Global Acrolein Market Size By Production Method, By Application, By End-Use Industry, By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Acrolein Market Size And Forecast

Acrolein Market size was valued at USD 1.25 Billion in 2023 and is projected to reach USD 1.88 Billion by 2030, growing at a CAGR of 2.1% during the forecast period 2024-2030.

The Emergency Acrolein Market can be defined as the segment of the chemical industry that deals with the production, distribution, and use of acrolein in emergency situations. Acrolein, a highly reactive and volatile organic compound, is commonly used in various industrial processes, including the production of plastics, pharmaceuticals, and pesticides. In emergency scenarios such as chemical spills, fires, or accidents involving acrolein, this market encompasses the response measures, safety protocols, and risk mitigation strategies employed by industries, emergency responders, and regulatory authorities.

 

Global Acrolein Market Drivers

The market drivers for the Acrolein Market can be influenced by various factors. These may include

  • Growing End-Use Industry Demand Acrolein is used to make a number of compounds, including glutaraldehyde, glycerol, and acrylic acid, which are widely employed in the chemical manufacturing, healthcare, and agricultural industries. Acrolein is in high demand because of the growing need for these end goods.
  • Growing Need for Polyacrolein in Water Treatment Polyacrolein, a derivative of acrolein, is utilized as a flocculant and coagulant in water treatment procedures. The demand for acrolein in the water treatment industry is driven by the growing need for safe and clean water for a range of industrial and municipal uses.
  • Increasing Usage in Pesticides and HerbicidesAcrolein is utilized in the manufacturing of pesticides and herbicides, which are crucial for farming operations. The need for agrochemicals based on acrolein is anticipated to rise due to the growing worldwide population and the need to boost agricultural production, propelling the Acrolein Market.
  • Growing Need for Polyacrolein in the Paper and Pulp Sector To increase the sturdiness and robustness of paper goods, the paper and pulp sectors employ polyacrolein as a wet-strength resin. The market for acrolein is predicted to benefit from an increase in polyacrolein demand, which will coincide with the growing need for paper and paper-based products.
  • Expanding Market for Polymers Based on Acrolein Polyacrolein and poly(acrylic acid), which are utilized in textiles, adhesives, and coatings, are among the polymers made from acrolein. The market for acrolein is anticipated to be driven by the growing need for these polymers in various sectors.
  • Growing Demand from Emerging Economies As a result of their fast industrialization and urbanization, emerging economies are seeing a considerable increase in demand for acrolein. The demand for products based on acrolein is rising in these nations across a range of industries, which is propelling the market’s overall expansion.
  • Technological Developments in Production Processes These developments have resulted in increased productivity and economy of scale in the acrolein production processes, opening up access to a greater variety of sectors. In the upcoming years, it is anticipated that this aspect will propel market expansion.

Global Acrolein Market Restraints

Several factors can act as restraints or challenges for the Acrolein Market. These may include

  • Health and Environmental Risks Acrolein is a highly reactive and poisonous substance that can have negative effects on both the environment and human health. Because of worries about possible health risks and its effect on air quality, its usage is restricted in many areas.
  • Regulations Because acrolein is dangerous, governments and regulatory agencies place tight restrictions on its use, handling, and production. Manufacturers may find their operations more complex and expensive as a result of complying with these rules.
  • Health concerns for WorkersRespiratory problems, skin irritation, and eye damage are among the health concerns faced by those who produce and handle acrolein. Investing in safety equipment and training is necessary to ensure worker safety, which raises operating expenses. Acrolein’s strong flammability necessitates cautious handling and storage to avoid mishaps. This increases the expense and complexity of maintaining safety in operations involving acrolein.
  • Price Volatility Variations in the cost of raw materials, the dynamics of supply and demand, and geopolitical events can all affect the price of acrolein. This may have an effect on how profitable it is for businesses in the Acrolein Market.
  • Threats from Substitution Alternative compounds that have comparable qualities but are less hazardous or simpler to work with provide a continual threat of substitution. This may reduce the market for acrolein’s potential for growth.
  • Restricted Use Compared to other chemicals, acrylein has a comparatively narrow range of uses. It is mainly employed as an intermediary in the synthesis of other chemicals. This restricts the market’s size and room for expansion.
  • Technological Difficulties Acroléin manufacture and purification need sophisticated equipment and procedures. Overcoming technical obstacles can be expensive and time-consuming, which hinders market expansion.

