What is Aromatic Aldehydes Market?
Aromatic Aldehydes which is an aromatic compound contains CHO groups like Benzaldehydes. This organic compound consists of benzene rings with formyl substituent. Aromatic aldehydes are used as a raw material in various fragrance, resin additives, agrochemical, pharmaceutical and other materials. These wide range of applications are increasing the demand of aromatic aldehydes and hence fuelling the market growth.
Highlights from Aromatic Aldehydes Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Merck KGaA (Germany), MITSUBISHI GAS CHEMICAL (MGC) (Japan), Lanxess (Germany), U k aromatics (India), Emerald Performance Materials (United States), Shimmer Chemicals (India), Chem Approach (United States), Lianyungang Taile Chemical (China), Kadillac Chemicals (India) and Jiangsu Jiamai Chemical (China) |
Aromatic Aldehydes market is a fragmented market due to the presence of various players. Players are focusing on increasing manufacturing capacity. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Asia Pacific Vendors will contribute to the maximum growth of Global Aromatic Aldehydes market throughout the forecasted period.
Merck KGaA (Germany), MITSUBISHI GAS CHEMICAL (MGC) (Japan), Lanxess (Germany), U k aromatics (India), Emerald Performance Materials (United States), Shimmer Chemicals (India), Chem Approach (United States), Lianyungang Taile Chemical (China), Kadillac Chemicals (India) and Jiangsu Jiamai Chemical (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Wuhan Dico Chemical (China) and Jiangsu Jiujiu Jiu Technology (China). Aromatic Aldehydes Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Spices, Pharmaceuticals, Agricultural, Dye and Other |
Type | FCC Grade and Technical Grade |
Aldehyde preparation methods | From Acyl chloride,From Nitriles and Esters,From Hydrocarbons |
On the basis of geography, the market of Aromatic Aldehydes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Usage of Aromatic Aldehydes due to Development of Modern Science, Technology and Industrialisation
Market Growth Drivers:
Features of Aromatic Aldehydes Such as Less Toxicity which Stimulate Relaxation in Blood Vessels
Challenges:
Limited Number of Manufacturers Available in the Market
Restraints:
Stringent Government Regulations Associated with Chemical Industry
Opportunities:
Rising Applications of Aromatic Aldehydes in Dyes, Pharmaceuticals and Other Industries
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
Market Leaders & Development Strategies
On 6th May 2019, Merck has signed an agreement to acquire intermolecular. This acquisition will strengthen the semiconductor technology offerings.
In December 2021, Merck acquired Chord Therapeutics, a Swiss-based biotech company. This acquisition helped company to expand its presence in aromatic aldehyde market