Acrolein Market Size

Acrolein Market size was over USD 8.54 Billion in 2023 and is anticipated to reach USD 19.84 Billion by 2036, growing at around 6.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of acrolein is assessed at USD 9.08 Billion. The market growth is mainly owing to the increasing demand for acrolein in the production of various chemicals, particularly in the Asia-Pacific region. Additionally, the growing demand for biocides and herbicides is also expected to drive the demand for acrolein in the coming years. The global industry for herbicides was valued at nearly USD 25 billion in the year 2020. Overall, the growing 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, concerns about the toxic nature of acrolein and the increasing regulatory scrutiny could potentially limit its use in these applications.

In addition to this, according to the Food and Agriculture Organization (FAO) of the United Nations, herbicides account for about 60% of global pesticide use. Herbicide-resistant weeds have become a growing problem in many parts of the world, particularly in countries where herbicide use is high. These weeds have developed genetic mutations that allow them to survive exposure to herbicides, which can lead to reduced crop yields and increased costs for farmers. According to a 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 used primarily as an intermediate in the production of a range of chemicals, including acrylic acid, methionine, and glutaraldehyde. Acrolein is also used as a biocide, a herbicide, and a fumigant.