Press release
What's driving the Acetaldehyde Market Trends? | Kay Players are Celanese, Sinopec, Eastman Chemical, Showa Denko, Sumitomo, Lonza, and Merck KGaA
Acetaldehyde Market
Acetaldehyde Market size is expected to witness significant gains over the forecast timeline owing to its usage as an intermediate chemical to produce acetic acid, ethyl acetate, pentaerythritol, and peracetic acid. It caters to numerous industries including chemical, paints & coatings, plastics, food & beverage, and water treatment industry stimulating the demand of acetaldehyde market.
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Positive application outlook as an intermediate in production of resins and plasticizers owing to its high chemical reactivity is likely to drive acetaldehyde market size. These resins are further processed as binders in paints & coatings industry for modification of rheology and gloss. The product is utilized as a raw material for creating penta erythritol escalating acetaldehyde industry size.
Global food & beverage market was valued at USD 105 billion in 2019 with growth over 6.5%. Increasing R&D spending with changing consumer consumption patterns is likely to have a positive impact on food sector thereby propelling product demand. Acetaldehyde acts as an additive in fish preservatives, gelatin hardening, and flavoring agents. It is used in producing vinegar and yeast while providing nutty & citrus flavor to the food. Growing demand for frozen and convenience food products may propel acetaldehyde market size to increase product quality.
The product is facing low consumption trends owing to substitutes including methanol carbonylation process to derive acetic acid. Methanol carbonylation process is convenient along being cost effective. These factors may hamper acetaldehyde price trends and industry profitability. However, technological advancements in downstream derivatives process may drive acetaldehyde market demand.
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Asia Pacific driven by South Korea, Japan, India and China acetaldehyde market may register strong gains by 2025. Manufacturers are shifting their base to the region owing to low production cost along with easy availability of raw material and labor which may propel acetaldehyde industry size.
Global acetaldehyde market share is competitive and consolidated with key players including Celanese, Sinopec, Eastman Chemical, Showa Denko, Sumitomo, Lonza, and Merck KGaA. Other players include Jubilant Life Sciences, LCY Chemical, Ashok Alco-chem, Eurochem Group AG, China National Petroleum Corporation, and Wacker Chemie AG.
By Process, 2014-2025 (Kilo Tons) (USD Million)
• Dehydrogenation of Ethanol
• Wacker Process
• Oxidation of Ethanol
By Downstream Potential, 2014-2025 (Kilo Tons) (USD Million)
• Acetic Acid
• Ethyl Acetate
• Pyridine & Pyridine Bases
• Pentaerythritol
• Others
By Application, 2014-2025 (Kilo Tons) (USD Million)
• Plastics & Synthetic Rubber
• Chemicals
• Food & Beverage
• Cosmetics
• Paper & Pulp
• Others
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Product Name - Acetaldehyde
Currency - US$ (Data can also be provided in local currency)
Customization Scope - The report can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar,…
Acetaldehyde Prices, Trend & Forecasts | Provided by Procurement Resource
Product Name - Acetaldehyde
Currency - US$ (Data can also be provided in local currency)
Customization Scope - The report can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
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