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Aldehydes Market - Forecast (2022 - 2027)

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  • 132 Pages
  • April 2022
  • Region: Global
  • IndustryARC
  • ID: 5616398
The Global Aldehydes Market size is forecast to reach around $2,110 million by 2027, after growing at a CAGR of 7.2% during 2022-2027. Aldehydes are organic compounds containing a formic group. The surging uses of Aldehydes across various applications like medical, automobiles, agrochemicals, dyes, and food applications are driving the growth of Aldehydes market size during the forecast period. Whereas, the growing uses of aldehydes as medical disinfectants further drives the demand for Aldehydes during the forecast period. Furthermore, the growing demand of Aldehydes in the agriculture industry as a fertilizer is also driving the Aldehydes market growth during the forecast period.

Report Coverage

The report: “Global Aldehydes Market - Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Aldehydes Industry.
  • By Type: Acetaldehyde, Benzaldehyde, Butyraldehyde, Formaldehyde, Propionaldehyde, Tolualdehyde, and Others (Cinnamaldehyde, Vanillin, dialdehydes, Furfural).
  • By Application: Medical Disinfectants, Pharmaceutical, Plastic Additives, Dyes, Agrochemicals, Industrial Applications, and Others.
  • By Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

  • In the Latin America region, in 2019, Brazil is the major market for the aldehydes owing to a rise in the purchasing power of consumers and a rise in demand for surfactants across the country further drive the demand for Aldehydes.
  • Stringent government regulations and harmful effects on the human skin of Aldehydes acts as a hindrance to the overall market growth.
  • Unstable economic condition and Covid-19 outbreak may cause major hindrance to the overall market growth.

Global Aldehydes Market Segment Analysis - By Type

The formaldehyde segment holds the largest share of more than 30% in 2019 in the aldehydes market owing to the rising uses for the production of urea formaldehyde resins, phenol formaldehyde resins, and melamine formaldehyde. Furthermore, surging uses of melamine formaldehyde derivatives across various applications like adhesives, paints, electrical moldings, and glass reinforces substrates further drive the market growth. Moreover, formaldehyde is used as an intermediate in the production of industrial chemicals like bactericide and fungicide and as a medical disinfectant and antiseptic.

Global Aldehydes Market Segment Analysis - By Application

The agrochemical segment holds the largest share of more than 30% in the global market in 2019. Whereas, the growing uses of Aldehydes as germicide, fungicide, and insecticide for plants and vegetables. Furthermore, the surging consumption of urea formaldehyde resins in the agrochemical sectors as a pesticide further drive the market growth. Whereas, the growing focus to increase farming productivity to meet growing food demand further contribute to the market growth.

Global Aldehydes Market Segment Analysis - Geography

Among the regions, the APAC region holds the largest share of more than 45% in 2019 and is projected to witness the highest CAGR of around 8.5% in the global Aldehydes market followed by North America and Europe during the forecast period. The growing disposable income, rise in population, and growing uses of aldehydes as surfactants propels the growth of this market in the APAC region. In addition, an increase in the adoption of urea formaldehyde for application in new industrial verticals, and emerging economies such as China, India and others, will create new opportunities for the urea formaldehyde market.

Aldehydes Market Drivers

Growing demand for Buthylaldehyde across various industries

Buthylaldehyde is a 4-carbon aldehyde which is used for the processes of organic syntheses for the production of n-butanol, 2-ethylhexanol, 2-Ethylhexanoic acid, trimethylolpropane, and polyvinyl buthylal. Due to the varied applications of the downstream derivatives of butyraldehyde, the high demand from various end use industries is estimated to drive the market. Butyraldehyde is used as an intermediate catalyst for the manufacturing of alcohols, paints and lacquers and plant protection pesticides among others. It is also used as an intermediate to manufacture pharmaceuticals, agrochemicals, antioxidants, textile auxiliaries, perfumery, flavors and other types of additives. N-butyraldehyde is used as a primary raw material in the production of alcohols, acids, amines and esters. In addition, it is a key raw material for the production of films used in safety glass.

Aldehydes Market Challenges

The emergence of COVID-19 the Pandemic

The emergence of COVID-19, which is declared a pandemic by the World Health Organization, is having a noticeable impact on global economic growth. According to International Monetary Fund, the global GDP is expected to decline by 0.3% in 2020. According to World Trade Organization (WTO), global trade volumes are projected to decline between 13% and 32% in 2020 as a result of the economic impact of COVID-19. The pandemic is affecting operations of various industries such as agriculture, oil and gas, aerospace, and others, as most of the countries have issued “stay at home guidance”. Moreover, it is expected that the outbreak of COVID-19 will be seen in the whole year of 2020, and a few months in 2021. As, Aldehydes products are extensively used in these industries, the declining operations of these industries are directly affecting Aldehydes market growth.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Aldehydes market report. In 2019, the market of Aldehydes top 10 companies accounting for xx% of the share. Major players in the Aldehydes Market industry outlook are China National Petroleum Corporation, Sinopec Corporation, Sumitomo Corporation, UK Aromatics & Chemicals, Dynea AS (Dynea), Huntsman Corporation, Eastman Chemical Company, BASF SE, Celanese Corporation, Gujarat Alkalies and Chemicals Limited, Georgia Pacific Corporation, Simalin Chemicals Industries Limited, Ascent Finechem (P) Ltd, and Atul Ltd., among others.

Acquisitions/Technology Launches

  • In July 2018, Dynea AS (Dynea) announced the commencement of its latest Silver Formaldehyde Plant FASIL® license to SAMAC. SAMAC is a JV between SABIC and Mitsubishi Chemical Corporation. The plant located on the Ibn Sina site in Jubail, and will deliver a 55% formaldehyde solution for the manufacturing of MMA.

This product will be delivered within 2 business days.

Table of Contents

1. Aldehydes Market- Market Overview
1.1 Definitions and Scope
2. Aldehydes Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by Application
2.4 Key Trends by Geography
3. Aldehydes Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Aldehydes Market- Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Opportunities
4.4 Porters Five Force Model
4.4.1 Bargaining power of suppliers
4.4.2 Bargaining powers of buyers
4.4.3 Threat of new entrants
4.4.4 Rivalry among existing players
4.4.5 Threat of substitutes
5. Aldehydes Market-Strategic analysis
5.1 Value chain analysis
5.2 Opportunities analysis
5.3 Market life cycle
5.4 Suppliers and distributors Analysis
6. Aldehydes Market- By Type (Market Size - $Million)
6.1 Acetaldehyde
6.2 Benzaldehyde
6.3 Butyraldehyde
6.4 Formaldehyde
6.5 Propionaldehyde
6.6 Tolualdehyde
6.7 Others (Cinnamaldehyde, Vanillin, dialdehydes, Furfural)
7. Aldehydes Market- By Application (Market Size - $Million)
7.1 Medical Disinfectants
7.2 Pharmaceutical
7.3 Plastic Additives
7.4 Dyes
7.5 Agrochemicals
7.6 Industrial Applications
7.7 Others
8. Aldehydes Market- By Geography (Market Size - $Million)
8.1 North America
8.1.1 U.S.
8.1.2 Canada
8.1.3 Mexico
8.2 South America
8.2.1 Brazil
8.2.2 Argentina
8.2.3 Colombia
8.2.4 Rest of South America
8.3 Europe
8.3.1 U.K
8.3.2 Germany
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Netherlands
8.3.7 Russia
8.3.8 Rest of Europe
8.4 Asia-Pacific
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 Australia & New Zealand (ANZ)
8.4.5 South Korea
8.4.6 Rest of Asia-Pacific
8.5 ROW
8.5.1 Middle East Saudi Arabia UAE Israel Rest of Middle East
8.5.2 Africa South Africa Nigeria Rest of South Africa
9. Aldehydes Market- Entropy
9.1 New Product Launches
9.2 M&A’s, Collaborations, JVs and Partnerships
10. Aldehydes Market- Company Analysis
10.1 Market Share, Company Revenue, Products, M&A, Developments
10.2 Company 1
10.3 Company 2
10.4 Company 3
10.5 Company 4
10.6 Company 5
10.7 Company 6
10.8 Company 7
10.9 Company 8
10.10 Company 9
10.11 Company 10 and more