Acrolein Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the acrolein market was valued at USD 1.4 billion in 2022, and a CAGR of 3.2% is expected during the forecast period. Increasing demand from end-use industries is driving growth in the market. There is an increasing demand for acrolein for manufacturing polyurethane foam, synthetic fibers, and resins. It is a highly reactive and toxic organic compound. It is widely used in the production of several chemicals.

Continued advancements in technology and the growing healthcare industry are driving significant growth in the market. Increasing urbanization and industrialization are driving growth in the market significantly. Outstanding customer and employee experience is driving growth in the market significantly.

Growth Drivers

Increasing urbanization and industrialization are driving growth in the market significantly. Increasing demand from various industries is driving growth in the market. Acrolein is used in the production of acrylic acid, glycerol, and other chemicals. Its role in the production of herbicides, water treatment, chemicals, and as a biocide in oil and gas production is driving market growth. Advances in production processes, such as catalytic oxidation of propylene, improved efficiency, and reduced costs, are stimulating market expansion. Regulations favoring acrolein’s use due to its lower environmental impact compared to alternatives in water treatment and industrial applications are driving growth in the market.

Increased awareness of acrolein’s properties and applications among industries and consumers is driving the growth in the market significantly. Increasing demand for polyurethane foams and the growing healthcare industry are driving growth in the market. Ongoing diversification in the product portfolio is driving growth in the market significantly. The development of new grades of material with improved properties is driving growth in the market significantly. Outstanding employee and customer experience is another major factor behind the significant growth in the market.

Increasing demand for acrolein in chemical industries and in agriculture to protect crops from weeds and bacteria is driving growth in the market significantly. Increasing demand for herbicides and insecticides to ensure better crop yield is driving growth in the market significantly. The increasing demand for purifying the water is also significant.

Segmentation

By Type

·         Propylene Oxidation Method

·         Glycerol Dehydration Method

By Application

·         Methionine

·         Biocide

·         Glutaraldehyde

·         Chemical Precursor

·         Herbicide

·         Fixative

·         Water Treatment Agent

·         Others

By End-Use

·         Paints and Coatings

·         Polymer

·         Industrial Manufacturing

·         Others

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Acrolein Market End-User Segmentation

On the basis of end-user segmentation, the acrolein market is segmented into paints and coatings, polymers, industrial manufacturing, and others. Paints and coatings are the leading segment. Paints and coatings are the leading segment in the acrolein market due to the increasing demand for the production of acrylic acid, which is a key component in the manufacture of paints and coatings. These products are essential in the construction of architectural paints and automotive applications. Increasing demand for vehicle coating and the growing construction sector are driving the demand for acrolein in the market.

Acrolein-based coatings offer durability and flexibility, making them suitable for various applications in both residential and commercial sectors. Advancements in coating technologies have led to the development of high-performance coatings that require acrolein derivatives for specific functions such as adhesion, corrosion, resistance, and aesthetic appeal. Increasing environmental regulation favors the adoption of low-VDC paints and coatings. Acrolein derivatives play a crucial role in formulating these environmentally friendly products. Due to all the above-mentioned factors, paint and coating are a prominent segment in the acrolein market. Industrial manufacturing is also a leading segment and is expected to dominate the market during the forecast period.

Acrolein Market Application Segmentation

On the basis of application, the acrolein market is segmented into methionine, biocide, glutaraldehyde, chemical precursor, herbicide, fixatives, water treatment agents, and others. Acrolein is mainly used as a biocide in the agricultural industry, which is used to protect crops from weeds and bacteria. Increasing demand for acrolein in the formation of fungicides is also driving growth in the market. In the form of a chemical precursor, acrolein is used in chemical industries for its high conductivity and recycling purposes.

It is also used in the production of herbicides. It is also demanded in water treatment appliances and fixatives. It keeps the water clean. Increasing demand for acrolein in paints and coatings is also driving growth in the market. Increasing growth in the construction and manufacturing industries is driving the demand for acrolein in the market.

Regional Outlook

On the basis of the regions, the acrolein market is segmented into 5 types: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Increasing demand from the chemical and manufacturing industries is driving growth in the North American market. North America is the leading segment in the market and is expected to drive the market significantly during the forecast period.

The USA is the main importer of acrolein biocide, which is further impacting the revenue growth of this regional market. The country is well-known for having a thriving business community. Acrolein is well-known for eliminating germs and bacteria from oil- wells. Increasing demand for acrolein from various end-user industries is driving growth in the market significantly. The North American region, led by the United States, is a major consumer and producer of acrolein. The market is influenced by stringent environmental regulations and focuses on sustainable production practices.

Asia Pacific, particularly China, Japan, and India, is a key player in the global acrolein market due to rapid industrialization and increasing demand across various end-users, such as chemicals, plastics, and pharmaceuticals. In Europe, the acrolein market is shaped by strict regulatory standards concerning emissions and chemical safety. Countries like Germany, France, England, Italy, Greece, Denmark, Norway, and Sweden are focusing on innovation and sustainable practices. The Middle East, Africa, and Latin America are witnessing significant growth in the market during the forecast period. Countries like South Africa, Egypt, and Israel are witnessing moderate growth. Increasing demand from various industries is driving growth in the market.

Key Players

·         Dow Chemical Co.

·         Eastman Chemical Co.

·         Merck KgaA

·         Wuhun Ruiji Chemical Co. Ltd.

·         Farmosa Plastics Corporation

·         Arkema SA

·         Nantong Acetic Acid Chemical Co. Ltd.

·         Evonik Industries AG

·         BASF SE

·         Other Players