Benzaldehyde Market Supply, Consumption, Cost and Profit analysis and Forecast to 2023

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.

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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.

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.

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. 

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Some of the major competitors in the benzaldehyde market include Kadillac Chemicals Private Limited, Shimmer Chemicals Pvt. Ltd., Emerald Performance Materials LLC, Gujarat Alkalies and Chemicals Limited (GACL), Haihang Industry Co. Ltd., Nantong Tianshi Chemical Co. Ltd., Jiangsu Jiamai Chemical Co. Ltd., Shenyang Huijinfengda Chemical Co. Ltd., Chematek S.p.A., Wuhan Dico Chemical Co. Ltd.

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Created on May 25th 2018 04:49. Viewed 333 times.

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