Global Acrolein Market Segmentation Analysis

The Global Acrolein Market is Segmented on the basis of Production Method, Application, End-Use Industry and Geography.

Acrolein Market, By Production Method

  • Oxidation of Propylene The most common method for producing acrolein is by the oxidation of propylene using oxygen or air as the oxidizing agent.
  • Oxidation of Glycerol Acrolein can also be produced by the oxidation of glycerol, a byproduct of biodiesel production.
  • Others Other methods for producing acrolein include the dehydration of glycerol and the oxidation of other aldehydes.

Acrolein Market, By Application

  • Acrylic Acid Production Acrolein is used as a precursor in the production of acrylic acid, which is further used in the manufacture of various products such as adhesives, coatings, and superabsorbent polymers.
  • Herbicides Production Acrolein is a key ingredient in the production of herbicides, where it acts as a potent weed killer.
  • Glues and Resins Acrolein is used in the production of glues and resins, where its reactivity is utilized to form strong bonds.
  • Specialty Chemicals Acrolein is used in the production of various specialty chemicals, including pharmaceutical intermediates and fragrances.
  • Others Other applications of acrolein include its use as a biocide, in the production of fuel additives, and as a precursor in the synthesis of various organic compounds.

Acrolein Market, By End-Use Industry

  • Agriculture Acrolein is used in agriculture for the production of herbicides and as a fumigant for soil sterilization.
  • Chemicals Acrolein is used in the chemical industry as a raw material for the production of various chemicals.
  • Pharmaceuticals Acrolein is used in the pharmaceutical industry as a precursor in the synthesis of pharmaceutical intermediates.
  • Plastics Acrolein is used in the production of plastics, where its reactivity is utilized to form cross-linked polymers.
  • Others Other industries that use acrolein include the food industry, where it is used as a flavoring agent, and the automotive industry, where it is used in fuel additives.

Acrolein Market, By Geography

  • North America North America is a significant market for acrolein, driven by the presence of a strong chemical industry.
  • Europe Europe is another key market for acrolein, with countries like Germany and France being major consumers.
  • Asia Pacific The Asia Pacific region is witnessing significant growth in the Acrolein Market, driven by the rapid industrialization and growing demand for chemicals.
  • Middle East & Africa The Middle East & Africa region is also a growing market for acrolein, driven by the expanding chemical industry.
  • Latin America Latin America is a relatively smaller market for acrolein but is witnessing steady growth.

Key Players

The major players in the Acrolein Market are

  • Evonik Industries
  • Arkema
  • Daicel
  • Akzo Nobel N.V.
  • The Dow Chemical Company
  • Shanghai Huachen Energy Company Ltd.
  • The Shell Oil Company

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Evonik Industries, Arkema, Daicel, Akzo Nobel N.V., The Dow Chemical Company, The Shell Oil Company, Shanghai Huachen Energy Company Ltd.

SEGMENTS COVERED

By Production Method, By Application, By End-Use Industry, And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope.

Analyst’s Take

Hey there! The market for emergency acrolein is growing steadily. Why? Because people are becoming more aware of chemical safety and the need for emergency plans. There are also more industries using acrolein, and new technologies are being developed to help us respond to acrolein-related emergencies. Plus, there's a growing focus on protecting the environment in our chemical handling practices. However, there are some challengesmaking sure we follow all the rules, figuring out how risky acrolein is, and getting everyone on the same page when it comes to emergencies. But overall, there are great opportunities for companies to work together and come up with new ideas to make us better prepared for acrolein emergencies and keep everyone safe.

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