As per Intent Market Research, the Acrolein Market was valued at USD 1.1 billion and will surpass USD 1.4 billion by 2030; growing at a CAGR of 3.6% during 2024 - 2030.
The global acrolein market has witnessed significant growth, driven by its versatile applications across various industries. Acrolein, a highly reactive aldehyde, is predominantly used as an intermediate in chemical manufacturing, particularly in producing methionine and other derivatives. Its growing demand across agriculture, pharmaceuticals, and water treatment sectors highlights its importance as a critical raw material. As industries prioritize efficiency and innovation, the acrolein market is poised for sustained growth.
Catalytic Oxidation Segment is Largest Owing to Efficiency and Cost-Effectiveness
Among production methods, catalytic oxidation stands as the largest segment, underpinned by its widespread industrial adoption and economic viability. This process involves the oxidation of propylene, delivering high yields of acrolein with relatively low environmental impact. Catalytic oxidation has been extensively integrated into large-scale production facilities due to its scalability and alignment with stringent environmental regulations.
The segment's dominance is attributed to its ability to meet the demands of downstream industries, particularly in chemical manufacturing and agrochemicals. Companies leveraging catalytic oxidation are focusing on refining technologies to enhance yield and minimize waste, ensuring the method remains competitive against emerging alternatives.
Agrochemicals Segment is Fastest Growing Due to Rising Agricultural Demands
Within applications, the agrochemicals segment is the fastest-growing, driven by the escalating need for effective pest control solutions and fertilizers. Acrolein is a key component in the production of herbicides and biocides, addressing challenges in weed management and crop protection. The increasing emphasis on sustainable farming practices has further propelled the demand for acrolein-based agrochemical solutions.
The growth of this segment is amplified by global population growth and the consequent need to enhance agricultural productivity. Companies are investing in research to develop innovative formulations that maximize efficacy while adhering to environmental and safety standards.
Chemical Manufacturing Segment is Largest Owing to Versatile Applications
In the end-user domain, the chemical manufacturing sector emerges as the largest segment, driven by the critical role acrolein plays as an intermediate. The compound is a precursor to various chemicals, including methionine, a vital additive in animal feed, and glutaraldehyde, used in disinfectants and tanning agents. The robust demand for these derivatives in industries ranging from pharmaceuticals to textiles underscores the significance of acrolein in chemical manufacturing.
The segment's growth is further supported by advancements in production technologies and the expanding global footprint of chemical industries. Manufacturers are focusing on optimizing supply chains and enhancing product quality to maintain their competitive edge in this segment.
Asia-Pacific is Fastest Growing Region Due to Industrial Expansion
Geographically, the Asia-Pacific region is the fastest-growing market for acrolein, fueled by rapid industrialization, urbanization, and agricultural expansion. Countries like China and India are at the forefront, with robust demand from their thriving chemical and agricultural sectors. The region's emphasis on infrastructure development and the increasing adoption of advanced technologies further contribute to market growth.
Additionally, government initiatives supporting industrial growth and sustainable practices have created a conducive environment for acrolein production and application. This regional growth is expected to remain strong, bolstered by continuous investments and rising domestic consumption.
Competitive Landscape and Key Players
The acrolein market features a competitive landscape with leading players such as Evonik Industries, Arkema Group, Dow Inc., and Adisseo actively shaping the industry dynamics. These companies focus on strategic initiatives such as mergers, acquisitions, and technological advancements to consolidate their market positions.
Innovation and sustainability remain central to competition, with firms investing in eco-friendly production methods and expanding their product portfolios. The presence of regional and global players ensures a dynamic and competitive market environment, fostering continuous growth and innovation.
Recent Developments:
- Evonik Industries AG announced its investment in advanced bio-based production technologies for acrolein.
- Dow Inc. introduced a new acrolein-based product line for water treatment applications.
- Arkema S.A. acquired a specialty chemical company to expand its acrolein derivatives portfolio.
- Mitsubishi Chemical Corporation received regulatory approval for a new acrolein production facility in Japan.
- BASF SE launched a sustainable acrolein derivative for use in agrochemicals.
