Acetaldehyde Market Forecasts to 2028 – Global Analysis By Process (Dehydrogenation of Ethanol, Oxidation of Ethanol), Type (Ethanol, Ethylene), Quality (Premium Grade, Qualified Product) and By Geography
According to Stratistics MRC, the Global Acetaldehyde Market is accounted for $1,520.24 million in 2020 and is expected to reach $2,793.08 million by 2028 growing at a CAGR of 7.9% during the forecast period. Rising usage as preservative ingredient, growing demand from paints and coating industries and huge demand for pyridines in developing regions are driving the market growth. However, its lower consumption in the manufacturing of acetic acid and availability of its substitutes are hampering the growth of the market.
Acetaldehyde is a kind of acetic acid aldehyde chemical compound and is considered to be topmost consumed aldehydes globally for different industrial applications. It is primarily used in manufacture of polyester resins, perfumes, and basic dyes. Acetaldehyde is most commonly used as an intermediary in production of several compounds.
Based on the derivative, the pyridine & pyridine bases segment is going to have lucrative growth during the forecast period as they are highly soluble in alcohol, water, benzene, and ether. These derivatives act as scavengers and are used as catalysts in several reactions. It is also used as a plasticizer in the plastic industry and as a paint binder in the paint industry. Furthermore, it is used as a raw material in pesticides.
By geography, Asia Pacific is going to have high growth during the forecast period attributed to the increasing demand from the major agricultural countries such as India, China, and Japan drives the market in this region. Moreover, due to rising industrialization and infrastructural development in this region the use of acetaldehyde became an important chemical.
Some of the key players profiled in the Acetaldehyde Market include Celanese Corporation, Eastman Chemical Company, Merck KGaA, Sumitomo Corporation, Jubilant Life Sciences Ltd., Lonza Group, China National Petroleum Corporation, Sekab, Amadis Chemical Company Limited, Penta Manufacturing Company, Godavari Biorefineries Ltd, Ashok Alco-chem Ltd and LCY Chemical Corp.
Estimated Market Size in 2020:
USD 1,520.24 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 2,793.08 million
Tables, Graphs& Figures
Process, Derivative , Quality, Type, Application, End User and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Dehydrogenation of Ethanol
• Oxidation of Ethylene (Hoechst-Wacker Process)
• Oxidation of Ethanol
• Other Processes
• Ethyl Acetate (Acetate Esters)
• Pyridine & Pyridine Bases
• Peracetic Acid
• Acetic Acid (Acetic Anhydride)
• Other Derivatives
• Premium Grade
• Qualified Product
• Ethanol Type
• Ethylene Type
• Plastics & Synthetic Rubber
• Basic Dyes
• Building Materials
• Water Treatment
• Fruit & Fish Preservative and Flavoring
• Paints & Coatings
• Adhesives and Resins
End Users Covered:
• Pharmaceuticals & Cosmetics
• Food & Beverage
• Paper & Pulp Bleaching
• Chemical Synthesis
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Acetaldehyde Market is majorly driven by rising usage as preservative ingredient, growing demand from paints and coating industries and huge demand for pyridines from developing regions.
The pyridine & pyridine bases segment is growing at a highest CAGR as these derivatives act as scavengers and are used as catalysts in several reactions and are highly soluble in alcohol, water, benzene, and ether.
Asia Pacific dominated with a significant market share due to the factors such rising industrialization and infrastructural development and moreover due to the increasing demand from the major agricultural countries such as India, China, and Japan.
North America market is growing at a highest CAGR due to increasing use of acetaldehyde as an important chemical intermediate in various applications, such as food & beverage, chemicals, plastics, and paints & coatings is driving the acetaldehyde market in the North America.
Key players in Acetaldehyde Market include Celanese Corporation, Eastman Chemical Company, Merck KGaA, Sumitomo Corporation, Jubilant Life Sciences Ltd., Lonza Group, China National Petroleum Corporation, Sekab, Amadis Chemical Company Limited, Penta Manufacturing Company, Godavari Biorefineries Ltd, Ashok Alco-chem Ltd and LCY Chemical Corp.
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