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Acetaldehyde - Global Market Trajectory & Analytics

  • ID: 338561
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Ashok Alco - chem Limited
  • Celanese Corporation
  • Eastman Chemical Company
  • KH Neochem Co. Ltd.
  • Lonza Group Ltd.
  • Naran Lala Pvt. Ltd.
Global Acetaldehyde Market to Reach $2.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Acetaldehyde estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Pyridine, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$861.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pentaerythritol segment is readjusted to a revised 4.4% CAGR for the next 7-year period.





The U.S. Market is Estimated at $387.3 Million, While China is Forecast to Grow at 8.6% CAGR

The Acetaldehyde market in the U.S. is estimated at US$387.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$439.9 Million by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Acetic Acid Segment to Record 5.6% CAGR

In the global Acetic Acid segment, USA, Canada, Japan, China and Europe will drive the 5.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$322.1 Million in the year 2020 will reach a projected size of US$457.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$279.9 Million by the year 2027, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 18 Featured):
  • Ashok Alco - chem Limited
  • Celanese Corporation
  • China National Petroleum Corporation
  • Eastman Chemical Company
  • Jubilant Life Sciences Limited
  • KH Neochem Co. Ltd.
  • Laxmi Organic Industries Ltd.
  • Lonza Group Ltd.
  • Naran Lala Pvt. Ltd.
  • SEKAB
  • Showa Denko K.K.
  • Sigma Aldrich Corp.
  • Sumitomo Chemical Co., Ltd.
Frequently Asked Questions about the Global Market for Acetaldehyde

What is the estimated value of the Global Market for Acetaldehyde?

The Global Market for Acetaldehyde was estimated to be valued at $1.4 Billion in 2020.

What is the growth rate of the Global Market for Acetaldehyde?

The growth rate of the Global Market for Acetaldehyde is 6.0%, with an estimated value of $2.1 Billion by 2027.

What is the forecasted size of the Global Market for Acetaldehyde?

The Global Market for Acetaldehyde is estimated to be worth $2.1 Billion by 2027.

Who are the key companies in the Global Market for Acetaldehyde?

Key companies in the Global Market for Acetaldehyde include Ashok Alco, chem Limited, Celanese Corporation, China National Petroleum Corporation, Eastman Chemical Company, Jubilant Life Sciences Limited, KH Neochem Co. Ltd., Laxmi Organic Industries Ltd. and Naran Lala Pvt. Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ashok Alco - chem Limited
  • Celanese Corporation
  • Eastman Chemical Company
  • KH Neochem Co. Ltd.
  • Lonza Group Ltd.
  • Naran Lala Pvt. Ltd.

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Acetaldehyde: A Vital Platform Chemical for Organic Chemicals Production
  • Recent Market Activity
  • STable Growth Projected Over the Next Few Years
  • China Dominates the World Acetaldehyde Market
  • India Emerges as a Major Consumer
  • Progressive Momentum in Global Manufacturing PMI Underpins Volume Growth
  • Developed Regions Continue to Extend Opportunities
  • Favorable Economic Scenario to Aid Market Expansion

2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Pyridine & Pyridine Bases: Largest & Fastest Growing End-use Segment
  • Increasing Production of Crotonaldehyde Benefit Consumption of Acetaldehyde in its Synthesis
  • Pyridine & Pyridine Bases: Largest & Fastest Growing End-use Segment
  • Rising Demand for Sorbic Acid as Antimicrobial Preservative Drives Crotonaldehyde Production
  • Acetaldehyde Usage in Butanediol Production Bode Well for the Market
  • Expanding Applications for Glyoxal/Glyoxylic Acid Drive Demand for Acetaldehyde
  • Established Image as Key Ingredient in Fertilizers & Pesticides Aids Market Growth
  • Role in Manufacture of PVA Compounds Steers Volume Sales
  • Novel Opportunities in Food & Beverages Sector
  • Technology Advances to Spur Future Growth
  • Issues & Challenges
  • Carcinogenicity of Acetaldehyde Raises Risks and Safety Concerns
  • Sources of Acetaldehyde Exposure
  • Associated Health Risks Hampers Usage in Food & Beverage
  • Regulations for Ensuring Safety of Foods & Beverages

4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 18
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A selection of companies mentioned in this report includes:

  • Ashok Alco - chem Limited
  • Celanese Corporation
  • China National Petroleum Corporation
  • Eastman Chemical Company
  • Jubilant Life Sciences Limited
  • KH Neochem Co. Ltd.
  • Laxmi Organic Industries Ltd.
  • Lonza Group Ltd.
  • Naran Lala Pvt. Ltd.
  • SEKAB
  • Showa Denko K.K.
  • Sigma Aldrich Corp.
  • Sumitomo Chemical Co. Ltd.
Note: Product cover images may vary from those shown