According to the latest research study published by Future Market Insights, Crotonic Acid Market is projected to witness stable growth during the forecast period 2021-2031. Demand for the acid will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Although demand from Paints & Coatings sector suffered to some extent in the near term, however a quick sales recovery is likely in the industrial sector, particularly from coatings application.
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What is Driving Demand for Crotonic Acid?
On the basis of application, the Paints & Coatings sector dominated demand share across regional markets. This is because crotonic acid is used to formulate Paints & Coatings, because of its ability to create copolymers when combined with other chemical compounds.
The acid monomer, when copolymerized with the other compound helps in the formation of specialty thickeners that are used in the production of glossy emulsion paints. These paints provide glowing effect that is useful in health & safety applications and also provide protective coating to the substrate. Thus, the growing sales of emulsion paints continues to drive the market.
Adhesive Resins to Augment Sales of Crotonic Acid.
Adhesive resins segment has a prominent share in terms of application and is projected to grow at the fastest pace in the forecast period. Crotonic acid is used in the manufacture of copolymer dispersions for adhesive resins to improve their adhesion properties.
The increasing demand for acid-based adhesive formulations in the textile, packaging, automobile, as well as in electronics industries has boosted market growth in this sector. Manufacturers are striving to serve the ever increasing need of such industries to source application specific products to suit their exact needs, so as to produce specialty adhesive products.
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Who are the Key Manufacturers and Suppliers of Crotonic Acids?
Some of the leading manufacturers and suppliers include
- Tianjin Jinhui Pharmaceutical Group Co. Ltd.
- Kono chem co. Ltd.
- WeylChem International GmbH
- Zhengzhou Tuozhixiang Trading Co. Ltd.
- EUCLID
- Central Drug House (P) Ltd.
- Henan Tianfu Chemical Co. Ltd.
- ALB Technology Limited
- Penta Manufacturing Company
Crotonic Acid Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumersz
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