Propionaldehyde, also known as propanol, is a colorless liquid with a fruity odor. Propionaldehyde is an organic compound and is an isomer of acetone. Propionaldehyde is mainly used in the production of cosmetics, personal care products and basic chemicals. The application products of propionaldehyde are used in several end-user industries such as chemicals, home and personal care and pharmaceuticals. In the chemicals industry, propionaldehyde is used for manufacturing basic chemicals, organic chemicals, agricultural chemicals, pesticides and fertilizers. In the home and personal care industry, propionaldehyde is used for the manufacturing of aroma chemicals that are used in preparing fragrances and perfumes. In the pharmaceutical industry, propionaldehyde is used in the production of basic pharmaceutical products. The growing demand from chemicals, personal care and pharmaceuticals industry is expected to drive the global propionaldehyde market in the next few years.
Propionaldehyde is basically a chemical intermediate used in the production of propionic acid and alkyd resins. Propionaldehyde finds use in a wide range of applications such as pharmaceutical products, plasticizers, plastics, lacquers, flavorings, rubber chemicals and cellulose. Propionaldehyde is highly flammable, very reactive in nature, easily oxidized or reduced, soluble in diethyl ether and ethanol and is limitedly miscible in water above 15º C. Propionaldehyde is produced by using different manufacturing processes including preparation by treating propyl alcohol with a dichromate oxidizing mixture, synthesis by dry distillation of barium propionate with calcium formate and by hydroformylation. In hydroformylation process, propionaldehyde is produced by combining ethylene and synthesis gas (hydrogen and carbon monoxide) using a metal, especially rhodium, as a catalyst.
The propionaldehyde produced by these processes is used for various applications such as intermediates, pharmaceuticals, pesticides, perfumes, plastics and polyhydric alcohols or polyols. The demand for all these application products, especially fertilizers and pesticides, is growing significantly across the globe. The demand for fertilizers and pesticides is increasing across the world due to the need to achieve better agriculture yield amidst the influence of factors such as rising global population and decreasing arable land. This is ultimately resulting in the growth in demand for propionaldehyde in the manufacturing of fertilizers and pesticides. Hence, the growth in the fertilizers industry is one of the important factors which will create a positive impact on the global propionaldehyde market in the near future.
Asia Pacific is expected to be the fastest growing market for propionaldehyde in the next six years. This growth can be attributed to the rising demand for pesticides, fertilizers, personal care products and pharmaceutical products, typically in China, India and South East Asian countries. The population in these countries is increasing at a rapid rate. Moreover, owing to the economic development of these countries, the disposable income of the consumers is increasing. This subsequently results in an increase in the number of potential consumers across these developing countries. Furthermore, the other emerging economies such as Brazil, South Africa, Saudi Arabia,
Egypt, and Israel are focusing on developing sustainable manufacturing infrastructure for chemicals and chemical related products to cater to the growing needs of the consumers. Also, the U.S. and European economies are recovering steadily from the economic crisis. All these factors are creating a lucrative picture for the global chemical, pharmaceutical, personal care and fertilizer industries. This is ultimately expected to drive the demand for propionaldehyde in these rapidly growing industries in the coming years.
Some of the major companies operating in the global propionaldehyde market are BASF SE, DuPont, The Dow Chemical Company, Perstorp Holding AB, Eastman Chemical Company and Celanese Corporation among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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