Acetaldehyde Market is projected to reach 2,367.0 Mn by 2027 | Ashok Alco – chem Limited, Celanese Corporation, Chempure Private Limited, Eastman Chemical Company, Jubilant Life Sciences Limited

The global acetaldehyde market accounted for US$ 1,329.4 Mn in 2018 and is expected to grow at a CAGR of 6.7% during the forecast period 2019 - 2027, to account for US$ 2,367.0 Mn by 2027.

The recent report titled “The Acetaldehyde Market” and forecast to 2027 published by The Insight Partners is a focused study encompassing the market segmentation primarily based on type and application. The report investigates the key drivers leading to the growth of the Acetaldehyde Market during the forecast period and analyzes the factors that may hinder the market growth in the future. Besides, the report highlights the potential opportunities for the market players and future trends of the market by a logical and calculative study of the past and current market scenario.

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APAC accounted for the largest share of the global acetaldehyde market. The growth of the market in this region is primarily attributed to the growing manufacturing industry in countries such as China, India, Japan, and South Korea. India also offers huge market potential due to emerging players in the chemicals, plastics and synthetic rubber, food & beverages, paints and coatings, and pharmaceuticals and cosmetics industries. Moreover, in the agriculture industry, acetaldehyde is used in the production of methomyl. The chemical is also used to make acetaldoxime, which is used as an insecticide.

The Asia Pacific region has a well-established agriculture sector, and the demand for insecticides is growing over the past few years. This factor is projected to propel the demand for acetaldehyde. In the pharmaceutical industry, acetaldehyde is used in the production of sedatives and tranquilizers. Therefore, the growth of this industry in India is projected to boost the acetaldehyde market over the forecast period.

The key market players profiled in the report are: Ashok Alco – chem Limited (AACL), Celanese Corporation, Eastman Chemical Company, LCY CHEMICAL CORP., Jubilant Life Sciences, Lonza Group Ltd., Merck KGaA, SEKAB, Showa Denko Group, Sumitomo Chemical Co., Ltd.

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Strategic Insights

New product development strategy was adopted by the key players in the global Acetaldehyde market. Few of the recent developments in the global acetaldehyde market are listed below:

2019: Sekab launched bio- based acetaldehyde which is a fully sustainable chemical used in a wide variety of application. Sekab is the only company in Europe that offers renewable acetaldehyde to the chemical industry.

The market study also covers the critical details on the positions and hold of the influence of the top ten players on the market. It provides detailed analysis of these global players covering their market share, financial statements for last three years, recent developments and product launches for the past five years, a descriptive SWOT analysis, and the competitive landscape in detail. The report intends to give readers an accurate picture of the market and its state in the coming years.

Key Insights that the report covers:

1. Key drivers, restraints, and prevailing trends
2. Acetaldehyde Market size, growth rate, and opportunities
3. Market share and position of the top players
4. PEST Analysis of the five major regions
5. Detailed SWOT analysis of top 10 companies
6. Recent developments and new product launches
7. Major challenges faced by the market players

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This release was published on openPR.