The Europe Acetaldehyde Market would witness market growth of 5.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 150.34 Kilo Tonnes, showcasing a growth of 4.2% (2019-2022).
Ethanal is commonly used in the production of acetic acid. Acetic acid consumption has increased significantly in the recent past because of expanding industrialization in many parts of the world. The primary industries in which acetic acid is utilized are the production of esters, plastics, metal acetate, vinyl acetate, cellulose acetate, and cellulose acetate. It is also used to produce and process compounds used in various end-use industries. For example, it is employed in crystallizing and purifying organic compounds. Additionally, it is utilized in textile and photographic film manufacturing. The market will expand shortly due to the rising demand for acetic acid for these applications.
The growth in consumer goods and e-commerce can drive the demand for rigid packaging, influencing its consumption. Packaging materials for personal care and cosmetics frequently consist of plastics produced with acetaldehyde. The expanding cosmetic and personal care industry, driven by changing consumer preferences and trends, can contribute to the growth of the market. The growth of e-commerce has unique packaging requirements, including lightweight, durable, and protective materials. Acetaldehyde-derived plastics can be tailored to meet these requirements, contributing to the packaging needs of the expanding e-commerce sector.
According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the U.K. Acetaldehyde serves as a solvent and intermediate in producing various chemicals in France. Acetaldehyde and its derivatives are used in France's automotive and coatings industry. The growth of these industries can lead to increased demand for coatings, adhesives, and materials in automotive manufacturing in France. Due to the above-mentioned factors, the market will grow significantly in this region.
The Germany market dominated the Europe Acetaldehyde Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $140.5 million by 2030. The UK market is exhibiting a CAGR of 4.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.8% during (2023 - 2030).
Based on Derivative, the market is segmented into Acetic Acid, Pyridine, Pyridine Bases, Pentaerythritol, Acetate Esters, Butylene Glycol, and Others. Based on Application, the market is segmented into Food & Beverage, Pharmaceuticals & Cosmetics, Chemicals, Paper & Pulp, Plastics & Synthetic Rubber, Paints & Coatings, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Celanese Corporation, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., Solvay SA, Lonza Group Ltd., Arkema S.A., Merck KGAA, LCY CHEMICAL CORP., Jubilant Ingrevia Limited and Ashok Alco-chem Limited.
Ethanal is commonly used in the production of acetic acid. Acetic acid consumption has increased significantly in the recent past because of expanding industrialization in many parts of the world. The primary industries in which acetic acid is utilized are the production of esters, plastics, metal acetate, vinyl acetate, cellulose acetate, and cellulose acetate. It is also used to produce and process compounds used in various end-use industries. For example, it is employed in crystallizing and purifying organic compounds. Additionally, it is utilized in textile and photographic film manufacturing. The market will expand shortly due to the rising demand for acetic acid for these applications.
The growth in consumer goods and e-commerce can drive the demand for rigid packaging, influencing its consumption. Packaging materials for personal care and cosmetics frequently consist of plastics produced with acetaldehyde. The expanding cosmetic and personal care industry, driven by changing consumer preferences and trends, can contribute to the growth of the market. The growth of e-commerce has unique packaging requirements, including lightweight, durable, and protective materials. Acetaldehyde-derived plastics can be tailored to meet these requirements, contributing to the packaging needs of the expanding e-commerce sector.
According to the UK Government, with its highly linked supply chains and substantial demand for UK-built cars throughout the region, the European region has benefited the U.K. Acetaldehyde serves as a solvent and intermediate in producing various chemicals in France. Acetaldehyde and its derivatives are used in France's automotive and coatings industry. The growth of these industries can lead to increased demand for coatings, adhesives, and materials in automotive manufacturing in France. Due to the above-mentioned factors, the market will grow significantly in this region.
The Germany market dominated the Europe Acetaldehyde Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $140.5 million by 2030. The UK market is exhibiting a CAGR of 4.2% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.8% during (2023 - 2030).
Based on Derivative, the market is segmented into Acetic Acid, Pyridine, Pyridine Bases, Pentaerythritol, Acetate Esters, Butylene Glycol, and Others. Based on Application, the market is segmented into Food & Beverage, Pharmaceuticals & Cosmetics, Chemicals, Paper & Pulp, Plastics & Synthetic Rubber, Paints & Coatings, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Celanese Corporation, Eastman Chemical Company, Sumitomo Chemical Co., Ltd., Solvay SA, Lonza Group Ltd., Arkema S.A., Merck KGAA, LCY CHEMICAL CORP., Jubilant Ingrevia Limited and Ashok Alco-chem Limited.
Scope of the Study
Market Segments Covered in the Report:
By Derivative (Volume, Kilo Tonnes, USD Billion, 2019-2030)- Acetic Acid
- Pyridine
- Pyridine Bases
- Pentaerythritol
- Acetate Esters
- Butylene Glycol
- Others
- Food & Beverage
- Pharmaceuticals & Cosmetics
- Chemicals
- Paper & Pulp
- Plastics & Synthetic Rubber
- Paints & Coatings
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Celanese Corporation
- Eastman Chemical Company
- Sumitomo Chemical Co., Ltd.
- Solvay SA
- Lonza Group Ltd.
- Arkema S.A.
- Merck KGAA
- LCY CHEMICAL CORP.
- Jubilant Ingrevia Limited
- Ashok Alco-chem Limited
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Europe Acetaldehyde Market by Derivative
Chapter 5. Europe Acetaldehyde Market by Application
Chapter 6. Europe Acetaldehyde Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Celanese Corporation
- Eastman Chemical Company
- Sumitomo Chemical Co., Ltd.
- Solvay SA
- Lonza Group Ltd.
- Arkema S.A.
- Merck KGAA
- LCY CHEMICAL CORP.
- Jubilant Ingrevia Limited
- Ashok Alco-chem Limited
Methodology
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