- Pyridine and Pyridine Bases
- Pentaerythritol
- Acetic Acid
- Acetate Esters
- Butylene Glycol
- Other Derivatives
Acetaldehyde Market size was valued at USD 1,782.8 million in 2023 and is poised to grow at a CAGR of 6.6% from 2023-2029. Acetaldehyde, also referred to as ethanal, is a colorless, flammable, and pungent-smelling organic chemical compound with the chemical formula CH3CHO. It is one of the most basic aldehydes, a class of organic compounds distinguished by a carbonyl group (-C=O) bonded to a hydrogen atom and an R group, where R can be a hydrogen atom or an alkyl or aryl group, and is used as an important intermediate chemical in the production of various industrial chemicals and plastics, including acetic acid, acetic anhydride, and various resins. The increased demand for plastics and related materials in various industries for the production of various resins, and polymers, including polyvinyl acetate (PVA) and polyvinyl alcohol (PVOH) drives the acetaldehyde market.
Furthermore, the extensive usage of acetaldehyde as a flavoring agent in the food and beverage industry coupled with consumers' demand for processed and packaged foods is anticipated to propel the market. Additionally, an opportunity for the development and commercialization of bio-based acetaldehyde, that may be produced from renewable sources, is presented by the rising need for ecologically friendly and sustainable chemicals. This also fits with the current trend toward eco-friendly and bio-based compounds.
In addition, the production and supply chain for acetaldehyde is blooming with the integration of digital technology and smart manufacturing techniques, that is resulting in higher productivity and better-quality control. But the health risks and safety issues associated with acetaldehyde along with the Strict safety restrictions may make it more difficult and expensive to produce and handle that may further hinder the market growth. However, the increased usage of acetaldehyde by major chemical industries, industrialization, increased disposable income, rising research and developmental activities, and emergence of new chemical industries in the market are anticipated to burgeon the market during the forecast period.
Acetaldehyde Market Key Developments:
- In July 2022, Agro Amazonia Produtos Agropecuários S.A., a Sumitomo Chemical Co., Ltd. subsidiary, acquired Nativa. This move is expected to increase net sales and broaden the company's geographic reach in Brazil.
- In June 2019, the Eastman Chemical Company announced a USD 70 million investment for the expansion of its Louisiana operation. Within three years of the announcement, the growth plan also calls for upgrading its control and dependability capabilities.
Acetaldehyde Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.6%
Largest Market
Asia Pacific
Fastest Growing Market
Asia Pacific
Acetaldehyde Market Dynamics
The market is expected to rise owing to the increased demand for acetic acid, a major derivative of acetaldehyde. The synthesis of acetic acid requires the usage of the essential intermediary molecule acetaldehyde. The most typical way to produce acetic acid is by catalytically oxidizing acetaldehyde. As a result, acetic acid production takes up a sizeable percentage of acetaldehyde production. Acetic acid is widely employed in many different sectors of the economy, including the chemical, textile, food and beverage, pharmaceutical, and plastics industries. It has a variety of uses, including as a solvent, preservative, and acidulant. The requirement for acetaldehyde is driven by the need for acetic acid across these industries. In addition, there is a growing need for acetaldehyde in the pharmaceutical, food processing, and textile industries.
Asia-Pacific Got Significant Share Of
Acetaldehyde Market Regional Analysis
The Asia Pacific acetaldehyde market was valued at USD 593.3 Million in 2018 and grew at 6.2% CAGR over the historic years and is poised to grow at 6.8% CAGR over the forecast period owing to the robust growth experienced by the chemical industry and many chemical manufacturers establishing production facilities in the region. Additionally, the region's growing middle class has increased consumption of consumer goods, medicines, and chemicals, which has raised the need for acetaldehyde. Additionally, some Asian nations' lower labor and manufacturing costs make them a cost-competitive region for the manufacture of acetaldehyde and its downstream derivatives. China is both an acetaldehyde producer and consumer, and is crucial to the worldwide supply chain. The area dominates the acetaldehyde market in part because of this global demand.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Acetaldehyde Market Segmentation
By Derivative
By Process
- Oxidation of Ethylene (Hoechst-Wacker Process)
- Oxidation of Ethanol
- Dehydrogenation of Ethanol
- Others
By End User
- Adhesives
- Resins
- Food and Beverage
- Paints and Coatings
- Pharmaceuticals
- Other
Frequently Asked Questions
The acetaldehyde market size was valued at USD 1,782.8 million in 2023
Solvay SA (Belgium), Eastman Chemical Company (U.S.), Jubilant Life Sciences (India), Sumitomo Chemical Co. Ltd. (Japan), Arkema (France), Honeywell International (U.S.), Laxmi Organic Industries Ltd. (India), SHOWA DENKO K.K. (Japan), Wacker Chemie AG (Germany), and Celanese Corporation (U.S.) are a few companies operating in acetaldehyde market.
