세계의 아세트알데히드 시장 : 예측(2023-2028년)

The acetaldehyde market is estimated to grow at a CAGR of 3.99% during the forecast period.

Acetaldehyde is an organic compound that is one of the most extensively utilised aldehydes globally for various industrial reasons. It is produced on a large scale for commercial use around the world through the oxidation of ethylene via the copper system. It is also produced naturally. Due to its broad use in sectors including food and beverage, paper and pulp, rubber, and other industries, acetaldehyde continues to be in demand as an intermediary in manufacturing commodity chemical compounds.

Rising consumption of pyridine

The rising use of pyridine and pentaerythritol around the world is one of the main factors boosting the acetaldehyde market. The most common applications for pyridine are in paints, rubber goods, adhesives, and medications. The increased use of pyridine for diverse applications is being fueled by the expansion of related industries. Pentaerythritol, which is required to make neoployol esters, is also in greater demand. No beta hydrogen exists in neopolyol esters, which are esters. These esters outperform other esters in terms of performance and are mostly utilised in industrial lubricants which is increasing the acetaldehyde market size.

High demand for ethanol

Acetic acid is produced in large quantities using ethanol. Due to increased industrialization across the globe, acetic acid usage has increased significantly in recent years. The manufacturing of metallic acetate, vinyl acetates, cellulose acetates, esters, polymers, and synthetic substances are just a few of the many industrial uses for acetic acid. Additionally, it is employed in the production and processing of other compounds that find usage across a range of end markets. It can be used, for instance, to crystallize and purify organic molecules. It is also used in the production of fabrics and photographic films which increases the acetaldehyde market share.

Rising demand in the food and beverages industry

Acetaldehyde is primarily found in trace amounts in some fermented foods, including milk products, as well as in fruit and fruit juices. It is additionally added to several sweets, fruit juices, pastries, milk products, and desserts as a food flavouring ingredient. The United States Census Bureau reports that retail and food service sales in the country totalled USD 658.1 billion in February 2022, an increase of 0.3% from the previous month and a 17.6% increase from February 2021. These growth factors are anticipated to boost the food and beverage market over the projected period, which will in turn drive the acetaldehyde market.

High demand for the ethylene oxidation process

The chemical produced by the oxidation of ethylene accounts for a substantial market share in terms of process. The Wacker method, which is also known as a catalytic process, uses a reduction-oxidation system to create the chemical. Its key benefit is that it reacts more quickly when there aren't any chlorinated products present. There are two methods for performing the oxidation: a single-step approach in which the reaction and regeneration happen in the same reactor, and a two-step process in which they happen in separate reactors.

Asia Pacific is projected to hold a significant share of acetaldehyde market

During the projected period, the Asia Pacific region is anticipated to lead the acetaldehyde market. China and India in particular have seen significant production growth. The production of chemicals has simple access to raw materials like ethanol and ethylene. In addition, the manufacturing of food and beverages, particularly packaged food goods, is significantly increasing in China, Japan, South Korea, and India. These nations have a competitive advantage over other nations thanks to their robust supply chains. Growing consumer demand for chemicals and food and drink will probably boost demand for the MeCHO derivatives utilised in these industries and propel market expansion.

Toxicity concerns restrain the market growth

Aldehydes are reactive carbonyl substances that are typically hazardous to humans. Its exposure can have harmful effects such as DNA cross-linking, irritability, and carcinogenicity. It can irritate the skin, eyes, mouth, mucous membranes, and respiratory tract, and produce headaches, lightheadedness, and dizziness at concentrations as low as 1000 ppm. MeCHO has been classified by the International Agency for Research on Cancer as a Group 1 carcinogen. Acetaldehyde is primarily employed as a starting material in the production of numerous industrial and commercial goods. A sizeable portion of the world's consumption is comprised of the manufacture of various derivatives and the processing of numerous final products.

Replacement of acetaldehyde with methanol

The use of methanol in the production of acetic acid limits the expansion of the acetaldehyde market. Additionally, ethanol is being replaced by propylene in the production of butyraldehyde. The International Agency for Research on Cancer has also ruled that it is human carcinogenic. Thus, to some extent, these factors are harming the acetaldehyde market growth.

