World Acetaldehyde Market to Reach 1.26 Million Tons by 2012 ...

Tag : acetic acid
World Acetaldehyde Market to Reach 1.26 Million Tons by 2012,According to New Report by Global Industry Analysts
With acetic acid manufacturing processes migrating fromacetaldehyde based production techniques towardscarbonylation-of-methanol, the world acetaldehyde market isprojected to witness a steady deterioration in consumption. Globalconsumption of acetaldehyde is projected to average to 1.26 milliontons by the year 2012. Exacerbating the decline in demand andconsumption is the lack of new high-volume applications ofacetaldehyde, and closures of acetic-acid-from-acetaldehydeoperations across the world.
San Jose, CA ( PRWEB ) November 3, 2008 -- The downturn in the acetic acid industry, thelargest end-use market for acetaldehyde, coupled with the phasingout of acetic acid production from acetaldehyde, are expected toresult in huge declines in consumption. In North America, aceticacid manufacturers have shut down their operations, while inEurope, significant reductions in capacities are underway. Scalingback of production activities is expected in Latin America, andAsia Pacific in the upcoming years. Presently however, Asia-Pacificrepresents the largest market for acetaldehyde with growth stemmingfrom the use of acetaldehyde in producing synthetic pyridines,pentaerythritol, glyoxal/glyoxylic acid, penta-erithryte, andcrotonaldehyde. Within Asia, China has emerged into the largestconsumer of acetaldehyde in the world, with the countryrepresenting the only market where new acetaldehyde capacityinstallations have occurred in the recent past.
As stated by the recent report published by Global IndustryAnalysts, Inc., world acetaldehyde market is dominated by Asia-Pacific, and Europe, with a combined share of68.4% estimated in the year 2008. World consumption of acetaldehydein acetane hydride end-use market , and acetic ether end-use markets, is projected to decline by 2%,and 1.3% respectively during the period 2001 to 2010. Positivegrowth is expected to stem from 1,3 butanediol end-use market , with world consumption slated to rise at a CAGR of 2.7% duringthe period 2011 to 2015. In Asia-Pacific, consumption ofacetaldehyde in crotonaldehyde end-use market is projected to growat a CAGR in excess of 3.7% over the period 2011 through 2015. InEurope, Germany ranks as the largest market for acetaldehyde with a30.9% share estimated in the year 2008, followed by France, UnitedKingdom and Italy.