Global Acrolein Market – Industry Size & Forecasts 2024-2032

The global acrolein market size was worth around USD 1234.78 million in 2023 and is predicted to grow to around USD 1,653.84 million by 2032 with a compound annual growth rate (CAGR) of roughly 3.30% between 2024 and 2032.

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Growth Drivers of the Acrolein Market

Acrolein, which is also referred to as 2-propenal, is the most basic unsaturated aldehyde. Acrolein is a colorless liquid with a disagreeable acrid odor. Acrolein is synthesized from petrochemical feedstocks consisting of propylene and glycerine. Acrolein is primarily employed as a chemical specialty and as a significant medium due to its adaptability in the plastics and paint industries. One of the most frequently employed industrial methods for the production of acrolein is the catalytic oxidation of propylene in the presence of air. Furthermore, there are emerging trends in the use of glycerin and propane as alternative feedstocks for acrolein.

The acrolein market is primarily driven by the growing demand from the agrochemicals, plastics, and polymer industries. The primary ingredients in the production of intermediate preparations are acrylic acid and methionine acrolein. Emulsifiers, adhesives, and coatings are the primary applications of acrylic acid polymers. Additionally, they are employed as super-absorbing agents in hygiene pads and clothing.

Nevertheless, it is anticipated that the global acrolein market scenario will result in a substantial shift in the region’s wise economies, taking into account a few of the main issues.

Currently, the production of acrolein is contingent upon crude oil feedstocks. The primary application of these feedstocks is in the petrochemical industry. This has resulted in the price of propylene-based crude oil fluctuating, the uncertain availability of glycerol, and resource depletion, all of which are anticipated to impede the growth of the acrolein market in the years ahead.

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The Global Acrolein Market is segmented based on product, application and region

Global Acrolein Market: Product Segment Analysis

● Specialty Chemical

● Intermediate

● Others

Global Acrolein Market: Application Segment Analysis

● Plastic Industry

● Paint and Coating Industry

● Others

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The Global Acrolein market profiles key players such as:

● Shanghai Huachen Energy Company, Ltd

● Akzo Nobel N.V.

● Baker Hughes, Inc

● Evonik Corporation

● Arkema

● The Shell Oil Company

● The Dow Chemicals Company

Regional Analysis of the Acrolein Market

Among the greatest producers of acrolein are the United States, Japan, and Europe. It is anticipated that the intermediate chemicals sector will lead to accelerated growth in the U.S. export and acrolein trade in the coming years, with Europe and Japan following suit. Due to its expanding plastic industry, China is anticipated to be the primary importer. India is expected to be the next country in line, as its paint and polymer markets are constantly expanding. In nations such as Vietnam and Indonesia, the United States is the largest importer of acrolein biocides. Indonesia has the potential to dominate Southeast Asia during the forecast period due to its inexpensive labor and manufacturing costs.

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