ALDEHYDES MARKET ANALYSIS
Regional Outlook
Asia Pacific is anticipated to hold the significant market share during the forecast period. The rising manufacturing sector coupled with the rising demand for urea from agriculture industry particularly from emerging economy such as India is expected to boost the aldehydes market growth. In manufacturing sector, aldehyde are widely used in alcohol, resins, and acids. According to the India’s Brand Equity Foundation (IBEF), in 2017, the market size of India’s manufacturing sector was US$ 347.18 billion, which increased from US$ 300.76 billion in 2012. Manufacturing sector includes automobile, drugs & pharmaceuticals, chemicals, textile, food processing, and others.
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