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Global P-Tolualdehyde Market to Grow at a CAGR at a Healthy Pace During 2020-2025, Driven by the Flourishing Fragrances Industry

According to a new report by EMR titled, 'Global P-Tolualdehyde Market Report and Forecast 2020-2025', the global market for p-tolualdehyde is being driven by the rising flavours and fragrances market, which reached a value of USD 28.9 billion in 2019 and is further expected to grow at a CAGR of 5% in the forecast period of 2020-2025.

The market for p-tolualdehyde is being driven by the flourishing food and beverages industry across the globe. The market is facilitated by the use of the product in the fragrances industry. Further, the growing demand for such products due to the rising disposable incomes, changing lifestyles, and rapid urbanisation is expected to support the market growth of p-tolualdehyde in the coming years as well. The market is expanding with its huge base in the Asia Pacific region, especially in the developing economies like India due to a shift in the chemical manufacturers to the region. Also, the rising consumption rate by the end-user industries within the region is favouring the market growth. The market is further affected by the growing awareness of natural and safe chemicals, which has provided impetus to the growth of the p-tolualdehyde industry across the globe.

The p-tolualdehyde industry is aided by the introduction of innovation through research and development by the key players, such as Mitsubishi Gas Chemical Company, Inc. The company offers the highest quality p-tolualdehyde at competitive costs. The company has successfully commercialised some new products. The product is used as a raw material or an intermediate for a variety of fragrance, pharmaceutical, agrochemical, and other specialty chemical materials. The fragrances containing p-tolualdehyde are available on Amazon.com, Inc. (NASDAQ: AMZN). Thus, the easy availability of products is expected to fuel the market growth over the forecast period.

Market Analysis by Type, Application, and Region:

  • The p-tolualdehyde industry, on the basis of types, is divided into food grade and industrial grade.
  • By function, the market is divided into chemical synthesis and others.
  • Based on applications, the industry is segmented into agro-chemicals, flavouring agent, fragrance additive, resin additives, pigments, and medical, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global p-tolualdehyde industry is driven by the thriving food and beverages industry.
  • The market is further aided by the growing demand for the product in the fragrances industry where the product is employed as a flavouring agent.
  • The market for p-tolualdehyde is supported by the common factors, such as inflating disposable incomes, enhancing living standards, and rapid urbanisation.
  • The growing preference for products with natural and safe chemicals is expected to propel the market growth over the forecast period.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for p-tolualdehyde for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the types, functions, applications, and major regions of p-tolualdehyde. 
  • It gives an in-depth look at the regional price trends in the global market for p-tolualdehyde.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Mitsubishi Gas Chemical Company, Inc, Merck KGaA, and Augustus Oils Ltd., among others, are the key players in the global p-tolualdehyde market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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