Crotonaldehyde Market Size, Share and Growth Drivers to 2020

2024-11-08 03:26:12 News & Society

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Crotonaldehyde Market - Global Industry Expert Opinions Analysis, Emerging Opportunities, Market Size, Share, Growth Drivers, Market Trends, Statistics And Forecast 2015 - 2020

Crotonaldehyde is an unsaturated aldehyde that is a versatile intermediate in the organic synthesis. Crotonaldehyde is usually sold as a mixture of E and Z isomers which mainly differ with the respective position of the methyl and formyl groups. Crotonaldehyde is a lachrymatory liquid that is moderately soluble in water and miscible in the organic solvents. As crotonaldehyde is an unsaturated aldehyde it is a versatile intermediate in organic solvents. Crotonaldehyde is mainly available in a variety of foodstuff such as soybean oils. Crotonaldehyde finds its major application as a precursor to manufacturing fine chemicals.

The growing demand for crotonaldehyde in Asia Pacific is expected to boost the overall market. China is the largest consumer of crotonaldehyde mainly due to the presence of large number of chemical manufacturing companies in this region. In the recent past, new crotonaldehyde manufacturing units were established only in China making it also one of the major producers of the essential fine chemical precursor.

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Scope

The growing demand for packaged food has boosted the overall food preservative market. Sorbic acid is one of the most widely used food preservative. Thus, the growing demand for sorbic acid is expected to augment the overall growth of the market. Changing lifestyle coupled with over dependency on the packaged or fast food has boosted the overall market for dietary supplements which in turn has led to the increase in the demand for the chemical precursors to manufacture various vitamins used in the dietary supplements. Crotonaldehyde is one of the essential precursor for trimethylhydroquinone which is widely used to manufacture vitamin E. Thus, the growing market for dietary supplements is expected to boost the overall crotonaldehyde market.

Key Players

Some of the companies manufacturing crotonaldehyde include Godavari Biorefineries Ltd., Simagchem Corp., The Lakshmiji Organics Pvt Ltd and Jinan Boss Chemical Industry Co., Ltd. among other.

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