Competitive Analysis:

Some of the prominent manufacturers in the global market of acetaldehyde are Celanese Corporation (U.S.), Eastman Chemical Company (U.S.), Merck KGaA (Germany), Sumitomo Corporation (Japan), SEKAB (Sweden), SHOWA DENKO K.K. (Japan), Jubilant Life Sciences Ltd. (India), Ashok Alco- chem Limited (India), LCY Group (Taiwan), Laxmi Organic Industries Ltd. (India), Lonza (Switzerland), Naran Lala Pvt. Ltd. (India), Eurochem Group AG (Switzerland), Wacker Chemie AG (Germany), and China National Petroleum Corporation (China).

Acetaldehyde Market is majorly driven by its application as a chemical intermediate. Various chemicals are produced using acetaldehyde include pyridine & pyridine bases, pentaerythritol, acetic acid among others. The increasing demand for acetaldehyde as a preservative and flavoring agent from the food & beverage industry is another major driver of the global acetaldehyde market. It is highly used to add flavors to various consumables such as milk products, baked goods, fruit juices, desserts, candies, and soft drinks.

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The Global Acetaldehyde Market is segmented on the basis of the product type, application, and region.

The product type segment is categorized into pyridine & pyridine bases, pentaerythritol, acetic acid, peracetic acid, ethyl acetate, and others. The pyridine & pyridine based and pentaerythritol together lead the segmental market. Pyridine is a precursor of many agrochemicals and pharmaceuticals. Nitrapyrin is the fertilizer produced using pyridine, which is responsible for the transformation of nitrogen in the soil. Pentaerythritol is used in fuel composition to produce aviation turbine fuel, automotive engine oil, lubricants, etc. which drives the product demand in the aerospace & defense, automotive, and others.

On the basis of the application, the global Acetaldehyde Market Size is segregated into chemical synthesis, food & beverage, pharmaceuticals & cosmetics, paper & pulp, plastics & synthetic rubber, paints & coatings, and others. The chemical synthesis is the major application segment accounting for major part of the market share as these chemicals are used in almost every end-use industries such as military & defense, aviation, marine, and others. Furthermore, the increasing demand for the food & beverages and pharmaceuticals & personal care products by the growing population are likely to propel the market growth.