Crotonaldehyde Market – Global Industry Analysis and Growth Opportunities and Forecast (2022-2029)

Crotonaldehyde Market is expected to reach US $ 355.49 million by 2029, thanks to growth in the chemical intermediate segment. The report analyzes Global Crotonaldehyde market dynamics by region, application, and end-use.
Crotonaldehyde Market Overview:
Crotonaldehyde market was valued at US $ 252.67 Mn. in 2021, and it is expected to reach US $ 355.49 Mn. by 2029 with a CAGR of 4.36% during the forecast period.

The chemical compound crotonaldehyde has the formula CH3CH=CHCHO. The E-isomer and Z-isomer differ in the relative positions of the methyl and formyl groups, and the chemical is normally sold as a combination of the two. The E-isomer is the more frequent isomer.

This lachrymatory liquid is miscible in organic solvents and somewhat soluble in water. Crotonaldehyde is a versatile intermediate in chemical synthesis since it is an unsaturated aldehyde. It can be found in a range of foods, including soybean oils.To know about the Research Methodology :- Request Free Sample Report
Crotonaldehyde Market Dynamics:
Chemical Production Applications are Increasing:
Crotonaldehyde creates an azeotrope constituted of 25% water when combined with water at normal atmospheric pressure based on the chemical characteristics. Crotonaldehyde can engage in a variety of reactions thanks to its aldehyde function and a conjugated double bond inside the aldehyde, making it an important starting product in chemical synthesis.

Crotonaldehyde dissolves a wide range of vegetable and mineral oils, fats, waxes, natural and manmade resins, and elementary sulphur. Because of the aforementioned characteristics, it is an excellent component for use in the synthesis of a variety of chemical additives. Crotonaldehyde generates a peroxide and then crotonic acid when it comes into contact with oxygen, while it polymerizes in the presence of mineral acids.

Crotonaldehyde has become an attractive component for many reactions and chemical processes in the chemical industry thanks to its dual reactivity. It may be polymerized, and dehydration with a variety of compounds makes it easier to use in the plastic and paper sectors, where it is made to copolymerize with PVC and engage in the manufacturing of plasticizers.
Production of Chemical Additives:
Crotonaldehyde's major application is expected to remain as a fine chemical precursor during the time frame. Crotonaldehyde is a necessary component in the manufacture of sorbic acid, a natural organic molecule consumed in the food and beverage industry as a food preservative. Because of consumers' hectic lifestyles around the globe, packaged food demand has seen a significant increase in recent years.

The need for boric acid is likely to rise in the future as more consumers want packaged foods with long shelf lives, which is expected to drive the demand for crotonaldehyde.

Crotonaldehyde is also used to make trimethylhydroquinone, which is a precursor to Vitamin E, and crotonic acid, which is a commoner. In addition, crotonaldehyde is used as a flow promoter for alkyd resins. Chemical components such as crotyl alcohol, nu-butanal, and n-butanol, which are generated from the reduction of crotonaldehyde and are then employed as solvents in varnish manufacture, chemical synthesis, and as a fuel, are similar.
Health Hazards of Crotonaldehyde:
Crotonaldehyde is an extremely dangerous chemical that, when inhaled in large amounts, can cause serious health problems in people. During the forecast period, the component's health hazard is likely to offer an obstacle to adoption to some level.

Inhaling crotonaldehyde has been linked to skin irritations and chemical burns, according to several investigations. Long-term exposure to crotonaldehyde can cause a build-up of fluid in the lungs and, in severe circumstances, death. This is likely to hamper adoption in the end-use industry, as it poses a danger to the health and safety of the workers engaged.

Direct contact with crotonaldehyde can produce moderate to severe irritations and allergies on the face, throat, and stomach, though the severity varies from person to person. These physical dangers can be reduced if those who deal closely with the chemical take the necessary precautions to avoid these side effects.

Deep inhalation of the chemical, on the other hand, will cause long-term respiratory diseases. This has become a source of concern for both consumers and manufacturers, who are looking for safer alternatives.
Global Crotonaldehyde Market Segment Analysis:
Based on Application, the crotonaldehyde market is segmented as, chemical intermediate, food additives, dietary supplement, pharmaceuticals, washing agent, alcohol denaturant, surfactant, insecticide, and rubber accelerator. In 2021, the chemical intermediate segment was dominant and held almost xx% of the overall market share in terms of revenue. The chemical composition's usage is influenced by its composition and the uniformity it provides when combined with other materials and chemicals. Detailed information about each segment is covered in the MMR’s report.

