Data Bridge Market Research analyses that the Global Benzaldehyde Market which was USD 212.00 million in 2022, is expected to reach USD 299.14 million by 2030, and is expected to undergo a CAGR of 3.90% during the forecast period of 2023 to 2030.
Industry Analysis
Major factors that are expected to boost the growth of the benzaldehyde market in the forecast period of 2023 to 2030 are the increasing demand for aroma chemicals manufacturers, the growing utilization of derivatives in the organic chemistry and the escalating need for benzaldehyde as an active pharmaceutical ingredient in the pharmaceutical industries. Furthermore, the expansion in the aromatic chemicals market, the consumption of benzaldehyde in the manufacturing of flavours and fragrance and dyestuff and the growing need for food grade benzaldehyde found from the toluene oxidation process in the food and beverage industry are further anticipated to propel the growth of the global benzaldehyde market.
“Aroma Chemicals” segment is expected to dominate the market because of the rise in preference towards personal care. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Benzaldehyde, also identified as benzenecarboxy aldehyde and benzoic aldehyde, is an aromatic compound that belongs to the functional group of aldehydes. It is colorless in appearance and have a pleasant odour. Benzaldehyde is widely used in synthesis of various aromatic chemicals and as additives. Benzaldehyde is traditionally prepared by the chlorination of toluene. Benzaldehyde is also utilized as a solvent for resins, oils, cellulose acetate, cellulose ethers, and nitrate. In addition, the compound is extensively utilized in organic synthesis, where it is used as a raw material for a large number of products.
Global Benzaldehyde Market Scope
The global benzaldehyde market is segmented on the basis of derivatives, product type, process and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Derivatives
- Cinnamic Acid
- Benzoic Acid
- Sodium Benzoate
- Benzyl Alcohol
- Others
Product Type
- FCC Grade
- Technical Grade
Process
- Tolune Oxidation Process
- Tolune Chlorination Process
Application
- Dyes and Coatings
- Pharmaceuticals
- Aroma Chemicals
- Agrochemicals,
- Food And Beverages
- Others
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Global Benzaldehyde Market Regional Analysis/Insights
The benzaldehyde market is analyzed and market size insights and trends are provided by country, derivatives, product type, process and application as referenced above.
The countries covered in global benzaldehyde market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Asia-Pacific dominates the benzaldehyde market due to the increasing demand for benzaldehyde. Furthermore, the favourable government guidelines, the growth of several end user industries, and an exceptionally large consumption base which will further boost the growth of the benzaldehyde market in the region during the forecast period.
Europe is projected to observe significant amount of growth in the benzaldehyde market due to the major key players. Moreover, the manufacturers are constantly directing on growing their production capacities for benzaldehyde and other benzyl derivatives to meet the escalating demand which is further anticipated to propel the growth of the global benzaldehyde market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Benzaldehyde Market Share Analysis
The global benzaldehyde market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global benzaldehyde market.
Some of the major players operating in the global benzaldehyde market are:
· Emerald Performance Materials (U.S.)
· GUANGZHOU SHINY CO., LTD. (China)
· Gujarat Alkalies and Chemicals Limited (India)
· Haihang Industry (China)
· YanAn Bicon (China)
· Jiangsu Jiamai Chemical Co., Ltd. (China)
· KADILLAC Chemicals Pvt. Ltd. (India)
· LANXESS (Germany)
· Lianyungang Taile Chemical Industry Co., Ltd. (China)
· Merck KGaA (Germany)
· Shimmer Chemicals Pvt. Ltd. (India)
· TCI AMERICA, Inc. (U.S.)
· Valtris Specialty Chemicals (U.S.)
· Hubei Kelin Bolun New Materials Co., Ltd (China)
· Lihai Chemical Industry Co., Ltd. (China)
· KLJ Group (India)
· Wuhan Dico Chemical Co., Ltd. (China)
· Axxence Aromatic GmbH (Germany)
· Shijiazhuang Langrong Chemical Co., Ltd. (China)
· Tokyo Chemical Industry Co., Ltd. (Japan)
· Jiangsu Jiujiu Jiu Technology Co., Ltd. (China)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Benzaldehyde Market by Product & Procedure type
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