Global acetaldehyde market is projected to grow at a robust rate during the forecast period, 2023-2027. Acetaldehyde is an organic, colourless chemical liquid substance utilized for producing other chemicals, including acetic acid, disinfectants, drugs, perfumes, and vitamins, sleeping aids, sedatives, etc. The market growth can be attributed to the increasing use of acetaldehyde in derivatives and growing use of acetaldehyde in the food & beverage industry as a preservative. Besides, rising R&D expenditure, growing demand for pyridines, and changing consumption patterns are fuelling the adoption of acetaldehyde across the globe. Additionally, increasing use of acetaldehyde in the food & beverage industry for preparing milk products, soy products, canned vegetables, non-alcoholic beverages, fruit juices, pastries, desserts, etc. is expected to drive the market growth. However, the presence of other alternatives for the manufacturing of acetic acid might hinder the growth of the global acetaldehyde market in the coming years.
The global acetaldehyde market is segmented on the basis of process, derivative, application, and region. Based on application, the market is segmented into chemicals, food & beverage, plastics & synthetic rubber, pharmaceuticals & cosmetics, paper & pulp, paints & coatings, and others. In 2021, the food & beverage segment dominated the application segment of the acetaldehyde market due to its use as a flavouring agent in food products. However, the water treatment application segment is expected to grow at the fastest rate during the forecast period. During 2023-2027, the APAC region is expected to dominate the market due to growing opportunities for manufacturers and easy availability of raw material.
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Some of the leading players in the global acetaldehyde market are Merck KGaA, Sumitomo, Sekab, Showa Denko, Lonza, LCY Chemical, Celanese, Eastman, Jubilant Life Sciences, Ashok Alco – Chem, etc.
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Attribute
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Details
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, Volume in Units, CAGR for
2017-2021 and 2022-2027
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Report coverage
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Revenue Forecast, Volume Forecast, Company
Share, Competitive Landscape, Growth Factors, And Trends
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Segments covered
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By Process
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By Derivative
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By Application
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Region scope
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Asia Pacific; Europe & CIS; North
America; South America; Middle East & Africa
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Country scope
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China, India, Japan, South Korea, Australia, Singapore,
Malaysia, France, Germany, United Kingdom, Italy, North America, United
States, Mexico, Canada, Brazil, Argentina, Colombia, South Africa, Saudi
Arabia, UAE, Qatar
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Key companies profiled
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Merck KGaA, Sumitomo, Sekab, Showa Denko,
Lonza, LCY Chemical, Celanese, Eastman, Jubilant Life Sciences, Ashok Alco –
Chem
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Customization scope
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10% free report customization with purchase.
Addition or alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to
meet your exact research needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email (We can also provide the
editable version of the report in PPT/Word format on special request)
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