Benzaldehyde Market Report 2019 By Current and Future Growth, Comprehensive Analysis, Challenges, CAGR Status, Sales Volume, Global Forecast To 2022

Market Highlights:

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 applications 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.

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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 shares 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.

As benzaldehyde is used as flavoring agent, it is best used in aroma chemicals. The FDA has also approved benzaldehyde as synthetic flavoring substance which is safe to be used in food and agrochemicals products. The growing economy of Asia-Pacific region such as India and China are blooming the benzaldehyde market growth. This is attributed due to growing end user industries, improving infrastructure and wide application. Government regulation regarding the usage of chemicals industries will hamper the market. North America is expected to show steady growth due to steady innovation in benzaldehyde and saturation of application industries. Europe is expected to be slow market as usage of certain chemicals in industries is prohibited by government.

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.

Market Segmentation:

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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List of Tables:

Table 1 Global Benzaldehyde Market, By Derivative, 2016-2022 (Usd Million) 35

Table 2 Global Benzaldehyde Market, By Derivative, 2015-2022 (Kt) 36

Table 3 Global Benzoic Acid Market For Benzaldehyde, By Regions (2014-2022) (Usd Million) 36

Table 4 Global Benzoic Acid Market For Benzaldehyde, By Regions (2014-2022) (Kt) 37

Table 5 North America Benzoic Acid Market For Benzaldehydea, By Country (2014-2022) (Usd Million) 37

Table 6 North America Benzoic Acid Market For Benzaldehydea, By Country (2014-2022) (Kt) 38

Table 7 Europe Benzoic Acid Market For Benzaldehydea, By Country (2014-2022) (Usd Millions) 38

To Be Continue……….

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This release was published on openPR.