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.
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:
The Potassium Benzoate Price Trend indicates its fluctuation in value over time. Potassium Benzoate Prices have seen variations due to demand and supply dynamics. As illustrated by the Potassium Benzoate Price Index, its cost has experienced shifts in response to market conditions. Analyzing the Potassium Benzoate Price Chart or Potassium Benzoate Price Graph can offer insights into pricing patterns.
Potassium Benzoate serves vital roles across diverse industrial applications owing to its exceptional preservative properties. Within the food and beverage sector, it is a prevalent additive utilized to prolong the shelf life of acidic products such as fruit juices, carbonated drinks, and pickles. Moreover, in the pharmaceutical industry, Potassium Benzoate enhances the stability and longevity of medications and oral suspensions. Its efficacy as a preservative extends to personal care items like cosmetics and toiletries.
Furthermore, Potassium Benzoate’s antimicrobial qualities render it valuable in numerous industrial processes, including corrosion inhibition, dye intermediates, and the synthesis of synthetic resins and plastics. The fluctuation in Potassium Benzoate prices reflects its significance and demand across these sectors.
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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