Global Benzaldehyde Market 2017-2021

Overview of the global benzaldehyde market

Research analysis on the global benzaldehyde market identifies that the rising demand for aroma chemicals will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of nearly 6% by 2021. The scent of benzaldehyde is powerful, penetrant, deeply sweet, and fruity like typical bitter almond. It is directly used in the manufacture of deodorants and is oxidized to form benzyl alcohol. Additionally, benzaldehyde is also used as a blender in perfumes, specially to offer floral fragrances and to produce various flavored chemicals such as cinnamaldehyde and cinnamic acid. The increase in awareness of personal grooming and personal care has led to the rise in the use of aroma chemicals in fragrances, flavors, and odorants. This in turn, will boost the demand for benzaldehyde in aroma chemicals.

In terms of geographic regions, APAC will be the major revenue generator of the benzaldehyde market throughout the forecast period. The growth of the agriculture industry and the increased consumption of beauty products, will drive the growth of the market in the region. Countries such as Japan, India, and China will be the major consumers of benzaldehyde in APAC.

Competitive landscape and key vendors  

The benzaldehyde market consists of numerous global and local vendors. The availability of a good distribution network and the application that vendors target are the major factors that drive the competitive environment of this market. The increasing demand for perfumes and deodorants ad the growth of the end-user industries including aroma chemicals, agrochemicals, and pharmaceuticals, will provide significant growth opportunites to the vendors in this marketspace.

The leading vendors in the market are ?

• Emerald Performance Materials
• GUANGZHOU SHINY
• Gujarat Alkalies and Chemicals
• LANXESS
• Merck

The other prominent vendors in the market are Haihang Industry, JIANGSU JIAMAI CHEMICAL, TCI AMERICA, JiangSu Bicon Pharmaceutical, Shimmer Chemicals, Lianyungang Taile Chemical Industry, and Kadillac Chemicals.

Segmentation by derivatives and analysis of the benzaldehyde market

• Benzoic acid
• Cinnamic acid
• Benzyl alcohol
• Sodium benzoate

During 2016, the benzoic acid  segment accounted for the major shares of the benzaldehyde market. Factors such as the rise in usage of benzoic acid in medical and food and cosmetics industries will contribute to the growth of this industry segment in the coming years.

Segmentation by application and analysis of the benzaldehyde market

• Aroma chemicals
• Agrochemicals
• Pharmaceuticals
• Dyes and coatings

Accordong to this market research report, the aroma chemicals segment will account for the maximum shares of the benzaldehyde market until 2021. The increasing use of benzaldehyde in the manufacture of deodorants and its usage in various perfumes as blenders to offer floral fragrances, will drive the growth of the market in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global benzaldehyde market?
• What are the key market trends impacting the growth of the global benzaldehyde market?
• What are the challenges to market growth?
• Who are the key vendors in the global benzaldehyde market?
• What are the market opportunities and threats faced by the vendors in the global benzaldehyde market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global benzaldehyde market?

Technavio also offers customization on reports based on specific client requirement.

Benzaldehyde is an organic compound that consists of a benzene ring with formyl substituent. It is a valuable organic compound and is a precursor for many organic synthesis reactions. This upcoming research report on the global benzaldehyde market offers insights into the major trends and forthcoming drivers influencing the growth of the chemicals and materials industry. Our reports for the chemicals and materials industry also follow a scrupulous data collection methodology and present an analysis of fast growing market segments like specialty chemicals.  

Moreover, to achieve higher accuracy, our industry experts implement an extensive research approach of quantitative and qualitative data collection methods and assess the changing demand-supply landscape of the specialty chemicals sector. The key advantage gained from the adoption of this approach is to build better statistical models and carry out an effective vendor analysis. By taking into account the market dynamism and size and the surging demand for multiple segments of the specialty chemicals sector, the market research professionals at Technavio present an all-inclusive picture of the benzaldehyde market from 2017 to 2021.

This forthcoming market research report on the benzaldehyde market also covers vendors like Exxon Mobil Corporation Ltd., Aerospace Lubricants Inc., and The Dow Chemical Company. Our industry analysts believe that the growing demand for benzaldehyde derivatives from food and beverage industry may influence the benzaldehyde market in the next few years. Furthermore, to present clients the scope to identify potential market opportunities and expand in niche markets, this market report on the benzaldehyde market also covers geographies like APAC, Europe, North America, and ROW.

The upcoming industry research report for the benzaldehyde market also categorizes the prominent drivers, key trends, along with the imminent restraints that the specialty chemicals sector currently experiences. This upcoming report on the benzaldehyde market also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the chemicals and materials industry. Technavio also offers in-depth market assessments into the sectors such as paints, coatings, and pigments and olefins.

Our market research methodology for the benzaldehyde market

Technavio also offers clients the possibility to customize every report to suit their specific requirements and offers attractive discounts on all forthcoming reports and future purchases.