Global Acrolein Market 2024–2033

Reports Description

As per the current market research conducted by CMI Team, the Global Acrolein Market is expected to record a CAGR of 3.4% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 1186.64 Million. By 2032, the valuation is anticipated to reach USD 1288.65 Million.

Acrolein is widely known to be 2-propenal. Acrolein has an acrid disagreeable smell and it is a colorless liquid. This product is an unsaturated aldehyde. Acrolein is produced with the help of glycerin and propylene which are the petrochemical stock feeds that undergo a catalytic process of reduction.

Acrolein is a chemical intermediate which is used in the manufacturing of several applications. It is used in the manufacturing of methionine and acrylic acid. In recent years this product has been used on a large scale in the painting industry and the plastics industry. As the product has many different applications across various industries the demand for this product will continue to grow.

There are many other types of usage of this chemical like it is used as an herbicide as it helps in controlling the floating weeds and even algae in the irrigation canals. Even though a good amount of opportunities are provided for the growth of the market there are a few drawbacks that will hamper the growth of the market during the forecast period.

Exposure to Acrolein proves to be carcinogenic and due to this, the government of various regions have regulated the use of this product only in the target applications. The carcinogenic properties will hamper the growth of the market and also creates a need for growth in the investments for research and development activities in order to find safer alternatives.

There are other factors that will hinder the market growth like the unavailability of glycerol sometimes and the fast depleting resources which are used in the manufacturing of this product. The need for a sustainable approach has increased and most of the manufacturers throughout the world are seeking options in order to come up with alternatives.

Addressing the problem of the reduced sources of crude oil is extremely important for this market as it shall hamper the growth of the market and reduce the revenue for the years to come.

Acrolein Market: Growth Drivers

In recent years most industries across the world have had a great demand for Acrolein and this shall provide a major transformation in the growth of the market during the forecast period.

Although the production of this product is completely dependent on the availability of its raw materials the demand will still grow during the forecast period. This product is used on a large scale in different types of industries as it has many applications. The increased use of plastic products creates a greater need for the manufacturing of plastic ware due to which the demand for this product will grow rapidly in the coming years.

As this product is used in the agrochemicals industry its demand will increase during the forecast period. When it comes to the use of this product in chemical plants the need will increase as it is extensively used in the manufacturing of acrylic acid and other chemicals.

The polymers of acrylic acid are used on a large scale in the manufacturing of adhesives, coatings and emulsifiers which are consumed on a large scale in various nations across the world. As this product is used in the manufacturing of different types of chemicals and they are the largely consumed products the market revenue is expected to increase in the coming years.

This product also has extensive use in the manufacturing of diapers and sanitary pads as they happen to be super absorbing agents. The demand for this product is also expected to grow in the oilfield chemicals and have applications in water treatment plants. As the need for engineered plastics is also expected to grow in the coming years the market for Acrolein is expected to grow well.

It is also used in the manufacturing of useful compounds which are utilized in different end user industries, and these are derived with the help of this product. This product is also used in the manufacturing of paper which acts as a slimicide. For production of glycerin, this product is used in the food industry. Formaldehyde and epoxides are also manufactured with the help of this product.

It acts as an intermediate in the manufacturing of polyurethane, polyester resins, glycerol pharmaceuticals.

Acrolein Market: Segmentation Analysis

By Product Type

Based on the type of the product, Glycerol dehydration segment is expected to have the largest market share in the coming years. This segment has dominated the market in the past with the maximum share in terms of revenue and it will continue to grow well in the coming years.

The other product type is the propylene oxidation method. This product is manufactured with the use of biobased glycerol. As this is a feedstock which is alternatively used in its manufacturing as this happens to reduce the dependency on natural resources to a great extent.

As the need for this product has increased in various industries the production of biobased glycerol will also increase in order to meet the growing demands. This is expected to provide good opportunities for the growth of the revenue in the market in various countries and alternative views of biobased glycerol will provide good growth for the regions that are engaged in the manufacturing of this product but the oil resources are depleting in those regions.

