Acetaldehyde Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Acetaldehyde Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23071
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Acetaldehyde Prices March 2024

Category Region Price
Acetaldehyde Petrochemicals Korea 9850 USD/Ton

In Korea, the price of acetaldehyde for Q1 2024 reached 9850 USD/MT in March, maintaining stability compared to the regional trends observed in the broader Asia Pacific area. In the first quarter of 2024, Korea experienced stable acetaldehyde prices, supported by steady domestic demand and consistent supply despite regional market fluctuations.

Acetaldehyde Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acetaldehyde Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of acetaldehyde pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acetaldehyde price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acetaldehyde Price Trend

Acetaldehyde Market Analysis

The global acetaldehyde market size reached US$ 1.7 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.5 Billion, at a projected CAGR of 4.60% during 2023-2032.

  • Acetaldehyde finds wide application in various end-use industries such as plastics, synthetic rubber, and pharmaceuticals, among others. Industries use it as a pivotal intermediate in the manufacture of an array of goods, so the consumption level is high. Thus, the increasing demand for acetaldehyde is positively influencing the market.
  • The chemical industry, especially in the developing regions, is witnessing a high-pitched increase, and hence, so is the demand for acetaldehyde. More industrial activities and investments have also been put into the production of chemical manufacturing plants. This enhances the demand for acetaldehyde as a standard chemical intermediate, thus vouching for the growth of the market and enhancing the dynamics of the supply chain.
  • Incentives in acetaldehyde production have developed more effective and inexpensive manufacturing processes. The advent of advanced catalytic processes and green production methods has lessened the overall production cost and environmental impact. Technological advances extend the reach of acetaldehyde to more and more industrial applications.
  • Acetaldehyde has wide applications in the food and beverage industry as a preservative for its antimicrobial nature. The demand for the preservation and packaging of food led to the need for proper food preservation and, hence, acetaldehyde. This is especially seen in fast developing, developing regions that are under high rates of urbanization and lifestyle changes.
  • The rising growth of the pharmaceutical sector is another reason for the acetaldehyde market to be on a higher edge, mainly used as an intermediate in synthesizing several drugs and APIs. Increased cost of healthcare and an increased number of chronic diseases also enhance pharmaceutical production. This, in turn, adds to the demand for acetaldehyde.
  • Strong economic growth in developing geographies such as China and India are leading to higher industrial activities and hence higher consumption of chemistries, among which is acetaldehyde. These economies have tremendous growth opportunities by increasing manufacturing activities and a blossoming middle class. Economic growth is elevating the total demand for Acetaldehyde.
  • High-stringency environmental regulations have forced the chemical industry to resort to more sustainable practice, among which using green chemistry production methods for Acetaldehyde. Green production ensures minimum environmental contamination and makes acetaldehyde more market friendly. These sustainable processes increase the attractiveness among green-conscious consumers and industries.
  • Acetaldehyde is an essential chemical intermediate used in the manufacture of various agrochemicals such as pesticides and herbicides. Demand for better food and higher agricultural productivity has led to the demand for better agrochemicals. The increase in demand for agrochemicals rise is directly proportional to the demand for acetaldehyde in agrochemical synthesis.
  • Innovation and expansion are best realized through effective partnerships and collaborations by leading acetaldehyde market players. Partnerships and strategic alliances ensure flexibility in terms of technology, resources, and market, which results in optimization of production and distribution. Agreements, therefore, are, by and large, significant to ensure competitive advantage and to add to market returns.
  • Price volatility of key raw materials such as Ethanol and Acetic acid has a significant bearing on the acetaldehyde market. The volatility in feedstock prices leads to fluctuations in acetaldehyde prices and subsequently affects production costs and market pricing strategy. It is the management of these price fluctuations with which manufacturers can keep their profitability and market stability high.

