Skip to main content

Benzaldehyde Derivatives Market: Flourishing Food and Beverage Industry Driving Demand, TMR

The global benzaldehyde derivatives market is moderately consolidated with three companies holding 51.3% shares in 2015, while the rest of the market is fragmented between a large numbers of domestic players. The three leading players in the global benzaldehyde derivatives market are Haihang Industry Co., Ltd., Emerald Performance Chemicals, and Gujarat Alkalies and Chemicals Ltd. There three players are focused on extending their geographical reach outside their headquarters and hence, several mergers and acquisition are expected in the near future. 

According to a recent publication by Transparency Market Research (TMR), the global benzaldehyde derivatives market was worth US$1.43 bn by the end of 2016, and is estimated to reach a valuation of US$2.14 bn by the end of 2024, rising at a CAGR of 5.1% during the forecast period of 2016 to 2024. The publication expects new players to make their presence felt during the forecast period, although the leading players will continue to add to their shares via aggressive expansion. 
Food and Beverage Industry Extending Demand for Benzoic Acid
By product, the report segments the global benzaldehyde derivatives market into cinnamic acid, sodium benzoate, benzoic acid, benzyl alcohol, and others. Among these, benzoic acid currently serves the maximum demand, owing to its application in the pharmaceutical industry, the food and beverage industry, and aromatic products. The benzoic acid segment accounted for UUS$778.2 mn in 2015, and is expected to increase strongly during the forecast period, which will be a reflection of the flourishing food and beverage industry. The segment of cinnamic acid is also anticipated to be fruitful, gaining demand for its applications in flavors and artificial sweeteners, manufacturing of specific drugs, and synthetic indigo dyes. 
Geographically, Asia Pacific accounted for nearly 60% of the market for benzaldehyde derivatives and is expected to remain the most lucrative region during the forecast period. This demand is a reflection of large consumption base in the countries such as China and India, and moderate regulatory framework as far as the food and chemical industries are concerned. Europe and North America market for benzaldehyde are anticipated to showcase sluggish growth rate due to maturity of the market and stringent regulatory policies. 
Request For Sample Of Benzaldehyde Derivatives Market: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18380
Pharmaceutical Industry Opening New Opportunities
With rising population across the world, the demand for food is at an all-time peak, and changing lifestyle of the urban population is only further fueling the demand for food, which are the primary drivers in the benzaldehyde derivatives market. These derivatives are also used by chemical, agrochemical, pharmaceutical, and solvent industries. Increasing demand for solvents for the production of resin, oil, cellulose acetate, cellulose ether, and nitrate is another driving factor of this market. Conversely, increasing concerns regarding to harmful effects of benzaldehyde derivatives is facing strict regulations in several countries and hindering the growth rate. Moreover, the availability of substitutes such as sorbic acid and propionic is also eating into the prosperity of this market. 
According to the author of the report, “The pharmaceutical industry presents significant among of untapped opportunities for the players in the benzaldehyde derivatives market, as it provides robust options for a number of drugs and pharma processes. Expanding market of cosmetics and solvents are other sectors that vendors can focus on in order to increment their demand. Moreover, some benzaldehyde derivatives have shown promise as anti-cancer agent, opening new research and development avenues for the manufacturers.” 
Key Segments of the Global Benzaldehyde 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

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 ...
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 proto...
Post a Comment
Read more