Skip to main content

Global Benzaldehyde Derivatives Market: Surge in Demand to Stem from Pharma Industry, predicts TMR

The top three manufacturers of benzaldehyde derivatives in 2015 were Emerald Performance Chemicals, Gujarat Alkalies and Chemicals Ltd., and Haihang Industry Co., Ltd. Their collective share of 51.3% in the market’s revenue for 2015 pointed to a moderately consolidated competitive landscape despite the presence of a massive number of local manufacturers. The key players in the market are showing strong intentions of exploring regions outside their headquarter regions in order to increase demand scale.

As stated in a publication on the global benzaldehyde derivatives market by Transparency Market Research, the degree of competition within the market is expected to remain moderately concentrated in key regions over the coming years. A lot of the key names in the market are already adopting aggressing expansion strategies to generate a greater share in the market. As for the newer players and possible entrants, the global benzaldehyde derivatives market looks to be a promising one with the huge customer pools available in nearly all regions, but are deterred by the high capital required to setup in the market. The global benzaldehyde derivative market is expected to be valued at US$1.43 bn by the end of 2016 and is likely to reach US$2.14 bn by the end of 2024, if the market can maintain a CAGR of 5.1 % in terms of revenue, within a forecast period from 2016 to 2024. 
Request For Sample Of Benzaldehyde Derivatives Market : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18380
Benzaldehyde Derivative Manufacturers Can Expect a Rounded Increase in Demand
“The end users of the global benzaldehyde derivatives market from the industries of chemicals, food and beverages, and agrochemicals are expected to be an inseparable part of the market’s growth rate over the coming years. Benzaldehyde derivatives find a massive scope of use in cosmetics, perfumes, and dyes, making them a highly sought-after chemical in the booming cosmetics markets around the world. The food and beverages industry is also upping its demand for benzaldehyde derivatives due to their high rate of use as a stabilizer and artificial sweetener. The use of cinnamic acid as a pesticide has become extremely popular due to its effectiveness on over 40 of the key crops growing around the world, further boosting the growth rate of the global benzaldehyde derivatives market,” states a TMR analyst.
Over the coming years, the global benzaldehyde derivatives market is expected to generate a high revenue stream from the pharmaceutical industry, where the use of benzaldehyde derivatives is finding greater scope in the manufacture of several drugs, including ephedrine HCL, D-alpha phenyl glycine, and benzyl amine. The pharma industry is also expected to further increase its demand for benzaldehyde derivatives through successful developments in the fields of biotechnology and biosciences. Additionally, some benzaldehyde derivatives are strongly linked to anti-cancer function in the human body and are therefore gaining a lot of attention from those angles.
Threat of Substitutes Looms Large over Global Benzaldehyde Derivatives Market
There are a large number of substitutes present against benzaldehyde derivatives, such as sodium nitrate, several sulfites, sorbic acid, and propionic acid in the chemicals industry. They perform similar functions and can be easily available in relation to the manufacture and distribution of benzaldehyde derivatives. The food and beverages industry can also look to strong substitutes such as potassium nitrate, erythorbic acid, and calcium ascorbate, further reducing the overall demand for benzaldehyde derivatives. The global benzaldehyde derivatives market is further threatened by the increasing health concerns over some types of benzaldehyde derivatives, such as benzoic acid, which when inhaled in large amounts can cause abnormal bodily functions.
“Manufacturers in the global benzaldehyde derivatives market could look to the pharmaceutical sector for a greater demand over the coming years, as these chemicals provide solid options for several drugs and pharma processes. Additionally, the growing markets for cosmetics, solvents, and dyes are also expected to generate sizeable opportunities in the global benzaldehyde derivatives market over the coming years,” adds the analyst.
Key segments of the Global Benzaldehyde Derivatives Market
Global Benzaldehyde Derivatives Market – Product Analysis
  • Cinnamic acid
  • Benzoic acid
  • Sodium benzoate
  • Benzyl alcohol
  • Others
The information presented in this review is based on a Transparency Market Research report, titled, “Benzaldehyde Derivatives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024.”
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid prototypi
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry Had
Post a Comment
Read more