Terephthalic Aldehyde Market Potential 2017-2024: Jinan Haohua, Chemindustry, Haihang Industry, Nebula Chemicals, Fond Chemicals, Struchem co. Ltd., Conier Chem
Plastic industry will register CAGR of over 6% in next five years. Being a major component in plastic manufacturing, compound demand will propel in near future. Its excellence in water and moisture resistance has fueled its usage in soft drink bottles. Global carbonated drinks is expected to witness CAGR over 2% in terms of volume and revenue in the next seven years. Up surge in these industries will boost terephthalic aldehyde market.
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The component is extensively consumed in dye industry as a mixing agent in its manufacturing. It gives long lasting color to the products and can be used for changing color of component. Dyes are consumed globally as an intermediary in manufacturing of textiles, inks, tinting, construction and polymers. Upsurge in CAGR of dye industry over 4.5% is propelling its demand and inducing growth in terephthalic aldehyde market.
Pharmaceutical industry will grow at over 10% in the forecast period. The component is highly used in medicine production. It is consumed for combatting viruses, bacteria, fungi and insects, up surge in medicinal industry is anticipated to boost terephthalic aldehyde market.
Supply chain of terephthalic aldehyde market initiates from procuring raw material from various suppliers. Manufacturing of the component takes place in laboratory, it is a formulated by chemical reaction of various atoms and molecules. Post manufacturing, it is transported and distributed to various location for varied applications. Major end use of the substance are pharmaceuticals, dyes, pigments and plastic industries..
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Asia Pacific led by India is anticipating surge in dye and its intermediaries in the next 7 years by registering CAGR of over 4 %. Major user of the compound are Indian textiles dye, plastics, paper, printing ink and food products industries. Increasing demand in these industries will boost terephthalic aldehyde market.
Key manufacturers in the market are Jinan Haohua, Chemindustry, Haihang Industry, Nebula Chemicals, Fond Chemicals, Struchem co. Ltd., Conier Chem and Pharma Limited, Suzhou Health Chemicals, Angene International Limited and Rosewachem co. Ltd. Companies are emphasizing on product research and development and to supply the product globally. Other focus it is to minimize its side effects on human health by improving its chemical formulation. Jinan Haohua expanded its business through research and development, manufacturing chemicals, pharmaceuticals and intermediaries. Aim of the company is to make the product available worldwide and establish long term and stable relationship with the customers.
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