Acrolein Market Research Report by 2023 – 2030
Market Overview:
Acrolein market size valued at USD 1,155.93 Million in 2022 and projected to reach USD 1,496.20 Million by 2030, growing at a steady CAGR of 3.3%. Acrolein, also known as propenal, is a colorless liquid with a sharp, acrid smell. Its primary applications lie in the production of methionine, a crucial amino acid for animal feed, and as a precursor for various chemicals like glutaraldehyde used in water treatment and leather tanning.
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Acrolein Market Drivers:
- Growing demand for methionine: The rising demand for animal protein, particularly in developing economies, is driving the need for methionine-rich feed. This, in turn, fuels the acrolein market dynamics as a key raw material in methionine production.
- Versatility in chemical applications: Acrolein finds use in various other chemicals like glutaraldehyde, pesticides, and acrylic acid. This diverse range of applications opens up new market avenues for acrolein growth.
- Environmental concerns with alternatives: Stringent regulations on traditional biocides like formaldehyde are pushing the adoption of acrolein-based alternatives in water treatment and other industries.
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Acrolein Market Key Players:
The market is characterized by a mix of established global acrolein market key players and regional competitors. Some prominent players include:
- Evonik
- Arkema
- Oakwood Products, Inc
- NSI Lab Solutions
- Thermo Fisher Scientific Inc.
- Daicel
- Hubei Shengling Technology
- Hubei Jinghong Chemical
- Puyang Shenghuade Chemical
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Acrolein Market Segmentation:
- By Process:Â Glycerol Dehydration Method and Propylene Oxidation Method
- By Application:Â Methionine, Pesticide, Water Treatment Agent, and Others
- By Region:Â North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
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Acrolein Market Regional Analysis:
- Asia Pacific is the largest acrolein market, driven by the booming animal feed and water treatment industries in China and India.
- Europe and North America follow closely, with established applications in methionine production and other chemical sectors.
- Latin America and the Middle East & Africa are expected to see significant growth in the coming years due to rising demand for animal protein and infrastructure development.
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