Skip to main content

Acrolein Market Growth Factors, Challenges, Benefits and Opportunities

 Acrolein Market Research Report by 2023 – 2030

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.

Contact us:

Consegic Business intelligence Pvt Ltd.

Contact no: (US) (505) 715-4344

Email: sales@consegicbusinessintelligence.com

Other Report’s:

Industrial Alcohol Market

Graphene Market

Power Transformer Market

LiDAR Market

Biomaterials Market

Set-Top Box Market

DevOps Market

Digital Power Utility Market

Multi-Cloud Management Market

Regenerative Medicine Market

 

 

Labels:

Comments

Post a Comment

Popular posts from this blog

Online Banking Market Share, Pricing and Investment Opportunities - 2031

  Online Banking Market Research Report by 2031 Overview: Online Banking: Revolutionizing the Way We Bank Online banking, also known as internet banking or digital banking, enables customers to conduct financial transactions electronically through a bank's website or mobile app.  Online Banking technology  has revolutionized the banking industry by providing convenience, efficiency, and security. This market is driven by factors such as increasing internet penetration, rising smartphone usage, and a growing preference for digital services. Market Drivers: Fueling the Growth of Online Banking Several factors are driving the growth of the online banking market: Increasing internet penetration: The widespread adoption of the internet and smartphones has made online banking accessible to a larger population. Rising consumer demand for convenience: Consumers are increasingly seeking convenient and efficient ways to manage their finances. Enhanced security features: Banks are investing i
Post a Comment
Read more

Recyclable Packaging Market Competitive Analysis, Outlook Overview and Industry Research Report

  Recyclable Packaging Market Research Report Market Overview The  recyclable packaging market  is experiencing significant growth due to increasing environmental concerns, stringent regulations, and growing consumer awareness. As consumers become more conscious of sustainability, they are demanding eco-friendly packaging solutions. This shift in consumer preferences, coupled with government initiatives to reduce plastic pollution, is driving the adoption of recyclable packaging materials. Key Factors Contributing to Market Growth Rising Environmental Concerns: Growing awareness of climate change and plastic pollution is driving the demand for sustainable packaging solutions. Stricter Environmental Regulations: Governments worldwide are imposing stricter regulations on plastic packaging, encouraging the adoption of recyclable materials. Consumer Preference for Sustainable Products: Consumers are increasingly choosing products with eco-friendly packaging, influencing brand decisions. Te
Post a Comment
Read more

Portable Scanner Market Competitive Analysis, Outlook Overview and Industry Research Report

  Portable Scanner Market Research Report by 2031 Overview: Portable Scanners Portable scanners are compact devices designed to scan documents, photos, and other paper-based materials. They are widely used in various applications, including business, education, and personal use. The  portable scanner market  is driven by factors such as increasing digitization, remote work, and the need for efficient document management. Market Drivers: Fueling the Growth of the Portable Scanner Market Several factors are driving the growth of the portable scanner market: Increasing digitization: The shift towards digital documents and paperless offices is driving the demand for portable scanners. Remote work and flexible workspaces: The rise of remote work and flexible workspaces has increased the need for portable scanning solutions. Advancements in scanner technology: Improvements in scanner  technology , such as increased resolution and faster scanning speeds, are making portable scanners more effi
Post a Comment
Read more