Crotonaldehyde Market Analysis
Crotonaldehyde Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Crotonaldehyde appears as a clear, colorless to pale yellow liquid with a strong and suffocating odor. It is also known as 2-Butenal and 3-Methylacrolein. At room temperature it is extremely flammable and produces toxic vapors. Crotonaldehyde can be found naturally in emissions of specific vegetation and volcanoes and also many in foods in small amounts. Commercially crotonaldehyde is produced by aldol condensation from acetaldehyde. It has poor solubility in water. But it is easily soluble in organic solvents including alcohols and ether. Crotonaldehyde is mostly used in the manufacture of crotonic acid and sorbic acid by oxidation.
Crotonaldehyde is an excellent solvent for numerous mineral and vegetable oils, waxes, fats, natural and synthetic resins and for elementary sulphur. It is also used to detect gas leaks in pipes. Owing to solid bond within C-4 chain and bi-functional group of aldehyde, crotonaldehyde is effectually used as a starting product in many organic reactions and synthesis.
Crotonaldehyde Market Taxonomy
On the basis of end-use industry, the global crotonaldehyde market is classified into:
Crotonaldehyde is majorly used as a precursor to fine chemicals. Crotonaldehyde is also used in the production of quinaldines, thiophenes, pharmaceuticals, pyridines, dyes and pesticides. Crotonaldehyde has application in the production of crotonic acid and is used as a flow-promoting agent and comonomer for alkyd resins. Crotonaldehyde is used as a warming agent in fuel gases and in organic synthesis as a solvent. In the agricultural industry, it is used for crop protection and when reacted with urea forms crotonylidene ureas— a slow-release fertilizer.
Crotonaldehyde Market Outlook – Rising Demand in Chemicals and allied Industries to be the Major Market Driver
Asia Pacific and North America are expected to be the most potential markets for crotonaldehyde manufacturers. According to IBEF, the Indian leather industry holds a major share of around 12.93 per cent of the total world’s leather production of hides/skins. During April 2016-January 2017 leather and leather goods worth US$ 4.72 billion were exported from India. The estimated size of Indian chemicals sector stands at approximately US$ 139 billion. India is the seventh largest producer of chemicals in the world worldwide and third largest producer in Asia. In 2015-2016 the total production of the major chemicals including petrochemicals was 23.9 million tons. The Indian chemicals industry has attracted various foreign investors such as Akzo Nobel, BASF, ADEKA, Mitsubishi Chemicals Corporation, Syngenta, DuPont, Henkel, Croda, Wacker Metroark, DyStar, and Rhodla. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.
Wide array of applications in the chemicals and pharmaceutical industry is fueling the growth of crotonaldehyde market, especially in Asia Pacific and Middle East regions.
Product innovation and expansion in various geographies is a key strategy adopted by the major players in the crotonaldehyde market. In June 2017, announced a Clenases Corporation announced a joint venture (JV) between Celanese’s Cellulose Derivatives and Blackstone’s Rhodia Acetow businesses. This was intended for the creation of a global acetate tow supplier coupled with improved service to customers and more opportunities for productivity and innovation. Celanese and Blackstone will own 70% and 30% of the Joint venture, respectively. Some of the major companies operating in the global crotonaldehyde market include Finetech Industry Limited, Alfa Aesar, Sigma-Aldrich, GODAVARI BIOREFINERIES LTD., Tokyo Chemical Industry, Nantong Acetic Acid Chemical Co., Ltd., Ambinter, abcr GmbH, Celanese Corporation, Chemhere, Amadis Chemicals, MolCore, Haihang Industry Co., Ltd. and Vitas-M Laboratory.