Acrolein Market: Overview
Acrolein is an unsaturated aldehyde, colourless liquid and has a disagreeable acrid smell. It is also known as 2-propenal. Acrolein is manufactured by the catalytic reduction process with the help of petrochemical feed stocks such as propylene and glycerine.
It is primarily used as a chemical intermediate and in a specialty chemicals to produce several applications. It is one of the major key intermediate for the production of acrylic acid and methionin.
From last several years, acrolein is augmenting its importance in paints and plastic industry owing to its versatile applications.The other notable uses of Acrolein include herbicide to control submersed and floating weeds, as well as algae, in irrigation canals.
In biocide and scavenger for hydrogen sulfide and mercaptans in the oil and gas industry.
Acrolein: Market Dynamics
The global demand for acrolein is estimated to witness for a considerable transformation depending on its raw material and its diversified applications and the demand is expected to continue its dominance in the coming forecast period.
Increasing demand of engineering plastic and polymer applications is expected to drive the demand of acrolein market in the coming forecast period, followed by agrochemicals.
Oilfield chemicals will also imbibe a substantial amount of Acrolein in the scope of water treatment applications.However, some of the key challenges which can hamper the market growth are, that acrolein being carcinogenic is subject to high regulated usage in target applications.
Additionally, depletion of resources and ambiguous glycerol availability which is expected to hinder the growth of the acrolein market over the next assessment period.
As sustainable approach has been taken by various key players across the world to cope up with the problem of reducing crude oil sources estimated in the near future.
Bio-based glycerol is now gaining traction for being used as substitute feedstock to manufacturer acrolein, so as to reduce the dependency on natural resources in the coming future as well as to achieve better acrolein yield.
COVID-19 crisis impact
With the continued growth and healthy consumption of water treatment chemicals amidst COVID-19 pandemic, the acrolein market is expected to be driven mainly from its use in agrochemicals sector as well as in oilfield chemicals.
However, the demand rate will be subdued from other applications such as paints, chemical intermediates owing to both demand and supply contraction as well as presence of substitute ingredients.The recovery period is expected to be from the next 4-6 quarters.
Acrolein Market: Regional Outlook
Globally, the U.S., Japan and Western Europe are the key region of the acrolein production. Key manufacturers from the Europe are planning to expand their production capacity to manage the overall demand.
The U.S. is the key exporter of the acrolein from the last couple of years and is expected to witness a lucrative growth over the coming assessment period.
In Asia Pacific, China expected to be the key importer due to its significantly increasing plastic markets. In future, India anticipated to be next from Asia Pacific region, owing to its steadily rising polymer as well as paints markets.
Additionally, ASEAN countries such as Indonesia has huge potential for the acrolein and its allied products market in the coming future.
In the coming years, Indonesia, might have possibility to lead in the South East Asia region owing to reasonable labour availability and low manufacturing costs.
Middle East & Africa and Latin America market are anticipated to witness for potential growth for the acrolein market in the coming future, especially from countries such as GCC countries, Brazil, Turkey, Saudi Arabia South Africa, and Argentina among others.
Demand of acrolein in MEA and Latin America region is owing to rise in demand from polymer and paints & coatings industry.
Acrolein Market: Key Participants
Some of the market participants in the Acrolein market identified across the value chain:
- AkzoNobel N.V.
- Dow Chemical Company
- Shanghai Huachen Energy Company
- Sumitomo Chemicals
- Hubei Jinghong Chemical
- Balaji Amines Ltd
- United Phosphorus Limited
- Laohekou Huacheng Technology Co., Ltd
The research report on the Acrolein market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
The Acrolein market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to mentioned market segments.
The report covers exhaustive analysis on:
- Acrolein Market Segments
- Acrolein Market Dynamics
- Acrolein Market Size
- Current Trends/Issues/Challenges in the Acrolein Market
- Competition & Companies Involved in Acrolein
- New Technology for Acrolein
- Value Chain of the Acrolein Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Acrolein market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment.
The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Market dynamics in the Acrolein market
- In-depth Acrolein market segmentation
- Historical, current, and projected Acrolein market size in terms of volume and value
- Recent industry trends and developments in the global Acrolein market
- Competitive landscape
- Strategies of key players and products offered in the global Acrolein market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Acrolein market performance
- Must-have information for market players in Acrolein market to sustain and enhance their market footprint
Acrolein Market Segmentation
Acrolein market is gaining traction in the market, the market is segmented based on application and end- use industry
- Specialty Chemicals
By end use industry
- Paints & Coatings
- Industrial Manufacturing
- Other Industrial
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