Covid-19 Impact on Global Benzaldehyde Market Size, Status and Forecast 2021-2026

What is Benzaldehyde?

Benzaldehyde (C6H5CHO) is an organic compound consisting of a benzene ring with a formyl substituent. It is colorless liquid has a characteristic almond-like odor. Benzaldehyde is mainly classified into two types: FCC grade and technical grade. And technical grade is the most widely used type which takes up about 68.5% of the global total production in 2016. Benzaldehyde mainly made from toluene. Benzaldehyde is mainly used for pharmaceuticals, Spices chemicals, dye, etc.

Benzaldehyde Market Size

The global benzaldehyde average price is in the upward trend, from 2116 USD/MT in 2012 to 2191 USD/MT in 2016. The price will be in increase trend if more capacity goes into operation and price of the raw material keep stable, but the Labor costs and environmental costs have increased year by year. The benzaldehyde sales will reach about 117 MT in 2023, with the CAGR of 3.18%.

Benzaldehyde Market Share

Europe is the largest consumption region of benzaldehyde in the world in the past few years and it will keep the same position in the next few years. The China market took up about 28% the global market in 2016, followed by USA (16%) and India (8.8%). China USA and Europe are now the key producers of benzaldehyde. The total market is relatively concentrated, and few manufacturers occupied most of the market share. Emerald Performance Materials, Jiangsu Jiujiu Jiu Technology, Jiangsu Jiamai Chemical are the key producers in the global benzaldehyde market. Top six took up about 73% of the global revenue market in 2016. The potential of Spices chemicals, pharmaceuticals, agriculture and dye will drive the development of benzaldehyde industry

Covid-19 Impact On Benzaldehyde Market 

Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Benzaldehyde 3900 market in 2020. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future. This report also analyses the impact of Coronavirus COVID-19 on the Benzaldehyde 3900 industry. Based on our recent survey, we have several different scenarios about the Benzaldehyde 3900 YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ 233 million in 2019. The market size of Benzaldehyde 3900 will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Benzaldehyde market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Benzaldehyde market in terms of both revenue and volume.

Players, stakeholders, and other participants in the global Benzaldehyde market will be able to gain the upper hand as they use the report as a powerful resource. For this version of the report, the segmental analysis focuses on sales (volume), revenue and forecast by each application segment in terms of sales and revenue and forecast by each type segment in terms of revenue for the period 2015-2026.

Benzaldehyde Market Sales and Pricing Analysis

Readers are provided with deeper sales analysis and pricing analysis for the global Benzaldehyde market. As part of sales analysis, the report offers accurate statistics and figures for sales and revenue by region, by each type segment for the period 2015-2026.

In the pricing analysis section of the report, readers are provided with validated statistics and figures for the price by players and price by region for the period 2015-2020 and price by each type segment for the period 2015-2020.

Benzaldehyde Market Regional Analysis

The report offers an exhaustive geographical analysis of the global Benzaldehyde market, covering important regions, viz, North America, Europe, China and Japan. It also covers key countries (regions), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.

The report includes country-wise and region-wise market size for the period 2015-2026. It also includes market size and forecast by each application segment in terms of sales for the period 2015-2026.

Benzaldehyde Market Competition Analysis

In the competitive analysis section of the report, leading as well as prominent players of the global Benzaldehyde market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Benzaldehyde market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Benzaldehyde market.

Leading Manufacturers

• Emerald Performance Materials
• Lanxess
• Kadillac Chemicals
• Shimmer Chemicals
• Jiangsu Jiujiu Jiu Technology
• Jiangsu Jiamai Chemical
• Lianyungang Taile Chemical
• Wuhan Dico Chemical

By Type

• FCC Grade
• Technical Grade

By Application

• Spices
• Pharmaceuticals
• Agricultural
• Dye
• Other