Asia Pacific dominates the market in 2022, and is anticipated to grow with 6.8% CAGR over the forecast period 2023-2029.
| 1. Executive Summary |
| 2. Global Acetaldehyde Market Introduction |
| 2.1.Global Acetaldehyde Market - Taxonomy |
| 2.2.Global Acetaldehyde Market - Definitions |
| 2.2.1.Derivative |
| 2.2.2.Process |
| 2.2.3.End Users |
| 2.2.4.Region |
| 3. Global Acetaldehyde Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Acetaldehyde Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Acetaldehyde Market By Derivative, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Pyridine and Pyridine Bases |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Pentaerythritol |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Acetic Acid |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Acetate Esters |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Butylene Glycol |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Other Derivatives |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Acetaldehyde Market By Process, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Oxidation of Ethylene (Hoechst-Wacker Process) |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Oxidation of Ethanol |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Dehydrogenation of Ethanol |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Acetaldehyde Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Adhesives |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Resins |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Food and Beverage |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Paints and Coatings |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Pharmaceuticals |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Other |
| 7.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.6.3. Market Opportunity Analysis |
| 8. Global Acetaldehyde Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Acetaldehyde Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Derivative Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Pyridine and Pyridine Bases |
| 9.1.2.Pentaerythritol |
| 9.1.3.Acetic Acid |
| 9.1.4.Acetate Esters |
| 9.1.5.Butylene Glycol |
| 9.1.6.Other Derivatives |
| 9.2. Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Oxidation of Ethylene (Hoechst-Wacker Process) |
| 9.2.2.Oxidation of Ethanol |
| 9.2.3.Dehydrogenation of Ethanol |
| 9.2.4.Others |
| 9.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Adhesives |
| 9.3.2.Resins |
| 9.3.3.Food and Beverage |
| 9.3.4.Paints and Coatings |
| 9.3.5.Pharmaceuticals |
| 9.3.6.Other |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Acetaldehyde Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Pyridine and Pyridine Bases |
| 10.1.2.Pentaerythritol |
| 10.1.3.Acetic Acid |
| 10.1.4.Acetate Esters |
| 10.1.5.Butylene Glycol |
| 10.1.6.Other Derivatives |
| 10.2. Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Oxidation of Ethylene (Hoechst-Wacker Process) |
| 10.2.2.Oxidation of Ethanol |
| 10.2.3.Dehydrogenation of Ethanol |
| 10.2.4.Others |
| 10.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Adhesives |
| 10.3.2.Resins |
| 10.3.3.Food and Beverage |
| 10.3.4.Paints and Coatings |
| 10.3.5.Pharmaceuticals |
| 10.3.6.Other |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Acetaldehyde Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Pyridine and Pyridine Bases |
| 11.1.2.Pentaerythritol |
| 11.1.3.Acetic Acid |
| 11.1.4.Acetate Esters |
| 11.1.5.Butylene Glycol |
| 11.1.6.Other Derivatives |
| 11.2. Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Oxidation of Ethylene (Hoechst-Wacker Process) |
| 11.2.2.Oxidation of Ethanol |
| 11.2.3.Dehydrogenation of Ethanol |
| 11.2.4.Others |
| 11.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Adhesives |
| 11.3.2.Resins |
| 11.3.3.Food and Beverage |
| 11.3.4.Paints and Coatings |
| 11.3.5.Pharmaceuticals |
| 11.3.6.Other |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Acetaldehyde Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Pyridine and Pyridine Bases |
| 12.1.2.Pentaerythritol |
| 12.1.3.Acetic Acid |
| 12.1.4.Acetate Esters |
| 12.1.5.Butylene Glycol |
| 12.1.6.Other Derivatives |
| 12.2. Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Oxidation of Ethylene (Hoechst-Wacker Process) |
| 12.2.2.Oxidation of Ethanol |
| 12.2.3.Dehydrogenation of Ethanol |
| 12.2.4.Others |
| 12.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Adhesives |
| 12.3.2.Resins |
| 12.3.3.Food and Beverage |
| 12.3.4.Paints and Coatings |
| 12.3.5.Pharmaceuticals |
| 12.3.6.Other |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Acetaldehyde Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Derivative Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Pyridine and Pyridine Bases |
| 13.1.2.Pentaerythritol |
| 13.1.3.Acetic Acid |
| 13.1.4.Acetate Esters |
| 13.1.5.Butylene Glycol |
| 13.1.6.Other Derivatives |
| 13.2. Process Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Oxidation of Ethylene (Hoechst-Wacker Process) |
| 13.2.2.Oxidation of Ethanol |
| 13.2.3.Dehydrogenation of Ethanol |
| 13.2.4.Others |
| 13.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Adhesives |
| 13.3.2.Resins |
| 13.3.3.Food and Beverage |
| 13.3.4.Paints and Coatings |
| 13.3.5.Pharmaceuticals |
| 13.3.6.Other |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Solvay SA (Belgium) |
| 14.2.2.Eastman Chemical Company (U.S.) |
| 14.2.3.Jubilant Life Sciences (India) |
| 14.2.4.Sumitomo Chemical Co. Ltd. (Japan) |
| 14.2.5.Arkema (France) |
| 14.2.6.Honeywell International (U.S.) |
| 14.2.7.Laxmi Organic Industries Ltd. (India) |
| 14.2.8.SHOWA DENKO K.K. (Japan) |
| 14.2.9.Wacker Chemie AG (Germany) |
| 14.2.10.Celanese Corporation (U.S.) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Solvay SA (Belgium)
- Eastman Chemical Company (U.S.)
- Jubilant Life Sciences (India)
- Sumitomo Chemical Co. Ltd. (Japan)
- Arkema (France)
- Honeywell International (U.S.)
- Laxmi Organic Industries Ltd. (India)
- SHOWA DENKO K.K. (Japan)
- Wacker Chemie AG (Germany)
- Celanese Corporation (U.S.)