Global Acrolein Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Acrolein Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Acrolein, also known as 2-propenal is the simplest unsaturated aldehyde. It’s a colourless liquid and exhibits a disagreeable acrid smell. Acrolein is primarily used as an important intermediate and a specialty chemical.

One of the most widely used industrial methods of preparing Acrolein involves catalytic oxidation of propylene in presence of air. Further, there is emerging trend of usage of glycerine as alternative feedstocks for Acrolein.

Market Overview:

The latest research study on the global Acrolein market finds that the global Acrolein market reached a value of USD 1666.88 million in 2022. It’s expected that the market will achieve USD 2100.5 million by 2028, exhibiting a CAGR of 3.93% during the forecast period.

The industrial chain is affected

The influence of pneumonia epidemic in COVID-19 on Acrolein industry involves all the main links and entities in the industrial chain. Under the epidemic situation, the company's management efficiency declined, commuting was seriously hindered, production plans were seriously hindered, network expansion and marketing were delayed, brands were forced to adjust, market sales declined, and the company and employees' income was damaged.

SMEs face challenges

Pneumonia epidemic in COVID-19 has a great impact on the after-sales operation of Acrolein industry, especially on small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile.

The production cost of enterprises increases

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Strength

Because Acrolein is an important intermediate of methionine, the global demand for methionine has in turn promoted the development of Acrolein.
Animal feed dominated the methionine market with a share of more than 90% in 2018. The methionine content in natural ingredients is low. In order to meet the animal feed requirements, additional methionine has to be added as a nutritional feed additive.
The substantial growth has been supported by higher consumption of meat, milk, and eggs, which is reflected in the increased feed production in the pig and broiler industries. Owing to the increasing awareness regarding the benefits of healthy animal diet, the demand for methionine is expected to grow, during the forecast period. Thus promoting the development of the Acrolein industry.

Weakness

The process in producing Acrolein can cause health hazards to the human body. Acrolein is toxic by all exposure routes. Delayed pulmonary edema may occur after inhalation. Systemic effects may occur after exposure by any route.
In cases of severe breathing exposure, death could occur from damage to the lungs and respiratory system. Eating or drinking Acrolein can cause burns to the lips, mouth, throat, esophagus and stomach. You could throw up or have diarrhea. If Acrolein gets in the eyes, it can cause severe irritation or burns.
As Acrolein belongs to the chemical processing industry, this industry is subject to strict policy supervision. Countries around the world have issued relevant policies to supervise the production of chemicals.
For example, The Toxic Substances Control Act (TSCA or TOSCA) is a United States law, passed by the United States Congress in 1976 and administered by the United States Environmental Protection Agency (EPA), that regulates the introduction of new or already existing chemicals. Its three main objectives are to assess and regulate new commercial chemicals before they enter the market, to regulate chemicals already existing in 1976 that posed an unreasonable risk to health or to the environment, as for example PCBs, lead, mercury and radon, and to regulate these chemicals' distribution and use.

Region Overview:

Geographically, Europe held the largest market share – 37.53% in 2022.

Company Overview:

Evonik is one of the major players operating in the Acrolein market, holding a share of 24.63% in 2023.

Evonik

Evonik Industries AG manufactures specialty chemicals. The Company offers different products in the field of consumer goods, animal nutrition, and pharmaceuticals.

Adisseo

Adisseo S.A.S. produces animal nutritional additives. The Company develops and markets amino acids, vitamins, enzymes, and proteins to be used in livestock feeds.

Segmentation Overview:

Among different product types, Propylene Oxidation Method segment is anticipated to contribute the largest market share in 2028.

Propylene Oxidation Method

Acrolein is prepared industrially by oxidation of propene. The process uses air as the source of oxygen and requires metal oxides as heterogeneous catalysts:
CH2CHCH3 + O2 → CH2CHCHO + H2O.

Glycerol Dehydration Method

Acrolein can be obtained from glycerol by a dehydration reaction. Catalytic processes in gas phase have been developed to obtain Acrolein from a renewable feedstock using heterogeneous catalysts.
When glycerol is heated to 280 °C, it decomposes into Acrolein: (CH2OH)2CHOH → CH2=CHCHO + 2 H2O

Application Overview:

The market's largest segment by application is the segment Methionine, with a market share of 64.35% in 2022.

Key Companies in the global Acrolein market covered in Chapter 3:

Evonik
Shandong Xinglu Biological Technology
Adisseo
Puyang Shenghuade Chemical
Hubei Shengling Technology
Hubei Jinghong Chemical
Arkema
Wuhan Youji
Wuhan Ruiji Chemical
Hubei Xinjing New Material

In Chapter 4 and Chapter 14.2, on the basis of types, the Acrolein market from 2018 to 2029 is primarily split into:

Propylene Oxidation Method
Glycerol Dehydration Method

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Acrolein market from 2018 to 2029 covers:

Methionine
Pesticide
Glutaraldehyde
Water Treatment Agent
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)