The global demand for Crotonic Acid Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Tons in 2021 and forecast to touch XX Kilo Tons by 2028 with a CAGR of XX% during 2022-2028.
Crotonic acid, also known as But-2-enoic acid or 2-butenoate, is an organic compound that belongs to the straight-chain fatty acids class. It is not found naturally, prepared in the laboratory. Crotonic acid can be obtained by oxidation of crotonaldehyde and Knoevenagel condensation of acetaldehyde with malonic acid in pyridine. Crotonic acid is majorly consumed as a comonomer with vinyl acetate. The obtained copolymers are used in paints and adhesives. It is also used in the copolymerization of crotonic acid hydrogel systems. The reaction yield fertilizers and drugs that help prevent environmental pollution.
Market Dynamics
Growing environmental pollution and demand for copolymer coatings is projected to spur demand for crotonic acid. The researcher's attention has now been shifted towards discovering sustainable alternative pathways and products that are anticipated to present new opportunities for the market. The growing trend of producing bio-based production of crotonic acid by pyrolysis of poly (3-hydroxybutyrate) inclusions has been witnessed due to several drawbacks from the petroleum route, including environmental hazard, low yield, and complicated steps. However, crotonic acid's toxic properties, such as eyes, skin, and respiratory system irritation, are likely to impede its application.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of crotonic acid. The growth and trends of Crotonic Acid Industry provide a holistic approach to this study.
Market Segmentation
This section of the crotonic acid market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Copolymer Coatings
- Pharmaceuticals
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Crotonic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Crotonic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the crotonic acid market include Weylchem Frankfurt GmbH, Xi'an Poly Science Co., Ltd, Zhejiang Huadee Dyestuff Chemical Co.,Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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