Posts | Comments

The South and Central American Acetaldehyde Market Is Forecast to Stay Flat in 2018-2023

Contact Us
Williams & Marshall Strategy
Hill Tower Center, 76A, James Boucher blvd., 1407
Sofia
Sofia  
Bulgaria
Phone:+359 888 82 99 12
info@wm-strategy.com

According to a recently published report about the South and Central American acetaldehyde market, it was equal to 4 thousand tons in 2013. The largest country market within the region was Colombia, which in 2013 accounted for a share of 75% of the total in volume terms. Until 2023, the South and Central American market is forecast to drop to about 3 thousand tons, thus remaining relatively flat in the period 2018-2023. This is a significant increase, compared to the decline at a CAGR of around 6.9% per year, registered in 2013-2017.

The analytical research projects that the South and Central American production of acetaldehyde is likely to stabilize at around 5 thousand tons in the medium term with no major changes. Similar dynamics of the overall installed production capacities and their annual average utilization rates in the region are also expected. In addition, the market is forecast to remain perfectly balanced in terms of supply and demand, also showing moderately flat dynamics in the medium term.

Acetaldehyde is highly dependent on the development of end-use markets such as chemicals, plastics & synthetic rubber, food & beverage, paints & coatings, pharmaceuticals & cosmetics, paper & pulp, water treatment, and others. Geographically, Asia is an important market for acetaldehyde, due to the rising demand for chemical compounds such as peracetic acid. Moreover, the global acetaldehyde market has been witnessing large demand as a precursor in the production of acetic acid and peracetic acid in the recent years. At the same time, however, another important development is rising concern about the consumption of acetaldehyde for the production of acetic acid, since acid is now predominantly made via the lower-cost methanol carbonylation process, which means the acetic acid facilities based on acetaldehyde is likely to be phased out in the medium term.

Furthermore, energetic development in nourishment and refreshment, mash and paper dying, water treatment, medicinal, and agribusiness commercial ventures over the globe, particularly in developing countries, has been driving the global acetaldehyde market in the recent years. Moreover, administrations of developed nations in North America and Europe are to a great extent concentrating on the use of effectively dispensable biocidal chemicals, for example, peracetic acid.

Leave a Reply