Terephthalic Aldehyde Industry Size, Share, Demand & Growth by 2028
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
terephtahlic aldehyde is on the verge of downfall owing to the amount waste water being
generated from the production of only one tonne of terephthalic aldehyde.
It has been considered uneconomical by a handful of players in the market owing to its
expensive nature as well as lack of proper infrastructure in order to treat colossal amount of
waste water. Moreover, owing to the government regulations across the globe, the production
of terephthalic aldehyde has been halted by a majority of key companies in the global
marketplace.
According to the report, the global terephthalic aldehyde market is expected to witness -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.
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“Even if we start producing again, we are not sure we will be able to produce the same
quantity again,” states an authority at one of the leading production companies.
Growing Environmental Pressure Causing Market Deterrence
The world is observing an insufficient supply of terephthalic aldehyde, principally caused by
the enforcement of ‘Environmental Protection Tax Law’ in 2016 in China. The policy
required producers to install proper waste management facilities and levied heavy
punishments and penalties on the companies, waning to comply with the mandated regulatory
standards. These regulations interrupted the production facilities of terephthalic aldehyde,
resulting in to abridged productivity, creating a huge variation between demand and supply.
This has led to high vulnerability in the global market, leaving the end users obligated to look
for other alternate materials or production technology in order to meet the industry demand.
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.
About the Chemicals and Materials Division at Future Market Insights (FMI)
The chemicals and materials division of Future Market Insights (FMI) offers a distinct and
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from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and
nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and
renewable technology developments, and supply-demand-trade assessment. Our research
studies serve as referencing market guidelines for chemical manufacturers, research
institutions, channel partners, and government bodies for developing — ‘The Way Forward’.
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