Benzaldehyde Market Report 2025 (Global Edition)

Global Benzaldehyde Market Report 2025 Market Size Split by Grade (FCC Grade, Technical Grade), by Derivatives (Cinnamic Acid, Benzoic Acid, Sodium Benzoate, Benzyl Alcohol, Others), by Application (A...

Benzaldehyde Market Report Description

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Benzaldehyde Market Insights Video

Competitive Landscape of the Benzaldehyde Market

The benzaldehyde market is competitive, with established competitors and emerging companies vying for innovation and market dominance. Major manufacturers concentrate on improving production efficiency, diversifying product ranges, and guaranteeing regulatory compliance. BASF SE, Merck KGaA, and Emerald Kalama Chemical are among the key players, all of which use sophisticated technologies and sustainable methods. Strategic alliances, mergers, and acquisitions are frequent strategies used by businesses to increase their market position and diversify their offers. Furthermore, increased competition from alternative flavoring agents and chemical usage rules encourages companies to spend on R&D, highlighting the importance of product quality and safety.

In July 2022, NTPC RE Limited (NTPC REL) signed a Memorandum of Understanding (MoU) with Gujarat Alkalies and Chemicals Limited (GACL) in New Delhi to advance green energy and green hydrogen goals, as well as the Government of India's efforts to achieve a carbon-neutral economy. The MoU was signed by Shri Harshad R Patel, Managing Director of GACL, and Shri Mohit Bhargava, CEO of NTPC REL. (Source: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1839629 ) In May 2022, H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $49 billion in equity capital under management, is pleased to announce that it signed an agreement to sell its portfolio company Valtris Specialty Chemicals (the "Company" or "Valtris") to an affiliate of funds managed by SK Capital Partners ("SK Capital"). (Source: https://www.businesswire.com/news/home/20220512005197/en/H.I.G.-Capital-Enters-Into-Agreement-to-Sell-Valtris-Specialty-Chemicals ) In August 2022, The New York-based private investment firm SK Capital announced that its affiliates have finalized the acquisition of Valtris Specialty Chemicals from H.I.G. Capital. Valtris was founded in late 2014 when H.I.G., a portfolio business of a private equity investment group, purchased Ferro Corp.'s Polymer Additives Division. (Source: https://www.ptonline.com/news/sk-capital-acquires-valtris-specialty-chemicals )

Top Companies Market Share in Benzaldehyde Industry: (In no particular order of Rank)

• LANXESS
• Valtris Specialty Chemicals
• Hubei Kelin Bolun New Materials Co.
• Ltd;
• Lihai Chemical Industry Co.
• Ltd;
• Gujarat Alkalies & Chemicals Ltd;
• KLJ Group
• Kadillac Chemicals Pvt. Ltd;
• Wuhan Dico Chemical Co.
• Ltd
• Axxence Aromatic GmbH
• Shimmer Chemicals Pvt. Ltd.
• Elan Chemical Co Inc.
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Benzaldehyde Market

Which Region Dominates the Benzaldehyde Market in 2024?

According to Cognitive Market Research, North America currently dominates the Benzaldehyde market, and the region is expected to have significant growth during the projected period. The food industry is well developed, demand for benzaldehyde is increasing in North America. Its almond-like fragrance and flavor are making it one of the highly sought-after components in different food items in the country.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). Raw materials used for the production of benzaldehyde are readily available in the region and to complement this potential exists an advanced infrastructure for manufacturing.

The current report Scope analyzes Benzaldehyde Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Benzaldehyde Market Analysis

According to Cognitive Market Research, the global Benzaldehyde Market size was estimated at USD 235.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 94.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4%from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Benzaldehyde Market with a market size of USD 74.32 million in 2024 and is projected to grow at a CAGR of 2.2% during the forecast period. The U.S. market's expanding food processing industry.
• The Canada Benzaldehyde Market had a market share of USD 11.30 million in 2024 and is projected to grow at a CAGR of 3.2% during the forecast period. Canada’s rising convenience foods and beverages.
• The Mexico Benzaldehyde Market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 8.57 million in 2024.