List of Leading Companies:
- Evonik Industries AG
- Arkema S.A.
- Dow Inc.
- Mitsubishi Chemical Corporation
- Hubei Shengling Technology Co., Ltd.
- Shanghai Huayi Fine Chemical Co., Ltd.
- Daicel Corporation
- Shandong Xinhua Pharmaceutical Co., Ltd.
- Sanofi
- Jilin Zhongxin Chemical Group Co., Ltd.
- BASF SE
- Akzo Nobel N.V.
- Adisseo France S.A.S.
- LyondellBasell Industries
- Celanese Corporation
Report Scope:
Report Features |
Description |
Market Size (2023) |
USD 1.1 billion |
Forecasted Value (2030) |
USD 1.4 billion |
CAGR (2024 – 2030) |
3.6% |
Base Year for Estimation |
2023 |
Historic Year |
2022 |
Forecast Period |
2024 – 2030 |
Report Coverage |
Market Forecast, Market Dynamics, Competitive Landscape, Recent Developments |
Segments Covered |
Acrolein Market By Production Method (Catalytic Oxidation, Biological Processes, Glycerol Dehydration), By Application (Industrial Chemicals, Water Treatment, Agrochemicals, Pharmaceuticals), By End-User (Agriculture, Pharmaceutical, Chemical Manufacturing, Water Treatment Facilities) |
Regional Analysis |
North America (US, Canada, Mexico), Europe (Germany, France, UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Australia, India, and Rest of Asia-Pacific), Latin America (Brazil, Argentina, and Rest of Latin America), Middle East & Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) |
Major Companies |
Evonik Industries AG, Arkema S.A., Dow Inc., Mitsubishi Chemical Corporation, Hubei Shengling Technology Co., Ltd., Shanghai Huayi Fine Chemical Co., Ltd., Daicel Corporation, Shandong Xinhua Pharmaceutical Co., Ltd., Sanofi, Jilin Zhongxin Chemical Group Co., Ltd., BASF SE, Akzo Nobel N.V., Adisseo France S.A.S., LyondellBasell Industries, Celanese Corporation |
Customization Scope |
Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements |
1. Introduction |
1.1. Market Definition |
1.2. Scope of the Study |
1.3. Research Assumptions |
1.4. Study Limitations |
2. Research Methodology |
2.1. Research Approach |
2.1.1. Top-Down Method |
2.1.2. Bottom-Up Method |
2.1.3. Factor Impact Analysis |
2.2. Insights & Data Collection Process |
2.2.1. Secondary Research |
2.2.2. Primary Research |
2.3. Data Mining Process |
2.3.1. Data Analysis |
2.3.2. Data Validation and Revalidation |
2.3.3. Data Triangulation |
3. Executive Summary |
3.1. Major Markets & Segments |
3.2. Highest Growing Regions and Respective Countries |
3.3. Impact of Growth Drivers & Inhibitors |
3.4. Regulatory Overview by Country |
4. Acrolein Market, by Production Method (Market Size & Forecast: USD Million, 2022 – 2030) |
4.1. Catalytic Oxidation |
4.2. Biological Processes |
4.3. Glycerol Dehydration |
4.4. Others |
5. Acrolein Market, by Application (Market Size & Forecast: USD Million, 2022 – 2030) |
5.1. Industrial Chemicals |
5.2. Water Treatment |
5.3. Agrochemicals |
5.4. Pharmaceuticals |
5.5. Others |
6. Acrolein Market, by End-User (Market Size & Forecast: USD Million, 2022 – 2030) |
6.1. Agriculture |
6.2. Pharmaceutical |
6.3. Chemical Manufacturing |
6.4. Water Treatment Facilities |
6.5. Others |
7. Regional Analysis (Market Size & Forecast: USD Million, 2022 – 2030) |
7.1. Regional Overview |
7.2. North America |
7.2.1. Regional Trends & Growth Drivers |
7.2.2. Barriers & Challenges |
7.2.3. Opportunities |
7.2.4. Factor Impact Analysis |
7.2.5. Technology Trends |
7.2.6. North America Acrolein Market, by Production Method |
7.2.7. North America Acrolein Market, by Application |
7.2.8. North America Acrolein Market, by End-User |
7.2.9. By Country |
7.2.9.1. US |
7.2.9.1.1. US Acrolein Market, by Production Method |
7.2.9.1.2. US Acrolein Market, by Application |
7.2.9.1.3. US Acrolein Market, by End-User |
7.2.9.2. Canada |
7.2.9.3. Mexico |
*Similar segmentation will be provided for each region and country |
7.3. Europe |
7.4. Asia-Pacific |
7.5. Latin America |
