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Acrolein Market Strategies, Benefits and Outlook Overview

 

Acrolein Market Research Report by 2023 – 2030

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
  • Oakwood Products, Inc
  • NSI Lab Solutions
  • Thermo Fisher Scientific Inc.
  • Daicel
  • Hubei Shengling Technology
  • Hubei Jinghong Chemical
  • Puyang Shenghuade Chemical

 

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

 

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