Market Snapshot:
Benzaldehyde also identified as benzoic aldehyde, is an aromatic compound that belongs to the functional group of aldehydes. It is widely used in the chemical industry for the manufacturing of dyes, Pharmaceutical, plastics, perfumes, mandelic acid, and cosmetics and in the food and beverage industry. It is also used as a solvent for resins, oils, cellulose ethers, cellulose acetate, and nitrate. The compound is extensively used in organic synthesis, where it is used as a raw material for a large number of products.
Highlights from Benzaldehyde Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 3.6% |
The key Vendors profiled in the report are Kadillac Chemicals Pvt. Ltd. (India), Shimmer Chemicals Pvt. Ltd. (India), Emerald Performance Materials LLC (United States), Gujarat Alkalies and Chemicals Limited (GACL) (India), Haihang Industry Co. Ltd. (China), Nantong Tianshi Chemical Co. Ltd. (China), Jiangsu Jiamai Chemical Co. Ltd. (China), Shenyang Huijinfengda Chemical Co. Ltd. (China), Chematek S.p.A., Wuhan Dico Chemical Co. Ltd. (Italy), Lianyungang Taile Chemical Industry Co. Ltd. (China) and Merck KGaA. (Germany). Additionally, other players that are part of this comprehensive study are Wuhan Dico Chemical Co. Ltd. (China), Penta S.R.O (Czech Republic), Taj Pharmaceutical Limited (India), Hubei Kelin Bolun New Materials Co. Ltd. (China), LANXESS (Germany), Valtris Specialty Chemicals (India), KLJ Group (India), Axxence Aromatic GmbH (Germany) and TCI AMERICA (United States).
Geographic Breakdown and Segment Analysis
The Global Benzaldehyde market presents a comprehensive analysis of the Benzaldehyde market by product type (Technical grade and FCC grade), by end-user/application (Aroma Chemicals, Pharmaceuticals, Agrochemicals, Food & Beverages, Dyes & Coatings and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Benzaldehyde industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the Asia Pacific holds majority of market share of the Benzaldehyde market, the North America has emerged as a crucial market for several Benzaldehyde brands.
Analyst at AMA have segmented the market study of Global Benzaldehyde market by Type, Application and Region.
Influencing Trend:
Increasing Use of the Derivatives of the Aromatic Compound for the Synthesis of Other Organic Compounds
Market Growth Drivers:
Socio-Economic Development across the Emerging Economies, Increasing Application of Its Derivatives, Increasing Demand for Benzaldehyde as an Active Pharmaceutical Ingredient (API) In the Pharmaceutical Industries and Increasing Demand in Agricultural (Agrochemicals) Applications
Restraints:
Volatility in Crude Oil Prices and Federal Regulations Associated With Manufacturing and Consumption of Benzaldehyde
Opportunities:
The High Demand for the Compound Used As a Solvent
Recently, Emerald Kalama Chemical, a global leader in benzaldehyde and related aroma chemicals, has announced the launch of Kalama C-12 Lauric Aldehyde, expanding the organization's portfolio of linear aldehyde fragrance ingredients. This product launch is expected to increase the range of linear aldehydes based on benzaldehyde.
Key Target Audience
Benzaldehyde producers, Traders and distributors, Association and government bodies., Application industries, Electronic manufacturers and Research institute