Crotonic Acid Market Report: Trends, Forecast and Competitive Analysis to 2030

Crotonic Acid Trends and Forecast

The future of the global crotonic acid market looks promising with opportunities in the paint & coating, pharmaceutical, chemical, automobile, electronic, packaging, and textile markets. The global crotonic acid market is expected to grow with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are rising preference for sustainable and eco-friendly chemicals and growing demand for this chemical from pharmaceuticals, agriculture, and cosmetic sectors.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Crotonic Acid by Segment

The study includes a forecast for the global crotonic acid by product type, application, end use, and region.

Crotonic Acid Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Purity More Than 99.8%
• Purity Below 99.8%

Crotonic Acid Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Adhesive Resins
• Coatings
• Plasticizers
• Fungicides
• Intermediates
• Others

Crotonic Acid Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Paint & Coatings
• Pharmaceutical
• Chemical
• Automobile
• Electronics
• Packaging
• Textile
• Others

Crotonic Acid Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Crotonic Acid Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies crotonic acid companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crotonic acid companies profiled in this report include-

• Tianjin Jinhui Pharmaceutical Group
• Zhengzhou Tuozhixiang
• Sun Pharmaceutical Industries
• Chem of China
• XIAN Kono Chem
• Godavari Biorefineries
• BIO-TECH
• Otto Chemie
• WeylChem
• ALB Technology

Crotonic Acid Market Insights

Lucintel forecasts that adhesive resin is expected to witness the highest growth over the forecast period.

Within this market, paint & coating is expected to witness the highest growth over the forecast period.

North America will remain the largest region over the forecast period.

Features of the Global Crotonic Acid Market

Market Size Estimates: Crotonic acid market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Crotonic acid market size by product type, application, end use, and region in terms of value ($B).

Regional Analysis: Crotonic acid market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, end uses, and regions for the crotonic acid market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crotonic acid market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for crotonic acid market?

Answer: The global crotonic acid market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the crotonic acid market?

Answer: The major drivers for this market are rising preference for sustainable and eco-friendly chemicals and growing demand for this chemical from pharmaceuticals, agriculture, and cosmetic sectors.

Q3. What are the major segments for crotonic acid market?

Answer: The future of the crotonic acid market looks promising with opportunities in the paint & coating, pharmaceutical, chemical, automobile, electronic, packaging, and textile markets.

Q4. Who are the key crotonic acid market companies?

Answer: Some of the key crotonic acid companies are as follows:

• Tianjin Jinhui Pharmaceutical Group
• Zhengzhou Tuozhixiang
• Sun Pharmaceutical Industries
• Chem of China
• XIAN Kono Chem
• Godavari Biorefineries
• BIO-TECH
• Otto Chemie
• WeylChem
• ALB Technology

Q5. Which crotonic acid market segment will be the largest in future?

Answer: Lucintel forecasts that adhesive resin is expected to witness the highest growth over the forecast period.

Q6. In crotonic acid market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period.

Q.7 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the crotonic acid market by product type (purity more than 99.8% and purity below 99.8%), application (adhesive resins, coatings, plasticizers, fungicides, intermediates, and others), end use (paint & coatings, pharmaceutical, chemical, automobile, electronics, packaging, textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?