Aldehydes are organic compounds containing
formyl functional groups. Significant aldehydes are formaldehyde, acetaldehyde,
butyraldehyde, propionaldehyde, and benzaldehyde. One of the important members
of the aldehyde family is acetic aldehyde which is widely used in the plastic
industry as a plasticizer and as a paints binder in the paint & coating
industry. It is a colorless and flammable liquid with a pungent smell. Acetic aldehyde
has a wide range of applications and is used as a raw material in the
production of many everyday products
Owing to the chemical’s wide usage in a myriad
of industries, there are a lot of companies around the globe producing acetic
aldehyde and trying to expand their global base. According to the study,’Global
Acetic Aldehyde Market
Status (2015-2019) and Forecast (2020-2024)’, the key companies in the global
market for acetic aldehyde are 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).
The key factor driving the growth of the
acetaldehyde market is the increasing global consumption of pyridine, acetic
aldehyde’s derivative, which is widely used in medicines, rubber products,
adhesives, insecticides, and paints. But Acetic aldehyde is difficult to handle
as it reacts easily with other chemicals and with the oxygen in the air.
Moreover, it has a short shelf life. All these factors act as restraints on the
surging demand of acetic aldehyde.
Based on the application, it is used in various
industries like Plastics & Synthetic Rubber, Food & Beverage, Paints
& Coatings, Pharmaceuticals & Cosmetics, Paper & Pulp and Water
Treatment. In the pharmaceutical industry, it is used in the manufacture of
vitamins, sleeping aids, and sedatives. In the food industry, the acetic
aldehyde is used in the manufacture of preservatives and flavourings. A major
trend gaining traction nowadays in the global acetic aldehyde market is its
usage in water treatment and is predicted to be a major cause for shooting up
the demand in the coming years. The segment of food and beverages occupies a
significant share in the acetaldehyde market owing to the use of the chemical
as a flavoring agent in various food items.
Based on product type, the global market for
acetic aldehyde is segmented into Oxidation of Ethylene, Oxidation of Ethanol
and Dehydrogenation of Ethanol. Out of all these, the chemical obtained from
the oxidation of ethylene holds the largest market share.
Based on geography, Asia- Pacific region is
expected to dominate the market as a result of massive chemical and automotive
production base. North America is predicted to be the second-largest market for
acetic- aldehyde. Owing to improving economic growth and increasing investment
in the chemical industry, the European region is expected to witness moderate
growth in the coming years.
Due to favorable government policies, low
labor costs and cost of raw materials, the global chemical manufacturers are
shifting production base to India and
China. This trend is predicted to propel the growth of the global acetic
aldehyde market. The increasing demand for basic dyes and polymer resins, which
are manufactured using acetaldehyde and its usage in water treatment, are
projected to result in the growth of the global acetic aldehyde market.
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