Global Acrolein Market to Reach USD 1,496.20 Million by 2030 | CAGR of 3.3%
Category : Materials And Chemicals | Published Date : Oct 2024 | Type : Press Release
Acrolein Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Acrolein Market size was valued at USD 1,155.93 Million in 2022 and is projected to reach USD 1,496.20 Million by 2030, growing at a CAGR of 3.3% from 2023 to 2030. Acrolein is a colorless, acrid-smelling liquid produced primarily via glycerol dehydration and propylene oxidation. Due to its biocidal properties, acrolein is utilized in various applications, including methionine production, pesticide formulation, and as a water treatment agent to control microbial growth.
The report comprises the Acrolein Market Share, Size & Industry Analysis, By Process (Glycerol Dehydration Method, Propylene Oxidation Method), Application (Methionine, Pesticide, Water Treatment Agent, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Acrolein Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
The rising adoption of acrolein in water treatment applications and increased usage in pesticide production are major drivers of market growth. Additionally, development of new methionine plants is creating growth opportunities.
Segmental Analysis :
Based on process, the market is segmented into glycerol dehydration method and propylene oxidation method.
- Glycerol dehydration method accounted for the highest share in 2022, driven by the growing preference for bio-based acrolein, which enhances the cost-efficiency of acrolein production.
- Propylene oxidation method is anticipated to grow rapidly due to increased R&D for enhancing acrolein yield and production quality.
Based on application, the market is categorized into methionine, pesticide, water treatment agent, and others.
- Water treatment agent held the largest market share in 2022, owing to acrolein's effectiveness in controlling microbial growth in industrial and agricultural water systems.
- Pesticide applications are expected to grow the fastest due to rising global food demand, necessitating effective crop protection solutions.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America led the market in 2022, driven by high demand for water treatment and pesticide solutions, particularly in the U.S.
- Asia-Pacific is expected to grow rapidly due to increasing agricultural activities and water treatment initiatives in China and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 1,496.20 Million |
| CAGR (2024-2031) | 3.3% |
| By Process | Glycerol Dehydration Method, Propylene Oxidation Method |
| By Application | Methionine, Pesticide, Water Treatment Agent, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Acrolein Industry:
- Evonik
- Arkema
- Daicel
- Hubei Shengling Technology
- Hubei Jinghong Chemical
- Puyang Shenghuade Chemical
- Hubei Xinjing New Material
- Oakwood Products, Inc
- NSI Lab Solutions
- Thermo Fisher Scientific Inc.
Recent Industry Developments :
- In August 2022, Spex acquired NSI Lab Solutions, expanding its product portfolio to include acrolein and certified reference materials (CRMs) for broader market coverage.
- In January 2023, Evonik invested EUR 25 million in Germany for the upgradation of methionine intermediate plants, which will increase acrolein demand as a primary component.
