Market Size of Butyraldehyde Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Butyraldehyde Market Analysis
The market for Butyraldehyde is projected to register a CAGR of more than 5% during the forecast period (2021-2026).
COVID-19 has negatively impacted the butyraldehyde market. Manufacturing activities were halted due to supply chain disruptions and labour shortages or as a protective measure to stop the spread of virus, thereby negatively affecting the market. Various end-user industries such as agrochemicals, paints & coatings witnessed some major issues due to the COVID-19 pandemic, including the effects of nationwide lockdown, companies moving to source away from China, thereby effecting the market on a short term basis. Butyraldehyde is used as an intermediate in the production of the coatings, the fall in production of coatings has declined the demand for butyraldehyde. However, the market growth is expected to recover in 2021 with the uplift of lockdown and resumed work in many end-user industries.
- Over the long term, The increasing application in the paints and coatings sector has been driving the market growth.
- However, the health hazard, as well as environmental threats through direct contact of butyraldehyde and outbreak of coronavirus across the globe, are likely to hinder the growth of the studied market.
- The growing application of butyraldehyde in the pharmaceutical and agrochemical sectors is likely to provide opportunities for the butyraldehyde market over the next five years.
- N-Butanol is the most dominating product type of market studied.
- Asia-Pacific dominated the market across the globe with the largest consumption from countries such as China and India.
