The benzaldehyde market is expected to be growing at a growth rate of 3.52% in the forecast period of 2021 to 2028. The benzaldehyde market report analyses the growth, which is currently being growing due to the rising usage of derivatives in the organic chemistry.
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. Additionally, the compound is extensively utilized in organic synthesis, where it is used as a raw material for a large number of products.
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The major players covered in the benzaldehyde market report are Emerald Performance Materials, GUANGZHOU SHINY CO., LTD., Gujarat Alkalies and Chemicals Limited., Haihang Industry, YanAn Bicon, Jiangsu Jiamai Chemical Co., Ltd., KADILLAC Chemicals Pvt. Ltd., LANXESS, Lianyungang Taile Chemical Industry Co., Ltd., Merck KGaA, Shimmer Chemicals Pvt. Ltd., TCI AMERICA, Inc., Valtris Specialty Chemicals, Hubei Kelin Bolun New Materials Co., Ltd, Lihai Chemical Industry Co., Ltd., KLJ Group, Wuhan Dico Chemical Co., Ltd., Axxence Aromatic GmbH, Shijiazhuang Langrong Chemical Co., Ltd, Tokyo Chemical Industry Co., Ltd., Jiangsu Jiujiu Jiu Technology Co., Ltd., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Scope of the Benzaldehyde Market Report:
The benzaldehyde market is segmented on the basis of derivatives, product type, process and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of derivatives, the benzaldehyde market is segmented into cinnamic acid, benzoic acid, sodium benzoate, benzyl alcohol and others.
- On the basis of product type, the benzaldehyde market is segmented into FCC grade, technical grade.
- On the basis of process, the benzaldehyde market is segmented into toluene oxidation process, and toluene chlorination process.
- On the basis of application, the benzaldehyde market is segmented into dyes and coatings, pharmaceuticals, aroma chemicals, agrochemicals, food and beverages and others.
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Benzaldehyde Market Regional Analysis/Insights
The Benzaldehyde market is analyzed and market size insights and trends are provided by country, material type, end user and application as referenced above.
The countries covered in the Benzaldehyde market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Benzaldehyde within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Benzaldehyde market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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