Europe Benzaldehyde Market Analysis

According to Cognitive Market Research, the global Benzaldehyde Market size was estimated at USD 235.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 70.65 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.

• The United Kingdom Benzaldehyde Market had a market share of USD 11.87 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. In the UK, Benzaldehyde sales witness an upswing due to the increasing focus on environmental sustainability.
• The France Benzaldehyde Market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 6.50 million in 2024.
• According to Cognitive Market Research, the German Benzaldehyde Market size was valued at USD 13.99 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In Germany, Benzaldehyde surged due to the Increased focus of the manufacturers and major market players.
• The Italy Benzaldehyde Market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 6.08 million in 2024.
• The Russia Benzaldehyde Market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD 10.95 million in 2024.
• The Spain Benzaldehyde Market is projected to witness growth at a CAGR of 1.8% during the forecast period with a market size of USD 5.79 million in 2024
• The Luxembourg Benzaldehyde Market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 2.19 million in 2024.
• The Portugal Benzaldehyde Market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD 1.48 million in 2024.
• The Greece Benzaldehyde Market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 0.85 million in 2024.
• The Rest of Europe's Benzaldehyde Market is projected to witness growth at a CAGR of 1.4% during the forecast period, with a market size of USD 10.95 million in 2024.

Asia Pacific Benzaldehyde Market Analysis

According to Cognitive Market Research, the global Benzaldehyde Market size was estimated at USD 235.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 54.17 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

• According to Cognitive Market Research, the China Benzaldehyde Market size was valued at USD 24.37 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. Benzaldehyde surged in China due to Increased focus of the manufacturers and major market players.
• The Japan Benzaldehyde Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 7.47 million in 2024.
• The India Benzaldehyde Market had a market share of USD 6.50 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. India's cosmetics and personal care industry.
• The South Korean Benzaldehyde Market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 5.42 million in 2024.
• The Australian Benzaldehyde Market is projected to witness growth at a CAGR of 5.9% during the forecast period, with a market size of USD 2.82 million in 2024.
• The South East Asia Benzaldehyde Market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 3.74 million in 2024.
• The Rest of Asia Pacific Benzaldehyde Market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 3.85 million in 2024.

South America Benzaldehyde Market Analysis

According to Cognitive Market Research, the global Benzaldehyde Market size was estimated at USD 235.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 11.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.6% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Benzaldehyde Market size was valued at USD 5.04 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period. Benzaldehyde flourished in Brazil due to increasing demands of global food supply chains.
• Argentina's Benzaldehyde Market had a market share of USD 1.98 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Argentina's rising about personal grooming.
• Colombia Benzaldehyde Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 1.05 million in 2024.
• Peru Benzaldehyde Market is projected to witness growth at a CAGR of 3.8% during the forecast period, with a market size of USD 0.97 million in 2024.
• Chile Benzaldehyde Market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 0.85 million in 2024.
• The Rest of Latin America's Benzaldehyde Market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD 1.90 million in 2024.

Middle East Benzaldehyde Market Analysis

According to Cognitive Market Research, the global Benzaldehyde Market size was estimated at USD 235.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 4.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.

• The GCC Countries Benzaldehyde Market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 2.02 million in 2024. Benzaldehyde sales flourish due to the presence of major market players.
• The Egypt Benzaldehyde Market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 0.49 million in 2024.
• The South Africa Benzaldehyde Market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 0.74 million in 2024. Benzaldehyde sales flourished in South Africa due to increasing demand.
• The Turkey Benzaldehyde Market is projected to witness growth at a CAGR of 3.4% during the forecast period, with a market size of USD 0.41 million in 2024.
• The Nigeria Benzaldehyde Market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD 0.49 million in 2024.
• The Rest of the MEA Benzaldehyde Market is projected to witness growth at a CAGR of 2.9% during the forecast period, with a market size of USD 0.56 million in 2024.

