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.
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Report Coverage |
Details |
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Published Year: |
2021 |
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Estimated Market Size in 2020: |
USD 1,520.24 million |
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Estimated Period: |
2020 |
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Compound Annual Growth Rate (CAGR) from 2020 to 2028: |
7.9% |
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Predicted 2028 Value: |
USD 2,793.08 million |
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Forecast Years: |
2021-2028 |
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Tables, Graphs& Figures |
306 |
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Chapters Covered: |
Process, Derivative , Quality, Type, Application, End User and Region |
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Core Drivers and Opportunities: |
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Restraining Factors & Market Threats: |
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Processes Covered:
• Dehydrogenation of Ethanol
• Oxidation of Ethylene (Hoechst-Wacker Process)
• Oxidation of Ethanol
• Other Processes
Derivatives Covered:
• Ethyl Acetate (Acetate Esters)
• Pyridine & Pyridine Bases
• Peracetic Acid
• Pentaerythritol
• Acetic Acid (Acetic Anhydride)
• Other Derivatives
Qualities Covered:
• Premium Grade
• Qualified Product
Types Covered:
• Ethanol Type
• Ethylene Type
Applications Covered:
• Drugs
• Plastics & Synthetic Rubber
• Vinegar
• Basic Dyes
• Building Materials
• Water Treatment
• Fruit & Fish Preservative and Flavoring
• Paints & Coatings
• Perfumes
• Adhesives and Resins
End Users Covered:
• Agriculture
• Pharmaceuticals & Cosmetics
• Food & Beverage
• Automotive
• Paper & Pulp Bleaching
• Chemical Synthesis
• Petrochemicals
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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.
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Acetaldehyde Market, By Process