By Application

Based on application, the agent used in the water treatment plants is one of the products that shall have greater use in the coming years. As the water treatment plants have increased across various regions especially in the countries of the Asia Pacific region the need for this product is expected to grow in the coming years.

Maximum revenue will be generated due to the use of this product in water treatment plants across the world. Acrolein is used in the manufacturing of pesticides, glutaraldehyde and methionine and many other such products. As the product has the property of being a biocide its use shall increase in various ways.

As it helps in preventing microbial growth and it also helps in killing unwanted plant growths in ponds, tanks, water towers and oil wells the demand for this product will grow significantly during the forecast period.

By End User

Based on the end user, the need for this product in the manufacturing of paints as well as coatings will increase in the coming years. The paints and coatings segment will provide a significant share in the coming years due to the increased use of this product in the manufacturing process.

Growing demand for these products due to rapid urbanization and increased purchasing power will create more opportunities and increase production capacities. Rapid urbanization and the increased need for housing apart from the growth in the other industries that make use of coatings for various surfaces of devices and equipment will also lead to the growth of the market during the forecast period. Maximum revenue will be generated through this industry.

Huge consumption of high quality paint by potential consumers has helped the market to record a considerable revenue. The growing polymer industry in the Asia Pacific region will play a significant role in the growth of the market during the forecast period. The production capacities have increased and the need for Acrolein will also grow. This product is also used on a large scale in the industry manufacturing of other products due to its properties.

The properties of this material play a significant role in the manufacturing of other chemicals which are used in several industries.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 1200.65 Million
Projected Market Size in 2032	USD 1288.65 Million
Market Size in 2022	USD 1186.64 Million
CAGR Growth Rate	3.4% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Application, Product Type, End User and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Regional Landscape

During the forecast period, the North American region will have the largest market share. This region has dominated the market in the past with a higher share in terms of revenue and it will continue to grow well in the coming years.

The presence of various chemical industries in the North American region has created more demand for Acrolein. The United States will show the maximum growth from the period between the years 2022 till the year 2030 as there shall be an increase in the amount of trade and exports of Acrolein in these coming years. A large amount of this product is manufactured in the United States, Western Europe and Japan.

Many nations in the European region are set to increase their production capacities in order to meet the demands of the growing needs. In recent years one of the major exporters of these products has been the United States and it shall provide good opportunities for the growth of the market in the assessment period. Significant growth will be registered in the Asia Pacific region.

One of the major exporters of this product in the Asia Pacific region is China. As the manufacturing of various plastic materials has increased across the world and has also grown in China the need for Acrolein will increase. As the market of polymers and paints is showing significant growth in the Asia Pacific region, especially in the nations like India and China the demand for Acrolein will increase.

As the manufacturing costs are less and the availability of labor is high in the southeast region of Asia, Indonesia might become one of the nations which shall provide good opportunities for the growth of the market during the forecast period.

Recent Developments

In May 2019 – Shell began manufacturing at Appomattox which is a deep-water gas and oil dealer. This is Shell’s biggest floating unit in the region of the Gulf of Mexico.

In April 2018 – A final investment plan was devised by Shell to introduce the project of veto deep water which was one of the largest projects in the region of Gulf of Mexico. This project is probably going to be one of the major steps taken by the company and will be the 11th deep water development in this particular area.

List of the prominent players in the Acrolein Market:

• Akzo Nobel N.V.
• The Dow Chemicals Company
• Shanghai Huachen Energy Company Ltd.
• The Shell Oil Company
• Others

The Acrolein Market is segmented as follows:

By Application

• Intermediates
• Water treatment agent
• Pesticide
• Methionine
• Glutaraldehyde
• Specialty chemicals
• Others

By Product Type

• propylene oxidation method
• Glycerol dehydration method

By End User

• Polymer
• Industrial manufacturing
• Coatings and paints
• Other industrial materials

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America