December 05, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Acetaldehyde Market to 2027 - Global Analysis and Forecasts by Process (Oxidation of Ethylene, Oxidation of Ethanol, Dehydrogenation of Ethanol, and Others), Derivative (Pyridine and Pyridine Bases, Pentaerythritol, Acetic Acid, and Others), Application (Chemicals, Plastics & Synthetic Rubber, Food & Beverages, Paints & Coatings, Pharmaceutical & Cosmetics, Paper & Pulp, and Others), and Geography’, the worldwide acetaldehyde market is anticipated to amass US $2367 million by the year 2027.
Acetaldehyde is the most commonly used raw material in organic chemical industry. It is utilized in manufacturing of plasticizers, paint binders, and super absorbents for baby nappies. Furthermore, the chemical is added in perfumes which are used in fragrances, soaps, decorative cosmetics, and oral care products. Thus, wide range of applications is anticipated to boost the acetaldehyde market growth. However, health risk and environmental concerns linked with acetaldehyde might restrain the overall growth of acetaldehyde market over the forecast timeframe.
As per the report, the global acetaldehyde market was worth US $1329.4 million in 2018 and is projected to grow with a CAGR of 6.7% through the year 2027. It further analyzes the market on the basis of process, application, and regional landscape.
Based on process, the market is segmented as oxidation of ethylene, dehydrogenation of ethanol, oxidation of ethanol, and others. While considering the application spectrum, acetaldehyde market is fragmented as chemicals, food & beverages, plastics & synthetic rubber, paper & pulp, paints & coatings, and others.
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In terms of regional landscape, the global acetaldehyde market is bifurcated into five regions which are Asia Pacific, Europe, North America, South America, and Middle East & Africa. As per the report, Asia Pacific acetaldehyde market is estimated to register accelerated growth over the analysis period, owing to rapid industrialization across developed and emerging countries like India, China, Australia, and South Korea which offer potential revenue generation opportunities.
The prominent companies operating in acetaldehyde market include Sumitomo Chemical Co., Ltd., Ashok Alco-chem Limited, Sekab, Merck KGaA, Celanese Corporation, LYC Chemical Corp., Chempure Private Limited, Lonza Group Ltd, Eastman Chemical Company, and Jubilant Life Sciences Limited.
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