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Acetaldehyde Market Global Production, Revenue, Price, Share and Growth Analysis Forecast to 2024 For Players: BASF, CNPC, Sumitomo Chemical, Merck & Celanese
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Acetaldehyde, also known as ethanal (CH3CHO), is an organic compound that belongs to the group of aldehydes. It is a colorless and flammable liquid with a pungent smell and is mainly used as vinegar in households. The chemical is found in various fruits and vegetables and is also present in diesel and gasoline exhausts.
On the basis of process, the acetaldehyde market is classified into ethylene oxidation, ethanol oxidation, and ethanol dehydrogenation. Among these, the chemical obtained from the oxidation of ethylene occupies a significant share in the market. The process, also known as the Wacker process, is catalytic in nature and involves the use of a reduction oxidation system to produce the chemical.
One of the major factors driving the growth of the acetaldehyde market is the increasing consumption of pyridine and pentaerythritol, globally. Pyridine is majorly used in medicines, rubber products, adhesives, insecticides, and paints. The growth in associated industries is contributing to the increased consumption of pyridine for various applications.
The growth of the acetaldehyde market is moderately restrained by the use of methanol in the production of acetic acid. Besides, propylene is being used as a substitute for ethanal in the manufacturing of butyraldehyde. Also, according to the International Agency for Research on Cancer, it is found to be carcinogenic to humans.
Some of the major players operating in the global acetaldehyde market are Showa Denko K.K. (SDK), Merck KGaA, Celanese Corporation, Eastman Chemical Company, Jubilant Life Sciences, Lonza Group Ltd., BASF SE, CNPC, and Sumitomo Chemical Co. Ltd., and Ashok Alco-Chem Ltd.
Read summary of report here :: https://www.psmarketresearch.com/market-analysis/acetaldehyde-market/
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Russia, Japan, China, India, Indonesia, Brazil, Saudi Arabia, and South Africa.
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