5.1 Introduction
5.2 Dehydrogenation of Ethanol
5.3 Oxidation of Ethylene (Hoechst-Wacker Process)
5.3.1 One-Stage Process
5.3.2 Two-Stage Process
5.4 Oxidation of Ethanol
5.5 Other Processes
5.5.1 Hydroformylation of Methanol
5.5.2 Hydration of Acetylene
6 Global Acetaldehyde Market, By Derivative
6.1 Introduction
6.2 Ethyl Acetate (Acetate Esters)
6.3 Pyridine & Pyridine Bases
6.4 Peracetic Acid
6.5 Pentaerythritol
6.6 Acetic Acid (Acetic Anhydride)
6.7 Other Derivatives
6.7.1 Chloral
6.7.2 Peracetic Acid
6.7.3 Butylene Glycol
7 Global Acetaldehyde Market, By Quality
7.1 Introduction
7.2 Premium Grade
7.3 Qualified Product
8 Global Acetaldehyde Market, By Type
8.1 Introduction
8.2 Ethanol Type
8.3 Ethylene Type
9 Global Acetaldehyde Market, By Application
9.1 Introduction
9.2 Drugs
9.3 Plastics & Synthetic Rubber
9.4 Vinegar
9.5 Basic Dyes
9.6 Building Materials
9.7 Water Treatment
9.8 Fruit & Fish Preservative and Flavoring
9.9 Paints & Coatings
9.10 Perfumes
9.11 Adhesives and Resins
10 Global Acetaldehyde Market, By End User
10.1 Introduction
10.2 Agriculture
10.3 Pharmaceuticals & Cosmetics
10.4 Food & Beverage
10.5 Automotive
10.5.1 Acoustic Parts
10.5.2 Steering Wheels
10.5.3 Car Seats
10.6 Paper & Pulp Bleaching
10.7 Chemical Synthesis
10.7.1 Polyester Resin
10.7.2 Fertilizers
10.8 Petrochemicals
11 Global Acetaldehyde Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Celanese Corporation
13.2 Eastman Chemical Company
13.3 Merck KGaA
13.4 Sumitomo Corporation
13.5 Jubilant Life Sciences Ltd.
13.6 Lonza Group
13.7 China National Petroleum Corporation
13.8 Sekab
13.9 Amadis Chemical Company Limited
13.10 Penta Manufacturing Company
13.11 Godavari Biorefineries Ltd
13.12 Ashok Alco-chem Ltd
13.13 LCY Chemical Corp
List of Tables
1 Global Acetaldehyde Market Outlook, By Region (2019-2028) ($MN)
2 Global Acetaldehyde Market Outlook, By Process (2019-2028) ($MN)
3 Global Acetaldehyde Market Outlook, By Dehydrogenation of Ethanol (2019-2028) ($MN)
4 Global Acetaldehyde Market Outlook, By Oxidation of Ethylene (Hoechst-Wacker Process) (2019-2028) ($MN)
5 Global Acetaldehyde Market Outlook, By One-Stage Process (2019-2028) ($MN)
6 Global Acetaldehyde Market Outlook, By Two-Stage Process (2019-2028) ($MN)
7 Global Acetaldehyde Market Outlook, By Oxidation of Ethanol (2019-2028) ($MN)
8 Global Acetaldehyde Market Outlook, By Other Processes (2019-2028) ($MN)
9 Global Acetaldehyde Market Outlook, By Hydroformylation of Methanol (2019-2028) ($MN)
10 Global Acetaldehyde Market Outlook, By Hydration of Acetylene (2019-2028) ($MN)
11 Global Acetaldehyde Market Outlook, By Derivative (2019-2028) ($MN)
12 Global Acetaldehyde Market Outlook, By Ethyl Acetate (Acetate Esters) (2019-2028) ($MN)
13 Global Acetaldehyde Market Outlook, By Pyridine & Pyridine Bases (2019-2028) ($MN)
14 Global Acetaldehyde Market Outlook, By Peracetic Acid (2019-2028) ($MN)
15 Global Acetaldehyde Market Outlook, By Pentaerythritol (2019-2028) ($MN)
16 Global Acetaldehyde Market Outlook, By Acetic Acid (Acetic Anhydride) (2019-2028) ($MN)
17 Global Acetaldehyde Market Outlook, By Other Derivatives (2019-2028) ($MN)
18 Global Acetaldehyde Market Outlook, By Chloral (2019-2028) ($MN)
19 Global Acetaldehyde Market Outlook, By Peracetic Acid (2019-2028) ($MN)
20 Global Acetaldehyde Market Outlook, By Butylene Glycol (2019-2028) ($MN)
21 Global Acetaldehyde Market Outlook, By Quality (2019-2028) ($MN)
22 Global Acetaldehyde Market Outlook, By Premium Grade (2019-2028) ($MN)
23 Global Acetaldehyde Market Outlook, By Qualified Product (2019-2028) ($MN)
24 Global Acetaldehyde Market Outlook, By Type (2019-2028) ($MN)
25 Global Acetaldehyde Market Outlook, By Ethanol Type (2019-2028) ($MN)
26 Global Acetaldehyde Market Outlook, By Ethylene Type (2019-2028) ($MN)
27 Global Acetaldehyde Market Outlook, By Application (2019-2028) ($MN)
28 Global Acetaldehyde Market Outlook, By Drugs (2019-2028) ($MN)
29 Global Acetaldehyde Market Outlook, By Plastics & Synthetic Rubber (2019-2028) ($MN)
30 Global Acetaldehyde Market Outlook, By Vinegar (2019-2028) ($MN)
31 Global Acetaldehyde Market Outlook, By Basic Dyes (2019-2028) ($MN)
32 Global Acetaldehyde Market Outlook, By Building Materials (2019-2028) ($MN)
33 Global Acetaldehyde Market Outlook, By Water Treatment (2019-2028) ($MN)
34 Global Acetaldehyde Market Outlook, By Fruit & Fish Preservative and Flavoring (2019-2028) ($MN)
35 Global Acetaldehyde Market Outlook, By Paints & Coatings (2019-2028) ($MN)
36 Global Acetaldehyde Market Outlook, By Perfumes (2019-2028) ($MN)
37 Global Acetaldehyde Market Outlook, By Adhesives and Resins (2019-2028) ($MN)
38 Global Acetaldehyde Market Outlook, By End User (2019-2028) ($MN)
39 Global Acetaldehyde Market Outlook, By Agriculture (2019-2028) ($MN)
40 Global Acetaldehyde Market Outlook, By Pharmaceuticals & Cosmetics (2019-2028) ($MN)
41 Global Acetaldehyde Market Outlook, By Food & Beverage (2019-2028) ($MN)
42 Global Acetaldehyde Market Outlook, By Automotive (2019-2028) ($MN)
43 Global Acetaldehyde Market Outlook, By Acoustic Parts (2019-2028) ($MN)
44 Global Acetaldehyde Market Outlook, By Steering Wheels (2019-2028) ($MN)
45 Global Acetaldehyde Market Outlook, By Car Seats (2019-2028) ($MN)
46 Global Acetaldehyde Market Outlook, By Paper & Pulp Bleaching (2019-2028) ($MN)
47 Global Acetaldehyde Market Outlook, By Chemical Synthesis (2019-2028) ($MN)
48 Global Acetaldehyde Market Outlook, By Polyester Resin (2019-2028) ($MN)
49 Global Acetaldehyde Market Outlook, By Fertilizers (2019-2028) ($MN)
50 Global Acetaldehyde Market Outlook, By Petrochemicals (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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