The global Benzaldehyde market has been evaluated as steady growing market and expected that the market will reach high growth figures. Benzaldehyde is colorless liquid with almond fragrance as it can be extracted from cherry stone and almond using enzyme. The benzaldehyde produced by oxidation of toluene or treating benzal chloride with alkali. Air oxidation of toluene uses liquid phase process to extract synthetic benzaldehyde.
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With increase in usage of benzaldehyde in wide area of application like pharmaceutical, aroma chemicals and agrochemical industries is propelling the growth of benzaldehyde market. Aroma chemicals share a largest market in this market. Moreover, increase in demand of cosmetics, perfumes and personal care products is expected to boost the market of aroma chemical. Pharmaceutical share second largest market share followed by agrochemicals owing to increase in demand for pesticide and herbicides in agriculture. Other industries like food & beverages and dye & coating are exhibiting higher demand in coming years.
There are various factors and opportunities which help the global Benzaldehyde market to grow are wide application in end user industries. The major driving factors includes innovations and research-oriented approach in end user industries, improving infrastructure and technology etc. some of the factors which hamper the growth of benzaldehyde are violating prices of crude oil and government regulations regarding usage of chemicals.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Global Benzaldehyde Market Players:
The major participants of this 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.
The market is classified and analyzed on the basis of various segments including geographies, which consist of; North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa Out of all, Asia-Pacific accounts for the largest share in the market in terms of volume and value. These shares is attributed due to growing chemical and food industries in this region. Countries like China, India and South Korea are developing countries and accounts for largest share due to availability of crude oil, growing end user industries. Europe and North America accounts for second and third largest share in this market. This is due to saturation of market of benzaldehyde in many manufacturing industries.
The Global Benzaldehyde Market is majorly segmented based on derivatives and application. Based on derivatives, the market is segmented into cinnamic acid, benzoic acid, sodium benzoate, benzyl alcohol and others. Further based on application the market is classified into dyes & coatings, pharmaceuticals, aroma chemicals, agrochemicals and others.
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