Global Acetaldehyde Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

The major derivatives of acetaldehyde are Pyridine & Pyridine Bases, Pentaerythritol, Acetate Esters, Acetic Acid and Others. The biggest market shares are for pyridine and pyridine bases accounting for more than 36% of the global acetaldehyde consumption followed by demand for pentaerythritol. Acetaldehyde demand for acetic acid and acetate esters together account for more than 25% of the global consumption. The major applications of acetaldehyde are in paints & coatings, pharmaceuticals, chemicals, adhesives, food & beverage, paper & pulp and fertilizers. It is also used in other industries in small volume.

In 2017, the food & beverage applications for flavours account for the largest market share. It is followed by the demand for various other derivatives. The increase in demand from food & beverages sector is like to add to the growth of the product in the long-term forecast. As far a regional consumption is concerned, Asia-Pacific accounts for the largest market share accounting for almost more than 70% of the global consumption and china alone accounts for almost 65% of this regional demand followed by India accounting for around 20% of this. India is expected to be the fastest growing market in the region followed by China in the region.

Prismane consulting estimates the overall global consumption of acetaldehyde to grow at a CAGR of 2.8% in the long-term forecast till 2030.