Acetaldehyde Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI3529

Summary Methodology

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.

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.

The product is facing low consumption trends owing to substitutes including methanol carbonylation process to derive acetic acid. Methanol carbonylation process is convenient along being cost effective. These factors may hamper acetaldehyde price trends and industry profitability. However, technological advancements in downstream derivatives process may drive acetaldehyde market demand.

Global wine market is anticipated to surpass USD 450 billion by 2025 with gains over 5.5%. The product plays a vital role in wine aroma owing to it being 90% constituent of the drink. Acetaldehyde initiates as an intermediate product of yeast metabolism from pyruvate through glycolytic pathway enzymes. In white wines acetaldehyde is observed as an indicator of wine oxidation state while in red wines it must be exist in amounts equal to 100 mg, thereby promoting acetaldehyde market growth.

North America led by Mexico, Canada, and the U.S. acetaldehyde market revenue may witness significant gains in the estimated timeframe. The product is used to synthesize its derivatives including peracetic acid, butylene glycol, and pentaerythritol. Growing popularity of these biocidal chemicals will stimulate regional market growth.

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.

By Process, 2014-2025 (Kilo Tons) (USD Million)

  • Dehydrogenation of Ethanol
  • Wacker Process
  • Oxidation of Ethanol

By Downstream Potential, 2014-2025 (Kilo Tons) (USD Million)

  • Acetic Acid
  • Ethyl Acetate
  • Pyridine & Pyridine Bases
  • Pentaerythritol
  • Others

By Application, 2014-2025 (Kilo Tons) (USD Million)

  • Plastics & Synthetic Rubber
  • Chemicals
  • Food & Beverage
  • Cosmetics
  • Paper & Pulp
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Malaysia
  • Latin America
    • Brazil
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Company Profiles:

  • Eastman Chemical Company
  • Sinopec
  • Showa Denko
  • Celanese Corporation
  • Lonza
  • Jubilant Life Sciences
  • China National Petroleum Corporation
  • Sumitomo Chemical
  • Wacker Chemie AG


What Information does this report contain?

Historical data coverage: 2016 to 2020; Growth Projections: 2021 to 2027.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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