Benzaldehyde Market Set to Witness Impressive Growth as Stakeholders Invest in Technology

Benzaldehyde Market Set to Witness Impressive Growth as Stakeholders Invest in Technology

Benzaldehyde is the simplest aromatic aldehyde comprising of a benzene ring. It is colorless liquid at room temperature having an almond like odor. It is one of the pre-dominantly used aldehydes in the chemical industry for the manufacturing of a number of flavors & fragrances, pharmaceutical intermediates, and aniline dyes.

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The use of benzaldehyde for application in flavor & fragrances accounted for ~30% share in 2018, and the significant growth in demand for perfumes and aroma chemicals on the back of rapid consumer inclination towards personal grooming is likely to result in increased share during the forecast period. Moreover, the market for flavors and fragrances is anticipated to cross the US $30 Billion mark before 2025.

Rooted in food & beverages, the flavor industry has been undergoing significant transformations to deliver unique taste in various products and to expand its relevance in wider industries, thereby potentially raising the demand for benzaldehyde.

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In agrochemical industry, benzaldehyde is widely used as an intermediate in the manufacturing of pesticides such as Metamitron, Permethrin, and Fenvalerate, while it is used as a raw material in the production of Difenzoquat – a popular herbicide used to restrict the growth of wild oats in wheat & barley. Accounting for one-fifth of the total sales in 2018, the consumption of benzaldehyde by the agrochemical industry is forecast to register growth higher than that of the global average.

High application potential of benzaldehyde is also identified in pharmaceutical industry; a number of pharmaceutical intermediates such as phenylglycine, (pseudo) ephedrine, and anti-hypertensives are manufactured in the presence of benzaldehyde or uses benzaldehyde as a raw material. In recent years, the demand for benzaldehyde has increased for the production of pseudo ephedrine which is used as sinus decongestant & stimulating agent (higher doses). Additionally, the consumption of anti-hypertensives is expected to increase with the changing lifestyles, which would subsequently increase the demand for benzaldehyde.

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