Industry Background:
Propionaldehyde is an organic compound. The chemical formula is CH3CH2CHO. It is a strongly acidic, colorless, flammable liquid which has a fruity odor. It is highly used in the production of plastic and the synthesis of rubber chemicals. It is also used as a disinfectant and preservative in personal and home care products. Propionaldehyde is a highly flammable and reactive chemical.
Attributes | Details |
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Study Period | 2015-2027 |
Base Year | 2019 |
Unit | Value (USD Million) |
Key Companies Profiled | The Dow Chemical Company (United States), Eastman Chemical Company (United States), LyondellBasell Industries N.V. (Netherlands), Exxon Mobil Chemical Company (United States), BASF SE (Germany), Perstorp Holding AB. (Sweden), Zibo Nuoao Chemical Co., Ltd (China) and DuPont (United States) |
This growth is primarily driven by Increasing Applications of Propionaldehyde in Pesticides and Fertilizers Industries, Consumer awareness towards Clean and Hygiene and Rapid growth of the plastics, paint industry, home care and personal care industries is driving the market.
Globally, a noticeable market trend is evident Rising Demand for Personal Care Products in Developing Economies The Chemicals sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as The Dow Chemical Company (United States), Eastman Chemical Company (United States), LyondellBasell Industries N.V. (Netherlands), Exxon Mobil Chemical Company (United States), BASF SE (Germany), Perstorp Holding AB. (Sweden), Zibo Nuoao Chemical Co., Ltd (China) and DuPont (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Global Propionaldehyde is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On 1st April 2019, Eastman Chemical Company acquired Marlotherm from Sasol, a global chemical and Energy Company. This acquisition helps Eastman to expand its heat transfer fluids product offerings to customers across the globe.
On 15th September 2021, The Dow Chemical Company and Bolloré collaborate on a pilot project to develop ground-breaking recyclable food-contact barrier shrink film, containing circular polymers.
Propionaldehyde Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing Applications of Propionaldehyde in Pesticides and Fertilizers Industries
- Consumer awareness towards Clean and Hygiene
- Rapid growth of the plastics, paint industry, home care and personal care industries is driving the market
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Influencing Trends | - Rising Demand for Personal Care Products in Developing Economies
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Restraints | - Propionaldehyde shows properties like Flammable and Irritant can hamper the Market Growth
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Gaps & Opportunities | - Increasing Research and Development Activities can create Opportunities for the Propionaldehyde Market
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AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Propionaldehyde Market
- Analysis about New Entrants in Propionaldehyde Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Propionaldehyde Study Sheds Light on
The Propionaldehyde Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Propionaldehyde industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Propionaldehyde industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.