According to a new report, published by KBV research, The Global Acetaldehyde Market size is expected to reach $2.6 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,180.26 Kilo Tonnes, experiencing a growth of 4.4% (2019-2022).
The Acetic Acid segment is generating the maximum revenue in the Global Acetaldehyde Market by Derivative in 2022; thereby, achieving a market value of $774.9 million by 2030. Acetaldehyde is a crucial precursor in the synthesis of acetic acid. The oxidation of acetaldehyde is a common method for acetic acid production. Acetaldehyde is used to produce acetic acid, and the demand for PET contributes to the increased production of acetaldehyde. Acetic acid is a key precursor in vinyl acetate monomer (VAM) production. Acetaldehyde is used to synthesize acetic acid, which, in turn, is used to produce VAM. The demand for VAM, utilized in manufacturing adhesives and coatings, can drive the market segment.
The Chemicals segment is experiencing a CAGR of 5% during (2023 - 2030). Acetaldehyde is employed in the production of various solvents and chemical intermediates. These chemicals are utilized in diverse industries, including manufacturing, textiles, and electronics, driving the demand for acetaldehyde as a versatile chemical building block. Acetaldehyde finds application in the production of dyes and pigments. These colorants are essential in various industries, including textiles, paints, and coatings. The expansion of the dyes and pigments industry contributes to the demand for acetaldehyde.
The Asia Pacific region dominated the Global Acetaldehyde Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,234 million by 2030. The Europe region is anticipated to grow a CAGR of 5.1% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 4.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/acetaldehyde-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Celanese Corporation, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., Solvay SA, Lonza Group Ltd., Arkema S.A., Merck KGAA, LCY CHEMICAL CORP., Jubilant Ingrevia Limited and Ashok Alco-chem Limited.
By Derivative (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Companies Profiled
Unique Offerings 
