Expanding Application of Acetaldehyde in Various Industries is Expected to Drive the Growth of India Acetaldehyde Market

Acetaldehyde is a basic building ingredient in the creation of a wide range of high-demand chemicals, contributing to the expansion of numerous businesses. One significant application is the production of acetic acid, a versatile chemical that is widely used in textiles, medicines, and the food and beverage industries. Acetaldehyde is a precursor in the manufacture of acetic acid, and its increasing demand is directly stimulated by its numerous applications. Furthermore, acetaldehyde is required for the synthesis of pentaerythritol, a critical chemical used in coatings, adhesives, and flame retardants. The expansion of India's construction and automotive sectors adds considerably to the increased demand for pentaerythritol, which drives the acetaldehyde market. The demand for commodity chemicals made from acetaldehyde is expected to rise, as India continues to develop economically, industrialize, and urbanize. Acetaldehyde is a vital component in the country's chemical production environment due to the synthesis of these essential compounds, each with its distinct applications across diverse industries, which is driving market growth.

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Data Bridge Market Research analyzes that the India Acetaldehyde Market is expected to reach USD 96,421.26 thousand by 2031 from USD 71,147.77 thousand in 2023, growing at a CAGR of 4.0% in the forecast period of 2024 to 2031.

Key Findings of the Study

Rapid Growth of the Pharmaceutical Industry

Acetaldehyde is an essential component in pharmaceutical manufacturing due to its critical function in the synthesis of different pharmaceutical intermediates and Active Pharmaceutical Ingredients (APIs). Acetaldehyde is widely utilized in the pharmaceutical industry for the manufacture of vitamin B1 (thiamine), a vital component used in pharmaceutical formulations. The expanding emphasis on healthcare, the rising population, and the incidence of vitamin deficiencies all contribute to an increase in demand for vitamin B1, driving the demand for acetaldehyde. In addition, acetaldehyde is an important step in the production of pyridine, a molecule that has numerous applications in the pharmaceutical and agrochemical sectors. Pyridine derivatives are critical components of many pharmaceutical formulations, contributing to the growth of the pharmaceutical sector in India. The robust growth of India's pharmaceutical industry, prompted by increased healthcare awareness, a growing middle-class population, and government initiatives, places acetaldehyde as a vital element in the creation of pharmaceutical compounds, which is an important factor driving the market growth.

Report Scope and Market Segmentation

Segment Analysis

The India acetaldehyde market is segmented into three notable segments based on derivative, process, and application.

• On the basis of derivative, the market is segmented into pyridine and pyridine bases, Pentaerythritol, acetic acid, ethyl acetate, butylene glycol, Peracetic Acid, acetate esters, and others

In 2024, the pyridine and pyridine bases segment is expected to dominate the India acetaldehyde market

In 2024, the pyridine and pyridine bases segment is expected to dominate the market with a 30.99% market share as they are considered efficient catalysts. They enhance the synthesis of acetaldehyde from ethanol, improving reaction efficiency and selectivity in the manufacturing process.

• On the basis of process, the market is segmented into wacker process, oxidation of ethanol, dehydrogenation of ethanol, hydration of acetylene, hydroformylation of methanol, and others

In 2024, the wacker process segment is expected to dominate the India acetaldehyde market

In 2024, the wacker process segment is expected to dominate the market with a 35.95% market share due to its efficiency and sustainability. This method provides a direct and environmentally friendly route for acetaldehyde production.

• On the basis of application, the market is segmented into chemical synthesis, food and beverages, pharmaceuticals, plastics and resins, cosmetics, Paints and Coatings, Water Treatment, paper and pulp, and others. In 2024, the chemical synthesis segment is expected to dominate the market with a 23.04% market share   

Major Players

Data Bridge Market Research analyzes GODAVARI BIOREFINERIES LTD. (India), JUBILANT (India), Celanese Corporation (U.S.), Sumitomo Chemical Co., Ltd. (Japan), Eastman Chemical Company (U.S.) as the major market players of the India acetaldehyde market.

Market Developments

• In February 2023, Celanese corporation announced the availability of more sustainable versions of multiple acetyl chain materials with mass balance bio-content. This expansion of the product portfolio provides an opportunity to meet sustainability goals by reducing waste and materials usage.
• In April 2020, Sumitomo Chemical Co., Ltd., acquired four South American subsidiaries in Brazil, Argentina, Chile, and Colombia, owned by group companies of Nufarm (“Nufarm”), a leading Australian agricultural chemical company, through Sumitomo Chemical’s wholly-owned subsidiaries in the region. This acquisition will increase the goodwill of the company.
• In September 2019, ALPHA CHEMIKA participated in India’s Only International Exhibition & Conference for Educational Resources & Solutions from 24th to 26th September, at Bangalore International Exhibition Centre, Bengaluru.

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