Acrolein Market Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
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Acrolein is an unsaturated aldehyde with a terrible, burnt fat odour and a colourless to yellow look. It's also known as 2-propenal, and it's made from petrochemicals like glycerin and propylene. At room temperature, acrolein is stable, and it is soluble in ethanol with a high polymerization tendency. Acrylic acid is made from acrolein, which is also used to regulate plant and algae development, paints, hydrocarbon fuels, and to destroy bacteria and microorganisms in oil wells and wastewater treatment ponds. Acrolein is a highly electrophilic and reactive chemical that is extremely poisonous. Its production technique consists of two steps: catalytic oxidation of propylene to produce acrolein and acrolein recovery from reaction products.
Market Outlook
Because of
the rising demand for Methionine, the worldwide
acrolein market is predicted to increase significantly. Methionine, for
example, has the highest global proportion of acrolein consumption, accounting
for 61.51 percent. Furthermore, the worldwide acrolein market is predicted to
develop due to increased demand for plastic and agrochemicals. Acrolein, for
example, is commonly utilised in the creation of speciality chemicals like
biocide. This form of biocide is used to keep algae from growing in submerged
or floating irrigation canals. It's also utilised in the oil industry and for
water well drilling. Furthermore, the market is predicted to develop due to the
increasing presence of significant manufacturers around the world. In 2016,
Evonik Industries, for example, dominated the global acrolein market with a
24.3 percent market share. In addition, the utilisation of biobased glycerol
for acrolein manufacturing will propel the industry forward. Biobased glycerol
has helped to lessen reliance on natural resources. Furthermore, new catalysts
are being used by manufacturers to improve acrolein production.
Market Regional Analysis
Japan,
Europe, and the United States are currently the world's major producers of
acrolein. Furthermore, due to increased acrolein export and commerce in the
region, the United States is likely to see considerable market expansion.
Furthermore, due to the increasing engineering plastics industry in China,
acrolein imports are likely to increase. The acrolein market in Europe, on the
other hand, is likely to diminish as the market matures.
Market Players
The Shell
Oil Company, Dow Chemicals, Shanghai Huachen Energy Company, Ltd, and Akzo
Nobel N.V. are some of the prominent competitors in the worldwide acrolein
market.
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