GITNUX MARKETDATA REPORT 2024

Acetaldehyde Industry Statistics

The acetaldehyde industry is expected to witness steady growth in the upcoming years driven by increasing demand from various end-use industries such as chemicals, pharmaceuticals, and food & beverage.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

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In this post, we explore key statistics and insights related to the global Acetaldehyde industry. From market values and projections to regional market shares and applications, these data points shed light on the dynamics shaping this crucial sector.

Statistic 1

"The global Acetaldehyde Market was valued at $1.3 billion in 2019."

Statistic 2

"The acetaldehyde market size is projected to reach $2.26 billion by 2026."

Statistic 3

"The CAGR of the Acetaldehyde market from 2021 to 2026 is projected to be 6.3%."

Statistic 4

"The Asian Pacific region leads the market share of global Acetaldehyde production, accounting for more than 50% of the total production."

Statistic 5

"The use of acetaldehyde in the production of basic chemicals accounts for 80% of the total demand."

Statistic 6

"In 2019, Eastman Chemical Company was the leading Acetaldehyde producer globally, with a capacity of 250,000 metric tons per year."

Statistic 7

"In India, the acetaldehyde market size is expected to grow at a CAGR of 8% during the forecast period of 2019-2024."

Statistic 8

"The medical and pharmaceutical segment is expected to witness the fastest growth in the acetaldehyde market at a CAGR of 8.5% from 2020 to 2027."

Statistic 9

"The acetaldehyde market in Europe was valued at USD 395 million in 2020."

Statistic 10

"Acetaldehyde has been classified as carcinogenic category 1B under the European Union CLP regulation."

Statistic 11

"The acetaldehyde market's demand in Singapore is expected to grow at a CAGR of 6.2% in the forecast period."

Statistic 12

"The per capita acetaldehyde consumption in Japan is higher than the consumption in the US, EU, and China."

Statistic 13

"The market rate growth of acetaldehyde in Brazil is expected to be 4.5% annually until 2024."

Statistic 14

"In 2021, the North American acetaldehyde market size is predicted to be 6% of the global acetaldehyde market."

Statistic 15

"A study shows that an increase of 10 μg m−3 in the ambient acetaldehyde concentration was associated with a 1.7% increase in total mortality in China."

Statistic 16

"90% of all acetaldehyde produced industrially is used as a precursor to acetic acid."

The statistics presented reveal a promising outlook for the global acetaldehyde market, with substantial growth projections and varied market dynamics across different regions and industries. The market is poised to expand significantly, driven by rising demand for basic chemicals and the increasing application of acetaldehyde in diverse sectors such as pharmaceuticals and healthcare. The dominance of the Asian Pacific region in acetaldehyde production underscores the evolving landscape of the industry, while regional variations in market size and growth rates highlight the nuanced nature of market trends. Additionally, regulatory considerations, such as the classification of acetaldehyde as carcinogenic by the EU, underline the importance of compliance and sustainability in market expansion. Overall, the statistics provide valuable insights into the evolving landscape of the acetaldehyde industry, emphasizing opportunities for growth and innovation.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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