Crotonic Acid Market Trends, Business Strategies, Regional Outlook and Forecast Report, 2025

The International Organization of Motor Vehicle Manufacturers (OICA) states that the global vehicle production increased from 52,146,292 units in January-September 2020 to 57,262,777 units in the corresponding months of 2021. The organization also reveals that vehicle sales grew from 34,321,700 units in January-June 2020 to 44,401,850 units in January-June 2021. The booming automobile production and sales will create a massive requirement for paints and coatings, owing to which crotonic acid will be consumed in enormous quantities.

Moreover, the growing prevalence of scabies will also help the crotonic acid market progress at a CAGR of 7.9% between 2021 and 2025. According to P&S Intelligence, the market revenue will surge from $592.0 million in 2020 to $853.7 million by 2025. The World Health Organization (WHO) states that at any given time, nearly 200 million individuals across the world are living with scabies, which is caused by the infestation of Sarcoptes scabiei var hominis. Crotonic acid is used to develop crotamiton drugs, which are used as an acaricide to treat this parasitic disease.

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Additionally, the booming adhesives industry is expected to create an extensive need for crotonic acid in the foreseeable future. Adhesive companies use this acid as a comonomer with vinyl acetate to produce copolymers, which are widely used in adhesive formulations. For example, crotonic and acrylic acids are grafted on advanced adhesives to produce hot melt adhesives, as such acids offer excellent flexibility, bond strength, and performance under a wide temperature range. In recent years, crotonic acid-based adhesives have gained massive traction among several end use industries.

Crotonic acid is used as coatings, fungicides, plasticizers, adhesive resins, and intermediates by end use sectors. In contemporary years, the highest volume of crotonic acid has been used in the production of copolymer dispersions for adhesives, as the acid increases the adhesion properties of the copolymer. In addition, crotonic acid-based adhesive formulations are used in the textile, electrical and electrical industries, packaging, and automobile industries. Such adhesives are also used in process equipment in the power, oil and gas, and chemical sectors.

Currently, electronics, textile, packaging, automobile, paints and coatings, pharmaceutical, and chemical companies use crotonic acid produced by EUCLID, Spectrum Chemical Manufacturing Corporation, Tianjin Jinhui Pharmaceutical Group Co. Ltd., Central Drug House (P) Ltd., Zhengzhou Tuozhixiang Trading Co. Ltd., Penta Manufacturing Company, Kono chem co. Ltd., Henan Tianfu Chemical Co. Ltd., WeylChem International GmbH, and ALB Technology Limited. In the coming years, paints and coatings companies will adopt a significant volume of crotonic acid due to the surging demand for paints and coatings in the packaging, construction and automotive industries.

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Globally, China was the leader of the crotonic acid market in the last few years, and it is expected to maintain its lead in the upcoming years as well. The dominance of this country can be owed to the increasing consumption of adhesives, coatings, and paints in the repair and renovation of commercial and residential structures. Additionally, the country will observe a sharp rise in the use of crotonic acid as fungicides in the agriculture sector, intermediates in pharmaceutical companies, and plasticizers in chemical firms in the coming years.

Therefore, the flourishing automotive and adhesive sector and increasing cases of scabies will facilitate the production of crotonic acid globally.

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Structural Adhesives Industry Report - https://www.psmarketresearch.com/press-release/structural-adhesives-market

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This release was published on openPR.