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Crotonaldehyde Market Trends

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

Crotonaldehyde Market Trends

To improve their crotonaldehyde production processes, manufacturers are increasingly investing in research & development activities, which include the use of advanced catalysts, the development of efficient & cost-effective synthesis routes, and the optimization of process conditions to enhance the overall product yield & quality. In the agriculture industry, crotonaldehyde is used to produce agrochemicals such as herbicides and insecticides. The growing focus on crop protection, the increasing demand for agrochemicals for pest & disease control, and the rising need of enhanced crop yields are driving the crotonaldehyde demand.
 

The crotonaldehyde industry is highly consolidated with bigger players acquiring smaller manufacturers to expand their market shares, enhance their product offerings, broaden their customer reach, achieve economies of scale, and access new technologies.

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

Crotonaldehyde Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 196
  • Countries covered: 20
  • Pages: 165
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