Crotonic Acid Market Growth, Share and Demand

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Crotonic Acid Market To Cross 850.0 Million by
2025
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The increasing consumption of crotonic-acid-based
dispersions in paints, coatings, and adhesives
will steer the crotonic acid market at a CAGR of
7.9 during the forecast period (20212025).
Adhesives containing this acid offer rapid
solidification, owing to which their application
has significantly surged in high-speed
manufacturing lines, such as those of packaging
and textiles. The soaring demand for these
adhesives will propel the market to 853.7
million by 2025 from 592.0 million in
2020. Thus, the expansion of the adhesives
industry is one of the key factors contributing
to the crotonic acid market growth. The acid is
used as a comonomer with vinyl acetate, to
produce copolymers that are primarily utilized in
the formulation of adhesives. For example,
hot-melt adhesives are usually developed by
grafting crotonic and acrylic acids onto
metallocene ethyleneoctene copolymers.
Additionally, technological advancements have led
to the preparation of improved adhesives that
offer exceptional flexibility, performance, and
bond strength under a wide temperature range.
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Another key factor driving the market is the
spurring demand for paints and coatings. This
acid is a vital ingredient of these products as
it can form copolymers when blended with other
chemical compounds. Additionally, when the
crotonic acid monomer is copolymerized with other
compounds, it results in a thickener, which is
applied in the manufacturing of glossy emulsion
paints. These paints offer extra glow and
protection to the interiors and exteriors of
buildings. Thus, the soaring demand for glossy
emulsion paints will facilitate market growth in
the forecast years. The categories under the
application segment of the crotonic acid market
include coatings, fungicides, adhesive resins,
plasticizers, and intermediates. Among these, the
adhesive resins category dominated the market in
2020, and it is expected to maintain its lead
throughout the forecast period. This is due to
the rising application of crotonic acid in the
manufacturing of copolymer dispersions for
adhesive resins. Thus, the spurring demand for
these adhesive formulations in the electronics,
textile, packaging, and automobile industries
will define the positive growth outlook for this
category. Further, the end user segment of the
crotonic acid market is categorized into
chemical, pharmaceutical, paints and coatings,
automobile, packaging, textile, and electronics.
Among these, the paints and coatings category
held the largest market share in 2020, and it is
expected to register the fastest growth in the
forecast years. This can be owed to the
exponential use of crotonic-acid-based binders in
paints and coatings to hold the pigments in place
by binding them and form a coating layer. The
spiking demand for paints and coatings from the
automotive, packaging, and construction sectors
will fuel the growth of this category. To
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rotonic-acid-market/report-sample
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Globally, China dominated the crotonic acid
market during the historical period (20162020),
and it is expected to reflect the same trend in
the forecast years. Additionally, the Chinese
market is also projected to demonstrate the
fastest growth throughout the forecast period.
This can be ascribed to the magnifying demand for
adhesives and paints and coatings for the repair
and renovation of residential and commercial
buildings. Moreover, the growing application of
crotonic acid as a plasticizer, fungicide, and
intermediary in the chemical, agriculture, and
pharmaceutical industries will boost the market
growth in China. With the rising consumption of
adhesives and paints and coatings, the demand for
crotonic acid will surge in the coming
years. Inquire before purchase_at_
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iry-urlcrotonic-acid-market
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