Global Crotonaldehyde Market – Industry Trends and Forecast to 2029

Global Crotonaldehyde Market, By Application (Warning Agent, Alcohol Denaturant, Surfactant, Insecticide, Rubber Accelerator and Chemical Intermediate), End Use (Textile, Paper, Fuels, Agrochemicals, Leather Tanning, Chemical Industry) – Industry Trends and Forecast to 2029

Market Analysis and Size

Increase in the consumption of packaged food products, the demand for food additives such as preservatives and antibacterial agents has recently increased significantly. On a larger scale, the world's food industry is working with various methods to meet the rising demand for food brought on by population expansion. Crotonaldehyde is becoming more popular in the rubber processing and leather tanning industries, which are predicted to drive a sizeable percentage of market revenue.

Global crotonaldehyde market was valued at USD 520.50 million in 2021 and is expected to reach USD 717.84 million by 2029, registering a CAGR of 4.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Market Definition

Crotonaldehyde is a liquid that is clear, colourless to pale yellow and has an overpowering stench. Other names for it include 3-Methylacrolein and 2-Butenal. It is very combustible and emits poisonous gases when left at room temperature. Crotonaldehyde can be found naturally in small levels in various foods as well as in the emissions of certain flora and volcanoes.

Crotonaldehyde Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Demand Across End Users

The need for food additives including preservatives and antibacterial agents has significantly increased recently due to a rise in the consumption of packaged food products. On a larger scale, the world's food business is under intense pressure to meet the rising food demand brought on by the population boom and is using a variety of methods to accomplish. As they are easy to get, need little preparation, and have a long shelf life, preserved foods are in high demand because of expanding global food business. Sorbic acid, a crotonaldehyde derivative, is one of the main preservatives used in the food business. Due to their ideal antimicrobial activity, ease of solubility, and superior ability to inhibit the growth of molds, yeasts, and bacteria in comparison to other preservatives, sorbic acid salts are in higher demand than ever before. The U.S. Food and Drug Administration has also deemed them safe for use.

The growing per capita disposable income and an increase in the end usage of chemical intermediates are helping the chemical industry recover more quickly from the pandemic catastrophe that hit the entire world will further propel the growth rate of crotonaldehyde market. Additionally, the growth and expansion of industries are also projected to bolster the growth of the market.

Opportunities

• Significant Investments And Product Innovation And Expansion

Furthermore, the significant investments for enhancement of the chemical industries, extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the key strategy adopted by the major players such as product innovation and expansion will further expand the future growth of the crotonaldehyde market.

Restraints/Challenges

• Drawbacks of Crotonaldehyde

On the other hand, excessive exposure to crotonaldehyde poses a number of health risks. During the projected period, this could limit the worldwide crotonaldehyde market.

• Supply Chain Disruptions

With the rising number of restrictions around the globe due to pandemic, there has been a hit in the demand and supply due to the disruption in supply chain. Therefore, this factor will challenge the crotonaldehyde market growth rate.

This crotonaldehyde market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the crotonaldehyde market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Crotonaldehyde Market

The recent outbreak of coronavirus had a negative impact on the crotonaldehyde market. The COVID-19 epidemic has effectively shut down the entire chemical industry, and the crotonaldehyde market is no exception. Several countries declared lockdowns in the beginning of 2022, forcing producers of non-essential commodities to close their factories and operations. Because of this, there was a sharp decrease in the demand for crotonaldehyde in the manufacture of rubber, leather tanning, paints and coatings, and other applications. However, the most lucrative region of East Asia is gradually returning to normal, which somewhat lessens the long-term economic impact.

Recent Development

• In April 2022, the entire re-dispersible polymer powders business of Nouryon in Europe and Asia has been acquired by Celanese Corporation, according to a press release. The year before, Celanese Corporation increased the amount of methanol produced at its plant in Pasadena, Texas, in the United States, to 1.7 million tonnes annually.

Global Crotonaldehyde Market Scope

The crotonaldehyde market is segmented on the basis of application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Warning Agent
• Alcohol Denaturant
• Surfactant
• Insecticide
• Rubber Accelerator
• Chemical Intermediate

 End Use

• Textile
• Paper
• Fuels
• Agrochemicals
• Leather Tanning
• Chemical Industry

Crotonaldehyde Market Regional Analysis/Insights

The crotonaldehyde market is analyzed and market size insights and trends are provided by country, application and end use as referenced above.

The countries covered in the crotonaldehyde market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the investments in crotonaldehyde to cater various applications within the region.

North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the presence of several key market participants in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Crotonaldehyde Market Share Analysis

The crotonaldehyde market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to crotonaldehyde market.

Some of the major players operating in the crotonaldehyde market are

• Procter & Gamble (U.S.)
• Solvay (Belgium)
• Unilever (England)
• Estelle Chemicals Pvt. Ltd.  (India)
• Dow (U.S.)
• Lonza (Switzerland)
• MOHINI ORGANICS PVT. LTD. (India)
• Sakamoto Yakuhin Kogyo Co., Ltd., (Japan)
• Godrej Industries Limited (India)
• THE HERSHEY COMPANY (U.S.)
• Stepan Company (U.S.)
• Cargill, Incorporated (U.S.)
• The Good Scents Company (U.S.)
• Sakamoto Yakuhin Kogyo Co., Ltd. (Japan)
• Spiga Nord S.p.A. (Italy)
• Parchem fine & Specialty Chemicals (U.S.)
• BASF SE (Germany)