Acrolein Market - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Introduction

Acrolein is an unsaturated aldehyde, which is colorless to yellow in appearance and has a smell of foul, burnt fat. It is also called 2-propenal and is produced from petrochemical stocks including glycerin and propylene. Acrolein is stable at room temperature and is soluble in ethanol with a high tendency of polymerization. Acrolein is mostly used to manufacture acrylic acid along with to control plant and algae growth, paints, hydrocarbon-fuels, to kill bacteria and microorganisms in oil wells, and water treatment ponds. Acrolein is a highly electrophilic compound and a reactive one, making it highly toxic. Its manufacturing process includes two steps namely catalytic oxidation of propylene to produce acrolein and recovery of acrolein from reaction products.

Market Outlook

The global acrolein market size is expected to witness significant growth, owing to increasing demand for Methionine. For instance, Methionine holds the largest share for acrolein consumption globally, accounting for 61.51%. Moreover, the demand for plastic and agrochemical is expected to boost the global acrolein market growth. For instance, acrolein is a widely used in production of specialty chemicals such as biocide. This type of biocide finds applications in controlling algae growth in submerged or floating irrigation canals. It is also used in oil industries and drilling water wells. Moreover, increasing presence of major manufacturers around the globe is expected to drive the market growth. For instance, Evonik Industries held a dominant position in the global acrolein market with a 24.3% market share in 2016. Furthermore, the use of biobased glycerol for the production of acrolein will drive the market growth. The use of biobased glycerol has reduced the dependence on natural resources. Moreover, manufacturers are using new catalysts to get better production of acrolein.

However, acrolein production is heavily dependent on crude oil stock, which will eventually run out in the distant future. Limited crude oil feedstocks are likely to hamper the global acrolein market. Moreover, crude oil is also used in the petrochemical industry for energy production, accounting for a significant share. This has led to exhaustion of resources and fluctuations in crude oil supply, which will hinder the market growth. 

Market Regional Analysis

Currently, Japan, Europe, and the U.S. are the largest manufacturers of acrolein around the globe. Moreover, the U.S. is expected to witness significant growth in the market, owing to increasing export and trade of acrolein in the region. Moreover, importing in China of acrolein is expected to increase, owing to growing engineering plastic industry. However, Europe is expected to have a decline in the acrolein market, as its market has matured.

Market Players

Some of the major players operating in the global acrolein market include The Shell Oil Company, The Dow Chemicals, Company Shanghai Huachen Energy Company, Ltd, and Akzo Nobel N.V.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.