Acetaldehyde Market expected to be worth USD 1.80 Billion by 2022, at a CAGR of 6.24%, from 2017–2022

The Acetaldehyde Market is estimated at USD 1.33 Billion in 2017 and is projected to reach USD 1.80 Billion by 2022, at a CAGR of 6.24% during the forecast period. This growth can be attributed to the increasing demand for acetaldehyde in the water treatment application. In addition, the demand for high-quality derivatives in emerging economies is another significant factor contributing to the growth of the acetaldehyde market.

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Browse 64 Tables and 33 Figures spread through 114 Pages and in-depth TOC on "Acetaldehyde Market"  

The global demand for acetaldehyde is reducing, primarily due to the lower consumption of acetaldehyde for the manufacture of acetic acid. The acetic acid manufacturing industry continues to move towards the methanol carbonylation process which is more efficient compared to production using acetaldehyde. The phasing out of acetic acid production with the use of acetaldehyde is restraining the growth of acetaldehyde market.

Major players, such as Celanese (US), Eastman (US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa Denko (Japan), Jubilant Life Sciences (India), Lonza (Switzerland), LCY Chemical (Taiwan), and Ashok Alco-chem (India) have adopted key growth strategies, such as expansions and acquisitions to strengthen their footholds in the Acetaldehyde Market.

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