The demand for acetaldehyde is driven by its use as a precursor in the production of pyridines, pentaerythritol, crotonaldehyde, acetic acid, and acetate esters.
Around 35% of the global acetaldehyde was consumed for pyridines. Pentaerythritol, acetic acid, and acetate esters follow pyridines. Pyridines also act as a reactant in the production of ethylidene diacetate, a precursor to vinyl acetate used to produce polyvinyl acetate (PVA). Moreover, it is widely used as a plasticizer in the plastics industry and paint binder in the paints & coatings industry. Moreover, acetaldehyde is combined with urea to produce resins.
The growing downstream demand for pyridines and pentaerythritol, from pesticides, pharmaceuticals, resins, and coatings industries, acts as the main driving force for acetaldehyde. Another driver for acetaldehyde is the strong adhesive end-user market. Most of the adhesives are PVA-based and acetaldehyde is a precursor for vinyl acetate used to produce PVA. Based on above factors, the acetaldehyde market has been segmented based on applications and end-users.Acetaldehyde usage in the manufacturing of acetic acid, however, has been declining and been replaced by low-cost methanol carbonylation process. In addition, the demand for acetaldehyde has decreased because n-butyraldehyde (used in the production of plasticizer alcohols) that was earlier produced from acetaldehyde is now being generated from propylene. Acetaldehyde has been listed as a Group 1 carcinogen by the International Agency for Research on Cancer (IARC). It is also known to aggravate the risk of Alzheimer’s disease. These health concerns are some of the major limitations for the growth of acetaldehyde market.
Areas with Scope for Acetaldehyde
Asia-Pacific is the largest consumer of acetaldehyde. In 2016, China, followed by India and Western Europe, was the largest consumer of acetaldehyde, which accounted for about half of the global consumption. India has been a developing market for acetaldehyde, in recent times. Acetaldehyde consumption in Japan is expected to grow during 2017-2022 (the forecast period), due to the consumption growth of ethyl acetate. South American and the Middle Eastern markets are expected to decelerate, during 2017-2022 (the forecast period), due to the minimal or no use and production of acetaldehyde. Notable Market Developments
Eastman Chemical Company and Celanese Corporation increased prices of aldehydes, due to the growth in market demand and operating costs, particularly of raw materials.
Recent progress regarding the production of butadiene from ethanol (ETB), by one or two-step process through intermediate production of acetaldehyde, with an emphasis on the new catalytic systems is expected to fuel the market.
Why purchase our Global Acetaldehyde Market Report?
Know about: the latest regulations and policies associated with acetaldehyde
Analyzing various market perspectives with the help of porter’s five forces analysis
Which of the regions will witness the fastest growth during forecast period?
Will the rising concerns regarding health hazards of acetaldehyde affect the market?
How will the increasing prices of acetaldehyde shape the market?
Will the growing market for pyridines help in acetaldehyde market growth?
1.1 Scope of the Report
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
22.214.171.124 Major Plants and locations (Installed Capacities)
3.8 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Growing Demand For Pyridines in Asia-Pacific
4.1.2 Rising Demand For Pentaerythritol to Produce Neopolyol Esters
4.1.3 Strong PVA-based Adhesive Market
4.2.1 Replacement of Acetaldehyde by Methanol in the Production of Acetic Acid
4.2.2 Replacement of Acetaldehyde by Propylene in the Production of Butyraldehyde
4.2.3 Carcinogenic and Hazardous effects of Acetaldehyde
4.3.1 New Found Usage in Butadiene Production
5. Market Segmentation and Analysis- (Market size, Growth, and forecast)
5.1 By Application
5.1.1 Pyridine and pyridine bases
5.1.3 Acetic acid
5.1.4 Acetate esters
5.1.5 Butylene glycol
5.2 By End-users
5.2.4 Paints & coatings
6. Regional Market Analysis - (Market size, Growth, and forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.7 NORDIC Countries
6.3.8 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players
9. Company Profiles
9.1 Eastman Chemical Company
9.2 Celanese Corporation
9.3 Huntsman Corporation
9.4 BASF SE
9.5 Georgia Pacific Corporation
9.6 Dynea Oy
9.7 Showa Denko K.K.
9.8 LCY GROUP
9.9 Ashok Alco - chem Limited
9.11 Jinyimeng Group
9.12 Sumitomo Chemical Co. Ltd.
9.13 Naran Lala Pvt. Ltd.
9.14 Jubilant Life Sciences Limited
9.15 Svensk Etanolkemi AB
9.16 Hubei Yihua
9.18 Shijiazhuang Xinyu Sanyang Industry
9.19 Shandong Kunda Biotechnology
9.20 Laxmi Organic Industries Ltd.
*List not exhaustive