Increasing demand from food & beverage, paper & pulp, pharmaceutical, and water treatment applications are propelling the market growth.
Acetaldehyde Market Size – USD 1.38 Billion in 2018, Acetaldehyde Market Growth - CAGR of 6.4%, Acetaldehyde Market Trends – Usage of pentaerythritol in manufacturing neoployol esters.
The Global Acetaldehyde Market is forecast to reach USD 2.25 Billion by 2026, according to a new report by Reports and Data. Acetaldehyde, otherwise called ethanal (CH3CHO), is an organic compound in the aldehyde group. The colorless and flammable liquid has a pungent smell, and it is mainly used as vinegar in households. This compound is present in several fruits and vegetables as well as in diesel and gasoline exhausts.
The market for acetaldehyde is influenced by the rising food & beverage and chemical industries. Besides the compound have various applications in paints and coatings, pharmaceuticals and cosmetics industries. The growing demand for basic dyes and polymer resins is expected to drive the growth of acetaldehyde market.
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Further key findings from the report suggest
The chemical produced from the oxidation of ethylene held the largest market share of 55.4% in the year 2018. The process, also known as Wacker process involves the use of a reduction-oxidation system to produce the compound. The compound has a higher reaction rate, although the chlorinated products are absent.
The pyridine segment held the largest market share of 39.4% in the year 2018. Pyridine is used as a raw material in ethylidene diacetate ((CH₃CO₂)₂CHCH₃.), which is further used in the production of vinyl acetate. This is also used as a plasticizer in the plastic factory and as a paint binder in the paint factory. Furthermore, it is used as a raw material in pesticides.
The food and beverages industry is forecasted to grow at the highest rate of 7.1% during the forecast period. This is due to the use of chemicals as a flavoring agent in various types of foods.
The Asia Pacific region is forecasted to witness the highest CAGR of 7.4% during the forecast period. This is due to the easy availability of raw material of acetaldehyde in the region, and countries like China and India, where the manufacturing cost of acetaldehyde is quite low.
Key participants Showa Denko K.K., Merck KGaA, Celanese Corporation, Eastman Chemical Company, Jubilant Life Sciences, Lonza Group Ltd., BASF SE, CNPC, Sumitomo Chemical Co. Ltd., and Ashok Alco-Chem Ltd. among others.
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Market Segmentation:
Process Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Ethylene Oxidation
Ethanol Oxidation
Ethanol Dehydrogenation
Derivatives Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Pyridine
Pentaerythritol
Acetic Acid
Ethyl Acetate
Others
Applications Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Food & Beverages
Chemicals
Paints & Coatings
Plastic & Synthetic Rubber
Others
Regional Outlook:
North America
S.
Canada
Mexico
Europe
Germany
K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
A.E.
South Africa
Rest of MEA
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Key questions covered in the global Acetaldehyde market report:
What is the expected market size of the global Acetaldehyde market during the forecast period?
What factors are expected to hamper global Acetaldehyde market growth over the forecast period?
What key factors are expected to drive global revenue growth between 2021 and 2028?
Which application segment is expected to dominate other application segments over the forecast period?
Which region is expected to dominate in terms of revenue during the forecast period?
What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
Which leading players are operating in the global Acetaldehyde market?
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