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Crotonaldehyde Market Share

Report ID: GMI6159
Published Date: Jul 2023
Report Format: PDF

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Crotonaldehyde Market Share

Some of the major players operating in the crotonaldehyde market are:

Shandong Kunda Biotechnology Co
Transpek-Silox Industry Pvt. Ltd
Nantong Acetic Acid Chemica
Tokyo Chemical Industry
Merck KGaA
Celanese Corporation,
BASF SE.

These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. They are also heavily investing in research to introduce innovative products and garner maximum revenue in the market.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of crotonaldehyde was valued at over USD 412 million in 2022 and is poised to reach USD 612 million by 2032, owing to the growing usage of sorbic acid in food products with a longer shelf life.

The chemical intermediates segment held around 40% of the market share in 2022 as crotonaldehyde is a key raw material used in the production of butyl acrylate, crotonic acid, sorbic acid and other chemical intermediates.

U.S. crotonaldehyde market size crossed USD 224 million in 2022 and is estimated to expand at a significant pace from 2023 to 2032, backed by the presence of a robust chemical manufacturing industry and the growing demand for chemical intermediates, such as coatings, adhesives, textiles, plastics, and pharmaceuticals.

Shandong Kunda Biotechnology Co., Transpek-Silox Industry Pvt. Ltd., Nantong Acetic Acid Chemical, Tokyo Chemical Industry, Merck KGaA, Celanese Corporation, and BASF SE