Description
Benzaldehyde is an organic aromatic chemical used in manufacturing of various chemicals, it is also used as an additive and flavouring agent in industries such as, food & beverages, and pharmaceutical industries. Benzaldehyde is one of the core raw material used in synthesis of various aroma chemicals, thus an augmented demand from the aroma chemical manufacturers across the globe is propelling the demand for benzaldehyde globally. Also, increasing use of benzaldehyde in the manufacturing of Agrochemicals such as, pesticides and herbicides is further surging the demand for benzaldehyde. Thus, the multibillion dollar Agrochemicals market with its steady growth is further adding value to the global benzaldehyde market. According to MRFR analysis, the global benzaldehyde market was valued at USD 241.4 million in 2015 and is expected to be valued at USD 301.0 million by the end of 2022, expanding at a CAGR of 3.2%. Based on the benzaldehyde derivatives, benzoic acid derivatives was the dominating segment and accounted for the largest market value share of 51.0% in 2015 as compared to other derivatives, owing to the increasing consumption of benzaldehyde in the synthesis of benzoic acid. On basis of application, Aroma Chemicals accounted for largest market share in 2015, it is anticipated to be the dominating application segment throughout the forecast period. However, the application segments dominance vary regionally, due to its scope of application in the end-use industries and the prominence of the end-use industries in the different regions.
1 Report Prologue
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions
2.2.3 Limitations
2.3 Markets Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Rise in demand among the aromatic chemical manufactures coupled with subsequent growth in aromatic chemical market
4.2.2 Rise in demand for benzaldehyde in pharmaceuticals market as an active pharmaceutical ingredient (API)
4.2.3 Regained stability of agriculture sector with subsequent rise in demand for agrochemicals along with rise in consumption in food & beverages
4.2.4 Rise in use of benzaldehyde in Dyes & Coatings Industry anticipated to augment demand
4.3 Restraints
4.3.1 Fluctuation in crude oil prices affecting the supply and demand leading to raw material price fluctuations
4.3.2 Market fragmentation leading to competitive pricing
4.4 Trends & Opportunities
4.4.1 Technological innovation for sustainable and economical production of benzaldehyde by reducing the effect on environment
4.4.2 Geographical expansion and joint ventures among pharmaceutical companies in the developing markets to offer lucrative opportunities for benzaldehyde manufacturers
4.5 Macroeconomic Indicators
4.5.1 Rise in disposable income coupled with increased spending on healthcare and personal care products
4.5.2 Increased spending on healthcare infrastructure in the emerging markets coupled with pharmaceutical industry expansion in developing regions
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Benzaldehyde Producers
5.1.3 Benzaldehyde Distributors
5.1.4 End User
5.2 Porter’s 5 Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Threat of Rivalry
5.2.3 Threat of Substitute
5.2.4 Bargaining Power of Supplier
5.2.5 Bargaining Power Of Buyer
6 Global Benzaldehyde Market, By Derivative
6.1 Introduction
6.2 Benzoic Acid
6.3 Sodium Benzoate
6.4 Benzyl Alcohol
6.5 Cinnamic Acid
6.6 Others
7 Global Benzaldehyde Market, By Process
7.1 Introduction
7.2 Toluene Oxidation Process
7.3 Toluene Chlorination Process
8 Global Benzaldehyde Market, By Application
8.1 Introduction
8.2 Aroma Chemicals
8.3 Pharmaceuticals
8.4 Agrochemicals
8.5 Food & Beverages
8.6 Dyes & Coatings
8.7 Others
9 Global Benzaldehyde Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Spain
9.3.5 Italy
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia-Pacific
9.5 Latin America
9.6 Middle East & Africa
10 Company Landscape
10.1 Introduction
10.2 Key Developments of major market players
11 Company Profile
11.1 Emerald Performance Materials, LLC
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 Gujarat Alkalies and Chemicals Limited
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 LANXESS
11.3.1 Company Overview
11.3.2 Product/Business Segement Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Wuhan Dico Chemical Co. Ltd.
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 Kadillac Chemicals Pvt. Ltd
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments
11.6 PENTA S.R.O.
11.6.1 Company Overview
11.6.2 Product/Business Segment Overview
11.6.3 Financial Updates
11.6.4 Key Developments
11.7 Taj Pharmaceutical Limited
11.7.1 Company Overview
11.7.2 PRODUCT/BUSINESS SEGMENT OVERVIEW
11.7.3 Financial Updates
11.7.4 Key Developments
11.8 Jiangsu Jiamai Chemical Co. Ltd.
11.8.1 Company Overview
11.8.2 Product/Business Segment Overview
11.8.3 Financial Updates
11.8.4 Key Developments
12 Conclusion
