Increase in population and growing demand for organic food across the world is driving the global crotonaldehyde market.
COVID-19 Impact & Market Status
When analyzing these unprecedented demand patterns, companies that are actively expanding their capacity to meet short-term COVID-induced demand should be careful. Post-pandemic changes in social, economic, trade and political conditions associated with expected environmental regulatory reforms will shape the future of the crotonaldehyde market industry from 2021 to 2025. The crotonaldehyde market has reported different results in different applications and regions during COVID 19. This study identifies the impact of each segment of the pandemic and provides various case scenarios that delineate the growth outlook for the crotonaldehyde market through 2028.
The global Crotonaldehyde market size is expected to reach close to US$ 525.4 Mn by 2029 with an annualized growth rate of 4.2% through the projected period.
The report includes a detailed profile of the top companies servicing the crotonaldehyde market value chain and their short, medium and long term strategies. The Crotonaldehyde Market 2022 Research Report provides an important analysis of the market situation of crotonaldehyde manufacturers, along with the best facts and numbers, meanings, definitions, SWOT analysis, expert opinion, and the latest. The report also calculates market size, crotonaldehyde sales, price, revenue, total margin and market share, cost structure and growth rate.
Type I Crotonaldehyde Segment Gathered Highest Market Share In 2021
The global Crotonaldehyde market is classified into type I, type II on the basis of type. Among these, the Type I Crotonaldehyde segment gathered highest market share in 2021 and is anticipated to grow at a faster pace in forecast period 202-2029. The key factors such as water solubility, non-toxicity, organic, increasing packaged food demand leading to rising demand for food preservatives is boosting the segment growth in the market.
Chemicals Segment Is Poised For Rapid Market Development
The global Crotonaldehyde market is classified into fine chemicals, food, pharmaceuticals, pesticides, others on the basis of application. Among these, the chemicals segment is poised for rapid market development.
Agriculture Segment Recorded Highest Revenue Sales
The global Crotonaldehyde market is classified into pharmaceuticals, rubber, chemicals, leather, agriculture on the basis of End-User. Among these, the agriculture segment recorded highest revenue sales of Crotonaldehyde for different purposes like manufacturing alcohol, surfactants, textiles, paper, fuels, insecticides, leather tanning, etc.
The rising need of packaged food to meet the demand of increasing population and rise in demand for preservatives to store the food for longer periods is promoting the development of global Crotonaldehyde market.
Owing to benefits such as non-toxicity and eco-friendliness the Crotonaldehyde is experiencing rapid adoption and usage various manufacturing industries thus fostering progress in global Crotonaldehyde market.
Crotonaldehyde is used as a warning agent fuels, alcohol denaturant, leather tanning, stabilizer for tetraethyl-lead, and as a synthesizer in other chemicals.
The factors such as constant innovation in research and methodologies, advantageous physical properties of Crotonaldehyde, next-gen automation tools integrated to reduce the impact of Crotonaldehyde, rising population, rising demand for packaged food, growing awareness for consuming organic food is propelling the global Crotonaldehyde market.
These factors influence thumping growth of Crotonaldehyde in the global market. At 3.9% CAGR, the global crotonaldehyde market is expected to grow close to $ 319.4 million by 2029.
Crotonaldehyde looks like a clear, colorless to pale yellow liquid with a strong stuffy odor. It is also known as 2-butenal and 3-methylacrolein. It is highly flammable at room temperature and emits toxic gases.
Crotonaldehyde occurs naturally in emissions from certain plants and volcanoes and is found in small amounts in many foods. Commercially, crotonaldehyde is produced from acetaldehyde by aldol condensation. Low solubility in water. However, it dissolves easily in organic solvents including alcohols and ethers. Crotonaldehyde is mainly used to produce crotonic acid and sorbic acid by oxidation.
Crotonaldehyde is an important raw material for the production of sorbic acid. Increasing demand for sorbic acid is expected to drive growth in the global crotonaldehyde market during the forecast period.
Crotonaldehyde can produce toxic effects following ingestion, inhalation, and adsorption through the eyes or skin and can cause other health problems. Many countries have identified Crotonaldehyde having carcinogenic potential and have banned its usage. Thus these are some key factors hampering the global Crotonaldehyde market. Also, it is highly flammable liquid and vapour and is very toxic to aquatic life limiting its use due effects and stringent government regulations. This is also hampering the global Crotonaldehyde market.
Furthermore, constant innovation in research and methodologies, advantageous physical properties of Crotonaldehyde, next-gen automation tools integrated to reduce the impact of Crotonaldehyde, rising population, rising demand for packaged food, growing awareness for consuming organic food are some key factors anticipated to be growth opportunity to the global Crotonaldehyde market.
The major players in global crotonaldehyde market are Celanese, Jinyimeng Group, Jilin Songtai Chemical, China Overseas Pioneer Chemicals, and Shandong Kunda among others. Investing in innovation, identifying new applications, and developing meaningful business models to generate sustainable growth are strategies implemented by companies for success in the future market for crotonaldehyde.
Crotonaldehyde Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||$ 319.4 million|
|Growth Rate||CAGR of 3.9 % during 2021-2028|
|Segment Covered||Type, Application, End-user, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Celanese, Jinyimeng Group, Jilin Songtai Chemical, China Overseas Pioneer Chemicals, and Shandong Kunda among others.|
Key Segments of the Crotonaldehyde Market
Type Overview, 2022-2029 (USD Billion)
- Type I
- Type II
Application Overview, 2022-2029 (USD Billion)
- Production of crotonic acid
- Production of thiophenes
- Dyes and pesticides
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa