Global Acetaldehyde Market Report 2018-2022 by Process, Derivative and Application - Market to Reach $1.8 Billion

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Mar 14, 2018, 11:30 ET

DUBLIN, March 14, 2018 /PRNewswire/ --

The "Acetaldehyde Market by Process, Derivative, Application, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.

The acetaldehyde market is estimated at USD 1.33 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 6.24% during the forecast period.

This growth can be attributed to the increasing demand for acetaldehyde in the water treatment application. In addition, the demand for high-quality derivatives in emerging economies is another significant factor contributing to the growth of the acetaldehyde market.

Based on application, acetaldehyde finds use in a wide range of applications, such as chemicals, plastics & synthetic rubber, food & beverage, paints & coatings, pharmaceuticals & cosmetics, paper & pulp, water treatment, and others. The food & beverage segment is the largest application segment of the acetaldehyde market. Moreover, the water treatment application segment is expected to grow at the highest CAGR during the forecast period. The food & beverage application leads the overall acetaldehyde market, due to its use as a flavoring agent in several food products.

The acetaldehyde market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022. This growth can be attributed to the easy availability of raw materials used for the manufacture of acetaldehyde. The Asia Pacific region provides expansion opportunities for acetaldehyde manufacturers, owing to the low cost of manufacture in China, South Korea, and India. Limited regulations related to the use and manufacture of acetaldehyde in the Asia Pacific are further influencing the growth of the acetaldehyde market in this region.

The global demand for acetaldehyde is reducing, primarily due to the lower consumption of acetaldehyde for the manufacture of acetic acid. The acetic acid manufacturing industry continues to move towards the methanol carbonylation process which is more efficient compared to production using acetaldehyde. The phasing out of acetic acid production with the use of acetaldehyde is restraining the growth of acetaldehyde market.

Celanese (US), Eastman (US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa Denko (Japan), Jubilant Life Sciences (India), Lonza (Switzerland), LCY Chemical (Taiwan), and Ashok Alco-chem (India) are the leading players in the acetaldehyde market. These companies have strengthened their market positions through diverse product portfolios, strategically positioned R&D centers, consistent development activities, and technological advancements. They are focused on the adoption of various organic and inorganic growth strategies, such as expansions, agreements, and acquisitions to increase their market shares.

Market Dynamics

Drivers

Increasing Demand From Food & Beverage, Paper & Pulp, Pharmaceutical, and Water Treatment Applications
Increasing Use of Acetaldehyde in Derivatives Such as Pyridines and Pentaerythritol

Restraint

Phasing Out of Acetic Acid Production From Acetaldehyde

Challenge

Environmental and Health Hazards of Acetaldehyde

Key Topics Covered

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Units Considered
1.7 Limitations
1.8 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in Acetaldehyde Market
4.2 Acetaldehyde Market, By Derivative
4.3 APAC Acetaldehyde Market, By Country and Derivative
4.4 Acetaldehyde Market, By Application
4.5 Acetaldehyde Market, By Region

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From Food & Beverage, Paper & Pulp, Pharmaceutical, and Water Treatment Applications
5.2.1.2 Increasing Use of Acetaldehyde in Derivatives Such as Pyridines and Pentaerythritol
5.2.2 Restraints
5.2.2.1 Phasing Out of Acetic Acid Production From Acetaldehyde
5.2.3 Challenge
5.2.3.1 Environmental and Health Hazards of Acetaldehyde
5.3 Porter's Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Intensity of Competitive Rivalry

6 Acetaldehyde Market, By Process
6.1 Introduction
6.2 Oxidation of Ethylene (Hoechst-Wacker Process)
6.2.1 One-Stage Process
6.2.2 Two-Stage Process
6.3 Oxidation of Ethanol
6.4 Dehydrogenation of Ethanol
6.5 Others
6.5.1 Hydration of Acetylene
6.5.2 Hydroformylation of Methanol

7 Acetaldehyde Market, By Derivative
7.1 Introduction
7.2 Pyridine & Pyridine Bases
7.3 Pentaerythritol
7.4 Acetic Acid
7.5 Ethyl Acetate
7.6 Others
7.6.1 Butylene Glycol
7.6.2 Chloral
7.6.3 Peracetic Acid

8 Acetaldehyde Market, By Application
8.1 Introduction
8.2 Chemicals
8.3 Plastics & Synthetic Rubber
8.4 Food & Beverage
8.5 Paints & Coatings
8.6 Pharmaceuticals & Cosmetics
8.7 Paper & Pulp
8.8 Water Treatment
8.9 Others

9 Acetaldehyde Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 APAC
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 South Korea
9.3.5 Rest of APAC
9.4 Europe
9.4.1 Germany
9.4.2 France
9.4.3 Italy
9.4.4 UK
9.4.5 Spain
9.4.6 Rest of Europe
9.5 Middle East & Africa
9.5.1 Saudi Arabia
9.5.2 South Africa
9.5.3 UAE
9.5.4 Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.2 Argentina
9.6.3 Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking of Key Players
10.3 Competitive Scenario
10.3.1 Expansions,2013-2017
10.3.2 Agreements,2011-2017
10.3.3 Mergers & Acquisitions,2013-2017

11 Company Profiles
11.1 Eastman
11.2 Celanese
11.3 Merck Kgaa
11.4 Sumitomo Chemical
11.5 Showa Denko
11.6 Ashok Alco - Chem
11.7 Jubilant Life Sciences
11.8 LCY Chemical
11.9 Lonza
11.10 Sekab
11.11 Other Players
11.11.1 Amadis Chemical
11.11.2 China National Petroleum Corporation
11.11.3 Chempure
11.11.4 Eurochem
11.11.5 Finetech Industry
11.11.6 Fisher Scientific
11.11.7 Godavari Biorefineries
11.11.8 Jiangsu Sanmu Group
11.11.9 Jinyimeng Group
11.11.10 Kanoria Chemicals & Industries
11.11.11 LOBA Chemie
11.11.12 Nantong Jinrui Chemical
11.11.13 Penta Manufacturing
11.11.14 Shandong Kunda Biotechnology
11.11.15 Tractus

For more information about this report visit https://www.researchandmarkets.com/research/bv664h/global?w=5

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