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Global P-Tolualdehyde Market: By Type: Food Grade, Industrial Grade; By Function: Chemical Synthesis, Others; By Application: Agro-Chemicals, Flavouring Agent, Fragrance Additive, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global P-Tolualdehyde Market Outlook
The global p-tolualdehyde market is expected to be aided by the growth of the overall flavours and fragrances market. The global flavours and fragrances market reached a value of USD 28.90 billion in 2020 and is further projected to grow at a CAGR of 5% between 2021 and 2026.
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Rising Demand for Fragrances is Expected to Bolster the P-Tolualdehyde Market
The p-tolualdehyde industry is being driven by the rising demand for fragrances, which is increasing owing to the rising disposable incomes, increasing standards of living, and rapid urbanisation. Regionally, the Asia Pacific region is a significant market for p-tolualdehyde, which has been affected positively by the shift of the chemical manufacturers to the region, as well as the rising consumption rate of the product. On account of this, the Asia Pacific region is expected to witness a healthy growth in the forecast period. Other regions, such as North America and Europe, are matured and, due to stringent government regulations, are expected to witness moderate growth in the coming years. The South Africa market is also predicted to have a significant growth due to the generation of abundant opportunities for fragrance manufacturers in the region.
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P-Tolualdehyde: Market Segmentation
P-tolualdehyde, also known as para- tolualdehyde, is an aromatic aldehyde. It has a cherry-like fragrance just like benzaldehyde. It is a colourless liquid and has a higher density than water. The product is extensively used in preparing fragrances.
On the basis of types, the market is bifurcated into:
- Food Grade
- Industrial Grade
By applications, the market is divided into:
- Agro-Chemicals
- Flavouring Agents
- Fragrance Additives
- Resin Additives
- Pigments
- Medical
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The Rising Demand from the Application Sectors to Have a Positive Impact on the P-Tolualdehyde Industry Growth
The rising demand for p-tolualdehyde in industries such as food and beverages, where the product is employed as a flavouring agent, is driving the market for p-tolualdehyde. Also, due to the high prominence of the product in the fragrances market, the p-tolualdehyde industry is expected to have a significant growth in the forecast period. Other factors, such as the rising disposable incomes and improving living standards, are driving the market growth further as affordability for leisure items increases, further influencing the buying patterns and inclinations towards grooming products and eating out. Further, p-tolualdehyde’s documentation under the GRAS (Generally Recognized as Safe) chemicals by the United States Food & Drug Administration (US FDA) is expected to impact the market positively. The growing inclination of consumers to buy products having natural and safe chemicals is expected to aid the market growth in the coming years.
Key Industry Players in the Global P-Tolualdehyde Market
The report gives a detailed analysis of the following key players in the global p-tolualdehyde market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mitsubishi Gas Chemical Company, Inc
- Merck KGaA
- Augustus Oils Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Function, Application, Region |
| Breakup by Type | Food Grade, Industrial Grade |
| Breakup by Function | Chemical Synthesis, Others |
| Breakup by Application | Agro-Chemicals, Flavouring Agent, Fragrance Additive, Resin Additives, Pigments, Medical, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Mitsubishi Gas Chemical Company, Inc, Merck KGaA, Augustus Oils Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global P-Tolualdehyde Market Analysis
8.1 Key Industry Highlights
8.2 Global P-Tolualdehyde Historical Market (2018-2022)
8.3 Global P-Tolualdehyde Market Forecast (2023-2028)
8.4 Global P-Tolualdehyde Market by Type
8.4.1 Food Grade
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Industrial Grade
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global P-Tolualdehyde Market by Function
8.5.1 Chemical Synthesis
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Others
8.6 Global P-Tolualdehyde Market by Application
8.6.1 Agro-Chemicals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Flavouring Agent
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Fragrance Additive
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Resin Additives
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Pigments
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Medical
8.6.6.1 Market Share
8.6.6.2 Historical Trend (2018-2022)
8.6.6.3 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global P-Tolualdehyde Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Mitsubishi Gas Chemical Company, Inc
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Merck KGaA
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Augustus Oils Ltd.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Others
14 Industry Events and Developments
Additional Customization Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2. Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global P-Tolualdehyde Market: Key Industry Highlights, 2018 and 2028
2. Global P-Tolualdehyde Historical Market: Breakup by Grade (USD Billion), 2018-2022
3. Global P-Tolualdehyde Market Forecast: Breakup by Grade (USD Billion), 2023-2028
4. Global P-Tolualdehyde Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global P-Tolualdehyde Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global P-Tolualdehyde Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global P-Tolualdehyde Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America P-Tolualdehyde Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America P-Tolualdehyde Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe P-Tolualdehyde Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe P-Tolualdehyde Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific P-Tolualdehyde Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific P-Tolualdehyde Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America P-Tolualdehyde Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America P-Tolualdehyde Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa P-Tolualdehyde Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa P-Tolualdehyde Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global P-Tolualdehyde Market Structure
Key Questions Answered in the Report
The global p-tolualdehyde market is being driven by the growth of the flavours and fragrances market, which attained a value of nearly USD 28.9 billion in 2020.
The flavours and fragrances market is projected to grow at a CAGR of 5% between 2021 and 2026; thus, further aiding the growth of the p-tolualdehyde industry.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing hygiene awareness, rising demand for flavours and fragrances, rapid urbanisations, and improving standards of living, are expected to aid the market growth.
The key trend guiding the growth of the market includes the rising allowance of the product by regulatory authorities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of p-tolualdehyde in the industry are food grade and industrial grade.
The major application segments in the market are agro-chemicals, flavouring agents, fragrance additives, resin additives, pigments, and medical, among others.
The major players in the industry are Mitsubishi Gas Chemical Company, Inc, Merck KGaA, and Augustus Oils Ltd., among others.
Analyst Review
The global p-tolualdehyde market is being supported by the growth of the flavours and fragrances market, which reached a value of USD 28.9 billion. In the forecast period of 2023-2028, the global flavours and fragrances market is projected to grow at a CAGR of 5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the market is divided into food grade and industrial grade. On the basis of application, the industry is segmented into agro-chemicals, flavouring agents, fragrance additives, resin additives, pigments, and medical, among others. The major regional markets for p-tolualdehyde are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mitsubishi Gas Chemical Company, Inc, Merck KGaA, and Augustus Oils Ltd., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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