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
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 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:
Attribute
Details
Market size volume in 2020
950 Thousand Tonnes
Growth Rate
CAGR of 3.8% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2021 – 2030
Quantitative units
Revenue in USD million/billion and CAGR from 2021 to 2030
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)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
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
12.7.4.Argentina Acetaldehyde Demand-Supply Scenario, 2015-2030, By Volume
12.7.4.1.Demand
12.7.4.2.Supply
12.7.4.3.Gap
12.7.5.Argentina Acetaldehyde Demand Outlook, 2015-2030, By Volume
12.7.5.1.By End use
12.7.5.2.By Application
12.7.5.3.By Sales Channel
12.7.5.4.By Company Share (At least top 3 companies’ market share
12.7.5.5.By Region
13.Country-wise Import
14.Country-wise Export
15.News and Deals
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Clients & Testimonials
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
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
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.
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.
