Aldehydes Market - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Aldehydes is an organic compound containing functional group called as formyl group, which has numerous applications in medical disinfectant and antiseptic, food and cosmetics among others. It is anhydrous salt, a form of sodium bicarbonate, also called as washing soda. There are numerous types of aldehydes available such as butyraldehyde, acetaldehyde, propionaldehyde, formaldehyde, benzaldehyde, and others. However, there quantities are produced according to application and utilization. In industrial applications, it is used as precursor to numerous chemicals such as alcohols, resins, and acids. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2358 Aldehydes Market Dynamics Formaldehyde is among the most common type of aldehydes and is widely used aldehydes across the globe. It is prominently used in the manufacturing of numerous types of resins such as melamine formaldehyde resins, urea formaldehyde resins, and others, which is driving the global aldehydes market growth. Moreover, formaldehyde is largely used in the downstream chemicals including 1, 4- butanediol. Owing to its other capabilities such as inhibition of bacteria and other microbes, the formaldehyde is used in as medical disinfectant and antiseptic. Benzaldehyde is another common type of aldehyde widely used in production of chemicals such as acrydine dyes, styrene, and others. It is widely used to manufacture downstream chemicals including 2-ethylhexanol and n-butanol. Furthermore, acetaldehyde has its applications in plastic industry as plasticizer. It is used as paint binder in paints and coatings industry. Excessive use of fertilizer such as urea across the globe is expected to propel demand for aldehyde. Urea formaldehyde is used as soil fertilizers in the agriculture industry. According to the World Bank, in 2015, fertilizer consumption increased to 94% from 89.9% in 2010.