According to the report, the global terephthalic aldehyde market is expected to witness -a 3.8% CAGR from 2018 to 2028. While the market currently values worth US$ 16,129,832.3 it has been projected to go down and reach US$ 4,342,866.7 by the end of 2028.

The leading companies functioning in the global terephthalic aldehyde market are Haihang Industry Co., Ltd., Wuhai Xinye Chemical Co., Ltd., Dalian Richfortune Chemicals Co. Ltd., Alfa Aesar, Hebei Xingyu Chemical Co., Ltd., and Tokyo Chemical Industry Co., Ltd.

Future Market Insights (FMI) has published a new report on terephthalic aldehyde, which has been titled, “Terephthalic Aldehyde Market: Global Industry Analysis 2013-2016 and Opportunity Assessment 2018-2028.”  According to the report, the global market for a terephthalic aldehyde is on the verge of downfall owing to the amount of wastewater being generated from the production of only one tonne of terephthalic aldehyde.

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Market Taxonomy

The global terephthalic aldehyde market has been segmented into:

By Application

• Optical Brightener
• Polymers
• Pharmaceutical Intermediates
• Others

By Grade

• Pharma/Super Grade
• Technical Grade

Economically, the terephthalic aldehyde is mainly manufactured by the chlorination and subsequent hydrolysis of p-xylene; the production process involves highly toxic chlorine gas for chlorination and requires a large volume of nitric acid during the oxidation process.

Use in Other Applications along with Optical Brightener to Open Future Prospects

The scope of application and use of terephthalic aldehyde has expanded over the years to various end-use industries. It is mainly used for the production of optical brighteners and photo-polymers. It is also an important intermediate in the synthesis of medicines, dyes, and perfumes.

Though terephthalic aldehyde is a small-volume product, it is projected to profit from macroeconomic industrial growth, predominantly in end-use sectors where it finds its niche applications. The macroeconomic factors are projected to underpin end-user industries, such as textile, personal care, paper and pulp, and pharmaceutical, which in turn would create the demand for terephthalic aldehyde.

Further, the uniqueness of terephthalic aldehyde in niche applications proves to be a vantage point. As per various industrial sources, the dearth of alternatives in optical brightener applications is the main factor driving its demand globally.