Acetaldehyde Market Report by Product Type and Application Global Forecast 2017-2023
Acetaldehyde is an organic, free-flowing compound used as a precursor to most of the chemical synthesis and its derivatives. Naturally, it occurs in coffee and fruits. Wacker process, i.e., ethylene oxidation, is used to produce acetaldehyde commercially. 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. The product type segment is further categorized into pyridine & pyridine bases, pentaerythritol, acetic acid, peracetic acid, ethyl acetate, and others. 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 Global Acetaldehyde Market is segmented into five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Europe is expected to grow at a higher CAGR due to rising demand for acetaldehyde to produce synthetic and engineered lubricants. Lastly, countries such as Brazil and Argentina are driving the Latin American market due to the rising demand and exportation of food & beverages in this region.
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. Additionally, the manufacturing of polymer resins and basic dyes using acetaldehyde is likely to propel the market growth due to the high demand from paints & coatings industries.
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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