Benzaldehyde Market Forecast by Key Players: Tokyo Chemical Industry, Jiangsu Jiujiu Jiu Technology, Lanxess, LCC, Emeralds Performance Materials, Chematek, Shimmer Chemicals, Lianyungang Taile Chemical, Kadillac Chemicals Pvt. Ltd, Merck KGaA
Global Benzaldehyde Market is currently developing and is likely to grow at an exponential rate in future years owing to its increasing acceptance in manufacturing fragrances.
(EMAILWIRE.COM, August 09, 2018 ) Taking into consideration the regions, for the benzaldehyde market in 2016, Asia Pacific held a major chunk of share which was over 50% of the total share. Benzaldehyde market demand in the region is set to witness an exponential growth in the forecast period owing to lenient government regulations, development of numerous end-user industries, and a very large consumption base. Based on the demand, countries like Japan, India and China are likely to hold sway the Asia Pacific benzaldehyde market. Following the Asia Pacific is the European Region. Due to the mature market in Europe, the benzaldehyde market demand is anticipated to remain flat. For the North American region, benzaldehyde market is likely to depict a slow growth as no significant innovation has been reported in the last few years.
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Global Benzaldehyde Market Size is currently developing and is likely to grow at an exponential rate in future years owing to its increasing acceptance in manufacturing fragrances. Benzaldehyde is a colorless liquid with a pleasant almond aroma and is the simplest form of organic compound prepared by the oxidation of benzal chloride or treating toluene with an alkali such as sodium hydroxide. It is also naturally found in several foods such as peach pits, apricots, almonds, and cherries.
As a result of rapid urbanization, the amount of agricultural land per person is drastically getting decreased. To increase the productivity of the lesser available land for more crop production, the demand for benzaldehyde market is likely to rise, as it is used in agrochemicals which in turn increases the land productivity. Global agrochemicals market in 2016 was valued at over USD 200 billion worldwide and will likely witness a substantial growth in coming years.
Product usage as a precursor in pharmaceuticals is expected to drive the global benzaldehyde market demand. Pharmaceutical industry is growing rapidly owing to new developments and inventions in medicines. Growing awareness about these developments and increasing affordability of the global population will enhance the product demand in pharmaceuticals. The worldwide revenue of the pharmaceutical industry in 2016 is estimated to be over USD 1 trillion.
The benzaldehyde market will also be driven by the growing demand in the aroma chemicals industry. Use of aroma chemicals in fragrances, flavors, and odorants in increasing owing to the rise in awareness of personal grooming and personal care. The aroma chemicals market in the U.S. is likely to grow around 5% CAGR from 2017 to 2024.
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Based on the product types, benzaldehyde market has been segmented into two sub categories. These are the technical grade and the FCC grade. The technical grade is an adaptable chemical used in the production of flavoring chemicals, perfumes, dyes and pharmaceuticals whereas, the FCC grade is majorly used for various fragrances in toiletries and soaps. The United States Food and Drug Administration (FDA) has authorized product usage as a synthetic flavoring agent that is generally recognized as safe (GRAS).
Top key players:
The major players operating in benzaldehyde market include Haihang Industries Co. Ltd, Gujarat Alkalies and Chemicals, Jiangsu Jiamai Chemical, Shijiazhuang Chemical Industry, Tokyo Chemical Industry, Jiangsu Jiujiu Jiu Technology, Lanxess, LCC, Emeralds Performance Materials, Chematek, Shimmer Chemicals, Lianyungang Taile Chemical, Kadillac Chemicals Pvt. Ltd, Merck KGaA, Wuhan Dico Chemical to name a few.
Market share calculation in this report is not done based on companies covered in it. The calculation of benzaldehyde market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1391
Global Benzaldehyde Market Size is currently developing and is likely to grow at an exponential rate in future years owing to its increasing acceptance in manufacturing fragrances. Benzaldehyde is a colorless liquid with a pleasant almond aroma and is the simplest form of organic compound prepared by the oxidation of benzal chloride or treating toluene with an alkali such as sodium hydroxide. It is also naturally found in several foods such as peach pits, apricots, almonds, and cherries.
As a result of rapid urbanization, the amount of agricultural land per person is drastically getting decreased. To increase the productivity of the lesser available land for more crop production, the demand for benzaldehyde market is likely to rise, as it is used in agrochemicals which in turn increases the land productivity. Global agrochemicals market in 2016 was valued at over USD 200 billion worldwide and will likely witness a substantial growth in coming years.
Product usage as a precursor in pharmaceuticals is expected to drive the global benzaldehyde market demand. Pharmaceutical industry is growing rapidly owing to new developments and inventions in medicines. Growing awareness about these developments and increasing affordability of the global population will enhance the product demand in pharmaceuticals. The worldwide revenue of the pharmaceutical industry in 2016 is estimated to be over USD 1 trillion.
The benzaldehyde market will also be driven by the growing demand in the aroma chemicals industry. Use of aroma chemicals in fragrances, flavors, and odorants in increasing owing to the rise in awareness of personal grooming and personal care. The aroma chemicals market in the U.S. is likely to grow around 5% CAGR from 2017 to 2024.
Request for customization of this report @
https://www.gminsights.com/roc/1391
Based on the product types, benzaldehyde market has been segmented into two sub categories. These are the technical grade and the FCC grade. The technical grade is an adaptable chemical used in the production of flavoring chemicals, perfumes, dyes and pharmaceuticals whereas, the FCC grade is majorly used for various fragrances in toiletries and soaps. The United States Food and Drug Administration (FDA) has authorized product usage as a synthetic flavoring agent that is generally recognized as safe (GRAS).
Top key players:
The major players operating in benzaldehyde market include Haihang Industries Co. Ltd, Gujarat Alkalies and Chemicals, Jiangsu Jiamai Chemical, Shijiazhuang Chemical Industry, Tokyo Chemical Industry, Jiangsu Jiujiu Jiu Technology, Lanxess, LCC, Emeralds Performance Materials, Chematek, Shimmer Chemicals, Lianyungang Taile Chemical, Kadillac Chemicals Pvt. Ltd, Merck KGaA, Wuhan Dico Chemical to name a few.
Market share calculation in this report is not done based on companies covered in it. The calculation of benzaldehyde market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Tel: 1-888-689-0688
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results