ALDEHYDES MARKET ANALYSIS

Aldehydes Market by Product Type (Butyraldehyde, Acetaldehyde, Propionaldehyde, Formaldehyde, Benzaldehyde, Cinnamaldehyde, Vanillin, and Others (Retinaldehyde, Tolualdehyde and Furfural) by Application (Pharmaceuticals, Agrochemicals, Dyes, Medical Disinfectant, Plastic Addictive, Industrial Applications, and Others (styrene, cosmetics, food, and fragrance) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Key Developments:

In 2018, Dynea announced completion of new facility named Silver Formaldehyde Plant in Jubail, KSA. The unit has capability to produce 105 metric ton annual capacity and is expected to deliver 55% of formaldehyde solution.
Various companies are focusing on developing new products in order to maintain their foothold in the global market. For instance, In June 2018, a leader in manufacturing of benzaldehyde and aroma chemicals - Emerald Kalama Chemical, had announced launch of their new product Kalama C-12 Lauric Aldehyde. This new launch has helped the company in expanding their linear aldehyde fragrance ingredients portfolio.
In October 2017, Dynea AS, a Norway based company, had announced the successful start-up and commissioning of their new formaldehyde plant located in Kazincbarcika, Hungary. The plant has a production capacity of 40 KT (Kilo Tons) per year and is expected to deliver 52% formaldehyde solution using silver crystals as catalysts.