Aldehyde Market | 2023-2030 Global Key Manufacturers’ Analysis Review
Aldehydes are a class of organic compounds that are characterized by a carbonyl group (-CHO) attached to a hydrogen atom and another organic group. Aldehydes are important intermediates in organic synthesis, and they are used as raw materials in a variety of industries, including pharmaceuticals, perfumes, and flavors. The global Aldehyde Market is expected to grow at a CAGR of 6.0% from 2023 to 2030, reaching USD 3.80 billion by 2030. Formaldehyde is the most widely used aldehyde, accounting for over 50% of the global aldehyde market. Formaldehyde is used in the production of various resins and plastics, such as urea-formaldehyde and phenol-formaldehyde resins. Formaldehyde is also used in the production of acetaldehyde, which is used in the production of various chemicals, including acetic acid and butyraldehyde. Acetaldehyde is another important aldehyde, used as a feedstock in the production of a wide range of products, including perfumes, flavors, and solvents. Acetaldehyde is