Acetaldehyde Market 2017-2022 Industry Analysis and Future Insights
Acetaldehyde Market Size and Growth Rate:
Acetaldehyde Market was going to reach USD 1.5 billion by 2022 and expected to grow at a CAGR of 5.8% during the forecast period 2017 to 2022.
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Acetaldehyde Market Growth Drivers and Restraints:
Pyridine accounted for the highest share by raw material in 2018. It is also one of the quickest growing segments because it is mainly related to raw materials in the creation of agricultural chemicals. This has led to a notable rise in demand for pyridine, which in turn has profited the market for acetaldehyde. Additionally, with the growing demand for pesticides, manure, and insecticides, need for acetaldehyde from agricultural chemicals division is expected to rise during the forecast period.
The ethylene oxidation method controls a significant share in the global market. The method, also known as the Wacker method, is catalytic in nature and requires the use of a reduction-oxidation system to provide the chemical. Its main benefit is that it has a greater reaction rate in the loss of chlorinated products. Pyridine derivative of acetaldehyde operates with the largest share in the market.
Geographical Analysis of Acetaldehyde Market:
Additionally, India is the next largest consumer of acetaldehyde globally. The nation has been developing and growing quickly in recent years. The prime reason for the market increase is the accelerating usage of pyridines, making Asia-Pacific the biggest consumer in the world.
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Key Players of Acetaldehyde Market:
Some of the leading market players of Acetaldehyde Market are Jinyimeng Group, Eastman Chemical Company, Laxmi Organic Industries Ltd, SEKAB, LCY GROUP, China Overseas Pioneer Chemicals, Shandong Kunda Biotechnology, Showa Denko K.K., Jubilant and others.
Acetaldehyde Market Key Segmentation:
By Product:
- Ethylene Type
- Ethanol Type
By Industry:
- Acetic acid
- Pentaerythritol
- Pyridines
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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