Benzaldehyde Market Overview to 2023
Benzaldehyde is traditionally manufactured by the chlorination of toluene, however, it is not regarded as safe for use in food industries, due to the presence of chlorine traces. Benzaldehyde is an aldehyde, also known as benzenecarboxy aldehyde and benzoic aldehyde. Benzaldehyde is colorless in appearance and have a pleasant odor, widely used in synthesis of various aromatic chemicals and as additives. Hence, benzaldehyde manufactured by toluene oxidation process is gaining popularity across industries, prominently among the food & beverage manufacturers. Aroma chemical industries are the prominent end-user of benzaldehyde, followed by pharmaceutical and agrochemical industries.
Global top 10 Key Market Players:
The key players of Global Benzaldehyde Market are Emerald Performance Materials LLC, Gujarat Alkalies and Chemicals Limited, LANXESS AG, Kadillac Chemicals Pvt Ltd, Jiangsu Jiamai Chemical Co. Ltd, Wuhan Dico Chemical Co. Ltd, Penta S.R.O, and Taj Pharmaceutical Limited,
- Benzaldehyde producers
- Traders and distributors
- Association and government bodies.
- Application industries
- Electronic manufacturers
- Research institute
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Geographically, Asia-Pacific region dominates the benzaldehyde market both in terms of volume and value and is expected to grow significantly at a CAGRs of 3.3 % and 4.2 % respectively. China is major revenue generating country due to growing end user industry and increase in consumption rate of chemicals by manufacturers. Europe, North America accounts for second and third market share in the global benzaldehyde market.
- Global Benzaldehyde Market is projected to reach USD 282.7 million by 2022 with 3.56% CAGR during review period of 2016-2022
- Asia-Pacific accounted for largest share due to growing application industries in this region
- Benzaldehyde market is consolidated in the developed regions with limited number of manufacturers dominating the market, whereas, in the developing markets the market is fragmented with dominance of small manufacturers from the Asia-Pacific region.
The report for Global Benzaldehyde Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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