Global benzaldehyde derivatives market is expected to grow at a CAGR of 5.1% over the forecast period 2017 to 2023. Benzaldehyde derivatives are the compounds which are derived from one of the simplest forms of aldehyde, benzaldehyde. These derivatives are found both in natural and synthetic forms. Benzaldehyde is widely used in organic synthesis, where it is the raw material for a large number of products. The Global benzaldehyde derivatives market is expected to be primarily driven by factors such as rising demand for benzaldehyde derivatives, growing health concerns and threat of substitutes. However, the growth in Global benzaldehyde derivatives market is likely to be restrained by factors such as volatility in crude oil prices, and volatility in strict regulations. Benzaldehyde is widely used in organic synthesis, where it is the raw material for a large number of products.
The benzaldehyde derivatives market is segmented on the basis of product, application and region. The segmentation on the basis of product covers cinnamic acid, benzoic acid, benzyl alcohol, sodium benzoate and other. On the basis of application the market is segmented as agrochemicals, cosmetics, aroma chemicals, pharmaceuticals, dyes, and others.
Among the products benzoic acid is expected to be the largest market for benzaldehyde derivatives market over the forecast period 2017 to 2023. Furthermore cinnamic acid is expected to grow at the highest CAGR over the forecast period.
Figure: Global Benzaldehyde Derivatives Market by Region
The regions covered in the report include North America, Europe, Asia-Pacific, and Rest of the World. North America region covers the country markets such as U.S., Rest of North America (RoNA). Furthermore Europe includes the country markets such as Germany, U.K., France, Spain, and Rest of Europe. The Asia-Pacific region covers the analysis of countries such as China, Japan, India, Australia/New Zealand, and Rest of APAC.
The companies covered in the report include, Danyang Wanlong Chemical Co, Emerald Kalama Chemical, Gujarat Alkalies And Chemicals Limitet, Haihang Industry Co. Ltd., Kadillac Chemicals Pvt. Ltd., Lanxess, Merck Kgaa, Nantong Tianshi Chemical Co. Ltd., Shimmer Chemicals Pvt. Ltd., Taile Chemical Industry Co. Ltd.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand globally as well as regionally. Moreover, IGR- Growth Matrix Analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of benzaldehyde derivatives market. Further, the study highlights current market trends and provides forecast from 2017 to 2023. “We also have highlighted future trends in the benzaldehyde derivatives market that will impact the demand during the forecast period.
The IGR- Growth Matrix Analysis provided in this report highlights key investing markets in the world. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. The report also provides in depth analysis of impact of REACH policy (Registration, Evaluation and Authorization of Chemicals) adopted by the European Union on the benzaldehyde derivatives market over the period of 2017 to 2023. This section also provides crucial information on safety profiles of the chemicals in European Union.
The report also provides in depth analysis of regulatory framework pertaining to benzaldehyde derivatives market. This will help the companies to understand the regulatory compliances, supports, barriers in the benzaldehyde derivativesmarket. This section highlights key amendments and their implication on benzaldehyde derivatives market in the short run as well as in the long run.This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly.
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