Benzaldehyde Market Analysis

Benzaldehyde Market Grade Segment Analysis

According to Cognitive Market Research, FCC Grade is likely to dominate the Benzaldehyde Market over the forecast period. The Food Chemicals Codex (FCC) grade benzaldehyde is in great demand, particularly in the food and beverage industry. Its use as a flavoring agent, notably for almond and cherry flavors, makes it an essential component in baked goods, confectioneries, and beverages. As customers look for more natural and high-quality flavor enhancers, the need for FCC-grade benzaldehyde, which fulfills strict food safety standards, has increased. Furthermore, the growing trend towards clean-label products drives up demand.

The Technical Grade is the fastest-growing segment in the Benzaldehyde Market. Technical-grade benzaldehyde is widely used in industrial applications such as agrochemicals, dyes, and certain resins. It is commonly utilized in the production of cinnamic acid, which is required for a variety of industrial operations. The chemical's versatility makes it a popular choice for technical-grade applications where high purity is not required. As industrial operations and manufacturing processes expand, particularly in emerging economies, the demand for technical-grade benzaldehyde increases.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Benzaldehyde Industry. Request a Free Sample PDF!

Benzaldehyde Market Derivatives Segment Analysis

According to Cognitive Market Research, The Benzyl Alcohol segment holds the largest market share. Benzyl alcohol, which is generated from benzaldehyde, is an important chemical in many sectors, including pharmaceuticals, cosmetics, and paints. Its popularity is increasing due to its usage as a solvent in injectable medications, a preservative in cosmetic formulations, and a component in industrial coatings. The expanding pharmaceutical sector, driven by increased healthcare requirements, particularly in developing countries, is a major contributor to the growing demand for benzyl alcohol.

In the Benzaldehyde Market, the rapidly growing sector is the Sodium Benzoate category. As customer demand for convenient and long-lasting food products develops, so does the need for effective preservatives such as sodium benzoate. Furthermore, its use in medicines as a preservative for liquid treatments boosts market demand. With tight food safety laws, sodium benzoate's reputation as a dependable preservative increases its market position.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Benzaldehyde Application Segment Analysis

Benzaldehyde Market Application Segment Analysis

According to Cognitive Market Research, the Food & Beverages segment holds the largest share of the market. In the food and beverage business, benzaldehyde is an important flavoring chemical that adds almond-like and fruity overtones to a variety of goods. The growing desire for natural flavorings, as well as the increased demand for artisanal and luxury food items, are driving the need for benzaldehyde. It is commonly used in baked goods, confectioneries, drinks, and dairy items to improve flavor characteristics. Additionally, the trend toward cleaner, more transparent labeling has increased demand for benzaldehyde, particularly in items advertised as natural or organic.

In the Benzaldehyde Market, the Pharmaceuticals has been expanding at a rapid pace. Benzaldehyde is an important step in the pharmaceutical industry's manufacture of active pharmaceutical ingredients (APIs). Its popularity stems from its use in the production of several therapeutic chemicals, including certain sedatives and antiseptics. The continued expansion of the pharmaceutical sector, combined with expanding worldwide healthcare demands, particularly in emerging nations, is driving up demand for benzaldehyde.

• Agrochemicals
• Food & Beverages
• Dye & Coatings
• Flavor & Fragrance
• Pharmaceuticals
• Others

Benzaldehyde Purity level Segment Analysis

Benzaldehyde Market Purity level Segment Analysis

According to Cognitive Market Research, the High Purity (? 99%) segment dominates the market. High purity (?99%) benzaldehyde is necessary for applications that require precise and reliable chemical qualities, such as pharmaceutical, fragrance, and food industries. Its application in the production of high-quality perfumes, tastes, and medicinal compounds fuels demand for this grade. The increasing emphasis on product quality, particularly in sensitive areas such as food and healthcare, mandates the use of highly purified chemicals.

Standard Purity (90%-99%) is projected to be the fastest-growing segment in the Benzaldehyde Market. Standard quality (90%-99%) benzaldehyde is suitable for applications where ultra-high purity is not required, such as the production of dyes, resins, and certain industrial chemicals. It is a preferred choice for general industrial processes due to its low cost and high purity level. The expanding demand in industries such as coatings, plastics, and agrochemicals, where standard purity is acceptable, contributes to its market presence.

• High Purity (? 99%)
• Standard Purity (90%-99%)

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

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• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
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• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
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Author's Conclusion