Acrolein Market

Acrolein Market Size, Share, Trends, Growth, and Industry Analysis, By Production Method (Oxidation of Glycerol, Oxidation of Propylene, and Others), By Application (Herbicides Production, Glues and Resins, Acrylic Acid Production, Specialty Chemicals, and Others), By End-Use Industry (Pharmaceuticals, Agriculture, Chemicals, Plastics, and Others), By Sales Channel (Offline and Online), Regional Analysis and Forecast 2032.

Chemical & Material | April 2024 | Report ID: EMR00826 | Pages: 252

Global Acrolein market size was USD 1,669.76 million in 2023 and the market is projected to touch USD 2,103.68 million by 2032, at a CAGR of 2.6% during the forecast period.

Acrolein, known for its strong smell and combustible properties, is utilized in multiple sectors such as agriculture, healthcare, and chemical production. Its adaptability makes it an essential element in creating different compounds, playing a significant role in the expansion of industries globally.

The global acrolein market has been experiencing steady growth in recent years, driven by rising demand from key industries like polymer manufacturing, herbicides, and pharmaceuticals. Factors like rapid industrialization, technological innovations, and increased research and development efforts have also contributed to this growth. Even with obstacles like environmental issues and regulatory limitations, the market is expected to keep growing with the help of innovation and sustainable practices. This will allow it to meet industry demands while also following environmental rules and safety guidelines.

 

Global Acrolein report scope and segmentation.

Report Attribute

Details

Estimated Market Value (2023)

USD 1,669.76 Million

Projected Market Value (2032)

USD 2,103.68 Million

Base Year

2023

Forecast Years

2024 – 2032

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Based on By Production Method, By Application, By End-Use Industry, By Sales Channel, & Region.

Segments Covered

By Production Method, By Application, By End-Use Industry, By Sales Channel, & By Region.

Forecast Units

Value (USD Million or Billion), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2024 to 2032.

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others.

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Acrolein dynamics

The global acrolein market is influenced by various factors such as supply and demand dynamics, technological advancements, regulations, and economic trends. One of the main drivers of market growth is the growing demand from industries like agriculture, healthcare, and chemical manufacturing. The use of acrolein as a precursor in the production of chemicals like acrylic acid and glycerol is also contributing to market expansion. Factors like population growth, urbanization, and changing consumer preferences also play a role in influencing the market for products derived from acrolein.

However, the acrolein market is currently facing challenges due to stringent environmental regulations and health concerns related to its use. Regulatory agencies around the world are implementing tougher guidelines on emissions and levels of exposure to acrolein, prompting companies to focus on implementing eco-friendly practices and safety precautions in their production processes. In addition, fluctuations in the prices of raw materials, particularly propylene a crucial ingredient in the production of acrolein, are also impacting the market. Even though there are hurdles, the market is still pushing for progress. Companies are actively working on creating sustainable practices and implementing new technologies to reduce environmental harm and meet regulatory standards.

 

Global Acrolein drivers

  • Increasing Demand from End-User Industries

The demand for acrolein in the global market is rising due to its use in various industries such as agriculture, healthcare, and chemical manufacturing. Acrolein is an essential component in the production of herbicides, pharmaceuticals, and polymers.

The increasing global population and urbanization are leading to a higher demand for agricultural products and pharmaceuticals, which in turn drives the need for acrolein. Moreover, the growth of the chemical manufacturing industry, especially in developing countries, is also fuelling the demand for acrolein.

  • Technological Advancements

The advancement of technology is crucial for the growth of the acrolein market. Ongoing research and development have resulted in more efficient production processes that help cut costs and lessen environmental harm. With the help of advanced technologies, manufacturers can produce acrolein in a more environmentally friendly manner by using alternative materials and reducing emissions. Additionally, technological progress in downstream applications like creating new polymers and pharmaceuticals from acrolein create opportunities for market expansion.

 

Restraints:

  • Stringent Environmental Regulations

One of the main challenges for the acrolein market is the stringent environmental regulations in place. Acrolein is a highly reactive compound that can be harmful to health, prompting governing bodies to set tough emission limits and workplace exposure guidelines. Adhering to these rules involves investing in pollution control and safety measures, which raises production expenses for companies. Additionally, the reputation risks associated with acrolein emissions deter market expansion.

  • Volatility in Raw Material Prices

The acrolein market is influenced by changes in the prices of raw materials, specifically propylene, which is essential for producing acrolein. Fluctuations in propylene prices due to fluctuations in crude oil prices and supply-demand dynamics can result in price volatility, affecting the profitability of acrolein manufacturers. The instability in raw material prices makes it difficult for companies to predict production costs accurately and remain competitive in the market, hindering market growth.

 

Opportunities:

  • Rising Adoption of Bio-based Acrolein

The rise in sustainability and environmental awareness is creating a big opportunity for the acrolein market. The use of bio-based acrolein, made from renewable sources like glycerol or bioethanol, is an eco-friendlier option compared to traditional petroleum-based acrolein. Bio-based acrolein helps reduce dependence on fossil fuels and minimizes environmental harm, which can benefit manufacturers in regions with stringent environmental laws and appeal to consumers seeking eco-conscious products.

 

Segment Overview

  • By Production Method

By production method, the acrolein market is segmented into glycerol or propylene, with other methods contributing to a smaller portion of the market. The production of acrolein from glycerol and propylene is done primarily through two methods, each with their own benefits in terms of cost, efficiency, and environmental impact. Glycerol oxidation is a sustainable way to produce bio-based acrolein, while propylene oxidation is favoured for its existing infrastructure and higher output.

