Acetaldehyde Market Overview by Industry Trends, Sales and Supply Chain Report Outlook to 2023
Posted: Jan 20, 2019
The global acetaldehyde market is majorly driven by its application as a chemical intermediate. Various chemicals are produced using acetaldehyde include pyridine & pyridine bases, pentaerythritol, acetic acid among others. The increasing demand for acetaldehyde as a preservative and flavoring agent from the food & beverage industry is another major driver of the global acetaldehyde market.
Some of the prominent manufacturers in the global market of acetaldehyde are Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), Merck KGaA (Germany), Sumitomo Corporation (Japan), SEKAB (Sweden), SHOWA DENKO K.K. (Japan), Jubilant Life Sciences Ltd. (India), Ashok Alco- chem Limited (India), LCY Group (Taiwan), Laxmi Organic Industries Ltd. (India), Lonza (Switzerland), Naran Lala Pvt. Ltd. (India), Eurochem Group AG (Switzerland), Wacker Chemie AG (Germany), and China National Petroleum Corporation (China).
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The global acetaldehyde market is segmented based on the product type, application, and region. Based on the application, the global acetaldehyde market is segregated into chemical synthesis, food & beverage, pharmaceuticals & cosmetics, paper & pulp, plastics & synthetic rubber, paints & coatings, and others. Regionally, the global calcium silicate market is segmented into five key regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.
The Asia Pacific is anticipated to be the leading region in the acetaldehyde market owing to the increasing demand for acetaldehyde from agrochemicals and insecticides. The growing demand for agrochemicals from the major agricultural countries such as India, China, and Japan drive the market in this region. The increasing globalization coupled with huge demand for food & beverage, pharmaceuticals, and cosmetics is driving the market of this region further.
Increasing demand for acetaldehyde as an intermediate in the synthesis of commodity chemical compounds is the major driver of the global acetaldehyde market due to their use in the major end-use industries such as food & beverage, rubber industry, paper & pulp, and others. Acetaldehyde is widely used as a flavoring agent and fruit & fish preservative in the food & beverage industry, which is likely to propel the market growth due to the changing food consumption habits and need for longer shelf life food products.
The product type segment is categorized into pyridine & pyridine bases, pentaerythritol, acetic acid, peracetic acid, ethyl acetate, and others. The pyridine & pyridine based and pentaerythritol together lead the segmental market. Pyridine is a precursor of many agrochemicals and pharmaceuticals. Nitrapyrin is the fertilizer produced using pyridine, which is responsible for the transformation of nitrogen in the soil.
Browse the market data and information spread across 140 pages with 33 data tables and 12 figures of the report "Acetaldehyde Market Research Report - Forecast to 2023" in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/acetaldehyde-market-5723
March 22, 2018, Market Research Future Published a Half Cooked Research Report on Global Acetaldehyde Research Report
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At Market Research Future (Mrfr), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (Crr), Half-Cooked Research Reports (Hcrr), & Consulting Services.