7.6. Middle East & Africa |
8. Competitive Landscape |
8.1. Overview of the Key Players |
8.2. Competitive Ecosystem |
8.2.1. Level of Fragmentation |
8.2.2. Market Consolidation |
8.2.3. Product Innovation |
8.3. Company Share Analysis |
8.4. Company Benchmarking Matrix |
8.4.1. Strategic Overview |
8.4.2. Product Innovations |
8.5. Start-up Ecosystem |
8.6. Strategic Competitive Insights/ Customer Imperatives |
8.7. ESG Matrix/ Sustainability Matrix |
8.8. Manufacturing Network |
8.8.1. Locations |
8.8.2. Supply Chain and Logistics |
8.8.3. Product Flexibility/Customization |
8.8.4. Digital Transformation and Connectivity |
8.8.5. Environmental and Regulatory Compliance |
8.9. Technology Readiness Level Matrix |
8.10. Technology Maturity Curve |
8.11. Buying Criteria |
9. Company Profiles |
9.1. Evonik Industries AG |
9.1.1. Company Overview |
9.1.2. Company Financials |
9.1.3. Product/Service Portfolio |
9.1.4. Recent Developments |
9.1.5. IMR Analysis |
*Similar information will be provided for other companies |
9.2. Arkema S.A. |
9.3. Dow Inc. |
9.4. Mitsubishi Chemical Corporation |
9.5. Hubei Shengling Technology Co., Ltd. |
9.6. Shanghai Huayi Fine Chemical Co., Ltd. |
9.7. Daicel Corporation |
9.8. Shandong Xinhua Pharmaceutical Co., Ltd. |
9.9. Sanofi |
9.10. Jilin Zhongxin Chemical Group Co., Ltd. |
9.11. BASF SE |
9.12. Akzo Nobel N.V. |
9.13. Adisseo France S.A.S. |
9.14. LyondellBasell Industries |
9.15. Celanese Corporation |
10. Appendix |
A comprehensive market research approach was employed to gather and analyze data on the Acrolein Market. In the process, the analysis was also done to analyze the parent market and relevant adjacencies to measure the impact of them on the Acrolein Market. The research methodology encompassed both secondary and primary research techniques, ensuring the accuracy and credibility of the findings.
Secondary Research
Secondary research involved a thorough review of pertinent industry reports, journals, articles, and publications. Additionally, annual reports, press releases, and investor presentations of industry players were scrutinized to gain insights into their market positioning and strategies.
Primary Research
Primary research involved conducting in-depth interviews with industry experts, stakeholders, and market participants across the E-Waste Management ecosystem. The primary research objectives included:
- Validating findings and assumptions derived from secondary research
- Gathering qualitative and quantitative data on market trends, drivers, and challenges
- Understanding the demand-side dynamics, encompassing end-users, component manufacturers, facility providers, and service providers
- Assessing the supply-side landscape, including technological advancements and recent developments
Market Size Assessment
A combination of top-down and bottom-up approaches was utilized to analyze the overall size of the Acrolein Market. These methods were also employed to assess the size of various subsegments within the market. The market size assessment methodology encompassed the following steps:
- Identification of key industry players and relevant revenues through extensive secondary research
- Determination of the industry's supply chain and market size, in terms of value, through primary and secondary research processes
- Calculation of percentage shares, splits, and breakdowns using secondary sources and verification through primary sources
Data Triangulation
To ensure the accuracy and reliability of the market size, data triangulation was implemented. This involved cross-referencing data from various sources, including demand and supply side factors, market trends, and expert opinions. Additionally, top-down and bottom-up approaches were employed to validate the market size assessment.
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