Acetaldehyde Market – Forecasts and Analysis by Technavio

October 2, 2017

LONDON–(BUSINESS WIRE)–#Chemicals–According to the latest market study released by Technavio,
the global acetaldehyde market is expected to grow at a CAGR of more
than 4% during the forecast period.

This research report titled ‘Global
Acetaldehyde Market 2017-2021’ provides an in-depth analysis of the
market in terms of revenue and emerging market trends. This market
research report also includes up to date analysis and forecasts for
various market segments and all geographical regions.

The global acetaldehyde market is expected to grow significantly during
the forecast period because of its high demand from the food and
beverage industries. Geographically, the demand for acetaldehyde from
APAC is expected to be the highest among all the regions because of the
huge consumption base, especially in countries like China and India.
Along with this, the growth in the consumption of pyridines is expected
to drive the overall market shortly.

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Technavio’s chemicals
and materials research analysts categorize the global
acetaldehyde market into the following segments by product. They are:

Pyridine
Pentaerythritol
Acetic acid
Acetate esters
Acetic anhydride
Others

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The top three revenue-generating product segments of the global
acetaldehyde market are discussed below:

Pyridine

Pyridine is produced when formaldehyde or acetaldehyde are reacted with
ammonia. It is generally used as a solvent and a reagent. Currently, it
is used as a precursor in various agrochemical and pharmaceutical
products. Thus, with the advancement of pharmaceutical industry and
biocatalysis processes, the demand for pyridine will increase.

According to Kurva Samba Sivudu, a lead specialty
chemicals research analyst from Technavio, “Pyridine is used in
the electronics and semiconductor industries to some extent.
Acetaldehyde is preferred by manufacturers of pyridine because it is
inexpensive and widely available. Thus, with the growth of the pyridine
market, the expansion of acetaldehyde
market is also expected to grow in the next five years.”

Pentaerythritol

Pentaerythritol is an organic compound, which is white, crystalline, and
water soluble. It is formed by the condensation of acetaldehyde with
formaldehyde. This makes acetaldehyde an important raw material in the
manufacturing of pentaerythritol. Pentaerythritol is used in various
products such as alkyd resins, rosin esters, synthetic lubricants,
antioxidants, and explosives.

“The application field of pentaerythritol is expanding. Recently it
is being used in applications like marine coatings and therapeutics.
This is expected to increase the applications for acetaldehyde in the
global market. As pentaerythritol is eco-friendly, its use is encouraged
by several governments across the globe, which is propelling its demand
in many application areas,” adds Kurva.

Acetic acid

Acetic acid is an organic compound, which is used as a reagent to
produce various compounds such as vinyl acetate monomers and esters.
Acetic acid is formed from methanol through the carboxylation process.
Other than this, it is also formed by the oxidation of acetaldehyde.

Acetic acid is used in the medical treatment of diseases that occur from
tumor such as cancer. In the form of vinegar, it finds application in
foods and beverages. Thus, being one of the preferred raw materials in
the formation of acetic acid, the demand for acetaldehyde will
accelerate with the increasing use of acetic acid during the forecast
period.

The top vendors highlighted by Technavio’s research analysts in this
report are:

Ashok Alco-chem Limited
Celanese
Eastman Chemical
Lonza
Sumitomo Chemical

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