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Sodium Benzoate Price History and Forecast Analysis Provided by Procurement Resource

In the first and second quarters of 2023, the price trend of sodium benzoate declined in Asia, Europe, and North America due to weak demand from downstream industries, falling feedstock prices, and increased stockpiles. Some regions saw temporary inclines in demand and prices due to positive trading activities and energy production costs. However, overall, the market sentiments and consumer confidence were affected by soaring energy costs, declining market dynamics, and fluctuations in the crude oil sector, leading to a negative price trend for sodium benzoate.

Request for Real-Time Sodium Benzoate Prices: https://www.procurementresource.com/resource-center/sodium-benzoate-price-trends/pricerequest

Definition

Sodium benzoate is the sodium salt of benzoic acid, commonly used as a preservative in various industries with a chemical formula C7H5NaO2. Sodium benzoate is a white, odorless, and crystalline powder with excellent antimicrobial properties, inhibiting the growth of bacteria, yeast, and mold. It is primarily used to extend the shelf life of food and beverages. Sodium benzoate is considered safe for consumption within regulatory limits and is a valuable additive in ensuring product quality and safety.

Key Details About the Sodium 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 Sodium 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 Sodium Benzoate Price chart, including India Sodium Benzoate price, USA Sodium 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 Sodium Benzoate Price Trend:

Price-TrendThe Sodium Benzoate Price Trend exhibits fluctuations influenced by market demand and supply dynamics. As a widely used preservative and food additive, Sodium Benzoate finds applications across diverse industries. In the food and beverage sector, Sodium Benzoate serves as a preservative, extending product shelf life by inhibiting microbial growth. Its utilization in the pharmaceutical industry enhances stability and freshness in medicines and oral suspensions. Moreover, Sodium Benzoate’s antimicrobial properties make it valuable in personal care products like cosmetics and toiletries. Its versatility extends to industrial processes, including corrosion inhibition, dye intermediates, and the production of synthetic resins and plastics. Sodium Benzoate Price Index and Sodium Benzoate Prices are indicative of its market dynamics, reflected in Sodium Benzoate Price Chart and Sodium Benzoate Price Graph.

Key Players:

  • Avantor Inc
  • Merck KGA
  • Wuhan Youji Industries Co Ltd
  • FBC Industries Inc
  • A.M. Food Chemical Co Limited
  • DuPont de Nemours Inc
  • Lanxess AG

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.

Contact Us:

Company Name: Procurement Resource
Contact Person: Amanda Williams
Email: sales@procurementresource.com
Toll Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Reference Link – https://theprocurementexpert.com/sodium-benzoate-prices/

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