Global Acetaldehyde Market intelligence with competitive landscape and Key Revenue Pockets till 2022
Celanese (US) and Merck KGaA (Germany) are the Key Players in
the Acetaldehyde Market
The Acetaldehyde
Market
Browse 64 Tables and 33 Figures spread through 114 Pages and in-depth TOC on "Acetaldehyde
Market"
The
global demand for acetaldehyde is reducing, primarily due to the lower
consumption of acetaldehyde for the manufacture of acetic acid. The acetic acid
manufacturing industry continues to move towards the methanol carbonylation
process which is more efficient compared to production using acetaldehyde. The
phasing out of acetic acid production with the use of acetaldehyde is
restraining the growth of acetaldehyde market.
Expansions was the primary growth strategy and acquisitions
and agreements were key growth strategies adopted by leading industry players
between 2013 and 2017 to strengthen their footholds in the acetaldehyde market.
The acquisitions strategy has been adopted by companies operating in this
market to enhance their product portfolios.
Expansions was the most adopted strategy by companies in the
Asia Pacific and European regions. Key players, such as Celanese (US), Eastman
(US), Merck KGaA (Germany), Sumitomo (Japan), Sekab (Sweden), Showa Denko
(Japan), Jubilant Life Sciences (India), Lonza (Switzerland), LCY Chemical
(Taiwan), and Ashok Alco-chem (India) focus on expanding their customer base in
various regions worldwide. These companies have adopted organic and inorganic
growth strategies, such as expansions, mergers & acquisitions, and
agreements, to enhance their market positions.
Celanese is a leading technology and specialty materials
company and key global manufacturer of acetaldehyde products. Acetaldehyde is
manufactured under the acetyl intermediates business segment and is used for
the manufacture of chemicals, rubber, food & beverage, pharmaceuticals, and
other applications. The company focuses on maintaining its leading position by
providing new products with enhanced performance using advanced technologies.
Celanese announced capacity expansion for the production of acetic acid and
Vinyl Acetate Monomer (VAM) in North America. As acetaldehyde is used for the
production of acetic acid, this expansion is expected to contribute
significantly to the growth of the acetaldehyde market in North America.
Merck KGaA offers acetaldehyde through its life science
business segment. Merck is a leading supplier of acetaldehyde to the global
life sciences industry and operates through a network of nearly 200 companies
in more than 65 countries, globally. It provides solutions and services for research,
development, and production of biotechnology and pharmaceutical drug therapies.
Merck acquired Sigma-Aldrich for USD 17 billion in November 2015. This
acquisition brought together the products and services and innovative
capabilities of Merck Millipore and Sigma-Aldrich and helped Merck to emerge as
a global leader in the life sciences industry.
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