May 21, 2024


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Potassium Benzoate Price History and Forecast Analysis Provided by Procurement Resource

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In the Asia Pacific region, potassium benzoate prices initially declined due to decreased market activities in the food and pharmaceutical sectors. However, they rose towards the end of the quarter and into the middle of the second quarter, driven by increased new orders from domestic and international buyers. Fluctuations in raw material costs and the energy sector further supported the price increase. Later, prices began to decline due to reduced new orders, falling raw material markets, and rising inventories. In Europe, prices also fluctuated, with a temporary hike supported by domestic orders and energy costs, but weak demand dynamics led to a decline. In North America, low feedstock prices and market saturation caused price fluctuations throughout the quarters.

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Potassium benzoate is the potassium salt of benzoic acid, with the chemical formula C7H5KO2. It is a white, crystalline powder or granules that are highly soluble in water. As a food preservative, potassium benzoate serves a similar function to Potassium benzoate, preventing the growth of bacteria, yeasts, and molds in various food and beverage products. It is commonly used in acidic foods like fruit juices, carbonated drinks, and pickles. Potassium benzoate is generally considered safe for consumption and is an approved food additive in many countries.

Key Details About the Potassium Benzoate Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Potassium Benzoate in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Potassium Benzoate Price chart, including India Potassium Benzoate price, USA Potassium Benzoate price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Potassium Benzoate Price Trend:

Price-TrendThe Potassium Benzoate Price Trend showcases its significance in multiple industrial sectors. Acting as an effective preservative, Potassium Benzoate finds widespread use in food and beverage production, maintaining the shelf life of acidic products like fruit juices, carbonated drinks, and pickles. Its application extends to pharmaceuticals, enhancing medicine stability and longevity, as well as personal care items such as cosmetics and toiletries. Moreover, its antimicrobial properties contribute to its value in industrial processes like corrosion inhibition, dye intermediates, and the synthesis of resins and plastics. Potassium Benzoate Price Index and Potassium Benzoate Prices reflect its pivotal role in these sectors, as depicted in the Price Trend, Potassium Benzoate Price Chart, and Potassium Benzoate Price Graph.

Key Players:

  • Emerald Kalama Chemical
  • Tengzhou Tenglong Chemical
  • A.M. Food Chemical
  • Macco Organiques Inc
  • Shandong Tong Tai Wei Run Chemical

About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.

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Company Name: Procurement Resource
Contact Person: Amanda Williams
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