PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1596095
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1596095
Market Overview
The global crotonic acid market is projected to reach $901.8 million in 2024 and is expected to grow to $1,458.5 million by 2029, exhibiting a compound annual growth rate (CAGR) of 10.4% during the forecast period from 2025 to 2029. This growth is primarily driven by the increasing consumption of crotonic acid-based copolymer dispersions in adhesives, paints, and coatings, which enhance adhesion performance. The expanding construction industry in countries such as China, India, the U.S., and the U.K., fueled by rising populations and significant investments in infrastructure projects, is further propelling market expansion. Additionally, the use of crotonic acid-based copolymer coatings in the pharmaceutical and personal care industries, due to their biocompatibility, is contributing to the market's growth.
Key Insights
The crotonic acid market is segmented by application into adhesive resins, coatings, intermediates, fungicides, plasticizers, low-profile additives (LPA), and polyvinyl acetate-crotonic acid (PVAc-CA). Among these, adhesive resins and coatings hold significant shares, driven by the demand for high-performance adhesives and protective coatings in various industries. The use of crotonic acid as an intermediate in chemical synthesis and as a fungicide in agricultural applications also contributes to its market demand.
In terms of end-user industries, the paints and coatings sector is the largest consumer of crotonic acid, attributed to its role in enhancing adhesion and durability of coatings. The chemical industry utilizes crotonic acid in the synthesis of various compounds, while the packaging and automotive industries employ it in adhesives and coatings for product assembly and protection. The pharmaceutical and personal care sectors use crotonic acid-based copolymers in formulations due to their biocompatibility and film-forming properties.
Geographically, China dominates the crotonic acid market, driven by its large-scale construction projects and robust industrial activities. The country's rapid urbanization and infrastructure development are leading to increased demand for adhesives and coatings, thereby boosting the consumption of crotonic acid. Other regions, including North America and Europe, are also contributing to market growth through advancements in the automotive and packaging industries.
Technological advancements in the production and application of crotonic acid are enhancing its performance characteristics, leading to broader adoption across various industries. Innovations in copolymer formulations are improving the efficacy of adhesives and coatings, meeting the evolving demands of end-users. Additionally, the development of sustainable and eco-friendly production methods aligns with global environmental regulations, further supporting market growth.
The crotonic acid market is characterized by fragmentation, with several key players contributing to the competitive landscape. Major companies are focusing on strategic initiatives such as mergers, acquisitions, and partnerships to strengthen their market positions and expand their product portfolios. The increasing demand for high-performance adhesives, coatings, and biocompatible materials presents significant opportunities for innovation and growth within the crotonic acid market. As industries continue to seek advanced materials to enhance product performance and sustainability, the adoption of crotonic acid and its derivatives is expected to rise, driving the market's expansion in the coming years.
1.3.1 Market Segmentation by Application
1.3.2 Market Segmentation by End User
1.3.3 Market Segmentation by Geography
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
2.1.1 Paid
2.1.2 Unpaid
2.1.3 P&S Intelligence Database
2.2.1 Breakdown of Primary Research Respondents
4.1.1 By Application
4.1.2 By End User
4.3.1 Drivers
4.3.2 Restraints
4.6.1 Conventional Process
4.6.2 Biomass
4.7.1 Major Crotonic Acid-Exporting Countries
4.7.2 Major Crotonic Acid-Importing Countries
4.8.1 Bargaining Power of Buyers
4.8.2 Bargaining Power of Suppliers
4.8.3 Intensity of Rivalry
4.8.4 Threat of New Entrants
4.8.5 Threat of Substitutes
13.1.1 Business Overview
13.1.2 Product and Service Offerings
13.1.3 Production Capacity
13.1.4 Volume Produced
13.1.5 Production Expenditure
13.1.6 Gross Profit Margin
13.2.1 Business Overview
13.2.2 Product and Service Offerings
13.2.3 Production Capacity
13.2.4 Volume Produced
13.2.5 Production Expenditure
