ACROLEIN MARKET ANALYSIS

Acrolein MarketSize and Trends

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.