Phase-Out of Acetic Acid Consumption Portend Grim Outlook for Global Acetaldehyde Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Acetaldehyde markets. The global acetaldehyde market is forecast to exceed 1.2 million tons by the year 2017. Substantial decline in the consumption of acetic acid in most countries worldwide, triggered the trend of declining demand and high prices in the market. Global acetaldehyde demand is estimated to remain relatively flat in the future across European and Asia-Pacific regions, while it is likely to gradually decline in North America.

Acetaldehyde: A Global Strategic Business Report

Follow us on LinkedIn – Worldwide market for acetaldehyde has been on decline over the past few years, and is projected to remain sluggish in the coming years. The major factor delineating this trend has been the decline in consumption for acetic acid, which is a direct result of the general trend towards the more efficient carbonylation-of-methanol process. Significant erosion in demand and escalating prices are some other factors contributing for the slowdown in the world market. The acetaldehyde market is projected to witness closures of acetic-acid-from-acetaldehyde operations in regions where it is presently utilized. Across Asia-Pacific, usage of acetaldehyde for the manufacture of acetic acid is likely to be discontinued in the near term, migrating to carbonylation-of-methanol process. China represents the only region in the world where new acetaldehyde capacity installations have occurred in the recent past. Asia-Pacific, led by China, represents the largest and fastest regions for acetaldehyde, as stated by the recent research report on Acetaldehyde. The closure of Celanese AG's European acetaldehyde-to-acetic-acid business, propelled China ahead as the largest consumer of acetaldehyde in the world.

Although the use of acetaldehyde for the manufacture of acetic acid has been completely phased out in North America and Western Europe, its usage for manufacturing synthetic pyridines, pentaerythritol, and acetate ester is expected to remain positive. With no new high-volume applications of acetaldehyde expected in the near future, the decline in acetic-acid-from-acetaldehyde operations is expected to offset growth in these sectors. The overall acetaldehyde demand is estimated to remain relatively flat through 2015 across European and Asia-Pacific regions, while it is likely to gradually decline in the US and Canada.

Acetic Ether constitutes the largest end-use segment for acetaldehyde and is commonly used as a solvent in nail polish removers and glues. Conversely, Pyridine used as an intermediate in the manufacture of several industrial and chemical products is expected to surge at the fastest CAGR of 3.6% over the analysis period. Future application of acetaldehyde is determined by the level of usage in manufacture of other chemicals such as acetic acid, acetic ether, n-Butanediol and crotonaldehyde. Of this acetic acid constitutes the major end-use application as it forms the basic raw material to manufacture vinyl acetate monomer, pure terepthalic acid, acetate esters, monocholoroacetic acid, and acetic anhydride.

Leading players profiled in the report include Celanese Corporation, Eastman Chemical Company, Jubilant Organosys Limited, Showa Denko K.K., and Wacker-Chemie AG.

The research report titled “Acetaldehyde: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Acetaldehyde market, current market trends, product overview, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for Acetaldehyde market for the years 2009 through 2017 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Key end-use segments analyzed include Acetic Acid, Acetane Hydride, Acetic Ether, 1,3 Butanediol, n-Butyraldehyde, Crotonaldehyde, Glyoxal/Glyoxylic Acid, Penta-Erithryte, Peracetic Acid, and Pyridine. The study also presents a historic analysis (2003-2008) for additional perspective.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Acetaldehyde_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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