Report Code: A11952 | Pages: NA | Jul 2023 | 1741 Views | ||
Author(s) : Eswara P | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Acetaldehyde Market
Request Now !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
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.
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Acetaldehyde Market Report Highlights
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