Acetaldehyde Price Trend

Acetaldehyde Prices March 2024

In Korea, the price of acetaldehyde for Q1 2024 reached 9850 USD/Ton 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 price of acetaldehyde at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acetaldehyde price trend 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 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 impact the acetaldehyde price trend.

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, price forecast 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 acetaldehyde price trend. 

Global Acetaldehyde Price

The report offers a holistic view of the global acetaldehyde pricing trends in the form of acetaldehyde price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of acetaldehyde but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acetaldehyde demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

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.

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 acetaldehyde historical data within the United States and Canada can also be provided.

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.

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 acetaldehyde price analysis can be expanded to include a comprehensive list of countries within the region.

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.

Report Coverage

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 trend, 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. The acetaldehyde price charts ensure our clients remain at the forefront of the industry.