Acrolein Market growing at a CAGR of 3.3% from 2023 to 2030

Key Market Overview

Consegic Business Intelligence analyzes that the acrolein market is predicted to grow at a compound annual growth rate of 3.3% from 2023 to 2030 and is expected to reach USD 1,496.20 million in 2030 which was valued at USD 1,155.93 million in 2022.

The report highlights the increasing adoption of acroleins in water treatment agent, which is supplementing global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the acrolein market.

Global Acrolein Market By Overview

The acrolein market is bifurcated into process and application. Based on process, the market is segmented into glycerol dehydration method and propylene oxidation method. In 2022, the glycerol dehydration method segment dominate in the overall acrolein market. 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 in the acrolein market.

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Market Dynamics

Driver:

The rising adoption of acrolein in water treatment agents is fostering market growth.
The increasing deployment of acrolein in pesticides is propelling the growth of the market.

Restraints:

Health hazards associated with acrolein are restraining the market growth.

Market Segmentation:

Report Attributes	Report Details
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

Competitive Landscape :

The market is dominated by certain major companies such as Evonik, Arkema, Daicel, and Hubei Shengling Technology which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the acrolein market is expected to witness substantial growth in the coming years due to the increasing development of new pesticide manufacturing facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.

Evonik
Arkema
Daicel
Hubei Shengling Technology
Hubei Jinghong Chemical
Puyang Shenghuade Chemical
Hubei Xinjing New Material
Oakwood Products, Inc
NSI Lab Solutions
Thermo Fisher Scientific Inc.

Global Acrolein Market growing at a CAGR of 3.3% from 2023 to 2030