Surging Paints and Coatings Requirement Propelling Crotonic Acid Demand
The adhesives industry uses a large volume of crotonic acid for the formulation of adhesives. Crotonic acid-based adhesives are derived from vinyl acetate, which uses the acid as a comonomer. For example, hot melt adhesives are usually prepared by grafting crotonic and acrylic acids onto metallocene ethylene–octene copolymers. Additionally, technological advancements in this sector have resulted in the formulation of advanced adhesives that exhibit excellent flexibility, performance, and bond strength under a wide range of temperatures. Moreover, the surging awareness about different types of advanced adhesives and their benefits will also fuel the consumption of this acid in several industries. Furthermore, the burgeoning demand for paints and coatings will also help the crotonic acid market demonstrate a CAGR of 7.9% during 2021–2025. The market was valued at $592.0 million in 2020 and it is expected to generate $853.7 million revenue by 2025. Crotonic acid is one of the primary ing...