Chemicals Industry Today
Benzaldehyde Market Valued USD 282.7 Million by 2022, at 3.5% CAGR | Business Research Report by MRFR
Benzaldehyde Market Information-by Derivatives (Cinnamic Acid, Benzoic Acid, Sodium Benzoate, Benzyl Alcohol and others), by Process (Toluene Oxidation Process, and Toluene Chlorination Process) by Application (Dyes & Coatings, Pharmaceuticals, Aroma Chemicals, Agrochemicals, Food & Beverages and others) and by Region - Forecast to 2022
Published 05 February 2018
Market Overview:
Market Research Future (MRFR) Announces the Publication of its Research Report – Global Benzaldehyde Market 2016-2022. Global Benzaldehyde Market was valued at USD 225.0 million in 2015 and is expected to reach USD 282.7 million by the end of 2022, expanding at a CAGR of 3.5% from 2016 to 2022.
Market Research Future (MRFR) recognizes the following companies as the key players in the global Benzaldehyde market: 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.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: the market for Benzaldehydes is expected to growing demand of aroma chemicals, growing end user industries like pharmaceuticals, agrochemicals and dye & coatings industry and growing usage of derivatives of Benzaldehydes. Benzaldehyde is used in many application right from pharmaceuticals to agriculture. In agrochemicals, benzaldehyde is used in pesticides and herbicides to increase the yield of crops. According to application segment, aroma chemicals is largest market share as it is growing industry due to Fragrance and flavor provided by benzaldehyde. In pharmaceuticals, it also shares comparatively good share due to usage in many drugs such as benzyl amine, pseudo ephedrine Hcl, D-alpha phenyl glycine etc. On basis of derivatives segment, benzoic acid share a largest market in forecasted period. Benzoic acid is used in food and agriculture which is expected to grow in coming years due to increase in consumption rate. Benzaldehyde act as key additive in providing fragrance and flavor to certain chemicals like cinnamic acid. Sodium benzoate prevent material from corrosion and it is used in both food and pharmaceutical industries.
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.
Get Sample of Report for Brief Overview @ https://www.marketresearchfuture.com/sample_request/2040
Market Segmentation:
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 share 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.
View Report Details @ https://www.marketresearchfuture.com/reports/benzaldehyde-market-2040
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future (MRFR) Announces the Publication of its Research Report – Global Benzaldehyde Market 2016-2022. Global Benzaldehyde Market was valued at USD 225.0 million in 2015 and is expected to reach USD 282.7 million by the end of 2022, expanding at a CAGR of 3.5% from 2016 to 2022.
Market Research Future (MRFR) recognizes the following companies as the key players in the global Benzaldehyde market: 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.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: the market for Benzaldehydes is expected to growing demand of aroma chemicals, growing end user industries like pharmaceuticals, agrochemicals and dye & coatings industry and growing usage of derivatives of Benzaldehydes. Benzaldehyde is used in many application right from pharmaceuticals to agriculture. In agrochemicals, benzaldehyde is used in pesticides and herbicides to increase the yield of crops. According to application segment, aroma chemicals is largest market share as it is growing industry due to Fragrance and flavor provided by benzaldehyde. In pharmaceuticals, it also shares comparatively good share due to usage in many drugs such as benzyl amine, pseudo ephedrine Hcl, D-alpha phenyl glycine etc. On basis of derivatives segment, benzoic acid share a largest market in forecasted period. Benzoic acid is used in food and agriculture which is expected to grow in coming years due to increase in consumption rate. Benzaldehyde act as key additive in providing fragrance and flavor to certain chemicals like cinnamic acid. Sodium benzoate prevent material from corrosion and it is used in both food and pharmaceutical industries.
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.
Get Sample of Report for Brief Overview @ https://www.marketresearchfuture.com/sample_request/2040
Market Segmentation:
- By Derivatives: Benzoic Acid, Sodium Benzoate, Benzyl Alcohol, Cinnamic Acid, and Others
- By Production Process: Toluene Chlorination Process, Toluene Oxidation Process
- By Application: Aroma Chemicals, Pharmaceuticals, Agrochemicals, Food & Beverages, Dyes & Coatings, and Others
- By Regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa
- 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 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 share 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.
View Report Details @ https://www.marketresearchfuture.com/reports/benzaldehyde-market-2040
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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