Several research institutes and producers have directed their attention towards the development of novel products for applications in genetics and molecular biology. For instance, terephthalic aldehyde is being used as a non-toxic and non-volatile gelatin membrane cross-linker as it augments the functional properties of the gelatin membrane.
Terephthalic aldehyde increases the hydrophobic characteristics of gelatin by substantially increasing the liquid resistance capability (around 15-20 times).
Terephthalic aldehyde is also used along with bi-enzyme catalysts as a cross-linker in glucose bio-fuel cells, which leads to stable bonding of the catalytic structure. Moreover, in 2017, the terephthalic aldehyde-based chemo-sensor molecular system was blended and utilized for the florescent sensing of metal ions. The molecular system is highly sensitive to copper ions.
Terephthalic aldehyde has niche but important applications in the optical brightener and pharmaceutical industry. With the implementation of environmental policies in China, which currently dominates the terephthalic aldehyde production scenario, supply has reduced drastically in the global market.
Further, as per industry sources, no significant product alternative or environment friendly commercial production method is available as of yet in market. Though, several clean and eco-friendly processes have been proposed, however their commercialization has become a need of the hour.
Over the past few decades, the chemical industry in China grew almost threefold and China dominated the global terephthalic aldehyde market with a lion’s share. Moreover, China has become a hub for terephthalic aldehyde producers. The implementation of environmental regulations in China has resulted in the creation of volatility in the market several manufacturers have been compelled to halt/reduce their production capacity for terephthalic aldehyde.
The protocols have affected the competitiveness of the domestic industries and have damaged the economic performance of the industry, leading to a rise in the production cost leading to lower productivity or profitability.
This is anticipated to lead to a worldwide shortage in the supply of terephthalic aldehyde as China is the main hub for the production of the chemical. Based on the existing scenario of the market, there are two possible future perspectives, predisposed by concerned environmental policies.
Economically, 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.
Hence, the production process of terephthalic aldehyde leads to a large amount of wastewater generation (for production of each ton on terephthalic aldehyde, 40-70 tons of acidic wastewater is generated).
Further, the chlorination process produces highly corrosive hydrogen chloride gas, which pollutes the environment and simultaneously corrodes the chemical reactors, resulting in the reduction of terephthalic aldehyde yield.
Strict environmental regulations have hampered the production of terephthalic aldehyde. For instance, the Chinese government has passed the Air Pollution Prevention Action Plan to crackdown pollution, this has deeply affected the production of terephthalic aldehyde in the region. Since China is its main producer and supplier, such developments in the country have flustered the market all across the globe.
| Report Attributes | Details |
|---|---|
| Current Market Size (2022) | USD 18.7 million |
| Projected Market Size (2032) | USD 26.4 million |
| CAGR (2022 to 2032) | 3.5% |
| Base Year for Estimation | 2021 |
| Historical Period | 2018 to 2021 |
| Projection Period | 2022 to 2032 |
| Report Parameter | Revenue in USD Million/Volume in Metric Tons |
| Grade Segments | Technical Grade, Pharma/Super Grade |
| Application Segments | Optical Brightener, Polymers, Pharmaceutical Intermediate, Others |
| Regions Covered | Asia Pacific Excl. China, China, Americas, Europe and Middle East & Africa |
| Key Companies | Haihang Industry Co., Ltd., Wuhai Xinye Chemical Co., Ltd., Dalian Richfortune Chemicals Co., Ltd., Alfa Aesar, Hebei Xingyu Chemical Co., Ltd., Tokyo Chemical Industry Co., Ltd., Hunan Astar Bio-chemical Technology Co., Ltd., Sigma-Aldrich Co. LLC., Daqing New Century Fine Chemical Co., Ltd., T&W Group |
| Additional Attributes | Use in cross-linkers, bio-fuel cells, and metal ion sensors; Environmental regulations influencing production capacity; High wastewater output during manufacturing; Supply risk due to China’s production policies |
The global terephthalic aldehyde market has been segmented into:
The terephthalic aldehyde market is predicted to grow at 3.5% CAGR through 2032.
Asia Pacific terephthalic aldehyde market holds the highest revenue potential.
The terephthalic aldehyde market is expected to surpass USD 26.4 million by 2032.
The terephthalic aldehyde market size is anticipated to be over USD 18.7 million in 2022.
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Terephthalic Aldehyde Market
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