[Online Quarterly Update] Acetaldehyde market demand has grown to 950 thousand tonnes in 2020 and is anticipated to achieve a healthy CAGR of 3.8% in the forecast period until 2030. Acetaldehyde (CH3CHO) also known as Ethanal, is an organic chemical compound that is produced on a large industrial scale. It is a colorless liquid that is highly reactive and toxic in nature with a strong, fruity odor. Acetaldehyde occurs naturally in coffee, bread, cheese, ripe fruit, etc., and is also produced by plants. There are different methods for the production of Ethanal including oxidation of ethanol, oxidation of ethylene, ethanol dehydrogenation, and others.
Ethanal is widely utilized in the manufacturing of various types of building materials, synthetic lubricants, and explosives, fire protection paints, vitamins, drugs, sleeping aids, sedatives, perfumes, dyes, etc. It is extensively used to synthesize various chemicals such as Acetic acid, disinfectants, and others. Acetaldehyde also finds its application as a flavoring and preservative agent in the food and beverages industry. Rapidly growing demand for Ethanal for fruit & fish flavoring and preservation purposes is likely to provide robust market growth of Acetaldehyde in the upcoming years. The increasing demand for basic dyes and polymer resins is augmenting the growth of the acetaldehyde industry in the next few years.
On the basis of the end-use industry, the Ethanal market is segmented into food & beverages, automotive, chemical, pulp & paper, pharmaceuticals, and others. The food and beverages segment accounted for the largest share in the Acetaldehyde market globally. Rising demand from the automotive and aviation industries will accelerate the Acetaldehyde market around the globe in the upcoming years. Depending upon different types, the Acetaldehyde market is divided into Pyridine and Pyridine bases, Acetic acid, Acetate Esters, Ethylene Acetate, Butylene Glycol, and others.
Continuously growing demand for Acetaldehyde for the manufacturing of acetic acid is anticipated to boost the Acetaldehyde market globally in the forecast period.
According to the International Agency for Research on Cancer (IARC), Acetaldehyde is considered a Group 1 carcinogen. Long-term exposure to Acetaldehyde and its vapors can result in irritation of the eyes, skin, and respiratory tract, and can potentially cause problems with brain activity, which can further hinder the Acetaldehyde market growth in the future.
In 2020, the Ethanal market was negatively affected across the globe due to the outbreak of coronavirus. Leading authorities in many countries imposed countrywide lockdowns and strict social distancing norms that led to the severe decline in demand for Acetaldehyde and caused disruption in the global supply chain. However, the demand from end-user industries such as food and beverages and Pharmaceuticals has shown exponential growth in the Acetaldehyde market due to the increased demand for consumer goods during the first half of 2020.
Among different regions, the Asia Pacific region is dominating the Ethanal market across the globe and is expected to maintain its dominance until 2030 owing to the increasing demand from the food and beverages industry. The rapidly growing population in India and China is propelling the demand for Acetaldehyde for food preservation, which is likely to boost the Acetaldehyde market in the Asia Pacific region in the upcoming years.
Major players operating in the Acetaldehyde market include Eastman, Jubilant Life Sciences, Celanese, LCY Chemical, Merck KGaA, Sumitomo Chemical, Showa Denko, Lonza, Sekab, Ashok Alco – Chem, Laxmi Organic Industries Ltd., Naran Lala Pvt. Ltd., and Others.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of Acetaldehyde which covers production, demand, and supply of Acetaldehyde market globally.
• To analyse and forecast the market size of Acetaldehyde.
• To classify and forecast Acetaldehyde market based on application, technology, end-use and regional distribution.
• To identify drivers and challenges for Acetaldehyde market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Acetaldehyde market.
• To identify and analyse the profile of leading players involved in the manufacturing of Acetaldehyde.
To extract data for Acetaldehyde market, primary research surveys were conducted with Acetaldehyde manufacturers, suppliers, distributors, wholesalers, and end users. 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 end user segments and projected a positive outlook for Global Acetaldehyde market over the coming years.
ChemAnalyst calculated Acetaldehyde demand globally by analyzing the historical data and demand forecast which was carried out considering imported Acetaldehyde, styrene prices, monomers used for production of 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, Acetaldehyde market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume in 2020
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950 Thousand Tonnes
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Growth Rate
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CAGR of 3.8% from 2021 to 2030
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Base year for estimation
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2020
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Historic Data
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2015 – 2019
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Forecast period
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2021 – 2030
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Quantitative units
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Revenue in USD million/billion and CAGR from 2021 to 2030
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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1. Application (Perfumes, Preservatives, Building Materials, Drugs, Dyes, and Others)
2. End-Use (Food & Beverages, Automotive, Chemical, Pulp & Paper, Pharmaceuticals, and Others)
3. Sales Channel (Direct Company Sale, Direct Import, Distributors & Traders)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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Eastman, Jubilant Life Sciences, Celanese, LCY Chemical, Merck KGaA, Sumitomo Chemical, Showa Denko, Lonza, Sekab, Ashok Alco – Chem, Laxmi Organic Industries Ltd., Naran Lala Pvt. Ltd., and Others.
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