  • By Application

By Application, the acrolein market is segmented into herbicides production, glues and resins, acrylic acid production, specialty chemicals, and others. The production of herbicides is a major use for acrolein, as there is a rising need for agricultural products and efficient weed control solutions. Acrolein is also important in making glues and resins due to its reactive and sticky properties. Its versatility is evident in its role in acrylic acid production and specialty chemicals, making it a valuable component in the chemical manufacturing industry.

  • By End-Use Industry

By end-use, the acrolein market is segmented into pharmaceuticals, agriculture, chemicals, plastics, and others, reflecting its broad market reach and indispensable role in various sectors. Acrolein is used in pharmaceuticals to create key ingredients for medications across various therapeutic areas. It is also essential in agriculture for herbicides that protect crops and manage weeds, boosting agricultural output. Additionally, acrolein is utilized in the chemicals and plastics sectors to produce a wide range of chemicals, polymers, and plasticizers to meet various industrial demands.

  • By Sales Channel

By Sales channels, the acrolein market is segmented into offline and online channels, providing customers with flexibility and convenience in procurement. Offline sales channels include traditional distribution networks, direct sales, and retail outlets, catering to customers' immediate needs and preferences. In contrast, purchasing products online provides customers with easy access and convenience, as they can browse acrolein items from various suppliers on digital platforms. Both traditional physical stores and online stores work together to ensure that acrolein products are widely available and efficiently distributed to customers in different locations.

 

Global Acrolein Overview by Region

The global acrolein market exhibits a diverse regional landscape, with key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe hold significant market shares, driven by established chemical manufacturing industries and stringent environmental regulations promoting sustainable production practices.

In these regions, increasing demand from end-user industries such as pharmaceuticals, agriculture, and chemicals further fuels market growth. The Asia Pacific region is experiencing significant growth, due to the rapid industrialization, urbanization, and expanding agricultural activities in countries like China, India, and Southeast Asian nations. Government initiatives promoting industrial growth and investment in infrastructure development are also contributing to the increasing demand for acrolein in the region. Latin America, the Middle East, and Africa also offer growth opportunities due to the growing chemical manufacturing sectors and the adoption of agricultural technologies.

 

 

Global Acrolein market competitive landscape

Companies such as Dow Chemical Company, Evonik Industries AG, and Arkema SA dominate the market with their extensive product portfolios and strong distribution networks. These players invest significantly in research and development to introduce advanced production technologies and develop sustainable acrolein derivatives to meet evolving consumer demands and regulatory requirements. Moreover, strategic collaborations with raw material suppliers and downstream industries enhance market penetration and ensure a steady supply chain. Additionally, emerging players are entering the market, intensifying competition through aggressive pricing strategies and product differentiation.

Key Players:

  • Dow Chemical Company
  • Evonik Industries AG
  • Arkema SA
  • Sumitomo Chemical Co., Ltd.
  • BASF SE
  • Mitsubishi Chemical Corporation
  • Wacker Chemie AG
  • Merck KGaA
  • China Petroleum & Chemical Corporation (Sinopec)
  • Formosa Plastics Corporation
  • INEOS Group Holdings S.A.
  • Sasol Limited
  • LG Chem Ltd.
  • The Shell Oil Company
  • Kaneka Corporation

 

Global Acrolein Recent Developments

  • Nov 2022, Arkema unveiled a noteworthy development in its distinctive sustainable portfolio. Leveraging these monomers, Arkema can now deliver tailored acrylic additives and resins featuring certified bio-attributions for diverse applications.

 

Scope of global Acrolein report

Global Acrolein report segmentation

ATTRIBUTE

DETAILS

By Production Method

  • Oxidation of Propylene
  • Oxidation of Glycerol
  • Others

By Application

  • Acrylic Acid Production
  • Herbicides Production
  • Glues and Resins
  • Specialty Chemicals
  • Others

By End-Use Industry

  • Agriculture
  • Chemicals
  • Pharmaceuticals
  • Plastics
  • Others

By Sales Channel

  • Offline
  • Online

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Acrolein size and forecast: To identify and estimate the market size for global Acrolein market segmented By Production Method, By Application, By End-Use Industry, By Sales Channel, and by region. Also, to understand the consumption/ demand created by consumers between 2024 and 2032.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for global Acrolein
  • Market Influencing Factors: To find out the factors which are affecting the market of global Acrolein among consumers.
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

Global Acrolein forecast period is 2024 - 2032.
According to global Acrolein research, the market is expected to grow at a CAGR of ~ 2.6% over the next eight years.
The possible segments in global Acrolein are based on By Production Method, By Application, By End-Use Industry, By Sales Channel, & by region.
The expected market size for Global Acrolein is USD 2,103.68 million in 2032.
The major players in the market are Dow Chemical Company, Evonik Industries AG, Arkema SA, Sumitomo Chemical Co., Ltd., BASF SE, Mitsubishi Chemical Corporation, Wacker Chemie AG, Merck KGaA, China Petroleum & Chemical Corporation (Sinopec), Formosa Plastics Corporation, INEOS Group Holdings S.A., Sasol Limited, LG Chem Ltd., The Shell Oil Company, and Kaneka Corporation.
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