Acetaldehyde Market Inclinations & Development Status Highlighted During Forecast Period

SDKI Inc. published a new report on the acetaldehyde market. This study includes the statistical and analytical approaches needed to grow the acetaldehyde market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-109480

The acetaldehyde market is estimated to grow from a market value of US $ 1.80 billion in 2022 to US $ 2.75 billion by 2030, with a CAGR of 6.24% during the forecast period.

Increased use of acetaldehyde in the food and beverage, chemical manufacturing, plastics and paint industries, and high growth in emerging markets will drive the growth of the acetaldehyde market. Acetaldehyde, also known as ethanal, is an aldehyde used as a starting material for the production of pyridine, ethyl acetate, n-butyl alcohol, and other compounds. Pure acetaldehyde is a colorless, flammable liquid that is miscible with water and has a pungent, fruity scent. Acetaldehyde is naturally synthesized and is synthesized on a large scale for a variety of commercial applications and as an important chemical intermediate. Demand for acetaldehyde is rising in emerging economies such as India, China and Brazil. Acetaldehyde is primarily used as an intermediate in the synthesis of other chemicals. The main derivatives of acetaldehyde are pentaerythritol, which is used in the manufacture of synthetic resins for the paint industry, and pyridine, which is used as a solvent in the manufacture of rubbers and dyes.

Market segment

The acetaldehyde market is classified by process (Wacker process, ethanol oxidation, ethanol dehydrogenation), derivative (pyridine / pyridine base, pentaerythritol), application (chemicals, plastic / synthetic rubber, food / beverage, etc.) It is divided into paints / coatings, pharmaceuticals / cosmetics, paper / pulp, water treatment, etc.), and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

The water treatment segment is projected to grow at the largest CAGR in the acetaldehyde market.

Based on the application, the water treatment segment is projected to grow at a maximum CAGR from 2022-2030. Acetaldehyde plays an important role in wastewater treatment due to its disinfecting properties. Acetaldehyde is used in the treatment of wastewater from various industries and manufacturing plants. Demand for acetaldehyde from water treatment applications is gaining momentum due to growing environmental impacts such as deterioration of freshwater and aquatic organisms due to untreated wastewater, population growth and concerns about pollution.

Regional Overview

The Asia Pacific acetaldehyde market is projected to grow at a maximum CAGR during the forecast period. This growth may be due to the readily available raw materials used to make acetaldehyde. The Asia Pacific region is a strategic location for acetaldehyde manufacturers. Due to the overall slowdown in the global economic scenario, many established manufacturers are expanding their manufacturing facilities in the region to increase sales. In addition, market growth in the region is expected to be driven primarily by China, India, and Japan. Leading acetaldehyde manufacturers are expanding their bases in the Asia Pacific region to gain market share and focus on increasing profit margins.

These regional segments are North America (US and Canada); Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, and other Asia Pacific); Latin America (Brazil, Mexico, Argentina, and other Latin). USA); Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, and other Middle East and Africa) and Europe (UK, Germany, France, Italy, Spain) , Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia and other Europe) and more.

Key Players in the Market

The key players in the acetaldehyde market are Celanese (US), Eastman (US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa Denko (Japan) and Jubilant Life. Sciences (India), Lonza (Sweden), LCY Chemical (Taiwan), Ashok Alco-chem (India) and more. The survey includes a detailed competitive analysis of these major companies in the acetaldehyde market, corporate profiles, recent developments, and key market strategies.

Detailed contents of the survey report
https://www.sdki.jp/reports/acetaldehyde-market/109480

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This release was published on openPR.