Benzaldehyde Market Growth & Trends
The global benzaldehyde market size is expected to reach USD 518.7 million by 2030 and is anticipated to grow at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. This is due to the increasing demand for derivatives, which drives increased interest in certain compounds, such as cinnamic acid, benzoic acid, sodium benzoate, and benzyl alcohol, which are increasingly used in organic reactions to synthesize other chemicals. Consequently, the demand for these compounds is directly connected to the rising use of their derivatives in producing new compounds.
During the forecast period, the toluene oxidation process segment dominated the market with a revenue share of 39.9% in 2024. Its cost-effectiveness and high-yield efficiency drive this segment compared to other production methods. This process is widely adopted due to its ability to produce high-purity benzaldehyde, which is essential for fragrances, pharmaceuticals, and agrochemical applications. Growing industrial demand for sustainable and efficient chemical synthesis further supports the segment’s expansion.
The benzoic acid segment dominated the market with a revenue share of 30.6% in 2024 during the forecast period. This segment is driven by its extensive use in food preservatives, pharmaceuticals, and the production of alkyd resins. Increasing demand for processed foods and beverages and the rising need for antimicrobial preservatives fuel market growth. In addition, stringent regulations on food safety and the expanding pharmaceutical industry further support the segment’s expansion.
The growing demand from the pharmaceutical, fragrance, and agrochemical industries drives the North American market. The region benefits from strong industrial infrastructure, high consumer spending on personal care products, and advancements in organic chemical synthesis. Increasing agricultural activities and the need for crop protection chemicals further propel market growth. Some of the prominent market players include Lanxess AG, Axxence Aromatic GmbH, Gujarat Alkalies and Chemicals Limited, Emerald Kalama Chemical, Taile Chemical Industry, Co. Ltd., Valtris Specialty Chemicals, Kadillac Chemicals Pvt. Ltd., and Wuhan Dico Chemical Co., Ltd., and Ganesh Benzoplast Ltd.
Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/benzaldehyde-market-report
Benzaldehyde Market Report Highlights
- The toluene chlorination process segment is expected to grow fastest, with a CAGR of 5.9%, during the forecast period. The toluene chlorination process market segment is driven by its ability to produce high-purity benzaldehyde with controlled reaction conditions. This method is widely used in industrial applications, particularly in synthesizing fragrances, dyes, and agrochemicals. Increasing demand for benzyl derivatives in pharmaceuticals and specialty chemicals further supports the growth of this segment
- Sodium Benzoate is expected to grow fastest with a CAGR of 6.3% during the forecast period. Its widespread use as a preservative in food, beverage, and pharmaceutical industries drives the segment. Growing consumer demand for packaged and convenience foods and stringent food safety regulations fuel market expansion. In addition, the increasing application of sodium benzoate in cosmetics and personal care products further supports the segment’s growth
- The personal care & cosmetics segment is expected to dominate the market with a revenue share of 25.3% in 2024. The segment is driven by its use as a fragrance ingredient and preservative in perfumes, lotions, and skincare products. Increasing consumer demand for premium and organic cosmetics, along with rising disposable income, is fueling market growth
- North America is the dominant region in the market, with a revenue share of 50.0% in 2024. The North America market is driven by rising demand from the pharmaceutical, fragrance, and agrochemical industries. Strong industrial infrastructure, growing consumer preference for personal care products, and advancements in organic chemical synthesis further support market growth
- In May 2023, LANXESS AG announced the expansion of its benzyl alcohol production capacity at its U.S. site. The expansion aims to support the growth of its established customer base in the North American region
Benzaldehyde Market Report Segmentation
Grand View Research has segmented the global benzaldehyde market based on process, derivative, application, and region:
Benzaldehyde Process Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Toluene Oxidation Process
- Toluene Chlorination Process
- Other Processes
Benzaldehyde Derivative Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Benzoic Acid
- Sodium Benzoate
- Benzyl Alcohol
- Cinnamic Acid
- Other Derivatives
Benzaldehyde Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- Food & Beverages
- Pharmaceuticals
- Agrochemicals
- Cosmetics & Personal Care
- Dyes & Coatings
- Arom Chemicals
- Other Applications
Benzaldehyde Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 – 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
List of Key Players in the Benzaldehyde Market
- LANXESS AG
- Kadillac Chemicals Pvt. Ltd.
- Gujarat Alkalies and Chemicals Limited
- Emerald Kalama Chemical
- Taile Chemical Industry Co. Ltd.
- Shimmer Chemicals Pvt. Ltd.
- Emerald Performance Materials, LLC
- Valtris Specialty Chemicals
- Axxence Aromatic GmbH
- Ganesh Benzoplast Ltd.
- Wuhan Dico Chemical Co., Ltd.
Browse Full Report: https://www.grandviewresearch.com/industry-analysis/benzaldehyde-market-report