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Benzaldehyde Market – Survey on Product Awareness 2032
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Benzaldehyde Market – Survey on Product Awareness 2032

Benzaldehyde is the simplest aromatic aldehyde comprising of a benzene ring. It is colorless liquid at room temperature having an almond like odor. It is one of the pre-dominantly used aldehydes in the chemical industry for the manufacturing of a number of flavors & fragrances, pharmaceutical intermediates, and aniline dyes. The Global Market For Benzaldehyde Is Anticipated To Grow At A Value CAGR Of 4.5% During The Forecast Period.

Benzaldehyde is the simplest aromatic aldehyde comprising of a benzene ring. It is colorless liquid at room temperature having an almond like odor. It is one of the pre-dominantly used aldehydes in the chemical industry for the manufacturing of a number of flavors & fragrances, pharmaceutical intermediates, and aniline dyes.

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Key Takeaways from Market Study

  • The global powder coatings market is expected to reach a valuation of US$ 15 Bn by 2031.

  • Epoxy-based coatings hold more than 30% total market share when categorized based on resins.

  • Europe leads the global market with a majority market share of more than 30%. Increasing automotive production is cited as the most visible factor for regional growth.

  • Consumer goods account for maximum demand for powder coatings, with a market share of over 23%.

  • Increasing application in furniture will expand the segment at a robust CAGR of more than 8%.

“Increasing demand for powder coatings from the automotive & consumer goods sectors to nudge market growth over the coming years,” says a Fact.MR analyst.

Competitive Landscape

Leading powder coatings market players are investing in research & development of new more efficient powder coatings. Top manufacturers of powder coatings are introducing innovative products and leveraging automation technologies to forge strategic partnerships with demanding clients.

Leading companies in this powder coatings market are also focusing on expanding their production capacities to strengthen their market position. Top powder coating product manufacturers are also investing in collaborative projects to survive competition in the market.

Some of the key developments are:

  • In March 2019, PPG launched PPG ENVIROCRON extreme protection edge coatings, which uses a patent-pending, advanced powder coatings technology that delivers exceptional edge corrosion protection in one coat. Specially formulated to cover sharp edges created during metal fabrication, this innovative technology provides coverage that surpasses standard one-coat and two-coat powder systems.

  • In July 2019, Akzo Nobel announced plans to add three new production lines at its Changzhou powder coatings plant in China—the company’s largest facility of its kind in the world. The US$ 3.3 Mn investment will support additional supplies of acrylic powder coatings, metallic powder coatings, and powder primers for the automotive sector, strengthening Akzo Nobel’s ability to deliver more locally produced premium products.

What insights does the Powder Coatings report provide to the readers?

  • Powder Coatings fragmentation on the basis of product type, end use, and region.

  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.

  • Collaborations, R&D projects, acquisitions, and product launches of each Powder Coatings

  • Various regulations imposed by the governments on the consumption of Powder Coatings in detail.

Key Segments Covered in Powder Coatings Industry Research

  • By Resin

    • Epoxy

    • Polyester

    • Epoxy-Polyester (Hybrid)

    • Acrylic

    • Polyurethane

    • Epoxy Polyester

  • By Application

    • Consumer Goods

    • Architectural

    • Automotive

    • General Industries

Read More: https://www.factmr.com/report/2513/benzaldehyde-market