Crotonaldehyde MarketSize and Trends

Crotonaldehyde Market Outlook – Rising Demand in Chemicals and allied Industries to be the Major Market Driver

Asia Pacific and North America are expected to be the most potential markets for crotonaldehyde manufacturers. According to IBEF, the Indian leather industry holds a major share of around 12.93 per cent of the total world’s leather production of hides/skins. During April 2016-January 2017 leather and leather goods worth US$ 4.72 billion were exported from India. The estimated size of Indian chemicals sector stands at approximately US$ 139 billion. India is the seventh largest producer of chemicals in the world worldwide and third largest producer in Asia. In 2015-2016 the total production of the major chemicals including petrochemicals was 23.9 million tons. The Indian chemicals industry has attracted various foreign investors such as Akzo Nobel, BASF, ADEKA, Mitsubishi Chemicals Corporation, Syngenta, DuPont, Henkel, Croda, Wacker Metroark, DyStar, and Rhodla. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.

Wide array of applications in the chemicals and pharmaceutical industry is fueling the growth of crotonaldehyde market, especially in Asia Pacific and Middle East regions.