A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Acrolein
Market. The
study, titled “Acrolein
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024”,
is available for sale on the firm’s website.
Acrolein,
also known as 2-propenal is the simplest unsaturated aldehyde. It’s
a colourless liquid and exhibits a disagreeable acrid smell..
Acrolein is manufactured from petrochemical feedstocks such as
propylene and glycerine. Acrolein is primarily used as an important
intermediate and a specialty chemical. Acrolein is rapidly gaining
importance due to its versatile use in plastic and paint industries.
One of the most widely used industrial methods of preparing acrolein
involves catalytic oxidation of propylene in presence of air.
Further, there is emerging trend of usage of glycerine and propane as
alternative feedstocks for acrolein. The global demand for acrolein
markets are estimated to show a considerable transformation depending
on its raw material requirements and its ultimate uses. The U.S. and
Asia Pacific regions are estimated to lead the acrolein market by
2020.
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Market Research Report @
Few
of the key drivers affecting the acrolein markets demand are
engineering plastic and polymer industries, followed by
agrochemicals. Acrolein is majorly used as a key intermediate to
prepare acrylic acid and methionin. Acrylic acid polymers are largely
consumed in preparation of emulsifiers, coatings and adhesives.
Moreover, they are also used as super-absorbing agents in diapers and
hygienic pads. Direct use of acrolein is employed as a specialty
chemical such as a biocide. This acrolein based biocide is used to
control algal growth, submerged and floating weeds in irrigation
canals. It is also used as biocide, in oil industries in drilling
waters, as well as, a scavenger for hydrogen sulfide and mercaptants.
However,
taking some key challenges in mind, the global scenario for acrolein
market is estimated to show a considerable change in the region wise
economies accordingly. Acrolein production is currently dependent on
the crude oil feedstocks. These feedstocks are not only used in
energy production but, also in the petrochemical industry.. This has
resulted in fluctuations in crude oil based propylene prices,
uncertain glycerol availability and depletion of resources which are
expected to hinder the growth of the acrolein market over the next
few years.
Sustainable
approach is being taken by various regions to cope up with the
problem of depleting crude oil sources estimated in the near future.
Biobased glycerol is now being used as an alternative feedstock to
produce acrolein, so as to minimize the dependency on natural
resources. In addition, use of new catalysts is done to achieve
better acrolein yields. Thus, biobased glycerol and catalyst markets
are expected to improve during the forecast period, which can be
considered as an opportunity for the regions with depleting oil
sources.
In
terms of global demand, the U.S., Europe and Japan are at present the
largest producers of Acrolein. Considering the intermediate chemicals
sector, the U.S. is estimated to show a fast growth over the coming
years, in terms of export and trade of acrolein, followed by Europe
and Japan. China will be the leading importer owing to its constantly
growing plastic markets. India, will be next in line from Asia
Pacific region, due to its steadily rising paints and polymer
markets. The U.S. is the largest importer of acrolein biocide, while
the rest of Asia Pacific countries such as Indonesia, Vietnam have
potential biocide markets. Indonesia, might lead in the South East
Asia region due to low labour and manufacturing costs. Over the
forecasted period, Europe is slated to show an overall decline as it
has a matured market. Rest of the World is anticipated to show
potential growth for the acrolein market, especially from countries
such as Brazil, Saudi Arabia and Argentina among others. Demand in
this region is owing to rise in demand from paints & coatings and
polymer industry.
Get
accurate market forecast and analysis on the Acrolein Market. Request
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Some
of the major players across the globe are Akzo Nobel N.V., The Dow
Chemicals Company, Shanghai Huachen Energy Company, Ltd. and The
Shell Oil Company.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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Us
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