Allied Market Research

2024

Acetaldehyde Market

Acetaldehyde Market Size, Share, Competitive Landscape and Trend Analysis Report by Process, by Derivative and by End-Use Industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Bulk Chemicals

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Author's: | Eswara Prasad
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Acetaldehyde is an aldehyde produced by reducing carboxyl group in acetic acid. In tobacco smoke, it is the most prevalent carcinogen. It is one of the most important aldehydes occurring widely in nature and manufactured in enormous quantities in industries. Acetaldehyde is most commonly used as an intermediary in production of several compounds. It is formed in the body from the breakdown of ethanol and is abundant in the environment. It is primarily used in manufacture of polyester resins, perfumes, and basic dyes. Moreover, it is also used for a variety of other purposes including gelatin hardening, alcohol denaturation, fruit & fish preservation, flavoring, fuel compositions, and as a catalyst in rubber, tanning, and paper industries.

Covid-19 Impact Analysis

  • Due to government-imposed lockdowns, travel bans, and company shutdowns, the COVID-19 pandemic is wreaking havoc on economies and businesses in a number of countries. The chemical and materials industry is one of the most disrupted, with supply chain failures, technological event cancellations and workplace closures.
  • Closure of numerous plants and factories in North America, Europe, Asia-Pacific, South America, the Middle East, and Africa has hampered the global supply chain and harmed manufacturing, delivery schedules, and product sales.
  • Several corporations have already forecasted possible delays in product deliveries and a drop in future product sales.
  • Travel prohibitions implemented by European, Asian, and North American countries are obstructing corporate collaborations and partnerships. All of these issues are impeding activities of chemical and materials sectors, as well as expansion of various markets associated to this industry.
  • Demand for acetaldehyde is expected to rise significantly in next months as economies prepare to restore their operations. Furthermore, increase in demand for acetaldehyde in disinfectant manufacture is anticipated to drive activities for the same during pandemic. Moreover, considerable investments by well-known firms in creation of innovative products is another aspect that is assisting the market expansion.

Top Impacting Factors

With change in food habits and requirement for extended shelf-life of foods, acetaldehyde is widely utilized as a flavoring ingredient and as preservative in the food & beverages industry, which is projected to accelerate the market expansion. It is also used to harden gelatin, which increases its demand from photography, pharmaceutical, and cosmetic industries. In addition, owing to strong demand from paints and coatings industries, use of acetaldehyde in the production of polymer resins and basic dyes is expected to accelerate the market growth. Consumer expenditure on food is expected to rise by 2030, indicating that the global food and beverages industry is growing. This development is fueled by increase in healthy lifestyles, middle-class income, and global population.

Market trends

  • Acetaldehyde is a kind of acetic acid aldehyde. Ethanol, acetic aldehyde, and ethyl aldehyde are some of the other names for it. It is usually found in trace amounts in fermented foods including milk, soy, canned vegetables, and non-alcoholic beverages.
  • Countries are spending more money and time on the internet as they become more digitalized, which is one of the main reasons why businesses are changing their advertising to social media platforms. Advertisements are critical components of every end-marketing product strategy. Without it, the rate of end-product growth becomes sluggish.
  • The chemical is added to several pastries, fruit drinks, sweets, and milk products as a food-flavoring agent.
  • Acetaldehyde business is expected to increase in the coming years due to increased demand for polymer resins and basic colors produced using this chemical.
  • Eastman, Jubilant Life Sciences, Celanese, LCY Chemical, Merck Kgaa, Sumitomo Chemical, Showa Denko, Ashok Alco – Chem, Lonza, and Sekab are some of the prominent players in the acetaldehyde Market
  • The global food & beverages sector is expanding and consumer spending on food goods is predicted to increase by 2030. Rise in healthy lifestyles and middle-class income, as well as the global population drive this expansion.
  • The food and beverages sector is one of the most important markets in Japan, Europe, and America. Emerging economies, especially Asia, are increasingly contributing toward growth of the food & beverages business.
  • Strong demand for acetaldehyde demand from paints and coating industries for production of polymer resins and basic dyes is expected to drive the market expansion.

Key Benefits of the Report

  • This study presents analytical depiction of the acetaldehyde industry along with the current trends and future estimations to determine imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the acetaldehyde market share.
  • The current market is quantitatively analyzed to highlight the acetaldehyde market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed acetaldehyde market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Acetaldehyde Market Report

  • Who are the leading market players active in the acetaldehyde market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps in the market?
  • What is acetaldehyde?
  • What does acetaldehyde market allow organizations to achieve?
  • Which technologies combine to make acetaldehyde a critical organizational asset?
  • What is acetaldehyde market prediction for the future?
  • Who are the leading global players in the acetaldehyde market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the acetaldehyde market?
  • What are the key benefits of the acetaldehyde market report?
  • What will be the anticipated growth rates for the acetaldehyde market economy altogether and for every included segment?                                                            

Acetaldehyde Market Report Highlights

Aspects Details
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By Process
  • Oxidation of Ethanol
  • Oxidation of Ethylene
  • Dehydrogenation of Ethanol
  • Others
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By Derivative
  • Pentaerythritol
  • Pyridine and Pyridine bases
  • Acetic Acid
  • Others
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By End-Use Industry
  • Pharmaceutical
  • Plastic
  • Chemicals
  • Food and Beverages
  • Paint and Coatings
  • Paper and Pulp
  • Other
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Rest of LAMEA)
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Key Market Players

Lanxess, Khang Hai Food and Chemical Joint Stock Company., Eastman Chemical Company, Mitsui Chemicals, Dow Chemical Company, Shell Chemicals, Solvay S.A., LyondellBasell Industries, SABIC, Formosa Plastics Corporation

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Acetaldehyde Market

Global Opportunity Analysis and Industry Forecast, 2023-2032