Acrolein Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028
According to the report by Expert Market Research (EMR), the global acrolein market size reached a value of approximately USD 1127.1 million in 2022. Aided by the rising demand in various industrial applications and the increasing use of acrolein in the production of specialty chemicals, the market is projected to further grow at a CAGR of 4.50% between 2023 and 2028 to reach a value of USD 1467.78 million by 2028.
Acrolein, also known as acrylic aldehyde, is an unsaturated aldehyde commonly used as a biocide, particularly in water treatment and as an intermediate in the production of various other chemicals. It exhibits excellent properties such as high reactivity and selectivity, making it a valuable chemical in various industrial applications, including the production of methionine, glutaraldehyde, and specialty resins.
The growing demand for acrolein in various industrial applications is a major driver for the acrolein market growth. Given its highly reactive nature, acrolein is frequently used as an intermediate in the manufacture of numerous industrial chemicals, including methionine, a vital amino acid used extensively in animal feed. The steady rise in the global livestock sector, consequently, fuels the demand for methionine and indirectly propels the growth of the acrolein market.
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Furthermore, acrolein’s role in the production of glutaraldehyde – a biocidal active substance – bolsters the acrolein market expansion. With increasing concerns over microbial contamination in various sectors, such as healthcare, food and beverage, and water treatment, the demand for effective biocides like glutaraldehyde is rising, thereby contributing to the growth of the acrolein market.
Acrolein’s versatility is evident in its use in the manufacturing of speciality resins, boosting the acrolein market development. These resins find extensive applications in coatings, adhesives, and sealants, and the expanding construction and automotive industries, where these products are extensively used, result in a surge in demand for acrolein.
Besides, the robust growth of the pharmaceutical industry worldwide is likely to stimulate the acrolein market demand. Acrolein derivatives are used in the synthesis of various pharmaceuticals, including imidazole and other heterocyclic compounds. With a growing population and increased health awareness, the demand for pharmaceuticals is continually rising, indirectly fostering the acrolein market.
Moreover, the growing emphasis on wastewater treatment is anticipated to fuel the demand for acrolein, thus propelling the acrolein market growth. Owing to its biocidal properties, acrolein is increasingly employed in the treatment of wastewater to prevent biofouling, which is a major concern in wastewater treatment plants.
Acrolein Market Segmentation
The market can be divided based on product type, application, product form, distribution channel, and region.
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Market Breakup by Product Type
• Propylene Oxidation Method
• Glycerol Dehydration Method
Market Breakup by Application
• Water Treatment Agent
Market Breakup by Region
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global acrolein companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Daicel Corporation
• Hubei Jinghong Chemical Co., Ltd
• Evonik Industries AG
• Merck KGaA
• Puyang ShengHuaDe Chemical Co., Ltd.
• Hubei Shengling Technology Co., Ltd.
• Hubei Xinjing New Material Co. Ltd.
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