Crotonic Acid Market Trends

Growth Drivers

• Rising Application in Adhesives - A crotonic acid-modified aqueous emulsion comprising an aqueous emulsion of a polymeric compound is mainly used as a comonomer with vinyl acetate that can be used in the formulation of adhesives.
• Growing Sell of Automotive - Crotonaldehyde is the source of crotonic acid, which is utilized as a raw material to make a variety of coatings that are used to coat most automotive surfaces mainly to provide protection and decoration.More than 68 million cars are expected to be sold worldwide in 2023.
• Expanding Packaging Sector - Crotonic acid is primarily used as a raw material for copolymers, which are created by copolymerizing it with other compounds used to coat polyolefin films, which are used to package baked food items such as pastries.
• Spiking Popularity of Skin and Hair Care Products - Crotonic acid is a naturally occurring substance present in Carica papaya, Coffee Arabica, and other species, can be used as a film-forming ingredient in aerosol hair sprays and other hair preparation products and is mostly utilized in cosmetic and personal care goods and it appears as translucent solid beads.
• High Usage in Chemical Sector - Crotonic acid is a raw ingredient used to make a variety of different chemicals such as Ethylene, Crotonate, Polyhydroxyalkanoate, Acrylic Acid, and Copolymer. Moreover, Vinyl acetate and crotonic acid combine to form a copolymer, a polymer that may be used safely as a coating or as a coating component.
• Increasing Utilization as Flavoring Agent - Crotonic acid also referred to as 2-butenoic acid, is a white to tan solid that has a phenolic smell and is used as a flavoring agent to provide dairy or green flavor.
• Rising Environmental Pollution - Crotonic acid hydrogels allow fertilizers to be released by the infiltration of water into the polymeric network, and solute release from the hydrogel during swelling conditions that aid in preventing contamination of the environment.

Challenges

• Fluctuating Price of Raw Materials -  Crotonic acid is produced by catalytically oxidizing crotonaldehyde, which is a clear, colorless straw-colored liquid with an overpowering smell the price of which keeps fluctuating owing to shifts in supply and demand dynamics and changes in the production process. As a result, the overall cost of producing crotonic acid may increase which makes it difficult for the producer to manage the resources.
• Stringent Rules & Regulations Related to Product Safety and Quality Highly Competitive Market Owing to the Presence