Aldehydes Market - Global Opportunity Analysis & Industry Forecast, 2024-2032.
Aldehydes Market Overview
Aldehydes Market size is forecast to reach around $2,110 million by 2032, after growing at a CAGR of 7.2% during 2024-2032. 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, 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: “Aldehydes Market – Forecast (2024-2032)”, by IndustryARC™ try 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
Recommended by LinkedIn
Purchase Report Now @ https://bit.ly/3UUCdVx
Aldehydes Market Challenges
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 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 is 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 is 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