Benzaldehyde is predominantly used as aromatic aldehyde in the manufacturing of a number flavors & fragrances, pharmaceutical intermediates, and agrochemicals. In the past few decades, there has been an increase in the production capacities of benzaldehyde and operating rates have been hovering around 70%. Rising consumer awareness in the use of halogen free compounds and stricter regulations have compelled key stakeholders to develop production routes for chlorine-free benzaldehyde. According to the Fact.MR’s new study, the global benzaldehyde market is expected to attain a CAGR of ~ 4.5% during the period, 2019 -2029.
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Key Segments Covered in Benzaldehyde Report:
On the basis of grade, the benzaldehyde market can be segmented into:
- FCC Grade
- Technical Grade
On the basis of application, the benzaldehyde market can be segmented into:
- Flavor & Fragrances
- Pharmaceutical & intermediates
- Carbonated Soft Drinks
- Fruit Juices & Other Soft Drinks
- Alcoholic Beverages (<15 ABV)
- Bakery Goods
- Confectionary & Chewing Gum
- Ice Creams, Gelatins, Puddings
- Agrochemical (Crop protection)
- Dye & coatings
On the basis of region, the benzaldehyde market can be segmented into:
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
The competitive landscape section in the benzaldehyde market report provides valuable information relative to key market players, their business strategies, installed production capacities, recent activities and global position.
The demand for benzaldehyde is estimated to exhibit a CAGR above the global GDP growth rate. New product launches, capacity expansions, collaborations, and merger & acquisitions have been the key growth strategies of benzaldehyde manufacturers.
Key players operating in the global benzaldehyde market include Emerald Performance Materials, LANXESS, Valtris Specialty Chemicals, Hubei Kelin Bolun New Materials Co., Ltd, Lihai Chemical Industry Co., Ltd, Gujarat Alkalies & Chemicals Ltd, KLJ Group, Kadillac Chemicals Pvt. Ltd, Wuhan Dico Chemical Co., Ltd, Axxence Aromatic GmbH, and others.