Acrolein Market Segmentation:
Application Segment Analysis
The pesticide segment is estimated to gain the largest market share of about 35% in the year 2035. The growth of the segment can be accredited to the growing demand for food. The increasing global population and changing dietary habits are driving the demand for food, which is in turn driving the demand for pesticides. According to the United Nations, the world's population is projected to reach 9.7 billion by 2050, which is expected to lead to a significant increase in food demand. Farmers need to produce high crop yields to meet the growing demand for food, and pesticides play a key role in achieving this. Pesticides help to control pests, weeds, and diseases that can reduce crop yields. There is growing interest in using biopesticides, which are derived from natural sources, as an alternative to conventional pesticides. Biopesticides are considered to be safer for the environment and human health compared to conventional pesticides. Integrated pest management is an approach to pest control that combines various methods, including the use of pesticides, to manage pests in a sustainable and environmentally friendly way. The adoption of IPM is increasing globally, and this is expected to impact the demand for pesticides.
Type Segment Analysis
The propylene oxidation method segment is expected to garner a significant share of around 60% in the year 2035. The growth of the segment can be accredited to the growing 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. The propylene oxidation method is one of the most widely used methods for the production of acrolein, and the growing 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 are used in the manufacture of various types of plastics. The demand for plastics is increasing due to their versatility, durability, and low cost, and this is expected to drive the growth of the propylene oxidation method segment. The propylene oxidation method has undergone several technological advancements in recent years, which have improved the efficiency and sustainability of the process. For instance, the development of catalysts with improved selectivity and the use of renewable energy sources in the process has led to reduced environmental impact and lower production costs.
Our in-depth analysis of the global market includes the following segments:
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