Aldehydes Market by Product Type (Butyraldehyde, Acetaldehyde, Propionaldehyde, Formaldehyde, Benzaldehyde, Cinnamaldehyde, Vanillin, and Others (Retinaldehyde, Tolualdehyde and Furfural) by Application (Pharmaceuticals, Agrochemicals, Dyes, Medical Disinfectant, Plastic Addictive, Industrial Applications, and Others (styrene, cosmetics, food, and fragrance) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Aldehydes is an organic compound containing functional group called as formyl group, which has numerous applications in medical disinfectant and antiseptic, food and cosmetics among others. It is anhydrous salt, a form of sodium bicarbonate, also called as washing soda. There are numerous types of aldehydes available such as butyraldehyde, acetaldehyde, propionaldehyde, formaldehyde, benzaldehyde, and others. However, there quantities are produced according to application and utilization. In industrial applications, it is used as precursor to numerous chemicals such as alcohols, resins, and acids.

Aldehydes Market Dynamics

Formaldehyde is among the most common type of aldehydes and is widely used aldehydes across the globe. It is prominently used in the manufacturing of numerous types of resins such as melamine formaldehyde resins, urea formaldehyde resins, and others, which is driving the global aldehydes market growth. Moreover, formaldehyde is largely used in the downstream chemicals including 1, 4- butanediol. Owing to its other capabilities such as inhibition of bacteria and other microbes, the formaldehyde is used in as medical disinfectant and antiseptic.

Benzaldehyde is another common type of aldehyde widely used in production of chemicals such as acrydine dyes, styrene, and others. It is widely used to manufacture downstream chemicals including 2-ethylhexanol and n-butanol. Furthermore, acetaldehyde has its applications in plastic industry as plasticizer. It is used as paint binder in paints and coatings industry.

Excessive use of fertilizer such as urea across the globe is expected to propel demand for aldehyde. Urea formaldehyde is used as soil fertilizers in the agriculture industry. According to the World Bank, in 2015, fertilizer consumption increased to 94% from 89.9% in 2010.

However, some aldehyde are highly toxic, which could be harmful to environment and human beings, which in turn is expected to restrain growth of the market.

Regional Outlook

Asia Pacific is anticipated to hold the significant market share during the forecast period. The rising manufacturing sector coupled with the rising demand for urea from agriculture industry particularly from emerging economy such as India is expected to boost the aldehydes market growth. In manufacturing sector, aldehyde are widely used in alcohol, resins, and acids. According to the India’s Brand Equity Foundation (IBEF), in 2017, the market size of India’s manufacturing sector was US$ 347.18 billion, which increased from US$ 300.76 billion in 2012. Manufacturing sector includes automobile, drugs & pharmaceuticals, chemicals, textile, food processing, and others.

Key players in the Aldehydes Market

Key players operating in the market include Celanese Corporation, Georgia Pacific Corporation, BASF SE, Huntsman Corporation, Dynea Oy, Sumitomo, CNPC, Simalin Chemicals Industries Limited, Gujarat Alkalies and Chemicals Limited, and Sinopec.

Major players are adopting numerous strategies such as product launches, business expansions, mergers & acquisitions and partnerships & collaborations to gain strong foothold in the market. For instance, in 2018, Dynea announced completion of new facility named Silver Formaldehyde Plant in Jubail, KSA. The unit has capability to produce 105.00 metric ton annual capacity and is expected to deliver 55% of formaldehyde solution.

Aldehydes Market Taxonomy

The Aldehydes market is segmented into:

By Product Type

  • Butyraldehyde,
  • Acetaldehyde
  • Propionaldehyde
  • Formaldehyde
  • Benzaldehyde
  • Cinnamaldehyde
  • Vanillin
  • Others

By Application

  • Pharmaceuticals
  • Agrochemicals
  • Dyes
  • Medical Disinfectant
  • Plastic Addictive
  • Industrial Applications
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Latin America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
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Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
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  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
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Data Processing

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Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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