H1 2023: In the Indian market, acetaldehyde prices fluctuated during H1 2023. The prices have stayed on the low end till March 2023. The moderate number of inquiries from the downstream food additive businesses did not result in any improvements in the price movements of acetaldehyde in India. The strain on the supply side rose due to excess of goods inventories. Therefore, the manufacturers decided to change prices in order to keep the Indian market balanced. Late in March, the inflationary pressures decreased which boosted the purchase activities in India. On the other hand, in April 2023, acetaldehyde prices fell in the Chinese market, supported by a moderate demand and low feedstock prices. In the meanwhile, the Chinese market had hazy demand for downstream food and beverage preservatives. Small orders constituted the bulk of the downstream procurement. Given that feedstock ethanol prices declined in the Chinese market, the cost pressure from the feedstock was also minimal. In H1 2023, the acetaldehyde market in US experienced a bullish movement. Due to increased demand for acetaldehyde as a food preservative from downstream food and beverage producers, acetaldehyde prices went on an upward trajectory in the American market. The cost of producing acetaldehyde in the domestic market rose due to rise in ethanol costs on the upstream side. Additionally, operating rates in the US market was steady to keep up with the high downstream demand.
The global Acetaldehyde market demand stood at approximately 1140 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.50% during the forecast period until 2032.
Acetaldehyde (CH3CHO) also known as Ethanal is an organic chemical compound. It is a colorless liquid with a strong, fruity odor. There are different methods to produce Acetaldehyde including oxidation of ethanol, oxidation of ethylene, ethanol dehydrogenation, and others. Acetaldehyde is widely utilized in the manufacturing synthetic lubricants, vitamins, drugs, sleeping aids, sedatives, perfumes, dyes, etc.
The primary factor driving the Acetaldehyde Market is the rising demand for acetaldehyde as an intermediary in the manufacture of common chemical compounds. Furthermore, Acetaldehyde also finds application as a flavoring and preservative agent in the food and beverages industry. Rapidly growing demand for Acetaldehyde for fruit flavoring and food preservation is likely to provide thrust to Acetaldehyde market expansion in the upcoming years. The increasing demand for basic dyes and polymer resins which are anticipated to further contribute to the growth of the acetaldehyde market. A number of chemicals and pharmaceutical products are produced using acetaldehyde as a raw material or an intermediate chemical. It is extensively employed in the production of pyridine and its derivatives such as, pentaerythritol, acetic acid, peracetic acid, and ethyl acetate, as well as derivatives thereof. These compounds have a wide range of uses in various end-use industries, particularly in the chemical and pharmaceutical industries. The Acetaldehyde Market is likely to reach 1780 tonnes by 2032.
Based on region, Asia Pacific is dominating the Acetaldehyde market and is anticipated to maintain its dominance in the forecast period as well. The requirement for acetaldehyde for the application in chemical sector for producing coatings for infrastructure and automotives is increasing due to the rapidly expanding populations in China and India, which will likely expand the Asia Pacific Acetaldehyde market in the approaching years.
Based on the end-user industry, the global Acetaldehyde market is segmented into Chemical Synthesis, Food & Beverages, Pharmaceuticals & Cosmetics, Paints & Coatings, and Others. Among these, the Chemical Synthesis sector is dominating the global Acetaldehyde market and accounted a market share of approximately 32% in 2022. The demand for food products with a longer shelf life and the widespread usage of acetaldehyde as a flavoring and fruit and fish preservative in the food and beverage industry are expected to drive market growth.
Major players in the production of Global Acetaldehyde are Eastman, Jubilant Life Sciences, Celanese, LCY Chemical, Sumitomo Chemical, Showa Denko, Lonza, Sekab, Ashok Alco – Chem, Laxmi Organic Industries Ltd., Merck KGaA, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Acetaldehyde which covers production, demand and supply of Acetaldehyde market in the globe.
• To analyse and forecast the market size of Acetaldehyde
• To classify and forecast Global Acetaldehyde market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetaldehyde market in the globe.
To extract data for Global Acetaldehyde market, primary research surveys were conducted with Acetaldehyde manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Acetaldehyde market over the coming years.
ChemAnalyst calculated Acetaldehyde demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Acetaldehyde. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acetaldehyde manufacturers and other stakeholders
• Organizations, forums and alliances related to Acetaldehyde distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acetaldehyde manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Acetaldehyde market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1140 thousand tonnes
Market size Volume in 2032
1780 thousand tonnes
Growth Rate
CAGR of 4.50% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Chemical Synthesis, Food & Beverages, Pharmaceuticals & Cosmetics, Paints & Coatings, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was global market size of Acetaldehyde in terms of volume in 2022?
Ans:
The global market size of Acetaldehyde has reached approximately 1140 thousand tonnes in 2022.
Q2.
Which industry is leading as a consumer of Acetaldehyde?
Ans:
Chemical Synthesis industry is the leading consumer of Acetaldehyde, which consumed roughly 32% of the global Acetaldehyde market in 2022.
Q3.
Do you offer Single or Enterprise license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database)
Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.