CROTONALDEHYDE MARKET ANALYSIS

Market News

Key Developments:

• In July 2019, Godavari Biorefineries Ltd, a bio-refining company, received certification from USDA for their Biobased Product Label named NaturoBG, Crotonaldehyde, and Acetic Acid Glacial. The company will now be able to display the USDA label mentioning the percentage of the biobased content in their products.
• In May 2015, Godavari Biorefineries Ltd, a leading manufacturers of biofuels, foods, specialty chemicals, and others, had raised US$ 15 million in equity, from funds managed by Mandala Capital. This investment aided the company’s research & development to address the need for green products & chemicals and enhance their product portfolio.

Product innovation and expansion in various geographies is a key strategy adopted by the major players in the crotonaldehyde market. In June 2017, Celanese Corporation announced a joint venture (JV) between Celanese’s Cellulose Derivatives and Blackstone’s Rhodia Acetow businesses. This was intended for the creation of a global acetate tow supplier coupled with improved service to customers and more opportunities for productivity and innovation. Celanese and Blackstone will own 70% and 30% of the Joint venture, respectively. Some of the major companies operating in the global crotonaldehyde market include Finetech Industry Limited, Alfa Aesar, Sigma-Aldrich, GODAVARI BIOREFINERIES LTD., Tokyo Chemical Industry, Nantong Acetic Acid Chemical Co., Ltd., Ambinter, abcr GmbH, Celanese Corporation, Chemhere, Amadis Chemicals, MolCore, Haihang Industry Co., Ltd. and Vitas-M Laboratory.