The Global Market for Acetaldehyde is Projected to Exceed 1.4 Million Tons by 2022

Rising Use of Acetaldehyde in the Production of Various Organic Chemicals Sustain Market Growth, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Acetaldehyde market. The global market for Acetaldehyde is projected to exceed 1.4 million tons by 2022, driven by the growing use of acetaldehyde as a platform chemical in the production of various organic chemicals.

Despite the decline in demand for acetaldehyde in recent years due to the worldwide commercialization of more effective processes and technologies for the production of acetic acid that was originally produced using acetaldehyde, consumption of acetaldehyde is expected to be stable in the coming years due to its increasing use as a platform chemical for the production of various organic chemicals. These derivatives in turn serve as platform chemicals for the production of a host of compounds with wide-ranging applications spanning multiple sectors including construction, paints and coatings, food preservatives, pharmaceuticals, and cosmetics, among others. Other uses of acetaldehyde that are expected to benefit demand in the coming years include as a flavoring agent and adjuvant; as food additive in baked goods, soft drinks, deserts, milk and candy products; and as a synthetic flavoring ingredient for adding butter, orange and apple flavors to a food product. The chemical is also utilized in the production of yeast and vinegar coupled with application as a fish and fruit preservative.

Steady growth in consumption of acetaldehyde, also known as ethanal, from other key applications including pyridines and pentaerythritol also augurs well for the market. Although consumption in these applications is unlikely to compensate for the decline in use of acetaldehyde for producing acetic acid, it is nevertheless expected to drive marginal growth in consumption in the years ahead. Expanding applications for glyoxal/glyoxylic acid, where acetaldehyde is used as an intermediary, is also expected to benefit market prospects in the near term. However, acetaldehyde has come under disrepute in recent years with the emergence of several scientific studies highlighting the carcinogenic, toxic and air-polluting properties of the chemical thereby hampering consumption.

As stated by the new market research report on Acetaldehyde, China represents the largest market worldwide. Although use of acetaldehyde in the production of acetic acid was discontinued in majority of the countries worldwide, China continued to use the same process until recently. Japan represents the fastest growing market registering a CAGR of 3.2% over the analysis period driven by the usage of acetaldehyde for the production of butadiene on a commercial scale.

Key players covered in the report include Ashok Alco - chem Limited (AACL), Celanese Corporation, Eastman Chemical Company, Jubilant Life Sciences Limited, LCY Group, Laxmi Organic Industries, Lonza Group Ltd., Naran Lala Pvt. Ltd., SEKAB, Showa Denko K.K., and Sumitomo Chemical Co., Ltd., among others.

The research report titled “Acetaldehyde: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, and drivers. The report provides market estimates and projections in volume (Tons) for major geographic markets including the US, Canada, Japan, Europe, China, Asia-Pacific (excluding China and Japan), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America). Key end-use segments analyzed for the global market include Acetate Esters, Pentaerythritol, Pyridine & Pyridine Bases, and Others.

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