Acrolein Market Overview:
Acrolein market size valued at USD 1,155.93 Million in 2022 and projected to reach USD 1,496.20 Million by 2030, growing at a steady CAGR of 3.3%. Acrolein, also known as propenal, is a colorless liquid with a sharp, acrid smell. Its primary applications lie in the production of methionine, a crucial amino acid for animal feed, and as a precursor for various chemicals like glutaraldehyde used in water treatment and leather tanning.
Acrolein Market Drivers:
Growing demand for methionine: The rising demand for animal protein, particularly in developing economies, is driving the need for methionine-rich feed. This, in turn, fuels the acrolein market dynamics as a key raw material in methionine production.
Versatility in chemical applications: Acrolein finds use in various other chemicals like glutaraldehyde, pesticides, and acrylic acid. This diverse range of applications opens up new market avenues for acrolein growth.
Environmental concerns with alternatives: Stringent regulations on traditional biocides like formaldehyde are pushing the adoption of acrolein-based alternatives in water treatment and other industries.
Acrolein Market Key Players:
The market is characterized by a mix of established global acrolein market key players and regional competitors. Some prominent players include:
Evonik, Arkema, Daicel, Hubei Shengling Technology, Hubei Jinghong Chemical, Puyang Shenghuade Chemical, Hubei Xinjing New Material, Oakwood Products, Inc, NSI Lab Solutions, and Thermo Fisher Scientific Inc.
Acrolein Market Segmentation:
By Process: Glycerol Dehydration Method and Propylene Oxidation Method
By Application: Methionine, Pesticide, Water Treatment Agent, and Others
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Acrolein Market Regional Analysis:
Asia Pacific is the largest acrolein market, driven by the booming animal feed and water treatment industries in China and India.
Europe and North America follow closely, with established applications in methionine production and other chemical sectors.
Latin America and the Middle East & Africa are expected to see significant growth in the coming years due to rising demand for animal protein and infrastructure development.
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