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Global Acrolein Market Size, Share, Growth, Trends, Price, Forecast: By Product Type: Propylene Oxidation Method, Glycerol Dehydration Method; By Application: Glutaraldehyde, Biocides, Pesticide, Methionine, Water Treatment Agent, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028
Global Acrolein Market Outlook
The global acrolein market size reached approximately USD 1127.1 million in 2022. The market is projected to grow at a CAGR of 4.50% between 2023 and 2028, reaching a value of around USD 1467.78 million by 2028.
Key Trends in the Market
Acrolein is a clear or yellow chemical substance or molecule that has a pungent smell. It is an unsaturated aldehyde and is classified as a highly hazardous substance. This chemical is generated naturally in the environment through the combustion of organic materials, such as fossil fuels, wood, and tobacco. It is also produced as a byproduct of various industrial processes, including the production of plastics, rubber, and chemicals.
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- Acrolein is a vital intermediate chemical used in the production of various downstream chemicals, including acrylic acid, methionine, glutaraldehyde, and glycerol. The increasing demand for these chemicals from different end-use sectors, such as automotive, construction, healthcare, and consumer goods, contributes significantly to the acrolein market growth.
- Acrolein is widely used as a biocide in water treatment to control the growth of algae, bacteria, and other microorganisms. The need for efficient and effective water treatment methods to maintain water quality in sectors such as power generation, oil and gas, and municipal water treatment systems drives the demand for acrolein.
- Environmental concerns and the increasing adoption of sustainable practices have led to the emergence of bio-based raw materials and processes for acrolein production. Companies are also exploring renewable feedstocks and developing bio-based routes to produce acrolein, which can help reduce the environmental footprint and dependence on fossil fuel-derived acrolein.
Market Analysis
Based on product type, the market is bifurcated into the propylene oxidation method and glycerol dehydration method. On the basis of application, the market can be segmented into glutaraldehyde, biocides, pesticide, methionine, and water treatment agent, among others. The major regional markets for acrolein are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global acrolein market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Daicel Corporation
- Hubei Jinghong Chemical Co., Ltd
- Evonik Industries AG
- Merck KGaA
- Puyang ShengHuaDe Chemical Co.,Ltd.
- Hubei Shengling Technology Co., Ltd.
- Hubei Xinjing New Material Co. Ltd
- Others
Market Share by Product Type
The glycerol dehydration method is expected to account for a sizable portion of the global acrolein market share as it is used to produce acrolein from glycerol. The method is considered sustainable as glycerol is derived from renewable sources such as vegetable oils, animal fats, or waste streams.
By utilising glycerol as a feedstock for acrolein production, this method actively contributes to the utilisation of renewable resources and aligns with the principles of sustainability.
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Market Share by Region
North America is likely to hold a leading position in the market. The United States is anticipated to hold a sizable portion of the market, which can be attributed to the flourishing industrial sector. The United States is also one of the largest importers of acrolein biocide.
In addition, acrolein is also considered an important chemical for controlling germs and bacteria in oil wells, liquid hydrocarbon fuels, and water treatment ponds, which further enhances the acrolein market value.
Competitive Landscape
Daicel Corporation is a prominent Japanese chemical company known for its expertise in manufacturing and advancing high-performance materials and industrial products. The company was founded in 1919 as the first producer of celluloid in Japan. Since its foundation, the company has significantly diversified its product portfolio, focusing on the development of cutting-edge materials and technologies across various industries.
Merck KGaA, also known as Merck, is a German multinational pharmaceutical, chemical, and life sciences company. It is one of the oldest pharmaceutical and chemical companies in the world, with a history dating back to 1668. The company has research and development centres, manufacturing facilities, and sales offices worldwide.
Evonik Industries AG, a globally operating German speciality chemicals company, was established in 2007 through the merger of Degussa AG and the speciality chemicals division of the RAG Group. Renowned for its extensive array of inventive products and solutions, Evonik caters to diverse industries.
The company specialises in the development and production of advanced materials for diverse sectors, including automotive, electronics, and healthcare. Evonik’s product portfolio also includes polymer materials, high-performance plastics, and composite materials.
Other market players include Hubei Jinghong Chemical Co., Ltd, Puyang ShengHuaDe Chemical Co.,Ltd., Hubei Shengling Technology Co., Ltd., and Hubei Xinjing New Material Co. Ltd, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Acrolein Market Analysis
8.1 Key Industry Highlights
8.2 Global Acrolein Historical Market (2018-2022)
8.3 Global Acrolein Market Forecast (2023-2028)
8.4 Global Acrolein Market by Product Type
8.4.1 Propylene Oxidation Method
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Glycerol Dehydration Method
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Acrolein Market by Application
8.5.1 Glutaraldehyde
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Biocides
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Pesticide
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Methionine
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Water Treatment Agent
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Acrolein Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Acrolein Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Acrolein Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Acrolein Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Acrolein Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Acrolein Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Daicel Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Hubei Jinghong Chemical Co., Ltd
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Evonik Industries AG
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Merck KGaA
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Puyang ShengHuaDe Chemical Co.,Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Hubei Shengling Technology Co., Ltd.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Hubei Xinjing New Material Co. Ltd.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Acrolein Market: Key Industry Highlights, 2018 and 2028
2. Global Acrolein Historical Market: Breakup by Product Type (USD Million), 2018-2022
3. Global Acrolein Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4. Global Acrolein Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Acrolein Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Acrolein Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Acrolein Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Acrolein Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Acrolein Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Acrolein Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Acrolein Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Acrolein Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Acrolein Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Acrolein Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Acrolein Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Acrolein Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Acrolein Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Acrolein Market Structure
Key Questions Answered in the Report
In 2022, the market reached an approximate value of USD 1127.1 million.
The market is projected to grow at a CAGR of 4.50% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach around USD 1467.78 billion by 2028.
The major drivers of the market are the increasing demand for downstream chemicals produced from acrolein and the increasing applications of acrolein in a wide array of sectors.
The market is being guided by the rising utilisation of acrolein in water treatment facilities and the introduction of bio-based alternatives for acrolein production.
The major regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major product types considered in the market report are the propylene oxidation method and the glycerol dehydration method.
The key players in the global acrolein market include Daicel Corporation, Hubei Jinghong Chemical Co., Ltd, Evonik Industries AG, Merck KGaA, Puyang ShengHuaDe Chemical Co.,Ltd., Hubei Shengling Technology Co., Ltd., and Hubei Xinjing New Material Co. Ltd, among others.
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