Acetaldehyde Market is Expected to Grow at a CAGR of 6.7% from 2019 – 2027

Latest market study on “Global Acetaldehyde Market to 2027 – Analysis and Forecasts by Process (Oxidation of Ethylene, Oxidation of Ethanol, Dehydrogenation of Ethanol, and Others), Derivative (Pyridine and Pyridine Bases, Pentaerythritol, Acetic Acid, and Others), Application (Chemicals, Plastics & Synthetic Rubber, Food & Beverages, Paints & Coatings, Pharmaceutical & Cosmetics, Paper & Pulp, and Others), and Geography”, The global acetaldehyde market is accounted to 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 to US$ 2,367.0 Mn by 2027. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

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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.

Chemicals and materials industry is among the fastest-growing sectors of the manufacturing industry. The global chemical industry has witnessed a significant structural change in recent years, including the shift of manufacturing locations to Asian countries and newly emerging technologies. Furthermore, the development of advanced materials has proved a breakthrough in the designing of new products for construction, defense, and healthcare. Ongoing research on carbon Nanomaterial’s, activated carbon, titanium, and other materials hold promising growth prospects for the industry.

The developed and developing Asian countries, such as China, India, South Korea, and Australia, provide a huge market growth perspective for many small and large players operating in the acetaldehyde market. The rapid industrial development in these countries is projected to boost market growth over the forecast period. Acetaldehyde has applications in a wide range of industries, including chemicals, plastics, and synthetic rubber, food & beverages, paints and coatings, pharmaceuticals and cosmetics, and paper and pulp, among others. The chemical, plastic, rubber, food, and beverage industries in these countries are well established in this region, which is further propelling the acetaldehyde market in APAC. The low cost of manufacturing in India, China, and South Korea, coupled with the easy availability of raw materials, are the additional factors driving the acetaldehyde market. Further, limited government regulations for the use and manufacture of acetaldehyde in APAC countries also positively influence the growth of the acetaldehyde market in this region.

Leading companies profiled in the report are

• Ashok Alco – chem Limited
• Celanese Corporation
• Chempure Private Limited
• Eastman Chemical Company
• Jubilant Life Sciences Limited
• Lonza Group Ltd
• LYC Chemical Corp.
• Merck KGaA
• Sekab
• Sumitomo Chemical Co., Ltd.

The global acetaldehyde market by application has been segmented into chemicals, plastics & synthetic rubber, food & beverages, paints & coatings, pharmaceutical & cosmetics, paper & pulp, and others. The acetaldehyde market for the paints & coatings application is projected to grow at the fastest pace over the forecast period. Acetaldehyde is used as a binder in paints and coating substances for the modification of gloss and rheology. It is used as a raw material for the manufacturing of pentaerythritol, which is used in the synthesis of Alkyd resins, fatty acid resin, and tall oil esters; it is also used as intumescents in flame retardant paints. It is used in wooden varnished, laminate, linoleum, and cork/pine flooring. The chemical also finds applications in plastic water-based and matt emulsion paints used for wood ceilings, and wooden, particle-board, plywood, pinewood, and chipboard furniture. Therefore, the elevating use of acetaldehyde in the paints and coating application is projected to boost the demand for this compound over the forecast period.

The report provides exclusive company details, including their financial overview, product/ services offered, notable developments, and SWOT analysis with respect to the Acetaldehyde Market. With major players’ focus on organic and inorganic growth strategies, the Acetaldehyde Market is anticipated to lucrative opportunities in the coming years.

The report provides exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.

The report acknowledges the following key Elements:

• Acetaldehyde Market size and growth rate in the forecast period.
• Key market trends affecting the Acetaldehyde Market.
• Drivers and challenges to market growth.
• SWOT analysis of top players in the Global Acetaldehyde Market.
• Market initiatives by the leading vendors.
• PEST analysis across five major regions.

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