Crotonic Acid Market Size

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. In the year 2025, the industry size of agrochemical additives is assessed at USD 779.77 million. The reason behind the growth is due to the rising prevalence of cancer around the world. It is claimed that isoxazole and crotonic acid compounds of formulas (I) and (II), can be used to cure cancer since it enhances glycolytic activity and the proliferation of cancer cells. By 2040, it's estimated that there will be over 27 million new instances of cancer annually worldwide.

The growing collaborations between major players are believed to fuel the market growth. Major companies are forming strategic alliances and working together to improve their product lines, broaden their geographic reach, launch new products, and accomplish other goals for the investigation of novel uses for crotonic acid in developing markets.