By Process :

The process segment is categorized into glycerol dehydration method and propylene oxidation method. In 2022, the glycerol dehydration method segment accounted for the highest market share in the acrolein market. The glycerol dehydration method is a prime process utilized for the production of acrolein. The glycerol is heated in combination with potassium bisulfate or conc, phosphorus pentoxide, or sulphuric acid. This results in the initiation of the dehydration process. Additionally, the β-elimination reaction takes place to ensure superior quality of acrolein. The adoption of biobased glycerol is increasing in acrolein to reduce the reliance on natural resources. Thus, the superior quality acrolein manufactured from the glycerol dehydration method is utilized in pesticides. The leading players in the pesticides market are expanding their manufacturing base for the production of pesticides. For instance, in May 2021, PI Industries based in India that manufacturers pesticides announced the expansion of its manufacturing facility in India. Hence, due to the above benefits the deployment of glycerol dehydration method in acrolein to ensure cost efficiency. This prime factor is accelerating market growth.

However, the propylene oxidation method segment is projected to be the fastest-growing segment during the forecast period. This is due to the increasing research and development activities for the adoption of the propylene oxidation method in acrolein at the global level, which is augmenting segmental growth.

By Application :

The application segment is categorized into methionine, pesticide, water treatment agent, and others. In 2022, the water treatment agent segment accounted for the highest market share of 39.75% in the overall acrolein market. Acrolein has superior biocide properties that frequently leads to the adoption of the substance in water treatment agent. Acrolein is deployed in various water treatment agents such as cooling water towers, oil wells, water treatment ponds & tanks, and others. For illustration, in August 2021, Doosan Enpure and Bam Nuttall formed a joint venture to relocate Thames Water's sewage-treatment work in Guildford, the United Kingdom. The project involved the demolition of the existing facility to construct a new facility on the site. It also includes the construction of facilities to perform the four stages of water treatment. The project is scheduled to be completed in early 2026. Therefore, the development of new wastewater treatment plants is boosting the demand for water treatment agents to ensure superior cleaning properties. Thus, the adoption of acrolein is increasing to eliminate harmful substances from liquids to remove harmful substances from liquids, which, in turn, is fostering market growth.

However, the pesticide segment is expected to be the fastest-growing segment during the forecast period. This growth is attributed to factors such as increasing investment in new pesticide manufacturing facilities, increasing production activities, and others.

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By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

In 2022, North America accounted for the highest market share at 35.05% and was valued at USD 405.15 million, and is expected to reach USD 527.56 million in 2030. In North America, the U.S. accounted for the highest market share of 62.25% during the base year of 2022. The key trends such as the development of new wastewater treatment plants, increasing adoption of pesticides, and others are promoting the demand for products such as pesticides, water treatment agents, and others in the North American region. Thus, the rise in the utilization of acrolein in various applications such as pesticides, water treatment agents, and others is accelerating the market growth in the North American region.

Furthermore, Asia Pacific is expected to witness significant growth over the forecast period, growing at a CAGR of 3.9% during 2023-20230. This is due to the growth in the deployment of the products such as pesticides, water treatment agents, and others in the Asia Pacific region. For instance, according to the United States Department of Agriculture, in 2020, the Asia Pacific food crop production was about 998.8 million metric tons and in 2021 it was about 1,026.7 million metric tons, depicting an increase of about 2.8%. Furthermore, India's largest wastewater treatment plant named Okhla Waste Water Treatment Plant is projected to be operational by the end of the 3rd quarter of 2023.