Global Acetaldehyde Market Will Witness Substantial Growth in the Upcoming years by 2027

Acetaldehyde is a natural dry fluid compound. Otherwise called ethanol, it is significantly utilized as a forerunner to its subordinates and other synthetic mixtures. It happens normally in espresso, bread, and ready leafy foods orchestrated by certain plants. Monetarily, the item is produced through Wacker process, i.e., ethylene oxidation. Different cycles for assembling acetaldehyde are oxidation and dehydrogenation of ethanol, hydroformylation of methanol, and hydration of acetylene.

Acetaldehyde is an unrefined substance for the development of different items like pyridine and pyridine bases, pentaerythritol, acidic corrosive, peracetic corrosive, ethyl acetic acid derivation, and others. It tends to be utilized as a dissolvable and dying specialist for paper and mash businesses and elastic ventures. Notwithstanding, assembling of acetaldehyde through acetylene hydration is least utilized because of the development of enormous amounts of result.

Global Acetaldehyde Market - Trends, COVID-19 impact and Growth Forecasts to 2026

ChemIntel360’s global Acetaldehyde market study is a 160+ slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, and applications perspective. The industry is expected to grow at a CAGR of 4.5% during the forecast period mainly due to growing demand of the chemical as a preservative and flavouring agent in the food and beverages.

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This study contains global and regional market size data - value and volume. The numbers are broken by application (Food and Beverages, Chemicals, Paints and Coatings, Plastic and Synthetic Rubber, and Others), by process (Ethylene oxidation, Oxidation of Ethanol, and Dehydrogenation of Ethanol). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.

Market Overview

The global Acetaldehyde market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$1.47 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X.X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.

Regional Analysis

The Acetaldehyde Market is segmented into five regions Asia Pacific, North America, Europe, Latin America, and the Middle East Africa.

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Key Players

Some of the prominent manufacturers in the Acetaldehyde Market 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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ChemIntel360, part of AgileIntel’s broader research offering, provides an integrated portfolio of quantitative and qualitative research reports on the chemicals sector. Our studies make use of credible market intelligence.

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