13.2.6 Gross Profit Margin
13.3.1 Business Overview
13.3.2 Product and Service Offerings
13.3.3 Production Capacity
13.3.4 Volume Produced
13.3.5 Production Expenditure
13.3.6 Gross Profit Margin
13.4.1 Business Overview
13.4.2 Product and Service Offerings
13.4.3 Production Capacity
13.4.4 Volume Produced
13.4.5 Production Expenditure
13.4.6 Gross Profit Margin
13.5.1 Business Overview
13.5.2 Product and Service Offerings
13.5.3 Production Capacity
13.5.4 Volume Produced
13.5.5 Production Expenditure
13.5.6 Gross Profit Margin
13.6.1 Business Overview
13.6.2 Product and Service Offerings
13.6.3 Production Capacity
13.6.4 Volume Produced
13.6.5 Production Expenditure
13.6.6 Gross Profit Margin
13.7.1 Business Overview
13.7.2 Product and Service Offerings
13.7.3 Production Capacity
13.7.4 Volume Produced
13.7.5 Production Expenditure
13.7.6 Gross Profit Margin
13.8.1 Business Overview
13.8.2 Product and Service Offerings
13.8.3 Production Capacity
13.8.4 Volume Produced
13.8.5 Production Expenditure
13.8.6 Gross Profit Margin
13.9.1 Business Overview
13.9.2 Product and Service Offerings
13.9.3 Production Capacity
13.9.4 Volume Produced
13.9.5 Production Expenditure
13.9.6 Gross Profit Margin
13.10.1 Business Overview
13.10.2 Product and Service Offerings
13.10.3 Production Capacity
13.10.4 Volume Produced
13.10.5 Production Expenditure
13.10.6 Gross Profit Margin
13.11.1 Business Overview
13.11.2 Product and Service Offerings
13.11.3 Production Capacity
13.11.4 Volume Produced
13.11.5 Production Expenditure
13.11.6 Gross Profit Margin
13.12.1 Business Overview
13.12.2 Product and Service Offerings
13.12.3 Production Capacity
13.12.4 Volume Produced
13.12.5 Production Expenditure
13.12.6 Gross Profit Margin
13.13.1 Business Overview
13.13.2 Product and Service Offerings
13.13.3 Production Capacity
13.13.4 Volume Produced
13.13.5 Production Expenditure
13.13.6 Gross Profit Margin
13.14.1 Business Overview
13.14.2 Product and Service Offerings
13.14.3 Production Capacity
13.14.4 Volume Produced
13.14.5 Production Expenditure
13.14.6 Gross Profit Margin
13.15.1 Business Overview
13.15.2 Product and Service Offerings
13.15.3 Production Capacity
13.15.4 Volume Produced
13.15.5 Production Expenditure
13.15.6 Gross Profit Margin
13.16.1 Business Overview
13.16.2 Product and Service Offerings
13.16.3 Production Capacity
13.16.4 Volume Produced
13.16.5 Production Expenditure
13.16.6 Gross Profit Margin
13.17.1 Business Overview
13.17.2 Product and Service Offerings
13.17.3 Production Capacity
13.17.4 Volume Produced
13.17.5 Production Expenditure
13.17.6 Gross Profit Margin
13.18.1 Business Overview
13.18.2 Product and Service Offerings
13.18.3 Production Capacity
13.18.4 Volume Produced
13.18.5 Production Expenditure
13.18.6 Gross Profit Margin
13.19.1 Business Overview
13.19.2 Product and Service Offerings
13.19.3 Production Capacity
13.19.4 Volume Produced
13.19.5 Production Expenditure
13.19.6 Gross Profit Margin
13.20.1 Business Overview
13.20.2 Product and Service Offerings
13.20.3 Production Capacity
13.20.4 Volume Produced
13.20.5 Production Expenditure
13.20.6 Gross Profit Margin
13.21.1 Business Overview
13.21.2 Production Capacity
13.21.3 Volume Produced
13.21.4 Production Expenditure
13.21.5 Gross Profit Margin
13.22.1 Business Overview
13.22.2 Product and Service Offerings
13.22.3 Production Capacity
13.22.4 Volume Produced
13.22.5 Production Expenditure
13.22.6 Gross Profit Margin
13.23.1 Business Overview
13.23.2 Production Capacity
13.23.3 Volume Produced
13.23.4 Production Expenditure
13.23.5 Gross Profit Margin
13.24.1 Business Overview
13.24.2 Production Capacity
13.24.3 Volume Produced
13.24.4 Production Expenditure
13.24.5 Gross Profit Margin
13.25.1 Business Overview
13.25.2 Production Capacity
13.25.3 Volume Produced
13.25.4 Production Expenditure
13.25.5 Gross Profit Margin
13.26.1 Business Overview
13.26.2 Production Capacity
13.26.3 Volume Produced
13.26.4 Production Expenditure
13.26.5 Gross Profit Margin
13.27.1 Business Overview
13.27.2 Product and Service Offerings
13.27.3 Production Capacity
13.27.4 Volume Produced
13.27.5 Production Expenditure
13.27.6 Gross Profit Margin
13.28.1 Business Overview
13.28.2 Product and Service Offerings
13.28.3 Production Capacity
13.28.4 Volume Produced
13.28.5 Production Expenditure
13.28.6 Gross Profit Margin
13.29.1 Business Overview
13.29.2 Product and Service Offerings
13.29.3 Production Capacity
13.29.4 Volume Produced
13.29.5 Production Expenditure
13.29.6 Gross Profit Margin
13.30.1 Business Overview
13.30.2 Production Capacity
13.30.3 Volume Produced
13.30.4 Production Expenditure
13.30.5 Gross Profit Margin