Potassium Benzoate Price Trend and Forecast

Regional Price Overview

Get the latest insights on price movement and trend analysis of Potassium Benzoate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Potassium Benzoate Price Trend for the October - December of 2023

Asia

The potassium benzoate price trend usually mirror the variations in its feedstock potassium hydroxide (caustic potash) and benzoic acid markets. Since potassium benzoate is a potassium salt of the benzoic acid, it has strong antimicrobial activities It is extensively used as a potent preservative chemical in various food and pharma industries.

Potassium Benzoate Price Chart

Potassium Benzoate Price Trends and Forecast

Please Login or Subscribe to Access the Potassium Benzoate Price Chart Data
 

So, the quantity of market queries and orders from these sectors also determines the market performance for potassium benzoate. During the concerned period of Q4’23, the potassium benzoate prices were observed to be dwelling between confined limits for the majority of the time period.

Since the existing inventory was already at optimum levels and the demand curve was also consolidated for most of the given period, the variations in potassium benzoate prices were of short amplitude. Overall, mildly wavering price trend were observed for potassium benzoate during the said period.

Europe

The European market trend for potassium benzoate were found to be wavering on the lower end of the price curve during the concerned time period. Along with the low upstream cost support provided by the feedstock prices, steadiness in the demand dynamics also failed to motivate the market graph very positively.

North America

The North American potassium benzoate market followed its European counterpart closely during the said period of Q4’23. The freight disturbances amidst growing geopolitical tensions heavily influenced the market activities of the said market. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the Potassium Benzoate prices are expected to continue to waver in the coming months. Since the market trend are currently being governed by market demands and supply outlooks, swift variations are anticipated.

Potassium Benzoate Price Trend for the July-September of 2023

Asia

The potassium benzoate market exhibited positively wavering price trend throughout the given period of Q3’23. There were several factors that contributed to the inclining price graph of potassium benzoate. Since people started going out more freely after the COVID restrictions were removed, the potassium benzoate demands surged from the food preservatives and pharmaceutical industries.

The surge in feedstock benzoic acid and bicarbonates also pushed the potassium benzoate market prices upwards. Overall, since both the upstream factors with feedstock and downstream factors with consumer demands worked in favor of the potassium benzoate market trend, the potassium benzoate price index registered consistently growing numbers. Overall, very positive market sentiments were observed.

Europe

The European potassium benzoate market mirrored the growing trend of the Asian market as the prices remained on an upward trajectory here as well. With rapidly normalizing economic activities, the potassium benzoate demands showed an inclination, especially from the food and personal care sectors. Toluene prices, too, surged during the given time, which further pushed the potassium benzoate prices upwards. Overall, positive market sentiments were observed.

North America

The North American potassium benzoate market could not behave any differently than its Asian and European counterparts. Since the other industrial sectors were mostly in a regressive zone, the food and personal care sectors were still flourishing in the region. Overall, a positively inclined price graph was observed for potassium benzoate during the said period of Q3’23.

Analyst Insight

According to Procurement Resource, Potassium Benzoate prices are projected to continue wavering in a positive manner in the coming months as well. The current demand dynamics project a positive market response going forward.

Potassium Benzoate Price Trend for the First Half of 2023

Asia

In the Asia Pacific region, prices of potassium benzoate declined in the initial phase due to the falling market activities of the food, pharmaceuticals, and related sectors. But towards the end of the quarter, the trend inclined till the middle of the second quarter. This phase of the market was positively influenced by a significant rise in the number of new orders from both domestic and international buyers, with a strong supply to sustain this high demand.

The cost of raw materials and fluctuations in the energy sector also supported the northward trajectory of the potassium benzoate price trend. However, in the later months, the prices began to decline. Several factors, such as the reduced number of new orders, the falling market of raw materials, and the increasing level of inventories, adversely affected the potassium benzoate prices.

Europe

The European region was negatively impacted by the ample availability of feedstock materials and falling demand dynamics of the region in the first quarter of 2023. The trend improved slightly in the later months of the first quarter and in the initial phase of the second quarter. This hike was supported by the unexpected increase in domestic orders and surging costs of energy production and shipments. The rise was, however, short-lived as the prices of potassium benzoate declined again as weak demand dynamics circled around the market.

North America

The low prices of feedstock materials and sufficient availability of the product in the market hampered the growth of potassium benzoate prices. A phase of stability was observed in the initial months of the second quarter, but the trend soon declined again. The hike was supported by the improvement in demand and a reduction in the number of inventories. However, the decline in prices was attributed to the slow market activities and hesitation in consumer confidence in the market.

Analyst Insight

According to Procurement Resource, the price of Potassium Benzoate is estimated to depict a fluctuating trajectory as the falling global market activities and slow demand will negatively impact the potassium benzoate price trend.

Procurement Resource provides latest prices of Potassium Benzoate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.

About

Potassium benzoate is the potassium salt of benzoic acid that has strong antimicrobial activities. Due to its ability to restrict the growth of microorganisms, this salt is highly employed in the food and beverage industries. In addition to this, salt also aids in increasing the shelf-life of food, beverages, personal care items, and pharmaceuticals.

Product Details

Report Features Details
Product Name Potassium Benzoate
Chemical formula C7H5KO2
Industrial Uses Food preservative, Pharmaceutical and personal care products, Water treatment
HS Code 29163190
CAS Number 582-25-2
Molecular weight 160.213 g/mol
Supplier Database Emerald Kalama Chemical, Tengzhou Tenglong Chemical, A.M. Food Chemical, Macco Organiques Inc, Shandong Tong Tai Wei Run Chemical
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery


Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

The oxidation reaction of toluene gives benzoic acid in the first step of the reaction. Further reaction of benzoic acid with bicarbonates, or hydroxide or carbonates of potassium, produces potassium benzoate.

Methodology

The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.