Global Propionaldehyde Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global propionaldehyde market in its upcoming report titled, “Global Propionaldehyde Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global propionaldehyde market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global propionaldehyde market report has been segmented on the basis of application, end-use industry, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Propionaldehyde also known as propanal, an organic compound with the formula CH3CH2CHO. It is a saturated 3-carbon aldehyde and is a structural isomer of acetone and appears as a colorless liquid with a pungent and fruity odor. It is produced through oxo synthesis also known as hydroformylation, by combining carbon monoxide gas and hydrogen gas with ethylene using rhodium catalyst. Propionaldehyde is used in manufacturing of various chemicals such as organic chemicals, agricultural chemicals, pesticides and fertilizers. It is also used in cosmetics, home and personal care products, and pharmaceutical products.
Increasing demand for propionaldehyde for production of propionic acid, owing to the rising demand from chemical and pharmaceutical industries is a major factor driving growth of the global propionaldehyde market over the forecast period. In addition, increasing use of propionaldehyde in plastic, rubber, and cosmetic industries is also expected to boost the demand of propionaldehyde and drive growth of the target market during the forecast period.
Stringent regulatory framework regarding safety, may hamper demand for propionaldehyde and restrain growth of the target market during the forecast period. Moreover, increasing investment for research and development activities to develop novel applications and propionaldehyde based products, is an opportunity for the global propionaldehyde market over the forecast period.
The Asia Pacific propionaldehyde market accounted for major revenue share in the global propionaldehyde market and is expected to dominate the market over the forecast period. This dominance can be attributed to the increasing demand for propionaldehyde from various end-use industries such as home and personal care, pharmaceuticals in the region. The North America market is projected to register a significant revenue share during the forecast period. The propionaldehyde market in Europe is estimated to register a significant growth rate during the forecast period.
Global Propionaldehyde Market Segmentation:
Segmentation On the Basis of Application:
- Fragrance Intermediate
- Chemical Intermediate
Segmentation On the Basis of End-use Industry:
- Home and Personal Care
- Paint & Coatings
- Others (Fertilizers, Polymer & Plastic, Rubber, and Cosmetic)
Segmentation On the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- BASF SE
- Eastman Chemical Company
- Perstorp Holding AB
- Merck KGaA
- Thermo Fisher Scientific
- Zibo Nalcohol Chemical Co., Ltd.
- OXEA Corporation
- Celanese Corporation
- Santa Cruz Biotechnology, Inc.
- CAMEO Chemicals
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