Market product launches

• In September 2022, Archit Organosys Ltd. announced the development, diversification, and backwards and forward integration at its current industrial tract in Bhavnagar. as well as at Naroda Gujarat Industrial Development Corporation (GIDC) in Ahmedabad, Gujarat. The business intended to spend over INR 60 crores (USD 7.28 million) during the ensuing years on items like acetaldehyde, ethyl acetate, butyl acetate, and others. To produce acetaldehyde and other chemicals, Archit Organosys Ltd. established Archit Life Science Limited as a wholly-owned subsidiary.
• In October 2021, to boost the manufacture of chemicals for industrial applications made from sustainable raw materials in rnskoldsvik, Sweden, Sekab invested SEK 100 million (about USD 9.79 million) in October 2021. By the end of 2022, the additional facility will also completed. After completion, the business was able to provide even more environmentally friendly chemicals, such as acetaldehyde, ethyl acetate, and acetic acid.
• In March 2021, Laxmi Organic Industries Ltd acquired AHPL to increase its production capacity. Through its subsidiary, YCPL, AHPL is engaged in the production of ethanol and ethyl acetate. Additionally, they raised the factory's installed production capacity from 78,045 MTPA to 82,525 MTPA. The change is projected to help the company's future incremental growth.

Segmentation:

By Derivative

• Pyridine and Pyridine Bases
• Pentaerythritol
• Acetic Acid
• Acetate Esters
• Butylene Glycol
• Others

By Process

• Oxidation of Ethylene
• Oxidation of Ethanol
• Dehydrogenation of Ethanol
• Others

By Industry Vertical

• Adhesives
• Resins
• Food and Beverage
• Paints and Coatings
• Pharmaceuticals
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Thailand
• Others

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

• 2.1. Research Data
• 2.2. Assumptions

3. EXECUTIVE SUMMARY

• 3.1. Research Highlights

4. MARKET DYNAMICS

• 4.1. Market Drivers
• 4.2. Market Restraints
• 4.3. Porter's Five Force Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. ACETALDEHYDE MARKET, BY DERIVATIVE

• 5.1. Introduction
• 5.2. Pyridine and Pyridine Bases
• 5.3. Pentaerythritol
• 5.4. Acetic Acid
• 5.5. Acetate Esters
• 5.6. Butylene Glycol
• 5.7. Others

6. ACETALDEHYDE MARKET, BY PROCESS

• 6.1. Introduction
• 6.2. Oxidation of Ethylene
• 6.3. Oxidation of Ethanol
• 6.4. Dehydrogenation of Ethanol
• 6.5. Others

7. ACETALDEHYDE MARKET, BY INDUSTRY VERTICAL

• 7.1. Introduction
• 7.2. Adhesives
• 7.3. Resins
• 7.4. Food and Beverage
• 7.5. Paints and Coatings
• 7.6. Pharmaceuticals
• 7.7. Others

8. ACETALDEHYDE MARKET, BY GEOGRAPHY

• 8.1. Introduction
• 8.2. North America
  • 8.2.1. USA
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Others
• 8.4. Europe
  • 8.4.1. Germany
  • 8.4.2. France
  • 8.4.3. United Kingdom
  • 8.4.4. Spain
  • 8.4.5. Others
• 8.5. Middle East And Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. UAE
  • 8.5.3. Israel
  • 8.5.4. Others
• 8.6. Asia Pacific
  • 8.6.1. China
  • 8.6.2. Japan
  • 8.6.3. India
  • 8.6.4. South Korea
  • 8.6.5. Indonesia
  • 8.6.6. Taiwan
  • 8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Emerging Players and Market Lucrativeness
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

• 10.1. Jubilant Pharmova Limited
• 10.2. Eastman Chemical Company
• 10.3. Sumitomo Chemical Co., Ltd.
• 10.4. LCY GROUP.
• 10.5. Godavari Biorefineries Ltd.
• 10.6. EuroChem Group
• 10.7. Kanoria Chemicals & Industries Ltd.
• 10.8. LobaChemie Pvt. Ltd.
• 10.9. Penta Manufacturer
• 10.10. Merck KGaA
• 10.11. Ashok Alco-Chem Ltd.
• 10.12. Celanese Corporation
• 10.13. Wacker Chemie AG