Global demand for acrolein is expected to reach a market valuation of US$ 1,231.9 million by the end of the year 2023, accelerating at a CAGR of 3.2% over the forecast period (2023 to 2033). The acrolein market is experiencing rapid growth, owing to factors such as increasing demand for acrolein in the manufacturing of polyurethane foams, synthetic fibers, and resins. Acrolein is a highly reactive and toxic organic compound that is widely used in the production of several chemicals, including glycerine, acrylic acid, and methionine. The growth of the market is supported by:
North America, followed by Europe, is the major market for Acrolein Market, primarily due to the presence of large chemical and healthcare industries in the region. The USA is the largest Acrolein Market in the region, followed by Canada, owing to the adoption of new technologies and the increasing demand from the healthcare industry for disinfection and sterilization purposes.
Apart from North America, the acrolein market is flourishing in the Asia-Pacific region. Asia-Pacific is expected to be the largest market for acrolein, primarily due to the increasing demand for acrolein in the manufacturing of several chemicals and the growing healthcare industry in the region, with China expected to dominate the market.
Key producers are working on manufacturing acroleins in order to gain a greater market share. Some of these companies include BASF SE, Evonik Industries AG, Arkema SA, Dow Chemical Company, Eastman Chemical Company, Nantong Acetic Acid Chemical Co., Ltd., Merck KGaA, Beijing Eastern Petrochemical Co., Ltd., Wuhan Ruiji Chemical Co., Ltd., and Formosa Plastics Corporation among others.
These players are adopting various strategies such as mergers and acquisitions, collaborations, and product launches to strengthen their market position and increase their market share. The players are also investing in research and development activities to develop innovative products and technologies that can provide them with a competitive edge in the market. Additionally, the players are focusing on expanding their product portfolio and geographical presence to tap into the growing demand for acrolein across various industries.
For instance, Arkema has taken a significant step towards its innovative sustainable product offering by certifying a range of bio-attributed acrylic monomers using the mass balance approach. With this certification, Arkema can now provide customers with a range of bio-attributed specialty acrylic additives and resins for various applications, positioning the Group as a global leader in the offer of bio-attributed acrylic materials.
The new range of bio-attributed acrylic monomers, specialty acrylic additives, and resins launched by Arkema are mass-balance certified under the International Sustainability and Carbon Certification-PLUS (ISCC+) framework. This certification marks a critical milestone in transitioning to a more renewable and lower carbon economy. By replacing fossil feedstock with bio/bio-circular feedstock, Arkema is helping its customers achieve their climate plan goals by reducing their scope 3 greenhouse gas emissions. Arkema is thus a key partner for customers on the market, empowering them to pursue more sustainable practices.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1,231.9 million |
| Projected Market Value in 2033 | US$ 1,687.9 million |
| Global Growth Rate (2023 to 2033) | CAGR of 3.2% |
Acrolein is a liquid that is colorless and yellow and has a pungent, throat-clogging odor. It is extremely flammable and may polymerize aggressively. In the catalytic reduction process, glycerine and propylene, two petrochemical feedstock, are utilized to create acrolein. It serves a variety of purposes mostly as a chemical intermediary and in specialty compounds. It serves as a crucial step in the synthesis of methionine and acrylic acid.
Acrolein is primarily used to make acrylic acid, but it is also used to kill bacteria and other microbes in water treatment ponds, and oil wells, and to limit the development of plants and algae. Due to its strong electrophilicity and reactivity, acrolein is a very hazardous substance. Its production technique consists of two steps: recovering acrolein from reaction products and catalytic oxidation of propylene to make acrolein. Over the course of the forecast period, the robust demand for plastic and agrochemicals is anticipated to fuel the expansion of the worldwide acrolein market.
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Acrolein sales increased at a CAGR of 2.8% between 2018 and 2023. Acrolein was primarily driven by its usage in the agrochemicals industry as well as in oilfield chemicals, with the continuous expansion and healthy consumption of water treatment chemicals. As the market is recovering from the pandemic and end-use industries bounce back from the COVID-19 epidemic creating a setback in 2022 the market for Acrolein is projected to expand during the assessment period.
It is anticipated that the market is forecast to grow at a CAGR of 3.2% during the anticipated period. Based on its raw material and the variety of uses, acrolein is likely to experience a significant change in the worldwide market, and this trend is predicted to continue during the projection period. The demand for acrolein is anticipated to be driven by rising demand for engineering plastic and polymer applications followed by agrochemicals. Acrolein will also be heavily ingested by oilfield chemicals in the context of water treatment applications.
Investment to develop Biobased glycerol as an alternative feedstock to produce acrolein
Bio-based glycerol is presently used as an alternate feedstock to produce acrolein. Glycerol is a typical feedstock due to its chemical characteristics and commercial viability. Currently, the majority of it is created as a by-product of triglyceride processes, such as hydrolysis to produce fatty acids and trans-esterification with methanol to form fatty acid methyl esters (FAME), also known as biodiesel.
