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Terephthalic Aldehyde Market growth is propelled by increasing demand in the pharmaceutical industry

Author : Ronak Bora | Published Date : 2019-03-26 

Global Market Insights, Inc. adds new Terephthalic Aldehyde Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Terephthalic Aldehyde Market size is anticipating considerable growth in forecast time period. The product is whitish crystal compound manufactured by utilizing xylene in the presence of bismuth and tungsten. It is basic chemical used as an intermediary in various applications that include plastic, dyes and pharmaceuticals. Being a basic component in various applications demand for the substance has successively boosted. Plastic, dyes and pharmaceuticals are one of the fastest growing industries of economy, influencing product penetration worldwide.

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Plastic industry will register CAGR of over 6% in next five years. Being a major component in plastic manufacturing, compound demand will propel in near future. Its excellence in water and moisture resistance has fueled its usage in soft drink bottles. Global carbonated drinks is expected to witness CAGR over 2% in terms of volume and revenue in the next seven years. Up surge in these industries will boost terephthalic aldehyde market.

The component is extensively consumed in dye industry as a mixing agent in its manufacturing. It gives long lasting color to the products and can be used for changing color of component. Dyes are consumed globally as an intermediary in manufacturing of textiles, inks, tinting, construction and polymers. Upsurge in CAGR of dye industry over 4.5% is propelling its demand and inducing growth in terephthalic aldehyde market.

Pharmaceutical industry will grow at over 10% in the forecast period. The component is highly used in medicine production. It is consumed for combatting viruses, bacteria, fungi and insects, up surge in medicinal industry is anticipated to boost terephthalic aldehyde market.

Supply chain of terephthalic aldehyde market initiates from procuring raw material from various suppliers. Manufacturing of the component takes place in laboratory, it is a formulated by chemical reaction of various atoms and molecules. Post manufacturing, it is transported and distributed to various location for varied applications. Major end use of the substance are pharmaceuticals, dyes, pigments and plastic industries.

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Asia Pacific led by India is anticipating surge in dye and its intermediaries in the next 7 years by registering CAGR of over 4 %. Major user of the compound are Indian textiles dye, plastics, paper, printing ink and food products industries. Increasing demand in these industries will boost terephthalic aldehyde market.  

Key manufacturers in the market are Jinan Haohua, Chemindustry, Haihang Industry, Nebula Chemicals, Fond Chemicals, Struchem co. Ltd., Conier Chem and Pharma Limited, Suzhou Health Chemicals, Angene International Limited and Rosewachem co. Ltd. Companies are emphasizing on product research and development and to supply the product globally.

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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