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US Benzaldehyde Market

ID: MRFR/CnM/11849-CR
100 Pages
Garvit Vyas
December 2023

US Benzaldehyde Market Research Report Information By Derivatives (Benzoic Acid, Sodium Benzoate, Benzyl Alcohol, Cinnamic Acid, and Others), By Process (Toluene Oxidation Process, and Toluene Chlorination Process), By Application (Aroma Chemicals, Pharmaceuticals, Agrochemicals, Food & Beverages, Dyes & Coatings, and Others) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2035

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US Benzaldehyde Market Infographic
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US Benzaldehyde Market Summary

The US Benzaldehyde Market is projected to grow from 450 USD Million in 2024 to 750 USD Million by 2035.

Key Market Trends & Highlights

US Benzaldehyde Market Key Trends and Highlights

  • The market is expected to experience a compound annual growth rate (CAGR) of 4.75% from 2025 to 2035.
  • By 2035, the market valuation is anticipated to reach 750 USD Million, indicating robust growth potential.
  • In 2024, the market is valued at 450 USD Million, reflecting a solid foundation for future expansion.
  • Growing adoption of benzaldehyde in various applications due to its versatility is a major market driver.

Market Size & Forecast

2024 Market Size 450 (USD Million)
2035 Market Size 750 (USD Million)
CAGR (2025 - 2035) 4.75%

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Meta Platforms Inc (US), Tesla Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Key Companies in the US Benzaldehyde Market market include

Report Scope

Report Attribute/Metric Details
Market Size 2021 USD 1.06 billion
Market Size 2022 USD 1.09 billion
Market Size 2030 USD 1.66 billion
Compound Annual Growth Rate (CAGR) 5.41 % (2022-2030)
Base Year 2021
Forecast Period 2022-2030
Historical Data 2019 & 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered End-Use Industry, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, Latin America, and MEA
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Ganesh Benzoplast Limited (India), Tianjin Dongda Chemical Group Co. Ltd. (China), Choice Organochem LLP (India), Spectrum Chemical Manufacturing Corp. (U.S.), Hemadri Chemicals (India), Emerald Performance Materials (U.S.), Wuhan YouJi Industries Company Limited (China), Alfa Aesar, Thermo Fisher Scientific (U.S.), Avantor (U.S.), MP Biomedicals LLC (U.S.)
Key Market Opportunities Increasing changes in the lifestyle of communities due to regional advancement, urbanization, and capacity expansions
Key Market Dynamics Growing requirement of benzoic acid in the food and beverage industry Increasing focus on healthy living and eating Current urbanization and economic development

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FAQs

What is the projected market size of the US Benzaldehyde Market by 2035?

By 2035, the US Benzaldehyde Market is expected to be valued at 67.5 million USD.

What was the market size of the US Benzaldehyde Market in 2024?

In 2024, the US Benzaldehyde Market is estimated to be valued at 48.5 million USD.

What is the expected compound annual growth rate (CAGR) for the US Benzaldehyde Market from 2025 to 2035?

The expected CAGR for the US Benzaldehyde Market from 2025 to 2035 is 3.051 percent.

Which segment of benzaldehyde derivatives had the highest value in 2024?

In 2024, the benzaldehyde derivative segment of Benzoic Acid was valued at 15.0 million USD.

What is the expected market value of Sodium Benzoate in the US Benzaldehyde Market by 2035?

By 2035, the market value of Sodium Benzoate is expected to reach 14.5 million USD.

What key players are dominating the US Benzaldehyde Market?

Major players in the US Benzaldehyde Market include BASF, DOW, Eastman Chemical, and Merck KGaA.

What are the market size expectations for Benzyl Alcohol by 2035?

By 2035, the market size for Benzyl Alcohol is expected to be 16.0 million USD.

Which derivative is projected to show growth from 8.5 million USD in 2024 to 11.5 million USD by 2035?

The Cinnamic Acid derivative is projected to grow from 8.5 million USD in 2024 to 11.5 million USD by 2035.

What challenges might the US Benzaldehyde Market face in the upcoming years?

The US Benzaldehyde Market might face challenges related to fluctuating raw material prices and regulatory changes.

What opportunities exist in the US Benzaldehyde Market for new entrants?

Opportunities in the US Benzaldehyde Market may arise from growing demand for sustainable chemicals and innovative applications.

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