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Global Benzaldehyde Market 2017-2021

About Benzaldehyde

Benzaldehyde is mainly used as a precursor in various industries to produce products such as plastic additives, dyes, coatings, pharmaceuticals, aroma chemicals, and agrochemicals. Benzaldehyde is produced by various ways such as by chlorination and oxidization of toluene. Other methods of its production include the oxidation of benzyl alcohol, the carbonylation of benzene, and much more.

Technavio’s analysts forecast the global benzaldehyde market to grow at a CAGR of 5.75% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global benzaldehyde market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • North America
  • APAC
  • Europe
  • ROW
Technavio's report, Global Benzaldehyde Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Emerald Performance Materials
  • GUANGZHOU SHINY
  • Gujarat Alkalies and Chemicals
  • LANXESS
  • Merck
Other prominent vendors
  • Haihang Industry
  • JIANGSU JIAMAI CHEMICAL
  • TCI AMERICA
  • JiangSu Bicon Pharmaceutical
  • Shimmer Chemicals
  • Lianyungang Taile Chemical Industry
  • Kadillac Chemicals
Market driver
  • Growing demand for aroma chemicals
  • For a full, detailed list, view our report
Market challenge
  • Fluctuations in crude oil prices
  • For a full, detailed list, view our report
Market trend
  • Increasing use of derivatives in organic chemistry
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Benzaldehyde Market 2017-2021

Technavio recognizes the following companies as the key players in the global benzaldehyde market: Emerald Performance Materials, GUANGZHOU SHINY, Gujarat Alkalies and Chemicals, LANXESS, and Merck.

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.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing use of derivatives in organic chemistry. The benzaldehyde derivatives are manufactured from benzaldehyde. Thus, the growth of the global benzaldehyde market is directly related to the rising demand for its derivatives. It is expected that the demand for benzaldehyde derivatives will grow at a CAGR of around 5.36% during the forecast period. The rise in demand from APAC and EMEA is expected to be high for benzaldehyde derivatives. Along with this, it is also expected that because of the high demand for solvents in the production of oils, resins and other compounds, the demand for benzaldehyde derivatives will increase.”

According to the report, one of the major drivers for this market is Growing demand for aroma chemicals. The odor of benzaldehyde is powerful, penetrant, intensely sweet, and fruity like typical bitter almond. It smells like cherry syrup. It is directly used in the manufacturing of deodorants and perfumes. Along with this, it is also oxidized to form benzyl alcohol, which is mild and oily when compared with benzaldehyde. It is further used as a blender in perfumes, especially to provide floral fragrances. Benzaldehyde is also being used to produce various flavored chemicals such as cinnamaldehyde and cinnamic acid.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in crude oil prices. In the last decade, it has been noticed that crude oil prices have been fluctuating. If prices for crude oil decline, the number of contract for energy derivatives such as benzaldehyde increases. However, it will reduce the value-based revenue heavily. Till 2016, the Organization of Petroleum Exporting Countries (OPEC) did not curtail oil production, which resulted in oversupply and decrease in oil prices. Along with this, the demand for oil also decreased, which created a mismatch between the supply and the demand.

