The acrolein market size is expected to grow at a CAGR of ~7% during the forecast period (i.e., 2023-2035) to generate a revenue of ~USD 25 billion by the end of 2035. The market also generated a revenue of ~USD 8 billion in 2022. The market growth is primarily due to the increasing demand for acrolein in the production of various chemicals in the Asia Pacific region. Additionally, the increasing demand for biocides and herbicides is expected to drive the demand for acrolein in the coming years. The global herbicide industry was valued at nearly USD 25 billion in 2020. Overall, the increasing demand for biocides and herbicides is expected to drive the demand for acrolein, which is used as a key intermediate in the production of these chemicals. However, increasing concerns over the toxicity of acrolein and regulatory scrutiny may potentially limit its use in these applications.
In addition, herbicides account for about 60% of global pesticide use, according to the Food and Agriculture Organization of the United Nations (FAO). Herbicide-resistant weeds are a growing problem in many parts of the world, especially in countries where herbicides are used heavily. These weeds can develop genetic mutations that allow them to survive exposure to herbicides, reducing crop yields and increasing costs for farmers. According to the report, the United States is the largest consumer of herbicides, accounting for about 25% of global consumption. Other major consumers include Brazil, Argentina, China, and India. Acrolein is a highly reactive and toxic organic compound that is primarily used as an intermediate in the production of various chemicals, including methionine acrylate and glutaraldehyde. Acrolein is also used as a biocidal herbicide and fumigant.
Growth drivers
challenge
assignment
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Base year |
2022 |
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Forecast year |
2023-2035 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ US$8 billion |
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Forecast Year Market Size (2035) |
~ US$25 billion |
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Area coverage |
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The global acrolein market is segmented and analyzed by demand and supply, based on applications such as glutaraldehyde pesticides, water treatment agents, etc. Among the four types of applications, the pesticides segment is expected to gain the largest market share of ~35% in 2035. The growth of this segment may contribute to the increasing demand for food. The growing global population and changing dietary habits are driving the demand for food, which in turn is driving the demand for pesticides. According to the United Nations, the world population is expected to reach 9.7 billion by 2050, which is expected to lead to a significant increase in the demand for food. Farmers need to produce high crop yields to meet the growing demand for food, and pesticides play a vital role in achieving this. Pesticides help control pests, weeds, and diseases that can reduce crop yields. There is growing interest in using biopesticides derived from natural resources as an alternative to conventional pesticides. Biopesticides are considered safer for the environment and human health compared to conventional pesticides. Integrated Pest Management is a pest control approach that combines a variety of methods, including the use of pesticides, to manage pests in a sustainable and environmentally friendly manner. The adoption of IPM is increasing worldwide and this is expected to impact pesticide demand.
The global acrolein market is also segmented and analyzed by type, demand and supply, into propylene oxidation and glycerol dehydration. Among these two segments, the propylene oxidation segment is expected to account for a significant share of ~60% by 2035. The growth of this segment may contribute to the increasing demand for acrylic acid. Acrolein is an important intermediate in the production of acrylic acid, which is used in a wide range of applications such as adhesives, coatings, and textiles. Propylene oxidation is one of the most widely used methods for the production of acrolein, and the increasing demand for acrylic acid is expected to drive the growth of this segment. Acrolein is used in the production of several plasticizers, such as glycidyl methacrylate, which is used in the manufacturing of various types of plastics. The demand for plastics is increasing due to its versatility, durability, and low cost, which is expected to drive the growth of the propylene oxidation segment. The propylene oxidation process has undergone several technological advancements in recent years, which have improved the efficiency and sustainability of the process. For example, the development of catalysts with enhanced selectivity and the use of renewable energy sources in the process have contributed to reducing the environmental impact and lowering the production costs.
The in-depth analysis of the global acrolein market includes the following segments:
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By type |
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By application |
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Acrolein in the Asia Pacific region is expected to account for the largest market share of ~35% by the end of 2035 among all other regions. The regional growth can be primarily attributed to the increasing demand for personal care products. Acrolein is used in the production of several cosmetic and personal care products such as perfumes, lotions, and shampoos. The increasing demand for personal care products in the region is expected to drive the demand for acrolein. Asia Pacific is the world’s largest consumer of personal care products, accounting for more than 30% of the global consumption. Asia Pacific is home to the world’s largest agricultural producers such as China and India. Acrolein is used as a pesticide in agriculture to control pest weeds and diseases that can reduce crop yields. The increasing demand for agricultural products in the region is expected to drive the demand for acrolein. Asia Pacific has witnessed significant technological advancements in recent years, especially in the chemical manufacturing sector. Development of innovative processes for acrolein production such as use of renewable energy sources and development of new catalysts are expected to drive the growth of acrolein in the region.
The acrolein market in North America is expected to account for the second largest share of ~24% among all other regions during the forecast period. The market growth in the region can be primarily attributed to the increasing demand for plasticizers. Acrolein is a key intermediate in the production of plasticizers, which are widely used in the manufacturing of plastics. The demand for plasticizers is increasing in North America due to the growth of industries such as automotive construction and packaging. This is expected to drive the demand for acrolein in the region. Acrolein is used in the production of several personal care and cosmetic products such as shampoos, lotions, and perfumes. The demand for these products is increasing in North America due to the increasing focus on personal care and hygiene. This is expected to drive the demand for acrolein in the region. Acrolein is widely used as a key ingredient in the production of herbicides and pesticides, which are widely used in agriculture to control pests and weeds. The demand for these products is increasing in North America due to the growth of the agricultural industry. This is expected to drive the demand for acrolein in the region.
Also, acrolein in the Europe region is expected to account for the majority share among all other regions by the end of 2035. The growth of the market can be primarily attributed to technological advancements. There are several major chemical companies in Europe that are investing heavily in R&D to develop innovative processes for the production of acrolein. The development of new and more efficient processes, such as the use of renewable energy sources, is expected to drive the growth of the acrolein market in the region. Europe has some of the world’s strictest regulations on the use of chemicals in various industries. These regulations aim to ensure the safety and health of workers and consumers. The demand for acrolein is expected to increase in Europe as companies adhere to these regulations and adopt safer and more sustainable production methods. Acrolein is widely used as a key ingredient in the production of herbicides and pesticides that are widely used in agriculture to control pests and weeds. The demand for these products is increasing in Europe due to the growing agricultural industry. This is expected to drive the demand for acrolein in the region.
저자 크레딧: Rajrani Baghel
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