Acetaldehyde Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 - 2023
- Transparency Market Research
- Chemicals and Materials
Acetaldehyde, an organic compound,is one of the most important aldehydes produced and consumed globally for different industrial applications. Acetaldehyde occurs naturally and is also produced on a large scale commercially in various parts of the world. Natural sources of the compound include bread, coffee, fruits, and plants. Acetaldehyde is primarily used in the production of chemical compounds such as peracetic acid, pentaerythritol, acetate esters, acetic acid, acetic anhydride, 1,3-butylene glycol, and pyridine.The market for acetaldehyde is primarily expected to be driven by the downstream markets that use the compound as a key raw material.In terms of region, Asia Pacific is anticipated to be the major market for acetaldehyde during the forecast period. However, the global market for acetaldehyde is estimated to expand at a sluggish rate,as most downstream productsare projected to be manufactured with better raw material sources such as methanol.
Acetaldehyde is commercially manufactured through oxidation of ethylene through the copper system (Wacker process). Acetaldehyde can also be produced through hydration of acetylene using mercuric salts as catalyst. Other methods of production such as partial dehydrogenation of ethanol are not used currently, considering the cost and yield dynamics associated with the reaction.Growth in the global peracetic acid and acetic acid markets is projected to be one of the key factors driving the global acetaldehyde market. However, availability of better substitutes for acetaldehyde as a raw material is likely to hamper the market in the next eight years.Demand for acetaldehyde in the production chemical compounds such as peracetic acid and acetic acidmentioned above for application in diverse end-user industries such as food and beverage, pulp and paper bleaching, water treatment, medical, and agriculture is expected to drive the global acetaldehyde market in the next few years.
Asia Pacific is likely to be the major market for acetaldehyde in the next few years primarily due torising demand for chemical compounds such as peracetic acid in emerging countries in Asia such as China, India, Indonesia, Malaysia, and Thailand. Apart from this,the countries such as Brazil, Argentina, Egypt, South Africa, Saudi Arabia, and Israel have been witnessing rapid growth in industries such as food and beverage and water treatment since the last few years. There is a massive potential for these industries in countries such as China, India, Indonesia, Thailand, and Brazil owing to rapid rise in the population of these countries and the increasing purchase parity of consumers. As a result, demand for food and beverage and water treatment chemicals is estimated to increase at a significant rate in the next few years. This would eventually lead to high demand for chemicals such as peracetic acid in these emerging countries. Brisk growth infood and beverage, pulp and paper bleaching, water treatment, medical, and agriculture industries across the globe, especially in emergingnations, is anticipated to drive the global acetaldehyde market in the next few years. Additionally, the U.S. and countries in Europe are slowly recovering from the economic crisis. Furthermore, governments of developed countries in North America and Europe are largely focusing on the usage of easily disposable biocidal chemicals such as peracetic acid. Due to these factors, the global acetaldehyde market is expected to witness large demand as a precursor in the production of acetic acid and peracetic acid in the next few years. Major players operating in the acetaldehyde market are primarily focusing on developing countriesto tap their immense market potential. These companies are building extensive manufacturing facilities in developing countries to meet the increasing demand for acetaldehyde in various end-user industries. Therefore, the global acetaldehyde market is projected to experience decent growth in the next six years.
Some of the key players operating in the acetaldehyde market include SEKAB and Eastman Chemical Company.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals and Materials
Chemicals and MaterialsAcetaldehyde Market - Global Industry Analysis, Size, Share, Trends and Forecast 2015 - 2023
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects