India Acetaldehyde Market to Grow at CAGR 2.53% till 2025
Robust
expansion of chemical manufacturing industries, coupled with rising application
for acetaldehyde and its derivatives in various downstream industries to boost
growth in India acetaldehyde market over the next decade
According to the recently published TechSci
Research report “India Acetaldehyde Market Study, 2011
- 2025”, the acetaldehyde
market in India is projected to exhibit a CAGR of 2.53% during 2016 – 2025,
owing to rising application in chemical manufacturing industries. Moreover,
growing application of acetaldehyde in various manufacturing industries such as
chemicals, perfumes, dyes, drugs, rubber, paper, food processing etc., is
further boosting demands for acetaldehyde in India. Rapid growth of chemicals
manufacturing industries coupled with rising application of the acetaldehyde
and its intermediates in dyes, paints, drugs, rubber and tannin solvents
manufacturing industries are expected to drive India acetaldehyde market in the
coming years.
Acetaldehyde is majorly used as key substrate
to produce various industrial chemicals such as pyridine and pyridine bases,
pentaerythritol, acetate esters, acetic acid, ethyl acetate, n-butyl alcohol
etc. It also acts as preservatives & flavouring agent in food processing
and drugs manufacturing industries. Moreover, acetaldehyde is one of the most
widely used organic solvent in paper, rubber and tanning industries. Rapid growing
chemical industries is further propeling consumption of acetaldehyde and it’s derivatives
in various manufacturing industries. In 2015, India chemical market stood at
USD144 billion and is the third largest producer of chemicals in Asia.Acetaldehyde
is one of the prime ingredient used in dyes intermediates and India accounted
for a market share of 16% in global of dyes market. Moreover,the market is
expected to continue to grow further in the coming years, which is anticipated
to boost consumption of acetaldehyde in dyes manufacturing industries during
the forecast period.
“Pyridine and pyridine bases chemical
manufacturing industry is the leading consumer of acetaldehyde in India.
Moreover,organic aromatics, speciality chemicals, rubber solvent industries are
some other end use industries, which widely use acetaldehyde as a key substrate
for their manufacturing purposes. Increasing industrialisation and rapidly
growing manufacturing industries are further expected to drive India
acetaldehyde market through 2025.” said Mr. Karan Chechi, Research Director,
with TechSci Research, a research based global management consulting firm.
“India Acetaldehyde
Market Study, 2011 - 2025”, has
analyzed the potential of the acetaldehyde market in India and provides
statistics and information on market sizes, shares and trends. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and analyses
the emerging trends along with essential drivers and key challenges faced by
India acetaldehyde market.
About TechSci Research
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