2,6-Dichlorobenzaldehyde is a colorless liquid state aldehyde, used as flavoring agent. It is also used in the production of various alkaline dyes. Along with that it is also used as in transitional dyes. With the increase in the demand, the 2,6-Dichlorobenzaldehyde market is expected to foray ahead with a higher single-digit CAGR over the assessment period.
As with the rapid growing pharmaceutical industry, the generics production capacity among the ASEAN economies is quite reputable and it accounts for the large percentage of the revenues. At the same time Indo-China trade war led to price fluctuation, thus making an impact on the 2,6-Dichlorobenzaldehyde and further market is expected to continuously get hampered in the forecast period as well.
Based on industry requirements, 2,6-Dichlorobenzaldehyde are used in various industries like pharmaceutical, food and beverages, personal care products, etc. In 2019, pharmaceutical is expected to hold the highest market share under 2,6-Dichlorobenzaldehyde as manufacturers have implemented safety, increase in shelf life of the drug, and others.
However, pesticides based 2,6-Dichlorobenzaldehyde are expected to have a higher growth rate till 2030 attributed towards shifting consumer needs and inclination of market players towards providing a higher quality product with less cost price and variable uses.
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COVID-19 Impact Insights
COVID-19 pandemic has severely affected various industries across the globe including chemical manufacturers that directly and indirectly runs various other industries in other words industries like pharmaceutical, food and beverage are totally dependent on the chemicals as 2,6-Dichlorobenzaldehyde is considered to be the raw material and also flavoring agents. This in result has disturbed almost every market and 2,6-Dichlorobenzaldehyde market has also been affected largely. COVID-19 pandemic has presented massive disruptions in the demand supply equilibrium across multiple industries, leading towards economic losses at a global level. Plant shut downs in, Asia-pacific countries like China and North America in the second quarter of 2020 has reduced the production scale of 2,6-Dichlorobenzaldehyde.
Segmentation Analysis of 2,6-Dichlorobenzaldehyde Market
The global 2,6-Dichlorobenzaldehyde market is bifurcated into four major segments: application, end user, distribution channel and region.
On the basis of application, 2,6-Dichlorobenzaldehyde market has been segmented as follows:
On the basis of end user, 2,6-Dichlorobenzaldehyde market has been segmented as follows:
- Personal Care
- Food and beverages
On the basis of Distribution Channel, 2,6-Dichlorobenzaldehyde market has been segmented as follows:
- Direct tender
- Retail sales
On the basis of geographic regions, 2,6-Dichlorobenzaldehyde market is segmented as
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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2,6-Dichlorobenzaldehyde Market: Regional Outlook
Based on regional split, the report “2,6-Dichlorobenzaldehyde Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Of these, Asia Pacific collectively accounts for nearly 38% of the 2,6-Dichlorobenzaldehyde market share. Well-established pharmaceutical, cosmetic industry among others are increasing especially in China, hence penetrating 2,6-Dichlorobenzaldehyde in the region at a higher rate.
Further, North America is expected to turn out as the most promising region under 2,6-Dichlorobenzaldehyde market owing to consistent stringent modifications in the work place safety regulations. Also, attributed towards the food and beverage industries, the region would witness high growth rate over the assessment period (2020-2030).
Americas collectively accounts for one third of the market share in 2019 and is expected to rise with a higher single digit CAGR. Middle East & Africa accounts for nominal shares under 2,6-Dichlorobenzaldehyde market.
2,6-Dichlorobenzaldehyde Market: Key Players
Being a consolidated market, players have dominant presence across regions through streamlined distribution networks. Daken Chemical Co. Ltd., Dalian Richfortune Chemicals Co., Ltd., Henan Tianfu Chemical Company, ATK Chemical Co., Ltd. etc. are amongst the prominent players in 2,6-Dichlorobenzaldehyde market accounting for over 70% of the market revenues.
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