According to a new market report published by Lucintel, the future of the benzaldehyde market looks promising with opportunities in dyes and coatings, pharmaceuticals, aroma chemicals, agrochemicals, food and beverage, and others. The global benzaldehyde market is expected to grow with a CAGR of 3.5% from 2020 to 2025. The major drivers for this market are increasing demand for socio-economic development across the emerging economies, and in agricultural (agrochemicals) applications.
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In this market, technical grade, and FCC grade are the major product types. Lucintel forecasts that technical grade will remain the largest segment over the forecast period because of the variety of flavored chemicals and odorants manufactured, which, is a significant growth attribute for the market.
Within this market, dyes and coatings, pharmaceuticals, aroma chemicals, agrochemicals, food and beverages, and others are the major applications of benzaldehyde. Agriculture and aroma chemicals will remain the largest segment by application type over the forecast period due to increased consumer demand for unique product properties, such as artificial almond and cherry flavors, the aroma chemical segment will witness significant growth. Whereas, in the manufacture of fragrances and flavors such as cinnamaldehyde and cinnamic acid, it is used as a primary element and thus, enhances the benzaldehyde market demand.
Asia-Pacific is expected to witness the highest growth over the forecast period due to increasing population and rising disposable income in this region.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global benzaldehyde market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Benzaldehyde Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global benzaldehyde market by product type, process, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Technical Grade
FCC Grade
By Process [Value ($ Million) shipment analysis for 2014 – 2025]:
Toluene Oxidation Process
Toluene Chlorination Process
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Dyes & Coatings
Pharmaceuticals
Aroma Chemicals
Agrochemicals
Food & Beverages
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
Germany
United Kingdom
France
Italy
Spain
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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