Acrolein products start from glycerol, and it looks to have a good economic return and low cost of raw materials. Acrolein is utilized in both industrial and agricultural contexts and is a vital chemical drop-in intermediate. Utilizing glycerol could prove to be a practical solution in light of the problem of the depletion of fossil fuels. On the other hand, the chemical and fuel industries will rely largely on bio-based feedstock in the upcoming years since it is projected that their use would rise and surpass that of fossil raw materials. As a result, it is gaining traction in the market.
Agrochemical Industry to Spur the demand for Acrolein
Acrolein is an extremely effective biocide than oxidizing biocides because it is quickly rendered inactive by sodium sulfite before being released into a receiving stream. Acrolein can attack and modify both protein groups and the mechanisms that produce enzymes. It is used as a pesticide to control mollusks, weeds, germs, and algae.
On the other hand, aquatic weeds are a problem because they restrict the flow of water in irrigation canals. Spraying weeds growing in supply lines with an herbicide called Acrolein is the best method of control since they reduce delivery capacity and obstruct pumps. Due to the significant demand from the agrochemical sector, it is anticipated that acrolein demand would rise throughout the forecasted timeframe.
Health Issues to constraint the growth of Acrolein
Acrolein is extremely irritating to mucous membranes, skin, and the eyes. Acrolein inhalation may cause pulmonary edema and respiratory discomfort. Contact with the skin or eyes can cause chemical burns and cause itchiness and lacrimation. Exposure to acrolein causes serious respiratory difficulties, and people who already struggle with breathing disorders or skin ailments may be more susceptible to its effects. all these health-related issues will constrain the market for acrolein during the forecast period.
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The Propylene Oxidation Method and Glycerol Dehydration Method are the two types of Acrolein market segments. It is projected that the glycerol dehydration process will command a sizable portion of the acrolein industry. Glycerol dehydration produces acrolein. Acrylic acid is mostly produced from acrolein.
The Acrolein market is divided into Paints and Coatings, Agrochemical, Polymer, Industrial, and other sectors based on the end user. The Agrochemical Segment in Acrolein dominates the market with an impeccable market share owing to the use of Acrolein. Due to the rising need for Biocide, this market is becoming more popular. In recirculating process water systems, it is utilized as an herbicide and to manage algae, aquatic weeds, and mollusks. It is employed to prevent algae growth in oil fields, the development of slime during the production of paper, and the growth of microbes in liquid fuel.
The market for acrolein is dominated by the USA since it is a sizable industrialized country with a diverse array of large, medium-sized, and small businesses. The country is well known for having a thriving business community.
It is expected that the USA would see quick growth over the coming years since it is the main importer of acrolein biocide, which is further impacting the revenue growth of this regional market. Contrarily, it is believed that Acrolein is crucial to eliminate or controlling germs and bacteria in oil wells, cooling-water towers, liquid hydrocarbon fuels, and water treatment ponds.
The expanding demand for acrolein in China is influenced by expanding industries, including those in paints and coatings, agrochemicals, and other fields, as well as by burgeoning industrial activity throughout. India will be the next nation in line from the Asia Pacific area due to its steadily growing paints and polymer sectors. In the rest of Asia-Pacific, Vietnam and Indonesia are two potential markets for biocides.
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Major manufacturers are concentrating their efforts on enhancing their manufacturing facilities to increase their market share and better meet the expanding demand for acrolein. To the expanding demands of end users, market participants are investing globally to increase their capacity to produce acrolein. A wide range of market prospects has been created by the numerous technology advancements and the main competitors' increasing attempts at development through acquisitions, joint ventures, and partnerships.
For Instance,
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.2% from 2023 and 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Million for Value, Volume in Tons, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Application, End-Use, Region |
| Regions Covered | North America(USA, Canada); Latin America(Brazil, Mexico, Argentina); East Asia(South Korea, China, Japan); South Asia and Pacific(India, ASEAN, Australia and New Zealand); Western Europe(Germany, France, Spain, Italy, BENELUX, Nordics, United Kingdom); Eastern Europe(Poland, Hungary, Romania, Czech Republic, Others); Central Asia; Russia and Belarus; Balkan and Baltic Countries; Middle East and Africa(King of Saudi Arabia, Turkey, Northern Africa, South Africa, Israel) |
| Key Companies Profiled | Evonik; Adisseo; Arkema; Dow; Daicel; Hubei Shengling Technology; Wuhan Ruiji Chemical; Hubei Jinghong Chemical; Zibo Xinglu Chemical; Puyang Shenghuade Chemical; Wuhan Youji; Hubei Xinjing New Material |
| Customization and Pricing | Available upon Request |
In 2023, the value of the global Acrolein market reached over US$ 1,231.9 Million.
During the forecast period, the global Acrolein market is estimated to expand at a CAGR of 3.2% during 2023 to 2033.
The global Acrolein market is projected to reach US$ 1,687.9 Million by the end of 2033.
A few of the key players operating in the Acrolein market are Evonik Industries, Adisseo, Arkema, Dow, Daicel, Wuhan Ruiji Chemical, Hubei Shengling Technology, Zibo Xinglu Chemical, Puyang Shenghuade Chemical, and various others.
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Acrolein Market