Companies Mentioned

Emerald Performance Materials, GUANGZHOU SHINY, Gujarat Alkalies and Chemicals, LANXESS, Merck, Haihang Industry, JIANGSU JIAMAI CHEMICAL, TCI AMERICA, JiangSu Bicon Pharmaceutical, Shimmer Chemicals, Lianyungang Taile Chemical Industry, and Kadillac Chemicals.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Chemical structure for aldehyde and formaldehyde
  • Market landscape
    • Market overview
      • Table Segmentation of global benzaldehyde market
    • Global benzaldehyde market
      • Table Global benzaldehyde market 2016 and 2021 ($ millions)
      • Table Forecast: Global benzaldehyde market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by derivatives
    • Global benzaldehyde market by derivatives
      • Table Global benzaldehyde market by derivatives 2016
      • Table Global benzaldehyde market by derivatives 2021
      • Table Global benzaldehyde market by derivatives 2016-2021
    • Global benzoic acid market
      • Table Global benzoic acid market 2016 and 2021 ($ millions)
      • Table Forecast: Global benzoic acid market 2016-2021
    • Global cinnamic acid market
      • Table Global cinnamic acid market 2016 and 2021 ($ millions)
      • Table Forecast: Global cinnamic acid market 2016-2021
    • Global benzyl alcohol market
      • Table Global benzyl alcohol market 2016 and 2021 ($ millions)
      • Table Forecast: Global benzyl alcohol market 2016-2021
    • Global sodium benzoate market
      • Table Global sodium benzoate market 2016 and 2021 ($ millions)
      • Table Forecast: Global sodium benzoate market 2016-2021
    • Global benzaldehyde market for other derivatives
      • Table Global benzaldehyde market for other derivatives 2016 and 2021 ($ millions)
      • Table Forecast: Global benzaldehyde market for other derivatives 2016-2021
  • Market segmentation by application
    • Global benzaldehyde market by applications
      • Table Global benzaldehyde market by applications 2016
      • Table Global benzaldehyde market by applications 2021
      • Table Global benzaldehyde market by applications 2026-2021
    • Global benzaldehyde market for aroma chemicals
      • Table Global benzaldehyde market for aroma chemicals 2016 and 2021 ($ millions)
      • Table Forecast: Global benzaldehyde market for aroma chemicals 2016-2021
    • Global benzaldehyde market for agrochemicals
      • Table Global benzaldehyde market for agrochemicals 2016 and 2021 ($ millions)
      • Table Global benzaldehyde market for agrochemicals 2016-2021
    • Global benzaldehyde market for pharmaceuticals
      • Table Global benzaldehyde market for pharmaceuticals 2016 and 2021 ($ millions)
      • Table Forecast: Global benzaldehyde market for pharmaceuticals 2016-2021
    • Global benzaldehyde market for dyes and coatings
      • Table Global benzaldehyde market for dyes and coatings 2016 and 2021 ($ millions)
      • Table Forecast: Global benzaldehyde market for dyes and coatings 2016-2021
    • Global benzaldehyde market for other applications
      • Table Global benzaldehyde market for other applications 2016 and 2021 ($ millions)
      • Table Forecast: Global benzaldehyde market for other applications 2016-2021
  • Geographical segmentation
    • Global benzaldehyde market by geography
      • Table Global benzaldehyde market by geography 2016
      • Table Global benzaldehyde market by geography 2021
      • Table Global benzaldehyde market by geography 2016-2021
    • Benzaldehyde market in APAC
      • Table Benzaldehyde market in APAC 2016 and 2021 ($ millions)
      • Table Forecast: Benzaldehyde market in APAC 2016-2021
    • Benzaldehyde market in North America
      • Table Benzaldehyde market in North America 2016 and 2021 ($ millions)
      • Table Forecast: Benzaldehyde market in North America 2016-2021
    • Benzaldehyde market in Europe
      • Table Benzaldehyde market in Europe 2016 and 2021 ($ millions)
      • Table Forecast: Benzaldehyde market in Europe 2016-2021
    • Benzaldehyde market in ROW
      • Table Benzaldehyde market in ROW 2016 and 2021 ($ millions)
      • Table Forecast: Benzaldehyde market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing use of derivatives in organic chemistry
    • Increasing use of dyes and coatings
    • Rising demand for pesticides and herbicides
  • Vendor landscape
    • Competitive scenario
    • Key vendors in global benzaldehyde market
      • Table Key vendors in global benzaldehyde market 2016
    • Other prominent vendors
  • Key vendor analysis
    • Emerald Performance Materials
      • Table Emerald Performance Materials: Products
      • Table Emerald Performance Materials: Applications
    • GUANGZHOU SHINY
      • Table GUANGZHOU SHINY: Product segmentation
    • Gujarat Alkalies and Chemicals
      • Table Gujarat Alkalies and Chemicals: Product group segmentation
      • Table Gujarat Alkalies and Chemicals: Segmentation of special chloride derivatives group by sales 2016
    • LANXESS
      • Table LANXESS: Business segmentation by revenue 2016
      • Table LANXESS: Geographic segmentation by revenue 2016
    • Merck
      • Table Merck: Business segmentation by revenue 2016
      • Table Merck: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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