BASF SE, Eastman Chemical Company, Perstorp Holding AB., and Zibo Nuoao Chemical Co., Ltd, among others are the key players in the global propionaldehyde market.
The global propionaldehyde market is being aided by the growth of the propionic acid industry. The propionic acid industry is further expected to grow at a CAGR of 5% in the forecast period of 2022-2027.
Propionaldehyde, commonly known as propanal, is an isomer of acetone and an organic molecule. It is a colourless liquid with a pungent, fruity odour that is used to make propionic acid and alkyd resins. Growing consumer awareness of hygiene, rising living standards, rising disposable incomes, the thriving retail industry, rapid technological advancements, growing mergers and acquisitions, and extensive research and development activities are driving the demand for personal care and home care products, boosting propionaldehyde demand. The Asia Pacific region is expected to see growth in the propionaldehyde market. The demand is also growing in the region due to the rapid urbanisation and industrialisation, along with the rising demand for pesticides, fertilisers, pharmaceuticals, and personal care products in emerging nations. Over the forecast period, the substantial increase in demand for pharmaceuticals due to the COVID-19 pandemic is expected to drive product demand.
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BASF’s portfolio is organised into six segments: chemicals, materials, industrial solutions, surface technologies, nutrition and care, and agricultural solutions. BASF Group works on contributing to the success of its customers in nearly all sectors and almost every country in the world. The company provides propionaldehyde for intermediate or processing aid to the chemical industry.
|Headquarters:||Kingsport, Tennessee, United States|
Eastman Chemical Company is a global speciality materials company that produces a broad range of products. The company works with customers to deliver innovative products and solutions while maintaining a commitment to safety and sustainability. It provides propionaldehyde to Asia Pacific, Latin America, and North America.
Perstorp Group is a world leader in several sectors of the speciality chemicals market for a wide variety of industries and applications. The company provides a wide range of products which are used every day at home, work, or leisure. Perstorp provides propionaldehyde as an intermediate, and uses it for production of Perstorp’s Bis-MPA.
|Headquarters:||Zibo City, Shandong, China|
Zibo Nuoao Chemical is a chemical, fine chemical, and mechanical maintenance company. The company relies on Qilu Petrochemical Industries Co and local rich technology and raw material resources. It focuses on the production of propionaldehyde, propanol, pentanal, pentanol, mixed alcohol, rough octanol, carbon 12 chemical products. Zibo’s main production equipment has 7 million tons of propionaldehyde device.
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