Global propionaldehyde market is expected to witness a strong growth owing to increasing demand from end-use industries such as pharmaceuticals and cosmetics over the forecast period. Propionaldehyde, also known as propanal, is an organic compound and an acetone isomer. Propanal has a fruity smell, is odorless, very reactive, and highly flammable.
Propionaldehyde is manufactured by several processes. These processes include treating propyl alcohol with dichromate mixture and barium propionate dry distillation in the presence of calcium formate by hydroformylation process. The hydroformylation process is combining ethylene and synthesis gas using rhodium catalyst.
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Propionaldehyde is used for applications in industries such as pharmaceuticals, home & personal care products, cosmetics, and chemicals. Basic chemicals, agricultural chemicals, pesticides, and fertilizers are a few applications in the chemical industry. Home and personal care industry encompasses applications such as perfumes and fragrances.
Growing medical & pharmaceutical industry in the developing as well as developed regions is expected to be a major driver for this market. Pharmaceutical applications include basic products such as cellulose alkyd resins. Developed economies such as the U.S, Japan, and a few European countries are characterized by aging population, which in turn is assisting the medical industry.
Developing regions such as Asia Pacific and Central & South America are characterized by rising disposable income, increasing standards of living, and higher accessibility to medical facilities. Government policies and initiatives to improve accessibility to medical facilities is a key factor that is projected to positively impact the industry. Such a trend is presumed to complement the medical & pharmaceutical industry in these regions.
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Rapidly growing home & personal care and cosmetic industries, especially in the emerging regions, are projected to assist the propionaldehyde market over the forecast period. Pharmaceutical applications include basic products such as cellulose alkyd resins. Increasing disposable income and growing population are the key factors that are expected to positively impact the market.
Increasing focus on enhancing agricultural yield by governments in the developed as well as developing regions has resulted in high demand for agricultural products such as pesticides, fertilizers, and other agricultural chemicals. Growing population and increasing food demand are expected assist the agricultural sector and in turn complement the propionaldehyde market over the forecast period.
Propionaldehyde is classified as highly flammable and irritant substance by the European Chemicals Bureau. Direct exposure to this organic compound results in minor skin and eye irritations. Such regulatory framework governing usage is anticipated to hinder the global market growth in future.
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