DUBLIN--(BUSINESS WIRE)--The "Global
Acetaldehyde Market - Segmented by Application, End-User Industry and
Geography - Growth, Trends and Forecast (2018 - 2023)" report
has been added to ResearchAndMarkets.com's offering.
The global acetalhyde market is expected to witness a CAGR of approximately 3.5% during the forecast period.
The demand for pentaerythritol from various end-use applications including pesticide, pharmaceutical, resin, paints & coatings has been increasing continuously. However, the overall demand for acetaldehyde has witnessed a hindrance due to N-Butyraldehyde, which was earlier produced from acetaldehyde, is now being generated from propylene.
Pyridline accounted for the largest share by raw material in 2017. It is also one of the fastest growing segments, because pyridine and its bases are important raw materials in the production of agricultural chemicals. This has led to a significant rise in demand for pyridline, which in turn has benefitted the market for acetaldehyde. Additionally, with the increasing demand for pesticides, fertilizers, and insecticides, demand for acetaldehyde from agricultural chemicals segment is expected to further rise during the forecast period.
In terms of consumption, in 2017, China dominated the market in both the Asia-Pacific region and globally, accounting for approximately 46% of the market. The demand for and consumption of pyridines and pentaerythritol have increased rapidly over past few years, owing to growing downstream demand for pesticides, pharmaceuticals, and alkyd resin paints and coatings. Additionally, India is the second largest consumer of acetaldehyde globally. The country has been developing and growing rapidly in recent years.
- Ashok Alco - chem Limited
- BASF SE
- Celanese Corporation
- Eastman Chemical Company
- Huntsman Corporation
- Jubilant Life Sciences
- Laxmi Organic Industries Ltd.
- LCY GROUP
- Naran Lala Pvt. Ltd.
- S.A.dong Kunda Biotechnology
- Shijiazhuang Xinyu Sanyang Industry
- Sumitomo Chemical Co. Ltd.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/dndzk8/global?w=4