May 9, 2024   SOURCE: BusinessWire

Acetaldehyde Global Strategic Industry Report 2024: Market to Reach $4.7 Billion by 2030 - Novel Opportunities in Food & Beverages Sector, Technology Advances to Spur Future Growth - ResearchAndMarkets.com

The "Acetaldehyde - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

Global Acetaldehyde Market to Reach $4.7 Billion by 2030

The global market for Acetaldehyde estimated at US$3.3 Billion in the year 2023, is projected to reach a revised size of US$4.7 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030.

Acetaldehyde serves as a critical platform chemical for organic chemicals production, with recent market activity indicating stability and projected growth in the coming years. Pyridine Derivative, one of the segments analyzed in the report, is expected to record a 6% CAGR and reach US$2 Billion by the end of the analysis period. Growth in the Pentaerythritol Derivative segment is estimated at 4.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $885.5 Million, While China is Forecast to Grow at 8.9% CAGR

China stands as the dominant force in the world acetaldehyde market, while India emerges as a significant consumer. The progressive momentum in global manufacturing PMI underpins volume growth, and developed regions offer ongoing opportunities for expansion. Furthermore, a favorable economic scenario is expected to contribute to market expansion.

The Acetaldehyde market in the U.S. is estimated at US$885.5 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2030 trailing a CAGR of 8.9% over the analysis period 2023 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$645.9 Million by the year 2030.

Key Attributes:

Report Attribute Details
No. of Pages 181
Forecast Period 2023 - 2030
Estimated Market Value (USD) in 2023 $3.3 Billion
Forecasted Market Value (USD) by 2030 $4.7 Billion
Compound Annual Growth Rate 5.3%
Regions Covered Global

MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Acetaldehyde: A Vital Platform Chemical for Organic Chemicals Production
  • Recent Market Activity
  • Stable Growth Projected Over the Next Few Years
  • China Dominates the World Acetaldehyde Market
  • India Emerges as a Major Consumer
  • Progressive Momentum in Global Manufacturing PMI Underpins Volume Growth
  • Developed Regions Continue to Extend Opportunities
  • Favorable Economic Scenario to Aid Market Expansion
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Acetaldehyde - Global Key Competitors Percentage Market Share in 2024 (E)

MARKET TRENDS & DRIVERS

  • Pyridine & Pyridine Bases: Largest & Fastest Growing End-use Segment
  • Increasing Production of Crotonaldehyde Benefit Consumption of Acetaldehyde in its Synthesis
  • Pyridine & Pyridine Bases: Largest & Fastest Growing End-use Segment
  • Rising Demand for Sorbic Acid as Antimicrobial Preservative Drives Crotonaldehyde Production
  • Acetaldehyde Usage in Butanediol Production Bode Well for the Market
  • Expanding Applications for Glyoxal/Glyoxylic Acid Drive Demand for Acetaldehyde
  • Established Image as Key Ingredient in Fertilizers & Pesticides Aids Market Growth
  • Role in Manufacture of PVA Compounds Steers Volume Sales
  • Novel Opportunities in Food & Beverages Sector
  • Technology Advances to Spur Future Growth
  • Issues & Challenges
  • Carcinogenicity of Acetaldehyde Raises Risks and Safety Concerns
  • Sources of Acetaldehyde Exposure
  • Associated Health Risks Hampers Usage in Food & Beverage
  • Regulations for Ensuring Safety of Foods & Beverages

FOCUS ON SELECT PLAYERS (Total 18 Featured)

  • Ashok Alco - chem Limited
  • Celanese Corporation
  • China National Petroleum Corporation
  • Eastman Chemical Company
  • Jubilant Life Sciences Limited
  • KH Neochem Co. Ltd.
  • Laxmi Organic Industries Ltd.
  • Lonza Group Ltd.
  • Naran Lala Pvt. Ltd.
  • SEKAB
  • Showa Denko K.K.
  • Sigma Aldrich Corp.
  • Sumitomo Chemical Co., Ltd.

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