NEW YORK, Dec. 6, 2023 /PRNewswire/ — The acrolein market is expected to grow by USD 229.77 million from 2023 to 2028. In addition, the growth momentum of the market will progress at a CAGR of 3.71% during the forecast period, according to Technavio. Growing plastic and polymer industries are notably driving the acrolein market. However, factors such as the adverse health impact of acrolein may impede market growth. The market is segmented by application (acrylic acid, methionine, and biocides), type (propylene oxidation method and glycerol dehydration method), and geography (APAC, North America, Europe, South America, and Middle East and Africa). We provide a detailed analysis of 20 companies operating in the acrolein market including Arkema Group, Daicel Corp., Evonik Industries AG, Hubei Jinghong Chemical Co. Ltd., Hubei Shengling Technology Co. Ltd., Hubei Xinjing New Material Co. Ltd., Merck KGaA, Puyang shenghuade Chemical Co. Ltd., Wuhan Ruiji Chemical Co. Ltd., and Wuhan Youji Industries Co. Ltd.
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Acrolein Market 2024-2028: Company Analysis
Arkema Group –The company offers acrolein solutions for many common industrial chemicals, leading to an array of useful end products.
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Acrolein Market 2024-2028: Segmentation
Application
- The acrylic acid segment is estimated to witness significant growth during the forecast period. Acrylic acid is a colorless liquid with a distinctive acrid smell. Acrylic acid has a major role to play in the production of polymers and is well known for its use as plastic materials, such as plastics, paint, etc. whereas adhesives and elastomers are also produced. Moreover, acids are applied to the poles of paper, unprimed foil, metalized film, steel, iron, and glass.
- Other segments include Type (propylene oxidation method and glycerol dehydration method)
Geography
- APAC is estimated to contribute 47% to the growth of the global market during the forecast period. The acrolein market in the region has shown the same growth trend as that of packaging, automotive, construction, technical equipment, paper, and textiles. Moreover, countries such as China and India have been witnessing an increase in the pharmaceutical industry. Due to the increasing disposable income in this region, the growth of the APAC market is also being driven by a strong demand for cosmetic products.
- Other regions include North America, Europe, South America, and Middle East and Africa
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Acrolein Market 2024-2028: Key Highlights
- Historic Market Size 2018-2022
- CAGR of the market during 2024-2028
- Detailed information on factors that will assist acrolein market growth during the next five years
- Estimation of the acrolein market size and its contribution to the parent market
- Forecasts on upcoming trends and changes in consumer behavior
- The growth of the acrolein market
- Analysis of the competitive landscape and detailed information on companies
- Comprehensive details of factors that will impede the growth of acrolein market companies
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Acrolein Market Scope |
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Report Coverage |
Details |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.71% |
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Market growth 2024-2028 |
USD 229.77 million |
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Market structure |
Concentrated |
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YoY growth 2022-2023 (%) |
3.23 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 47% |
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com
SOURCE Technavio
