Acrolein Market Size Worth USD 2.68 Billion in 2032 | Emergen Research

The global acrolein market size was USD 1.93 Billion in 2022 and is expected to register a rapid revenue CAGR of 3.30% during the forecast period. The global market for acrolein is experiencing substantial growth, driven by increasing demand in chemical production and water treatment applications. Acrolein, a clear or yellow chemical substance, finds extensive use in various industries owing to its versatile properties.

Market Drivers

The surge in demand for acrolein stems from its vital role in the production of chemicals such as polyester resins, Polyurethanes (PU), and herbicides. With the chemical industry being a significant energy consumer, acrolein plays a crucial part in various processes, contributing to the sector's growth.

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Moreover, the need for biocides and herbicides, essential for controlling harmful organisms and unwanted plant growth, respectively, further propels the market forward. Notable industry developments, such as Lanxess's acquisition of Emerald Kalama Chemical and Albaugh's launch of Maxtron 4SC herbicide, underscore the market's dynamism.

Market Restraints

Despite its utility, concerns regarding health risks associated with acrolein present a challenge to market expansion. Inhalation or contact with acrolein can lead to respiratory distress, pulmonary edema, and skin irritation, highlighting the importance of stringent safety measures in its handling and use.

Segment Insights

Process Type:

The market is segmented into glycerol dehydration and propylene oxidation methods. The glycerol dehydration method dominates the market, driven by its application in herbicides and antimicrobials. Conversely, the propylene oxidation method shows promise, particularly in the production of acrolein and acrylic acid.

Application: Acrolein finds applications in methionine production, pesticides, water treatment, and more. The water treatment segment holds a significant market share, owing to the need for effective solutions in controlling underwater plant and algae growth. Conversely, the pesticide segment exhibits rapid growth, driven by acrolein's efficacy in combating various pests and microorganisms.

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Acrolein Top Companies and Competitive Landscape

The global acrolein market is fragmented, with several key players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new products and solutions.

Some major players included in the global acrolein market report are:

• Evonik
• Arkema
• Dow
• Daicel Corporation
• Hubei Shengling Technology Co., Ltd.
• AccuStandard
• Oakwood Products, Inc.
• Merck KGaA
• ThermoFisher
• Spex CertiPrep
• Carbon Scientific
• XIAMEN EQUATION CHEMICAL CO., LTD

Acrolein Latest Industry News

• On 7 August 2023, Adisseo announced the construction of a new powder methionine plant in Fujian province in China. The total investment made by the company is valued at USD 681 million and is expected to be operational in 2027. The plant will be located adjacent to the sister company SinoChem, which will help in optimizing capital investment and operating cost, hence it will also increase the global production capacity.

• On 1February 2023, Evonik announced to expand its German plant that produces Methylmercapto-Propionaldehyde (MMP), an organic compound that is integral in the production of DL-methionine. The company invested USD 27.3 million in the plant in Wesseling, Germany to strengthen its methionine production network.

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Acrolein Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global acrolein market on the basis of process type, application, and region:

• Process Outlook (Revenue, USD Billion; 2019-2032)
o Glycerol Dehydration method
o Propylene Oxidation Method
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Methionine
o Pesticide
o Water Treatment Agent
o Others
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa

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