Global Benzaldehyde Market Information-by Derivatives (Cinnamic Acid, Benzoic Acid, Sodium Benzoate, Benzyl Alcohol and others), by Process (Toluene Oxidation Process, and Toluene Chlorination Process) by Application (Dyes & Coatings, Pharmaceuticals, Aroma Chemicals, Agrochemicals, Food & Beverages and others) and by Region - Forecast to 2022

Pune, India -- (SBWire) -- 02/20/2018 --Benzaldehyde Market – Overview

The Benzaldehyde Market has grown immensely owing to its numerous contributions in various segments. Market Research Future, a firm which specializes in market reports related to the Chemicals and Materials sector among others, published in its recent report on Benzaldehyde Market Research Report- Forecast to 2022 that the sector will grow at a CAGR of 3.5 % from 2016 to 2022 while increasing its revenue generation to USD 282.7 million by the forecast period.

Diversity in the applications of Benzaldehyde have created a vast consumer base for this industry and is also contributing to the demand experienced by the sector. As it is a simple organic compound, it can be simply formulated or easily extracted from cherry stone and almond, which has further spurred the growth of the sector. The consumption of Benzaldehyde in the following sectors such as agrochemical industries, pharmaceutical and aroma chemicals sector has increased the scope of development of this industry. Benzaldehyde is part of the composition of deodorants and perfumes due to its pleasant smelling characteristics.

Benzaldehyde and its derivatives are also one of the key driving factors for this particular segment. The demand of the Benzaldehyde Market has also significantly risen following its intensive use in agriculture to increase the crop yield, as the amount of agriculture land available has significantly reduced in the recent years. The market growth may be hindered due to regulatory restraints, lack of R & D activities in this sector and volatility in the oil prices.

Latest Industry News:

Feb 2017 Agan Aroma and Fine Chemicals, a leading Israeli manufacturer of synthetic aroma chemical represents a new addition to the Zanos product portfolio, providing an additional selection of high-quality synthetic aroma ingredients to our customers. The possession of some complex technologies and handling capabilities enables Agan to produce some sophisticated products that make up a range of important molecules.

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April 2017 During the next three years, its business unit Advanced Industrial Intermediates will be investing some EUR 100 million in expanding production facilities for chemical intermediates. Around EUR 40 million each will be invested in the Leverkusen and Krefeld-Uerdingen sites in the federal state of North Rhine-Westphalia. At the Krefeld-Uerdingen site, the plan is to expand production facilities for trimethylolpropane, hexanediol, benzylalcohol and menthols to accommodate growing demand on global markets.

Sep 2017 Emerald Kalama Chemical completed start-up of its $40 million expansion at its Rotterdam, Netherlands site. The fully operational expansion increases Emerald's global capabilities, manufacturing flexibility and capacity for Purox B benzoic acid, Kalama benzaldehyde and many downstream products, such as Kalama hexyl cinnamic aldehyde (HCA) and Kalama amyl cinnamic aldehyde (ACA). The newly expanded facilities at Rotterdam are producing the highest purity grade of benzoic acid available on the market, with a minimum assay of 99.98%.The additional operations in Rotterdam support the company's strategic vision to sustain a world leadership position in benzoic acid, benzaldehyde and downstream products such as HCA.

Benzaldehyde Market – Competitive Analysis

With the entry of new industry players in the Benzaldehyde segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies.

The key players of Global Benzaldehyde Market are Emerald Performance Materials LLC, Gujarat Alkalies and Chemicals Limited, LANXESS AG, Kadillac Chemicals Pvt Ltd. Some of the other popular players in the segment are Jiangsu Jiamai Chemical Co. Ltd, Wuhan Dico Chemical Co. Ltd, Penta S.R.O, and Taj Pharmaceutical Limited,

Benzaldehyde Market – Segments

The market for Benzaldehyde is categorized on the basis of derivatives, production process, application and regions.

On The Basis Of Derivatives: Benzoic Acid, Sodium Benzoate, Benzyl Alcohol, Cinnamic Acid and Others .

On The Basis Of Production Process: Toluene Chlorination Process, Toluene Oxidation Process.

On The Basis Of Application: Aroma Chemicals, Pharmaceuticals, Agrochemicals, Food & Beverages, Dyes & Coatings and Others.

On The Basis Of Regions: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.

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Benzaldehyde Market – Regional Analysis

The Benzaldehyde Market is spanned across five key regions: Asia Pacific, North America, and Europe. Other regions include the Middle East & Africa, and Latin America.

Geographically, Asia-Pacific region dominates the Benzaldehyde Market both in terms of volume and value and is expected to grow significantly at a CAGRs of 3.3 % and 4.2 % respectively. Benzaldehyde Market is consolidated in the developed regions with limited number of manufacturers dominating the market, whereas, in the developing markets the market is fragmented with dominance of small manufacturers from the Asia-Pacific region. China is major revenue generating country due to growing end user industry and increase in consumption rate of chemicals by manufacturers. Europe, North America accounts for second and third market share in the Global Benzaldehyde Market.