The butyraldehyde market has been hampered by COVID-19

Posted By : riya16csu297@ncuindia.edu on 2021-10-24   18:20:39    India
  butyraldehyde market

Description

Market Overview

During the forecast period, the Butyraldehyde market is expected to grow at a CAGR of more than 5%. (2021-2026).

The butyraldehyde market has been harmed by COVID-19. Manufacturing activities were paused due to supply chain disruptions and labor shortages, or as a precautionary measure to prevent the spread of a virus, influencing the market negatively.

Various end-user industries, such as agrochemicals and paints and coatings, have had substantial challenges as a result of the COVID-19 epidemic, including the consequences of statewide lockdown and corporations shifting their sourcing away from China, which has had a short-term impact on the market. Because butyraldehyde is employed as an intermediary in the production of coatings, the demand for butyraldehyde has decreased. However, with the increase in lockdown and restarted operations in several end-user businesses, market growth is likely to revive in 2021.




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