Acetaldehyde Global Market Report 2018 Forecast to 2022 – CAGR Expected to Grow at 6.24% – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The "Acetaldehyde
Market by Process, Derivative, Application, and Region – Global Forecast
to 2022" report has been added to ResearchAndMarkets.com's
offering.
The acetaldehyde market is estimated at USD 1.33 billion in 2017 and is
expected to reach USD 1.80 billion by 2022, at a CAGR of 6.24% between
2017 and 2022.
The demand for acetaldehyde is growing in emerging economies, such as
India, China, and Brazil. Acetaldehyde is mainly used as an intermediate
for the synthesis of other chemicals. The major derivatives of
acetaldehyde are pentaerythritol, which is used in the manufacture of
synthetic resins for the paint industry; and pyridines which are used as
solvents in the production of rubber and dyes.
Based on application, the water treatment segment is projected to grow
at the highest CAGR from 2017 to 2022. Acetaldehyde plays a vital role
in wastewater treatment owing to its disinfectant properties.
Acetaldehyde is used for the treatment of wastewater from various
industries and manufacturing plants. The demand for acetaldehyde from
the water treatment application is gaining momentum due to rising
environmental impact, such as degradation of freshwater bodies and
aquatic life by untreated wastewater, increasing population, and
concerns about pollution.
The acetaldehyde market in the Asia Pacific region is projected to grow
at the highest CAGR during the forecast period, which can be attributed
to the easy availability of raw materials used for the manufacture of
acetaldehyde. The Asia Pacific is a strategic location for acetaldehyde
manufacturers, as an overall slowdown in the global economic scenario
has encouraged many established manufacturers to expand their
manufacturing facilities in this region and, thus, increase their sales.
The growth of the Asia Pacific market is expected to be primarily driven
by China, India, and Japan. Key manufacturers of acetaldehyde are
focusing on expanding their bases in the Asia Pacific region to increase
their market shares and enhance profit margins.
The report provides company profiles and details of competitive
strategies adopted by key market players, such as Celanese (US), Eastman
(US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa
Denko (Japan), Jubilant Life Sciences (India), Lonza (Switzerland), LCY
Chemical (Taiwan), and Ashok Alco-chem (India).
Market Dynamics
Drivers
-
Increasing Demand From Food & Beverage, Paper & Pulp, Pharmaceutical,
and Water Treatment Applications -
Increasing Use of Acetaldehyde in Derivatives Such as Pyridines and
Pentaerythritol
Restraint
- Phasing Out of Acetic Acid Production From Acetaldehyde
Challenge
- Environmental and Health Hazards of Acetaldehyde
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Acetaldehyde Market, by Process
7 Acetaldehyde Market, by Derivative
8 Acetaldehyde Market, by Application
9 Acetaldehyde Market, by Region
10 Competitive Landscape
11 Company Profiles
- Amadis Chemical
- Ashok Alco – Chem
- Celanese
- Chempure
- China National Petroleum Corporation
- Eastman
- Eurochem
- Finetech Industry
- Fisher Scientific
- Godavari Biorefineries
- Jiangsu Sanmu Group
- Jinyimeng Group
- Jubilant Life Sciences
- Kanoria Chemicals & Industries
- LCY Chemical
- LOBA Chemie
- Lonza
- Merck KGaA
- Nantong Jinrui Chemical
- Penta Manufacturing
- Sekab
- Shandong Kunda Biotechnology
- Showa Denko
- Sumitomo Chemical
- Tractus
For more information about this report visit https://www.researchandmarkets.com/research/vddsf4/acetaldehyde?w=4.
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