ALBANY, New York, July 15, 2020
- The demand for benzaldehyde is gaining considerable momentum across various end-users such as agriculture, pharmaceuticals, and chemicals; this aspect may bring great growth opportunities for benzaldehyde market across the forecast period of 2019-2027
- Asia Pacific may emerge as a leading growth contributor for the benzaldehyde market owing to the growing demand in agriculture and increasing sales of beauty products
ALBANY, New York, July 15, 2020 /PRNewswire/ -- The use of benzaldehyde across various applications may bring considerable growth opportunities for the benzaldehyde market across the forecast period of 2019-2027. Furthermore, supportive government initiatives and mushrooming of numerous end-use industries may propel the growth rate of the benzaldehyde market.
The analysts at Transparency Market Research (TMR) predict that the global benzaldehyde market will expand at a steady CAGR of 3.60% across the forecast period of 2019-2027. The global benzaldehyde market was valued at US$ 268.4 mn in 2018 and is extrapolated to reach a valuation of US$ 368 mn by 2027 according to TMR analysts.
The use of benzaldehyde in agrochemicals and in the manufacturing of flavors, fragrances, and dyestuffs are bringing great growth opportunities for the benzaldehyde market. Escalating demand for grooming products across a large consumer base may bring growth for the benzaldehyde market across the forecast period.
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Benzaldehyde Market: Key Findings
Explore 117 pages of in-depth research, incisive insights, and detailed country-level projections. Analyze and discover the latest developments in the Benzaldehyde Market for Aroma Chemicals, Pharmaceuticals, Agriculture, Coatings and Other End-users - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/pressrelease/benzaldehyde-market.htm
Benzaldehyde Market: Promising Growth Factors
The extensive use of benzaldehyde across a plethora of endusers may bring great growth opportunities for the benzaldehyde market across the forecast period of 2019-2027.
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Benzaldehyde Market: From Geographical Perspective
The global benzaldehyde market is spread across Europe, the Middle East and Africa, Latin America, Asia Pacific, and North America. Asia Pacific is envisioned to serve as a prominent growth contributor for the benzaldehyde market across the forecast period of 2019-2027. It also held more than 50% of market share in 2018. Agriculture is one of the most flourishing occupations across various Asian countries. As benzaldehyde is used on a large scale for producing agrochemicals, Asia Pacific may garner good growth. The heightened sales of beauty products may also act as a robust growth pillar.
Analyze Benzaldehyde Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Benzaldehyde Market: Competitive Scenario and Prominent Participants
The entry of new players in the benzaldehyde market may increase the competition across the benzaldehyde market. Nevertheless, key players of the benzaldehyde market either acquire these new companies or enter into collaborations. This factor results in a win-win situation where the key players as well as the new player benefit equally.
Some well-entrenched players in the benzaldehyde market are Emerald Kalama Chemical, Jiangsu Jiamai Chemical Co Ltd, Lanxess, Kadillac Chemicals Pvt. Ltd, Shenyang Huijinfengda Chemical Co Ltd, and Lianyungang Taile Chemical Industry Co Ltd.
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Global Benzaldehyde Market: Segmentation
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