The Iranian Acetaldehyde Market to Reach 29 K Tons By 2023
The Iranian acetaldehyde market was equal to 28 thousand tons in 2013. The largest share of acetaldehyde consumption in the same year was for the production of acetic acid, which accounted for around 82.1% of the total in volume terms. Meanwhile, the chemical's application for miscellaneous has been growing with the highest rate of about 4.66% per year. Until 2023, the Iranian market is forecast to reach 29 thousand tons, thus remaining flat for the period 2018-2023. This is a decrease, compared to the growth at a CAGR of around 0.88% per year, registered in 2013-2017.
The Iranian production of acetaldehyde is expected to stabilize at around 29 thousand tons in the medium term. Flat dynamics of the overall installed production capacities and their annual average utilization rates in the country are also expected. In addition, the market is forecast to remain relatively balanced in terms of supply and demand, also showing mixed dynamics in the medium term.