Crotonaldehyde Market - By Grade (Technical Grade, Chemical Grade), By Application (Chemical Intermediates, Flavors & Fragrances, Agrochemicals), By End Use (Food & Beverage, Pharmaceuticals, Agriculture), Forecast 2023 – 2032

Crotonaldehyde Market Size

Crotonaldehyde Market size was valued at around USD 412 million in 2022 and predicted to record over 4.5% CAGR from 2023 to 2032. Changing consumer tendencies, the growing demand for sorbic acid & food products with a longer shelf life in the food & beverage industry are a few factors contributing to crotonaldehyde demand. In the rubber industry, the demand for crotonaldehyde is majorly driven by factors such as rising requirement for tires, automotive components, and industrial rubber products.
 

In the pharmaceutical and chemical industries, crotonaldehyde is used as a building block for the synthesis of various intermediates and Active Pharmaceutical Ingredients (APIs). Factors including population growth, rising healthcare needs, and the increasing demand for specialty chemicals are propelling the growth of the pharmaceutical and chemical sectors, in turn, augmenting the demand for crotonaldehyde.

Volatilities can occur in the cost & availability of raw materials used to produce crotonaldehyde such as propylene and acetaldehyde. Fluctuations in raw material prices can affect the profitability of crotonaldehyde manufacturers and subsequently impact the overall market growth. The production & handling of crotonaldehyde, a hazardous chemical, involves certain environmental & safety considerations. The strict regulations & requirements related to chemical handling, emissions, and waste disposal can increase compliance costs for manufacturers and lead to challenges in the crotonaldehyde market.
 

Crotonaldehyde is also subject to substitution threats from alternative chemicals or processes that offer similar functionalities. Substitution can occur due to regulatory changes, technological advancements, or the development of alternative products that provide comparable performances at lower costs. Effective supply chain management, which includes the sourcing of raw materials, transportation, and logistics, can be challenging, thereby impacting the overall market efficiency. The risks associated with advanced crotonaldehyde instruments may drive down the acceptance rate, further hampering business growth.
 

COVID-19 Impact

During the COVID-19 pandemic, global lockdowns, travel restrictions, and the temporary closure of manufacturing facilities led to supply chain disruptions in the crotonaldehyde market. These measurements to contain the virus spread resulted in delays in raw material procurement, reduced production capacities, and challenges in meeting the customer demand. Industries that are the major consumers of crotonaldehyde, such as automotive, construction, and textile, witnessed a decline in demand during the pandemic.
 

The pandemic led to a slowdown in construction & infrastructure projects worldwide, thereby directly impacting the crotonaldehyde demand as it is used in the production of chemicals & materials, such as adhesives, sealants, and coatings, used in construction applications. A reduction in COVID-19 cases as well as the implementation of subsequent strategies by government & non-government organizations will propel the business growth.
 

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.
 

Crotonaldehyde Market Analysis

Based on product, the crotonaldehyde market is segmented into chemical grade and technical grade. The technical grade segment accounted for USD 255 million in 2022. Technical-grade crotonaldehyde is used as a building block in the production of various chemicals such as butyl acrylate, sorbic acid, and crotonic acid. It is also used in organic synthesis in the pharmaceutical, flavor, fragrance, and other specialty chemical industries. The wide industrial applications of crotonaldehyde and the demand for intermediate chemicals contribute to the higher use of technical-grade crotonaldehyde. Chemical-grade crotonaldehyde is also utilized in research & development activities as well as in industries, such as electronics and semiconductors, where stringent purity requirements are necessary.
 

Based on application, the crotonaldehyde market is segmented into chemical intermediates, flavors & fragrances, agrochemicals, and others. The chemical intermediates segment captured approximately 40% of the market share in 2022 and is estimated to grow at a lucrative pace by 2032. Crotonaldehyde is a key raw material used in the production of butyl acrylate, crotonic acid, sorbic acid. Butyl acrylate produced from crotonaldehyde finds applications in the coating, adhesive, and textile industries. Crotonic acid finds applications in the coating, plastic & pharmaceutical industries and sorbic acid is used as a food preservative in the food & beverage industry. Crotonaldehyde is also used to produce specific flavoring compounds in food & beverage applications.
 

Based on end use, the crotonaldehyde market is segmented into food & beverage, pharmaceuticals, agriculture, and others. The pharmaceuticals segment held a dominant market share in 2022 and is likely to showcase 3.8% CAGR through 2032. Crotonaldehyde is used in the synthesis of pharmaceutical APIs, thereby contributing to the production of various drugs & medications. It also serves as a precursor in the synthesis of specialty chemicals that are used in the pharmaceutical industry.
 

In the rubber industry, crotonaldehyde is utilized as a cross-linking agent in the production of rubber chemicals and synthetic rubber. It is also used in polymerization reactions to produce resins and polymers. Crotonaldehyde is used in the research & development of organic synthesis and chemical reactions. High-quality services and the growing use of crotonaldehyde are anticipated to accelerate business growth.
 

U.S. dominated the North American region with a major market value of USD 224 million in 2022 and is poised to expand at a significant pace from 2023 to 2032. North America is home to a robust chemical manufacturing industry. Crotonaldehyde serves as an essential intermediate chemical in various manufacturing processes. The growing demand for chemical intermediates, such as coatings, adhesives, textiles, plastics, and pharmaceuticals, in various industries is driving the crotonaldehyde market demand. In North America, the demand for crotonaldehyde is influenced by the growing food & beverage industry.
 

The industry relies on sorbic acid for the preservation and extension of the shelf life of food products. Thus the growing demand for sorbic acid, which is produced from crotonaldehyde, will influence market growth. The demand for effective crop protection solutions to enhance agricultural productivity in North America will further propel the demand for crotonaldehyde in the production of agrochemicals such as herbicides and insecticides.
 

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.
 

Crotonaldehyde Industry News

• In 2021, BASF SE expanded its crotonaldehyde production facilities in Ludwigshafen, Germany
   
• In April 2020, Celanese Corporation acquired Nouryon's redispersible polymer powders business units in Europe and Asia
   
• In October 2018, Celanese Corporation expanded the polyacetal production capacity of its plant in Frankfurt, Germany
   

This crotonaldehyde market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Grade

• Technical grade
• Chemical grade

Market, By Application

• Chemical intermediates
• Flavors & fragrances
• Agrochemicals
• Others

Market, By End Use

• Food & beverage
• Pharmaceuticals
• Agriculture
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE