Acetaldehyde Market Size is projected to reach USD 1.80
Billion By 2022
The report "Acetaldehyde Market by Process (Wacker Process, Oxidation of Ethanol,
Dehydrogenation of Ethanol), Derivative (Pyridine & Pyridine Bases, Pentaerythritol),
Application (Food & Beverage, Chemicals, Paints & Coatings), and Region - Global Forecast
to 2022" published by MarketsandMarkets™, the Acetaldehyde Market is estimated at USD
1.33 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 6.24%
during the forecast period The growth of the Acetaldehyde Market is primarily driven by
developments in the food & beverage, paper & pulp, pharmaceutical, and water treatment
applications.
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The global demand for acetaldehyde is reducing, primarily due to the lower consumption of
acetaldehyde for the manufacture of acetic acid. The acetic acid manufacturing industry
continues to move towards the methanol carbonylation process which is more efficient
compared to production using acetaldehyde. The phasing out of acetic acid production with
the use of acetaldehyde is restraining the growth of acetaldehyde market.
Major 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) have adopted key
growth strategies, such as expansions and acquisitions to strengthen their footholds in the
Acetaldehyde Market.
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