Acrolein Market Size, Share, Growth & Analysis 2032

Acrolein Market Outlook

According to the report by Expert Market Research (EMR), the global acrolein market size reached a value of USD 1,177.82 million in 2023. Aided by escalating demand across various end-user sectors and robust market drivers, the market is projected to further grow at a CAGR of 4.50% between 2024 and 2032 to reach a value of USD 1,750.35 million by 2032.

Acrolein, a highly reactive and flammable liquid with a pungent odour, holds a pivotal position in the chemical sector owing to its versatile applications across diverse sectors. One of the primary drivers fuelling the growth of the acrolein market is its extensive utilisation in the production of acrylic acid, a key precursor in the manufacture of various polymers and resins. Acrylic acid finds wide-ranging applications in sectors such as automotive, construction, electronics, and textiles, thereby fostering a sustained demand for acrolein as a feedstock.

Moreover, the burgeoning demand for acrylic polymers and derivatives in the construction and automotive sectors, driven by rapid urbanisation and infrastructural development, further amplifies the demand for acrolein. Acrylic polymers, renowned for their durability, weather resistance, and aesthetic appeal, are extensively utilised in coatings, adhesives, sealants, and paints, thereby bolstering the consumption of acrolein in manufacturing processes and consequently driving up the acrolein market share.

Furthermore, the pharmaceutical sector emerges as a prominent consumer of acrolein, leveraging its unique chemical properties for the synthesis of pharmaceutical intermediates and active pharmaceutical ingredients (APIs). Acrolein serves as a key building block in the production of pharmaceutical compounds, including amino acids, vitamins, and anti-inflammatory drugs, thereby sustaining robust demand from the pharmaceutical sector, leading to acrolein market growth.

In addition to its pivotal role in chemical synthesis, acrolein finds widespread application as a biocide and disinfectant in water treatment and healthcare sectors. Owing to its potent antimicrobial properties, acrolein-based formulations are employed for sterilisation, sanitation, and preservation purposes in healthcare facilities, laboratories, and industrial settings, driving incremental demand for acrolein-based products.

The acrolein market is witnessing a paradigm shift driven by technological advancements and innovative product developments. With a growing emphasis on sustainable and eco-friendly solutions, manufacturers are increasingly focusing on the development of bio-based acrolein derived from renewable feedstocks such as glycerol and plant oils. Bio-based acrolein not only offers a sustainable alternative to petroleum-derived counterparts but also boasts lower carbon emissions and reduced environmental footprint, aligning with global sustainability goals and regulatory mandates.

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Moreover, the advent of advanced catalytic processes and green chemistry methodologies has revolutionized the production of acrolein, enabling manufacturers to achieve higher yields, enhanced process efficiencies, and reduced energy consumption. Catalytic oxidation processes employing novel catalysts and reaction conditions are garnering significant attention, offering cost-effective and environmentally benign routes for acrolein synthesis.

As per the acrolein market analysis, Asia Pacific stands as the leading consumer and producer of acrolein, driven by robust industrialisation, urbanisation, and infrastructural development in key economies such as China, India, and Southeast Asian countries. The region’s burgeoning automotive, construction, and electronics sectors, coupled with growing investments in chemical manufacturing infrastructure, contribute to the significant demand for acrolein in Asia Pacific.

North America and Europe also command substantial market shares, owing to the presence of established chemical manufacturing industries, stringent regulatory frameworks, and a strong emphasis on sustainability and environmental stewardship. With increasing investments in research and development activities and a growing focus on product innovation, these regions are poised to witness steady growth in the acrolein market.

Acrolein Market Segmentation

The market can be divided based on the product type, application, and region

Market Breakup by Product Type

Propylene Oxidation Method
Glycerol Dehydration Method

Market Breakup by Application

Glutaraldehyde
Biocides
Pesticide
Methionine
Water Treatment Agent
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global acrolein market. Some of the major players explored in the report by Expert Market Research are as follows: