Global Acetaldehyde Market intelligence with competitive landscape in 2022
The report "Acetaldehyde Market by Process (Wacker Process, Oxidation of Ethanol, Dehydrogenation of Ethanol), Derivative (Pyridine & Pyridine Bases, Pentaerythritol), Application (Food & Beverage, Chemicals, Paints & Coatings), and Region - Global Forecast to 2022" published by MarketsandMarkets™, the Acetaldehyde Market is estimated at USD 1.33 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 6.24% during the forecast period The growth of the Acetaldehyde Market is primarily driven by developments in the food & beverage, paper & pulp, pharmaceutical, and water treatment applications. In addition, increasing use of acetaldehyde in derivative, such as pyridines and pentaerythritol in emerging economies are influencing the growth of the Acetaldehyde Market. Expansions and acquisitions undertaken by key market players are further fueling market growth.
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The global demand for acetaldehyde is reducing, primarily due to the lower consumption of acetaldehyde for the manufacture of acetic acid. The acetic acid manufacturing industry continues to move towards the methanol carbonylation process which is more efficient compared to production using acetaldehyde. The phasing out of acetic acid production with the use of acetaldehyde is restraining the growth of acetaldehyde market.
Table Of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Acetaldehyde Market, By Process
7 Acetaldehyde Market, By Derivative
8 Acetaldehyde Market, By Application
9 Acetaldehyde Market, By Region
10 Competitive Landscape
11 Company Profiles
12 Appendix
Major players, such as Celanese (US), Eastman (US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa Denko (Japan), Jubilant Life Sciences (India), Lonza (Switzerland), LCY Chemical (Taiwan), and Ashok Alco-chem (India) have adopted key growth strategies, such as expansions and acquisitions to strengthen their footholds in the Acetaldehyde Market.
The acetaldehyde market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. This growth can be attributed to the easy availability of raw materials used for the manufacture of acetaldehyde. The Asia Pacific region provides expansion opportunities for acetaldehyde manufacturers, owing to the low cost of manufacture in China, South Korea, and India. Limited regulations related to the use and manufacture of acetaldehyde in the Asia Pacific are further influencing the growth of the acetaldehyde market in this region.
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