Global Acetaldehyde Market Overview:
Acetaldehyde is a Clear Colourless Liquid with a fruity Odour. It is Also Known as Ethanal. It acts as an Additive in Many Applications such as Fruit & Fish Preservatives, Flavouring Agents, & Gelatine Hardening. It is also used in Manufacturing Vinegar & Yeast. It is a Complicated Chemical That Reacts Easily with Other Chemicals & with the Oxygen in the Air, & thus Special Handling Is Required. It Has Short Shelf Life, Requiring Arrangements for Controlled Logistics As per latest AMA study, the Global Acetaldehyde market is expected to see growth rate of 6.1%
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Eastman Chemical Company (United States), Celanese Corporation (United States), Merck KGaA (Germany), Sumitomo Corporation (Japan), Sekab Biofuels & Chemicals Ab (Sweden), Showa Denko K. K. (Japan), Jubilant Life Sciences (India), Lonza Group (Switzerland), LCY Chemical Corp (Taiwan) and Ashok Alco-Chem Ltd (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Growth in the Chemical Industry, Utilising Acetaldehyde as an Intermediate, in the Synthesis of Various Chemical Processes, for the Production of Various Chemical Commodities such as Pentaerythritol, Pyridine, Picoline, Acetate Esters, Cinnamaldehyde, Glyoxal, Acetic Acid, & Many More
- Increased Healthcare Budget & Rising Pharmaceutical Industry, using Acetaldehyde for Manufacturing Products like Vitamins, Sedatives, Sleeping Aids, & Others
Roadblocks
- The Toxic & Carcinogenic Nature Linked with the Long Term Exposure to Acetaldehyde
Opportunities
- There is an Increased Opportunity for the Market Expansion, owing to the Rising Usage of Acetaldehyde in Construction & Building Industry in the Production of Materials like Paints, Coatings, Lubricants, & Explosives
- There are Increased Prospects for the Usage of Acetaldehyde in the Food & Beverage Industry, for its usage in Producing Preservatives & Flavourings
Challenges
- Presence of Substitute Chemical Materials like Paraldehyde & Acetal may pose a Challenge for the Market Expansion
Competitive Landscape:
The Market for the Acetaldehyde is fragmented with the Presence of Many Players. Owing to Booming Industrialization & Urbanization, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are Eastman Chemical Company (United States), Celanese Corporation (United States), Merck KGaA (Germany), Sumitomo Corporation (Japan), Sekab Biofuels & Chemicals Ab (Sweden), Showa Denko K. K. (Japan), Jubilant Life Sciences (India), Lonza Group (Switzerland), LCY Chemical Corp (Taiwan) and Ashok Alco-Chem Ltd (India). Additionally, following companies can also be profiled that are part of our coverage like Laxmi Organic Industries Ltd. (India), Naran Lala Pvt. Ltd. (India), Eurochem Group Ag (Switzerland), Wacker Chemie Ag (Germany) and China National Petroleum Corporation (China). Analyst at AMA Research see United States & Asian Vendors to retain maximum share of Global Acetaldehyde market by 2027. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Acetaldehyde market. Considering Market by Manufacturing Process, the sub-segment i.e. Oxidation of Ethylene (Wacker Process) will boost the Acetaldehyde market.
In October 2021, Sekab invested SEK 100 million to expand its production facility to boost the production of green chemicals for industrial use. The main aim of company is to meet sharply increased demand for sustainable alternatives to fossil products. With this plant, Sekab will be able to supply chemicals like acetaldehyde, ethyl acetate, and acetic acid.
What Can be Explored with the Acetaldehyde Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Acetaldehyde Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Acetaldehyde
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Acetaldehyde market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Acetaldehyde market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Acetaldehyde, Distributors, Traders, & Suppliers, Paints & Coatings Companies, Raw Material Suppliers, Government & Research Organizations, Government Bodies, Investors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.