Crotonic Acid Market Share

  • Report ID: 5370
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Crotonic Acid Market Share

APAC Market Forecast

Asia Pacific industry is predicted to account for largest revenue share of 40% by 2037 propelled by the rising urbanization. Moreover, better job prospects, the presence of well-established institutions for higher learning, and an urban standard of living are the reasons why more people in countries such as India and China are choosing to relocate from rural to urban areas.

The construction sector has been significantly impacted by the rise in urbanization in the region which has led to an increase in the need for building supplies, including bricks, crushed rock, cement, steel, sand, and paint and coatings that are widely utilized on buildings for both decorative and protective functions. These factors may drive the demand for crotonic acid in the region. In India, more than 460 million people live in urban areas and the figure is increasing annually by over 2%.

North American Market Statistics

The North America crotonic acid market is estimated to be the second largest, during the forecast timeframe led by the rising spending in healthcare sector. Moreover, the pharmaceutical sector in the United States creates several new medications each year that have significant medical benefits, which also makes the country the global leader in prescription drug spending per capita. As a result, there may be an increasing demand for crotonic acid in the region since it can be utilized in the manufacture of medicines. According to estimates, the amount spent on health care in the United States increased by over 2% in 2021 to around USD 12,910 per person.

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Author Credits:  Rajrani Baghel


  • Report ID: 5370
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of agrochemical additives is assessed at USD 779.77 million.

The crotonic acid market size was over USD 723.08 million in 2024 and is projected to reach USD 2437.9 million by 2037, growing at around 9.8% CAGR during the forecast period i.e., between 2025-2037. Rising prevalence of cancer and the growing collaborations between major players will boost the market growth.

Asia Pacific industry is predicted to account for largest revenue share of 40% by 2037, propelled by rising urbanization in the region.

The major players in the market are Tianjin Jinhui Pharmaceutical Group, Zhengzhou Tuozhixiang Trading, Sun Pharmaceutical Industries Ltd., Chem of China, XIAN Kono Chem, Godavari Biorefineries, BIO-TECH, Otto Chemie, Weylchem, ALB Technology Limited, DuPont, Penta Manufacturing Company, Spectrum Manufacturing Corporation
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