NEW YORK, November 21, 2016 /PRNewswire/ -- Robust expansion of chemical manufacturing industries, coupled with rising application for acetaldehyde and its derivatives in various downstream industries to boost growth in India acetaldehyde marketover the next decade According to the recently published TechSci Research report "India Acetaldehyde MarketStudy, 2011 - 2025", the acetaldehyde market in India is projected to exhibit a CAGR of 2.53% during 2016 - 2025, owing to rising application in chemical manufacturing industries. Moreover, growing application of acetaldehyde in variousmanufacturing industries such as chemicals, perfumes, dyes, drugs, rubber, paper, food processing etc.,is further boosting demands for acetaldehyde in India. Rapid growth of chemicals manufacturing industries coupled with rising application of the acetaldehyde and its intermediates in dyes, paints, drugs, rubber and tannin solvents manufacturing industries are expected to drive India acetaldehyde market in the coming years. (Logo: http://photos.prnewswire.com/prnh/20140117/663730 ) Acetaldehyde is majorly used as key substrate to produce various industrial chemicals such as pyridine and pyridine bases, pentaerythritol, acetate esters, acetic acid, ethyl acetate, n-butyl alcohol etc. It also acts as preservatives & flavouring agent in food processing and drugs manufacturing industries. Moreover, acetaldehyde is one of the most widely used organic solvent in paper, rubber and tanning industries. Rapid growing chemical industries is further propeling consumption of acetaldehyde and it's derivatives in various manufacturing industries. In 2015, India chemical market stood at USD144 billion and is the third largest producer of chemicals in Asia.Acetaldehyde is one of the prime ingredient used in dyes intermediates and India accounted for a market share of 16% in global of dyes market. Moreover,the market is expected to continue to grow further in the coming years, which is anticipated to boost consumption of acetaldehyde in dyes manufacturing industries during the forecast period.