Acetaldehyde Market Overview to 2023
Acetaldehyde is an organic colorless liquid compound. Also known as ethanol, it is majorly used as a precursor to its derivatives and other chemical compounds. It occurs naturally in coffee, bread, and ripe fruits and is synthesized by some plants. Commercially, the product is manufactured through Wacker process, i.e., ethylene oxidation. The other processes for manufacturing acetaldehyde are oxidation and dehydrogenation of ethanol, hydroformylation of methanol, and hydration of acetylene.
Global Top Key Players and Manufacturers
Some of the prominent manufacturers in the global market of acetaldehyde are Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), Merck KGaA (Germany), Sumitomo Corporation (Japan), SEKAB (Sweden), SHOWA DENKO K.K. (Japan), Jubilant Life Sciences Ltd. (India), Ashok Alco- chem Limited (India), LCY Group (Taiwan), Laxmi Organic Industries Ltd. (India), Lonza (Switzerland), Naran Lala Pvt. Ltd. (India), Eurochem Group AG (Switzerland), Wacker Chemie AG (Germany), and China National Petroleum Corporation (China).
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Acetaldehyde is a raw material for the production of various products such as pyridine & pyridine bases, pentaerythritol, acetic acid, peracetic acid, ethyl acetate, and others. It can be used as a solvent and bleaching agent for paper & pulp industries and rubber industries. However, manufacturing of acetaldehyde through acetylene hydration is least used due to the formation of large quantities of byproduct.
Increasing demand for acetaldehyde as an intermediate in the synthesis of commodity chemical compounds is the major driver of the global acetaldehyde market due to their use in the major end-use industries such as food & beverage, rubber industry, paper & pulp, and others. Acetaldehyde is widely used as a flavoring agent and fruit & fish preservative in the food & beverage industry, which is likely to propel the market growth due to the changing food consumption habits and need for longer shelf life food products. Moreover, the product is used for hardening of gelatin, which, in turn, is expected to drive the demand for the product from photography, pharmaceuticals, and cosmetic industries. Additionally, the manufacturing of polymer resins and basic dyes using acetaldehyde is likely to propel the market growth due to the high demand from paints & coatings industries. However, acetaldehyde is identified as group 1 carcinogen by regulatory bodies such as National Institute of Occupational Safety & Health (NIOSH) and the International Agency for Research on Cancer (IARC). The global demand for acetaldehyde is reducing due to it’s lower consumption in the manufacturing of acetic acid. This factors may challenge the market growth during the review period 2017-2023.
- Acetaldehyde Manufacturers
- Traders and distributors of Acetaldehyde
- Research and development institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory