Acetaldehyde MarketLocation: San Jose, CA
Date: 2019-09-05Acetaldehyde Market was sized US$ 1.25 Bn in 2016 and is anticipated to reach US$ 1.91 Bn by 2024 at a CAGR of about 6.24 % during a forecast period.
Global Acetaldehyde market is segmented by process, by derivatives, by application and by region. In terms of type, Acetaldehyde market is segmented into Dehydrogenation of Ethanol, Oxidation of Ethylene, Oxidation of Ethanol and Others Pyridine & Pyridine Bases, Acetic Acid, Pentaerythritol, Ethyl Acetate and others are the derivatives of the market. Chemicals, Plastics & Synthetic Rubber, Food & Beverage, Paints & Coatings, Pharmaceuticals & Cosmetics, Paper & Pulp, Water Treatment and Others are application segment of Acetaldehyde market. Geographically into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
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Acetaldehyde, an organic compound is one of the most important aldehydes produced and consumed globally for different industrial applications. Acetaldehyde occurs naturally and is also produced on a large scale commercially in various parts of the world. Natural sources of the compound include bread, coffee, fruits, and plants. Acetaldehyde is primarily used in the production of chemical compounds such as peracetic acid, pentaerythritol, acetate esters, acetic acid, acetic anhydride, 1,3-butylene glycol, and pyridine.The market for acetaldehyde is primarily expected to be driven by the downstream markets that use the compound as a key raw material.
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