DUBLIN, October 6, 2017 /PRNewswire/ --
The "Global Benzaldehyde Market 2017-2021" report has been added to Research and Markets' offering.
The global benzaldehyde market to grow at a CAGR of 5.75% during the period 2017-2021.
Global Benzaldehyde Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is Growing demand for aroma chemicals. The odor of benzaldehyde is powerful, penetrant, intensely sweet, and fruity like typical bitter almond. It smells like cherry syrup. It is directly used in the manufacturing of deodorants and perfumes. Along with this, it is also oxidized to form benzyl alcohol, which is mild and oily when compared with benzaldehyde. It is further used as a blender in perfumes, especially to provide floral fragrances. Benzaldehyde is also being used to produce various flavored chemicals such as cinnamaldehyde and cinnamic acid.
The latest trend gaining momentum in the market is Increasing use of derivatives in organic chemistry. The benzaldehyde derivatives are manufactured from benzaldehyde. Thus, the growth of the global benzaldehyde market is directly related to the rising demand for its derivatives.
It is expected that the demand for benzaldehyde derivatives will grow at a CAGR of around 5.36% during the forecast period. The rise in demand from APAC and EMEA is expected to be high for benzaldehyde derivatives. Along with this, it is also expected that because of the high demand for solvents in the production of oils, resins and other compounds, the demand for benzaldehyde derivatives will increase.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in crude oil prices. In the last decade, it has been noticed that crude oil prices have been fluctuating. If prices for crude oil decline, the number of contract for energy derivatives such as benzaldehyde increases. However, it will reduce the value-based revenue heavily. Till 2016, the Organization of Petroleum Exporting Countries (OPEC) did not curtail oil production, which resulted in oversupply and decrease in oil prices. Along with this, the demand for oil also decreased, which created a mismatch between the supply and the demand.
Other prominent vendors
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Derivatives
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/ggf49p/global
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