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Benzaldehyde Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research

04-18-2017 02:48 PM CET | Energy & Environment

Press release from: P&S Market Research

The increasing use of benzaldehyde in aroma chemicals and agrochemicals industries is propelling the growth of the global benzaldehyde market. The growing economy of Asia and Latin America is one of the important factors supporting the growth of the aroma chemicals industry. The large and emerging domestic market of India is fuelling the growth of the aroma chemicals market in Asia. Moreover, the growing demand for personal care products, household care products, and foods is expected to boost the demand for aroma chemicals, which is indirectly increasing the demand for benzaldehyde. However, volatility in crude oil prices and regulatory issues are expected to restrain the growth of the global benzaldehyde market.

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Benzaldehyde is a chemical and color aldehyde having almond odor. Benzaldehyde can be produced by oxidation of toluene, or treating benzal chloride with an alkali such as sodium hydroxide. The most widely accepted process for extracting synthetic benzaldehyde is air oxidation of toluene. The air oxidation process can be facilitated by two methods that include vapor-phase oxidation process, and liquid-phase oxidation process. In the past, the vapor-phase oxidation process was used to extract benzaldehyde. Currently the liquid-phase oxidation process is widely used, while the process was introduced in 1950s by The Dow Chemical Company. Benzaldehyde is naturally found in various foods, such as cherries, apricot, peach pits, and almonds. In the chemical industries, it is widely used for the production of perfumes, mandelic acids, and dyes. In the cosmetics industry, it is used as a denaturant, as a fragrance, and flavoring agent. It can also be used as a solvent for oils, resins, cellulose ethers, cellulose acetate, and nitrate. The increasing demand for benzaldehyde products in the end-user industries such as dyes, coatings, pharmaceuticals, aroma chemicals, agriculture, and others is expected to drive the growth of the global benzaldehyde market.

Browse For Related Research Visit Here: www.psmarketresearch.com/industry-report/chemicals-and-materials

Based on application, the global benzaldehyde market can be segmented into agrochemicals, pharmaceuticals, aroma chemicals, cosmetics, dyes, and others. The major applications areas of benzaldehyde are agrochemicals and aroma chemicals. Aroma chemicals accounted for the largest share in the application segment of the global benzaldehyde market during 2014. The major factor supporting the growth in market share of the aroma chemicals segment is the unique properties of benzaldehyde, such as artificial cherry and almond flavors. The agrochemical accounted for the second-largest market share in the application segment of the global benzaldehyde market in 2014.

Geographically, Asia-Pacific is the largest market for benzaldehyde, followed by Europe and North America. During the forecast period, the Asia-Pacific benzaldehyde market is expected to grow with the fastest rate, owing to large consumption base, and growth of various end-user industries. China, Japan, and India are expected to dominate the benzaldehyde market in Asia-Pacific.

About P&S Market Research

P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

As one of the top growing market research agency, we’re keen upon providing market landscape and accurate forecasting. Our analysts and consultants are proficient with business intelligence and market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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