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Benzaldehyde Market Players Contribute Majorly towards Innovative Trends during 2019 to 2029

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Steve Blade
Benzaldehyde Market Players Contribute Majorly towards Innovative Trends during 2019 to 2029

The global benzaldehyde market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each benzaldehyde market player in a comprehensive way. Further, the benzaldehyde market trends analysis report emphasizes the adoption pattern of the benzaldehyde across various industries.

Benzaldehyde is predominantly used as aromatic aldehyde in the manufacturing of a number flavors & fragrances, pharmaceutical intermediates, and agrochemicals. In the past few decades, there has been an increase in the production capacities of benzaldehyde and operating rates have been hovering around 70%. Rising consumer awareness in the use of halogen free compounds and stricter regulations have compelled key stakeholders to develop production routes for chlorine-free benzaldehyde. According to the Fact.MR’s new study, the global benzaldehyde market is expected to attain a CAGR of ~ 4.5% during the period, 2019 -2029.

The benzaldehyde market report highlights the following players:

  • Emerald Performance Materials
  • Valtris Specialty Chemicals
  • Hubei Kelin Bolun New Materials Co., Ltd.
  • Gujarat Alkalies & Chemicals Ltd.
  • Others

The benzaldehyde market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

According to the World Health Organization, over 7.5 million deaths are caused due to elevated blood pressures and around 40% of people world-wide suffer from hypertension. The increase in the health care spending by the consumers and intense focus towards patient centric policies are likely to boost the use of benzaldehyde in the manufacturing of anti-hypertensives.

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Asia: The Most Promising Region for the Benzaldehyde Market

Accounting for more than half of the total global sales, Asia remains in the vanguard of benzaldehyde market. Besides, it has large production capacities spread across India & China. South Korea is one of the leading importers of benzaldehyde in the region, with imports ranging around 4,000 tons per annum mostly from India. Europe remains a key market and a major exporter of benzaldehyde, with majority of the exports originating from Belgium and Netherlands. While the market is reaching a maturity level in Western Europe, emerging demand from Central & Eastern European countries is forecast to open new avenues of growth for the manufacturers.

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