Acetaldehyde News

The report covers the latest developments, updates, and trends impacting the global acetaldehyde market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acetaldehyde production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the acetaldehyde industry:

  • May 22, 2024: Lummus Technology and Sumitomo Chemical announced two collaboration agreements to license and commercialize two proprietary technologies. These are proven low-density polyethylene/ethylene vinyl acetate (LDPE/EVA) production technology and highly efficient poly methyl methacrylate recycling (rPMMA).
  • May 20, 2024: Celanese Corporation, a global technology and specialty materials company, announced the opening of two new facilities: the India Technical Center in Silvassa and a new Shared Service Center in Hyderabad. This will help employee teams in India facilitate the capabilities of both local customers and global employees.
  • March 25, 2024: Eastman's second U.S. molecular recycling project was selected to enter award negotiations for up to $375 million in funding between the Department of Energy (DOE) and the Bipartisan Infrastructure Law and the Inflation Reduction Act Industrial Demonstrations Program (IDP). The announcement from the DOE fueled the fact that Eastman announced its intention to construct a second U.S. molecular recycling facility at its Longview, Texas location.

Product Description

Acetaldehyde is the most essential and significant organic chemical due to its strong, pungent, and fruity odor. It is a highly flammable colorless liquid, with a trailing dendritic structure and exothermic transition to the vapor phase. It is formed by the oxidation of ethanol and by hydration of acetylene. It acts as an important intermediate in forming a large number of chemicals. Additionally, it finds vast utility in the manufacture of acetic acid, perfumes, dyes, and drugs.

Besides industrial uses, acetaldehyde also occurs naturally, in nature. Substances that we consume daily, such as coffee, bread, and ripe fruit, among others, all contain acetaldehyde, which is also naturally found in vegetation. Concurrently, acetaldehyde is an intermediate in alcohol metabolism in the human body. Moreover, the industrial versatility of acetaldehyde is balanced with very controlled management and then channeled toward human health and safety impacts.

Regional Coverage

The report provides a detailed analysis of the acetaldehyde market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Acetaldehyde Price

The report offers a holistic view of the global acetaldehyde pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Acetaldehyde Price

Acetaldehyde prices in the European market moved with mixed patterns in the first quarter of 2024. Prices in the Spanish market dived down, pulled by average demand from the preservatives industry and poor usage because of seasonal and financial difficulties in the food and beverages segment. Prices, however, resumed an uptrend for most of the year on healthier demand from the downstream preservatives industry and imported cargoes from Germany, which have been turning costlier after many months of tight supply and high production costs, among others. The prices in the domestic market further increased because of the scarcity of the material.

This analysis can be extended to include detailed acetaldehyde price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.

North America Acetaldehyde Price

Low raw material costs and weak demand from the downstream preservative industry dragged the weak trend in prices of acetaldehyde in the US market in the first quarter of 2024. Along with that, at the macro level, there were inflationary pressures and a non-growing manufacturing sector with the Purchasing Manager Index below 50 points, further leading to weak customer demand. Simultaneously, the abundant availability of feedstock ethanol and material supply put further pressure on acetaldehyde prices in the domestic market.

Specific data on acetaldehyde prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada

Middle East and Africa Acetaldehyde Price

The report explores the acetaldehyde pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acetaldehyde prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.

Asia Pacific Acetaldehyde Price

In the first quarter of 2024, Acetaldehyde prices in India fell due to an oversupply of low-cost Chinese shipments, despite volatile Ethanol prices. Demand from the preservative sector remained steady, while eased retail inflation at 4.85% in March enhanced consumer purchasing power. The ample supply and moderate downstream demand led sellers to maintain low price levels domestically, with minimal impact from the Red Sea crisis.

This analysis can be further extended to include detailed acetaldehyde prices for a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.

Latin America Acetaldehyde Price

The analysis of acetaldehyde prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.

Report Coverage

Key Attributes Details
Product Name Acetaldehyde
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 

Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of acetaldehyde pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting acetaldehyde price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the acetaldehyde industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Acetaldehyde Pricing Report ​2024​: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
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