Based on End-Use, the crotonaldehyde market is segmented as follows, textile, paper, fuel, agrochemicals, leather tannings, chemical industry, rubber processing, food industry, and others. In 2021, the chemical industry segment was dominant and held almost xx% of the overall market in terms of revenue. This is mainly owing to the chemical's potential to engage in the polymerization process and other chemical operations, making it suitable for use in the aforementioned industries. Detailed information about each segment is covered in the MMR’s report.
Global Crotonaldehyde Market Regional Insights:
In 2021, the Asia Pacific region was dominant and held xx% of the overall market share in terms of revenue. The region's profitability is largely thanks to the abundant supply of raw materials, as well as the existence of thriving chemical industries in growing economies such as China and Indonesia.

During the forecast period, the region's value is anticipated to rise at a CAGR of xx%, with China accounting for the lion's share in terms of both value and volume. Also, China is experiencing the fastest growth in terms of petroleum goods, with demand rising year after year.

During the analysis period, North America, led by the United States, is expected to have the second-largest share of global market value. Crotonaldehyde's use is encouraged by its use in the synthesis of sorbic acid, which is used in the region's packaged foodservice sector.

Packaged food products are quite popular in the United States, owing to long, hectic work hours that leave little time to cook, causing the working-class consumer demographic to seek packaged foods. Because sorbic acid is commonly used as a food preservative in packaged foods, rising demand for packaged foods raises crotonaldehyde consumption.

Detailed information about each region is covered in the MMR’s report.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Global Crotonaldehyde Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 252.67 Mn


Forecast Period 2022 to 2029 CAGR:
4.36%
Market Size in 2029:
US $ 355.49 Mn


 Segments Covered:
by Application
• Chemical Intermediate
• Food Additives
• Dietary Supplement
• Pharmaceuticals
• Washing Agent
• Alcohol Denaturant
• Surfactant
• Insecticide
• Rubber Accelerator


by End-Use
• Textile
• Paper
• Fuel
• Agrochemicals
• Leather Tannings
• Chemical Industry
• Rubber Processing
• Food Industry
• Others



Crotonaldehyde Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Global Crotonaldehyde Market Key Players
• Celanese Corporation
• Haihang Industry
• Alfa Aesar
• Nantong Acetic Acid Chemical Co.
• Godavari Biorefineries
• Fintech Industry
• Tokyo Chemical Industry
• Ambinter
• Chemhere
• Amadis Chemicals
• MolCore
• Vitas-M Laboratory
• Central Drug House
• China Overseas Pioneer Chemicals
• Shandong Kunda Biotechnology
• Others
Frequently Asked Questions:
1. What is the forecast period considered for the Crotonaldehyde market report?
Ans. The forecast period for the global crotonaldehyde market is 2022-2029.

2. Which key factors are hindering the growth of the Crotonaldehyde market?
Ans. The health hazards related to the production and consumption of crotonaldehyde is the key factor expected to hinder the market growth during the forecast period.

3. What is the compound annual growth rate (CAGR) of the Crotonaldehyde market for the next 8 years?
Ans. The global Crotonaldehyde market is expected to grow at a CAGR of 4,36% during the forecast period (2022-2029).

4. What are the key factors driving the growth of the Crotonaldehyde market?
Ans. The surging production of chemicals and consumption of crotonaldehyde in the chemical additives production are the key factors expected to drive the growth of the market during the forecast period.

5. Which are the worldwide major key players covered for the Crotonaldehyde market report?
Ans. Celanese Corporation, Haihang Industry, Alfa Aesar, Nantong Acetic Acid Chemical Co., Godavari Biorefineries, Fintech Industry, Tokyo Chemical Industry, Ambinter, Chemhere, Amadis Chemicals, MolCore, Vitas-M Laboratory, Central Drug House, China Overseas Pioneer Chemicals, Shandong Kunda Biotechnology, and Others.