Benzophenone Market Size, Share & Industry Analysis, By Application ( Paints & Coatings, Adhesives & Sealants, Agrochemical, Pharmaceutical, Home Care, Personal Care ) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI104162 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Benzophenone is an organic compound with a formula (C6H5)2CO. It is a white solid, that dissolves in organic solvents. Benzophenone is a commonly used key component in organic chemistry. Benzophenone is used as an UV curing agent, flavouring ingredient, perfume fixative, fragrance enhancer and as a filler for plastics, and adhesives formulations. Benzophenone is also used as a filter to avoid light-induced ultraviolet exposure to cosmetics.

An increase in demand for benzophenone in application in paints & coatings and adhesives & sealants drives the global market for benzophenone. The potential of benzophenone to avoid discoloration and photodegradation of the physical, chemical, and mechanical properties of Ultraviolet energy polymers is predicted to propel the market growth. However, the availability of substitutes, such as benzotriazole offers high penetration and is efficient with a wide range of polymeric materials and additives which, in turn, inhibits the growth of the global market.

Market Segmentation:

Based on the application, the market is classified into paints & coatings, adhesives & sealants, agrochemical, pharmaceutical, home care, personal care. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Market Driver -

Increasing application in paints and coatings drives the market.

Key Market Restraint -

Availability of substitutes will restrict growth.

Key Players Covered:

The global benzophenone market is fairly fragmented, with number of players operating in the global markets. Some of the key players in the global benzophenone market SONGWON Industrial Group, BASF SE, ADEKA Corporation, Bioray Chemical Co., Ltd., SI Group, Inc., Clariant AG, Chitec Technology Co., Ltd., Everspring Chemical Co., Ltd., Rianlon Corporation, Everlight Chemical Industrial Corp., Chongqing ChangFeng Chemical, Shanghai Yongzeng Chemical and others.

Key Insights

New Advancements in Production Technologies

Key Trends in the Global Benzophenone Market

New Product Launches, Expansions, Key Players

Ranking of Key Players in the Market

Regional Analysis:

The global benzophenonemarket has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the market for benzophenone. Asia Pacific is the world's largest producer of benzophenone. Rapid economic development, rising people's standard of living and large-scale urban growth have fuelled demand for benzophenone in Asia Pacific. It, in effect, is expected to boost the benzophenone demand in Asia Pacific. Popular manufacturers of benzophenone operating throughout North America are continuously involved in the enhancement of existing chemicals and processes, as well as in the production of new and unique products through intensive research and development activities that stimulate the region's growth rate. Latin America is likely to increase substantially during the forecast period due to an increase in development by some automakers in the region. In addition , increased investment in transport infrastructure, electricity and housing developments is projected to boost the paint & coatings industry in the near future. Thus it , is expected to improve the benzophenone market in Latin America in the near future. The Middle East and the African region will be among the latest advancement in regional industrial growth especially in the development of manufacturing plants.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTES	DETAILS
By Application	Paints & Coatings Adhesives & Sealants Agrochemical Pharmaceutical Home Care Personal Care
By Geography	North America (USA, Canada) Europe (UK, Germany, France, Italy, Spain, Russia, BENELUX and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, Rest of Latin America) Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Personalize this Research

Granular Research on Specified Regions or Segments
Companies Profiled based on User Requirement
Broader Insights Pertaining to a Specific Segment or Region
Breaking Down Competitive Landscape as per Your Requirement
Other Specific Requirement on Customization

Chemicals & Materials Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

+1 424 253 0390 (US)
+44 2071 939123 (UK)
+91 744 740 1245 (APAC)
[email protected]