South Korea Acetaldehyde Market Size, Share, and COVID-19 Impact Analysis, By Process (Oxidation of Ethylene, Oxidation of Ethanol, and Dehydrogenation of Ethanol), By Application (Food & Beverage and Chemicals), and South Korea Acetaldehyde Market Insights, Industry Trend, Forecasts to 2035

South Korea Acetaldehyde Market Insights Forecasts to 2035

• The South Korea Acetaldehyde Market Size Was Estimated at USD 110 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.65% from 2025 to 2035
• The South Korea Acetaldehyde Market Size is Expected to Reach USD 163.1 Million by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Acetaldehyde Market is anticipated to reach USD 163.1 Million by 2035, growing at a CAGR of 3.65% from 2025 to 2035. A common intermediary in the manufacturing of food additives, preservatives, and flavouring compounds is acetaldehyde. The need for acetaldehyde in the food and beverage industry has been driven by the rising consumption of packaged and processed foods worldwide.

Market Overview

The South Korea acetaldehyde market is the production, distribution, and consumption of acetaldehyde (CH3CHO), a flammable and volatile organic compound and a common chemical intermediate. The South Korean acetaldehyde market is part of numerous industries like chemicals, pharmaceuticals, food & beverages, and electronics. Acetaldehyde is an intermediate used in the production of products such as flavouring agents, resins, and specialty chemicals. The market is driven by the increasing demand for high-performance plastics, new technologies for production, and increasing growth in end-use industries such as automotive and packaging. Moreover, the trend towards green chemistry and sustainable production technology is affecting market dynamics. The market is emerging due to the diversification of acetaldehyde applications such as pharmaceuticals, electronics, and renewable energy technologies. The initiatives of the government, like the Emissions Trading Scheme (KETS), focus on lowering greenhouse gas emissions and encouraging cleaner production processes. These regulatory efforts drive industries to switch to more eco-friendly technologies and drive competitiveness.

Report Coverage

This research report categorizes the market for the South Korea acetaldehyde market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea acetaldehyde market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea acetaldehyde market.

Driving Factors

The acetaldehyde market in South Korea is expanding rapidly due to a number of important factors. The demand for acetaldehyde is driven by its extensive use in a variety of industries, such as chemicals, food and beverage, and medicines. In the food sector, it serves as a flavouring agent and preservative, enhancing the taste and shelf life of products. In pharmaceuticals, acetaldehyde is a precursor for synthesizing active pharmaceutical ingredients, contributing to the expansion of the healthcare industry.

Restraining Factors

The shift towards methanol-based processes for acetic acid production further reduces acetaldehyde demand, posing a challenge to market expansion. Moreover, fluctuations in raw material prices and intense competition among producers add to the market's volatility, affecting profitability and operational efficiency.

Market Segmentation

The South Korea acetaldehyde market share is classified into process and application.

• The oxidation of the ethylene segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea acetaldehyde market is segmented by process into oxidation of ethylene, oxidation of ethanol, and dehydrogenation of ethanol. Among these, the oxidation of the ethylene segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is due to its high efficiency and affordability, ethylene oxidation is one of the most used methods for producing acetaldehyde.

• The food & beverages segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea acetaldehyde market is segmented by application into food & beverage and chemicals. Among these, the food & beverages segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. In the food and beverage sector, acetaldehyde is widely used as a crucial component in the creation of preservatives and flavourings. It is essential for improving the flavour and scent of a variety of foods and drinks, such as fruit juices, dairy products, and candies.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea acetaldehyde market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• KCC Corporation
• Namhae Chemical Corporation
• Hyosung Chemical Corporation
• Lotte Chemical Corporation
• LG Chem Ltd.
• Yuhan Corporation
• Hanwha Chemical Corporation
• SK Innovation
• Hyundai Chemical Co., Ltd.
• Daelim Industrial Co., Ltd.
• Korea Alcohol Industrial Co., Ltd.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea acetaldehyde market based on the below-mentioned segments:

South Korea Acetaldehyde Market, By Process

• Oxidation Of Ethylene
• Oxidation Of Ethanol
• Dehydrogenation Of Ethanol

South Korea Acetaldehyde Market, By Application

• Food & Beverage
• Chemicals