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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Definition

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.

Industrial Uses Impacting the Potassium Benzoate Price Trend:

Potassium benzoate serves various crucial industrial applications due to its excellent preservative properties. As a food additive, it is widely used in the food and beverage industry to extend the shelf life of products, particularly in acidic foods like fruit juices, carbonated drinks, and pickles. The pharmaceutical sector employs it to enhance the stability and longevity of medicines and oral suspensions. Additionally, potassium benzoate is found useful in personal care products like cosmetics and toiletries as a preservative. Its effectiveness as an antimicrobial agent also makes it valuable in various industrial processes such as corrosion inhibition, dye intermediates, and the production of synthetic resins and plastics.

Key Players:

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

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