Aldehydes Market Growth Revenue By Top Key Players Celanese Corporation, Georgia Pacific Corporation, BASF SE, Huntsman Corporation, Dynea Oy, Sumitomo, CNPC, Simalin Chemicals Industries Limited, Gujarat Alkalies and Chemicals Limited, and Sinopec.

Aldehydes is an organic compound containing functional group called as formyl group, which has numerous applications in medical disinfectant and antiseptic, food and cosmetics among others. It is anhydrous salt, a form of sodium bicarbonate, also called as washing soda. There are numerous types of aldehydes available such as butyraldehyde, acetaldehyde, propionaldehyde, formaldehyde, benzaldehyde, and others. However, there quantities are produced according to application and utilization.

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Formaldehyde is among the most common type of aldehydes and is widely used aldehydes across the globe. It is prominently used in the manufacturing of numerous types of resins such as melamine formaldehyde resins, urea formaldehyde resins, and others, which is driving the global aldehydes market growth. Moreover, formaldehyde is largely used in the downstream chemicals including 1, 4- butanediol. Owing to its other capabilities such as inhibition of bacteria and other microbes, the formaldehyde is used in as medical disinfectant and antiseptic.

Benzaldehyde is another common type of aldehyde widely used in production of chemicals such as acrydine dyes, styrene, and others. It is widely used to manufacture downstream chemicals including 2-ethylhexanol and n-butanol. Furthermore, acetaldehyde has its applications in plastic industry as plasticizer. It is used as paint binder in paints and coatings industry.

Regional Outlook

Asia Pacific is anticipated to hold the significant market share during the forecast period. The rising manufacturing sector coupled with the rising demand for urea from agriculture industry particularly from emerging economy such as India is expected to boost the aldehydes market growth. In manufacturing sector, aldehyde are widely used in alcohol, resins, and acids. According to the India’s Brand Equity Foundation (IBEF), in 2017, the market size of India’s manufacturing sector was US$ 347.18 billion, which increased from US$ 300.76 billion in 2012. Manufacturing sector includes automobile, drugs & pharmaceuticals, chemicals, textile, food processing, and others.

Key players in the Aldehydes Market

Key players operating in the market include Celanese Corporation, Georgia Pacific Corporation, BASF SE, Huntsman Corporation, Dynea Oy, Sumitomo, CNPC, Simalin Chemicals Industries Limited, Gujarat Alkalies and Chemicals Limited, and Sinopec.

Aldehydes Market Taxonomy

The Aldehydes market is segmented into:

By Product Type

Butyraldehyde,
Acetaldehyde
Propionaldehyde
Formaldehyde
Benzaldehyde
Cinnamaldehyde
Vanillin
Others

By Application

Pharmaceuticals
Agrochemicals
Dyes
Medical Disinfectant
Plastic Addictive
Industrial Applications
Others

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This release was published on openPR.