Acrolein Market size to grow by USD 229.77 million from 2023 to 2028, Arkema Group, Daicel Corp., Evonik Industries AG, and more among key companies – Technavio

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 2018-2022CAGR of the market during 2024-2028Detailed information on factors that will assist acrolein market growth during the next five yearsEstimation of the acrolein market size and its contribution to the parent marketForecasts on upcoming trends and changes in consumer behaviorThe growth of the acrolein marketAnalysis of the competitive landscape and detailed information on companiesComprehensive details of factors that will impede the growth of acrolein market companies

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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.

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SOURCE Technavio