Mitsubishi Gas Chemical Company Inc, Merck KGaA, and Augustus Oils Ltd, among others, are the major players in the global P-Tolualdehyde market.
The global P-tolualdehyde market is being aided by the growth of the overall flavours and fragrances market. The global flavours and fragrances market is projected to grow at a CAGR of 5% between 2022 and 2027. As per the analysis by Expert Market Research, the market for P-tolualdehyde is expected to be driven by the rising trend for using natural and safe chemicals in the fragrances market.
With the growing population and rapid urbanisation, the demand for fragrances and luscious food items has increased because of increased disposable incomes. Additionally, P-tolualdehyde is popularly used as a natural substitute for artificial chemical products, which boosts the growth of the market. Further, rising demand for rich and opulent perfumes and fragrances in the cosmetic market is another factor augmenting the market growth.
The global market for p-tolualdehyde is being driven by the introduction of innovative products by leading market players, such as Mitsubishi Gas Chemical Company, Inc. The company offers superior quality p-tolualdehyde at competitive prices. In addition, the company has successfully commercialised some new products. The p-tolualdehyde product is used as a raw material or an intermediate for a variety of fragrances, pharmaceuticals, agrochemicals, and other speciality chemical materials. Further, the easy availability of fragrances containing p-tolualdehyde on e-commerce channels is another factor favouring the growth of the market.
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Mitsubishi Gas Chemical Company Inc. Is a Japanese chemical company. The Mitsubishi Gas Chemical Group specialises in developing a wide range of chemical products that include everything from basic chemicals to specialised fine chemicals and other performance materials. The company operates in two business sectors- basic chemical sector and specialty chemicals business sector, each of which produces a variety of products. The product portfolio of the organisation includes methanol, ammonia, MX nylon, foamed plastic, geothermal power generation, health food ingredients, polycarbonate, and foamed plastic, among others.
The Merck Group is a Germany-based multinational company that focuses on science and technology. There are three distinct business lines of Merck: healthcare, performance materials, and life sciences. The core business of the organisation includes healthcare, life science, and electronics. The company develops and designs medicines and smart devices that provide ongoing care for patients beyond their initial treatment. Their range of medications include new formulations for the treatment of multiple sclerosis (MS) and certain cancers.
|Headquarters:||Alton, United Kingdom|
Augustus Oils Ltd. is a chemical producing company. Augustus Oils is a principal British manufacturer and supplier of essential oils, aromatherapy oils, resinoids, oleoresins, absolutes, concretes, and aroma/flavour chemicals. The business of Augustus Oil is divided into three segments in the form of a flavour raw material supplier, fragrance raw material supplier, and the cosmetics/personal care ingredient supplier.
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