(MENAFN- America News Hour)
Key Companies Covered in the Market Research are 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) ., Nov o Nordisk, etc. and other key market players.
Acetaldehyde Market to reach USD 1.26 billion by 2022 from USD 1.80 billion in 2031, at a CAGR of 8.7% during the forecast period. Kenneth Research recently added a report on Acetaldehyde Market which provides a detailed insight into the market scenario on the basis of the market size, market volume annual growth rate of the market over the forecast period, i.e., 2022-2031.
In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country's goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
Download Sample of This Strategic Report:
A report on Acetaldehyde Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
Global Acetaldehyde Market Analysis
According to Verified Market Research, The Global Acetaldehyde Market to reach USD 1.26 billion by 2022 from USD 1.80 billion in 2031, at a CAGR of 8.7% during the forecast period.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report:
What are Acetaldehyde?
The main use of acetaldehyde is primarily as an intermediate in the synthesis of other chemicals. Acetaldehyde is abundant in the environment and can also be formed in the body from the breakdown of ethanol. Acetaldehyde is used in the production of polyester resins, perfumes, and basic dyes and is also used for various other applications such as for hardening gelatin, as a denaturant for alcohol, fruit and fish preservative, as a flavoring agent, in fuel compositions and as a solvent in the rubber, tanning, and paper industries.
Global Acetaldehyde Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Increasing applications of acetaldehyde in applications such as food and beverage, pharmaceutical and water treatment industries are aiding in the growth of the market. Other factors that are aiding the growth of the market includes the increasing use of acetaldehyde in derivatives such as pyridines and pentaerythritol. Factors such as the environmental and health hazards from acetaldehyde are restraining the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The“Global Acetaldehyde Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Acetaldehyde Market Competitive Landscape
The“Global Acetaldehyde Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Eastman, Jubilant Life Sciences, Celanese, LCY Chemical, Merck Kgaa, Sumitomo Chemical, Showa Denko, Ashok Alco – Chem, Lonza, Sekab. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Acetaldehyde Market, By Process
? Oxidation of Ethylene (Hoechst-Wacker Process)
? Oxidation of Ethanol
? Dehydrogenation of Ethanol
? Others
Global Acetaldehyde Market, By Derivative
? Acetic Acid
? Ethyl Acetate
? Pyridine & Pyridine Bases
? Pentaerythritol
? Others
Global Acetaldehyde Market, By Application
? Chemicals
? Plastics & Synthetic Rubber
? Food & Beverage
? Paints & Coatings
? Pharmaceuticals & Cosmetics
? Others
Global Acetaldehyde Market Geographic Scope
? North America
o U.S.
o Canada
o Mexico
? Europe
o Germany
o UK
o France
o Rest of Europe
? Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
? Latin America
o Brazil
? Rest of the World
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our sales team.
Reasons to Purchase this Report
? Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
? Provision of market value (USD Billion) data for each segment and sub-segment
? Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
? Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
? Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
? Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
? The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
? Includes an in-depth analysis of the market of various perspectives through Porter's five forces analysis
? Provides insight into the market through Value Chain
? Market dynamics scenario, along with growth opportunities of the market in the years to come
? 6-month post sales analyst support
Request For Full Report:
About Us
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us
Name: Kenneth research
Email:
Phone: +1 313 462 0609
MENAFN23082022004545010068ID1104738842