According to new Global Market Insights, Inc, chemical research report Acetaldehyde Market size is expected to witness significant gains over the forecast timeline owing to its usage as an intermediate chemical to produce acetic acid, ethyl acetate, pentaerythritol, and peracetic acid. It caters to numerous industries including chemical, paints & coatings, plastics, food & beverage, and water treatment industry stimulating the demand of acetaldehyde market.
Positive application outlook as an intermediate in production of resins and plasticizers owing to its high chemical reactivity is likely to drive acetaldehyde market size. These resins are further processed as binders in paints & coatings industry for modification of rheology and gloss. The product is utilized as a raw material for creating penta erythritol escalating acetaldehyde industry size.
Global food & beverage market was valued at USD 105 billion in 2019 with growth over 6.5%. Increasing R&D spending with changing consumer consumption patterns is likely to have a positive impact on food sector thereby propelling product demand. Acetaldehyde acts as an additive in fish preservatives, gelatin hardening, and flavoring agents. It is used in producing vinegar and yeast while providing nutty & citrus flavor to the food. Growing demand for frozen and convenience food products may propel acetaldehyde market size to increase product quality.
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Global paper & pulp market is anticipated to anticipated to witness significant gains up to 4.5% in the estimated timeline. The product provides wet and dry strength properties in papermaking addition of separate starch additive component. The resultant paper is used in magazines, printing books, newspaper, disposable paper plates, and other common household products. These factors may escalate acetaldehyde market value in the estimated timeframe.
Acetaldehyde is used in silvering of mirrors, leather tanning, fuel mixtures, and as a preservative for fish and fruit. The product is infused in perfumes and can also be used in decorative cosmetics, fragrances, shampoos, soaps, and oral care products as well as in household cleaners and detergents.
Global printing ink market is anticipated to surpass USD 20 billion by 2020 with gains over 4.5%. Printing ink is an essential requirement of packaging, advertising and publishing sectors. Acetaldehyde derivative 1,3 Butylene Glycol is used to make printing inks owing to its non-reactive nature. Printing inks mainly comprise of resins, pigments, and additives. Pigments color the ink and provides opacity while additives alter physical properties of ink to cater different conditions. These factors may favor acetaldehyde market growth.
Acetaldehyde is present in ripe fruits including apples, grapes, and citrus fruits as well as in roasted coffee beans, essential oils, and wine. It is the main metabolite of ethanol, alcohol found in alcoholic beverages. Beverages are the general population’s principal source of exposure to acetaldehyde.
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Asia Pacific driven by South Korea, Japan, India and China acetaldehyde market may register strong gains by 2025. Manufacturers are shifting their base to the region owing to low production cost along with easy availability of raw material and labor which may propel acetaldehyde industry size.
Europe led by France, UK, Italy and Germany acetaldehyde market size may grow significantly owing to increasing polymer industries. Growing demand from automotive sector may fuel regional market growth owing to its properties of imparting rigidity, withstanding high temperature and maintaining its mechanical stability.
Global acetaldehyde market share is competitive and consolidated with key players including Celanese, Sinopec, Eastman Chemical, Showa Denko, Sumitomo, Lonza, and Merck KGaA. Other players include Jubilant Life Sciences, LCY Chemical, Ashok Alco-chem, Eurochem Group AG, China National Petroleum Corporation, and Wacker Chemie AG.
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