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Propionaldehyde, commonly known as propanol, is an organic compound and an isomer of acetone, primarily used in production of cosmetics, personal care products, and basic chemicals. In general, propionaldehyde is produced by hydro formylation reaction, which involves reacting synthesis gas, such as hydrogen and carbon monoxide, with ethylene in the presence of a metal catalyst, mostly rhodium. In the presence of air, propionaldehyde is easily oxidized or reduced, resulting in a variety of addition reactions. As a result, propionaldehyde must be stored with extreme caution. In the chemical industry, it is used for manufacturing of basic chemicals, organic chemicals, agriculture chemicals, pesticides, and fertilizers. The demand for fertilizer and pesticides is growing rapidly ultimately resulting in the surge in demand for propionaldehyde. Propionaldehyde is used in the pharmaceutical industry to make essential ingredients, organic chemicals, industrial chemicals, pesticides, and fertilizers. Furthermore, the growing pharmaceuticals industry and rising demand for propionaldehyde in various applications, such as perfume, plastics, and polyols, are the major driving factors. However, due to its flammability, it is subject to stringent storage and transportation regulations, which are expected to be major restrictions on the global propionaldehyde market expansion.
COVID-19 scenario analysis
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Propionaldehyde is used in the chemical industry to make essential ingredients, organic chemicals, industrial chemicals, pesticides, and fertilizers. Significant growth of the chemical industry and rising demand for pesticides and fertilizers in the agriculture sector are increasing the demand for propionaldehyde, thereby boosting the growth of the propionaldehyde market. Propionaldehyde is used for producing aroma chemicals that are used in perfumes and fragrances at home and personal care industry. Moreover, increased standard of living is driving the demand for propionaldehyde. Furthermore, propionaldehyde is used as a chemical intermediate in many pharmaceutical products and is used in the production of basic chemical products. Propionaldehyde is a chemical intermediate that is used to make propionic acid and alkyd resins. Pharmaceuticals, plasticizers, plastics, flavorings, rubber additives, and cellulose are only a few of the uses for propionaldehyde. Growing awareness of personal hygiene and increasing demand for agricultural chemicals are driving the growth of the propionaldehyde market. Furthermore propionaldehyde is used for manufacturing PPE kit, which is used as protecting equipment in COVID-19, further boosting the growth of the propionaldehyde market. However, fluctuating prices of raw material are hindering the growth of the propionaldehyde market.
The Asia-Pacific region dominates the global propionaldehyde market in terms of supply and consumption. The APAC region is experiencing rapid growth in pharmaceuticals, plastics, and chemicals, and the growing demand for propionic acids has converted into rising demand for propionaldehyde.
Key benefits of the report
Questions answered in the global propionaldehyde market research report:
Propionaldehyde Market: Global Opportunity Analysis and Industry Forecast, 2021-2028 Report Highlights
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Key Market Players | Zibo Nuoao Chemical Co.Ltd., OXEA Corporation, DuPont, BASF SE, Perstorp Holding AB, The Dow Chemical Company, Celanese, Eastman Chemical Company |
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