declines. The pharmaceutical industry in countries like Switzerland and Germany maintained consistent demand patterns, supporting overall market stability. Compliance costs associated with REACH regulations and environmental standards added to the total cost of ownership for European consumers.

India: The Indian market benefited from robust domestic demand driven by the expanding food processing industry and growing pharmaceutical sector. Export opportunities to Southeast Asian and Middle Eastern markets provided additional demand support, with Indian suppliers gaining market share due to competitive pricing and quality improvements. Raw material availability, particularly toluene from refineries, remained adequate despite some seasonal variations in supply chains. The Indian rupee's performance against major currencies influenced import-export dynamics favorably for domestic producers. Government initiatives supporting the pharmaceutical and food processing sectors created a conducive environment for sustained demand growth. The organized retail sector's expansion and increasing consumer awareness about food safety standards drove higher consumption of preserved food products, directly benefiting benzoic acid demand.

North America: North American benzoic acid markets faced downward pricing. The United States market, representing the largest consumption base in the region, experienced reduced demand from key end-use industries, including food and beverage processing. Import competition from Asian suppliers intensified, particularly from Chinese manufacturers offering competitive pricing despite ongoing trade considerations. Production costs at domestic facilities remained elevated due to higher energy prices and labor costs, creating margin pressure for North American producers. The regulatory environment continued to support benzoic acid usage in food applications, though consumer preferences increasingly favored natural preservation alternatives. Inventory levels across the supply chain reached comfortable positions, reducing immediate procurement urgency among major consumers. Transportation and logistics costs remained elevated due to trucking capacity constraints and fuel price volatility affecting distribution networks. The pharmaceutical industry maintained steady consumption patterns, though growth rates moderated compared to previous quarters.

Benzoic Acid Price Trend, Market Analysis, and News

IMARC's latest publication, “Benzoic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” presents a detailed examination of the benzoic acid market, providing insights into both global and regional trends that are shaping prices. This report delves into the spot price of benzoic acid at major ports and analyzes the composition of prices, including FOB and CIF terms. It also presents detailed benzoic acid prices trend analysis by region, covering North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The factors affecting benzoic acid pricing, such as the dynamics of supply and demand, geopolitical influences, and sector-specific developments, are thoroughly explored. This comprehensive report helps stakeholders stay informed with the latest market news, regulatory updates, and technological progress, facilitating informed strategic decision-making and forecasting.

Benzoic Acid Industry Analysis

The global benzoic acid industry size reached USD 1.26 Billion in 2024. By 2033, IMARC Group expects the market to reach USD 1.99 Billion, at a projected CAGR of 4.94% during 2025-2033. The market is driven by the expanding food preservation applications driven by increasing processed food consumption, rising pharmaceutical demand for antimicrobial and antifungal applications, particularly in developing markets, and growing adoption in industrial applications, including plasticizer production.

Latest developments in the benzoic acid industry:

• May 2025: Chemcrux Enterprises Limited signed an Exclusive Purchase and Marketing Agreement with Deepak Nitrite Limited for the production and sale of Para Nitro Benzoic Acid (PNBA). As part of this arrangement, Deepak Nitrite Limited, either directly or through its subsidiary Deepak Chem Tech, will supply the necessary raw materials required for PNBA production.
   
• October 2022: Eastman collaborated with Adven to convert benzoic acid production by-product into energy. This innovative solution made energy production eco-friendlier and more affordable. Eastman’s Estonia site produces benzoic acid, sodium benzoate, and plasticizers in its factory in Kohtla-Järve.
   
• February 2021: Lanxess acquired Emerald Kalama, a US-based specialty chemical company. Emerald Kalama is the world’s largest producer of benzoic acid, which it makes via toluene oxidation at its original plant in Kalama, Washington, and at a facility in Rotterdam, the Netherlands.

Product Description

Benzoic acid is a white crystalline aromatic carboxylic acid with the chemical formula C7H6O2, representing a fundamental organic compound in global chemical consumption. As the simplest aromatic carboxylic acid, benzoic acid serves as a critical building block in numerous industrial applications. Its primary industrial uses include food preservation where it functions as an antimicrobial agent preventing bacterial and fungal growth, pharmaceutical applications as an intermediate in drug synthesis and topical treatments, chemical manufacturing as a precursor for various derivatives including sodium benzoate and benzoyl peroxide, plasticizer production for polymer applications, and industrial synthesis processes. The compound's effectiveness in enhancing product shelf-life and safety standards makes it indispensable across food processing, pharmaceutical manufacturing, and chemical production industries worldwide.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of benzoic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting benzoic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The benzoic acid price charts ensure our clients remain at the forefront of the industry.