Crotonic Acid Market Size

Crotonic Acid Market size is poised to reach USD 2 Billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of crotonic acid was USD 660 Million. The reason behind the growth is due to the rising prevalence of cancer around the world. It is claimed that isoxazole and crotonic acid compounds of formulas (I) and (II), can be used to cure cancer since it enhances glycolytic activity and the proliferation of cancer cells. By 2040, it's estimated that there will be over 27 million new instances of cancer annually worldwide.

The growing collaborations between major players are believed to fuel the market growth. Major companies are forming strategic alliances and working together to improve their product lines, broaden their geographic reach, launch new products, and accomplish other goals for the investigation of novel uses for crotonic acid in developing markets.