While the formation of a hemiacetal from an aldehyde and an alcohol (step 1 above) is a nucleophilic addition, the formation of an acetal from a hemiacetal (step 2 above) is a nucleophilic substitutio...While the formation of a hemiacetal from an aldehyde and an alcohol (step 1 above) is a nucleophilic addition, the formation of an acetal from a hemiacetal (step 2 above) is a nucleophilic substitution reaction, with the original carbonyl oxygen leaving as a water molecule.