High demand for polymer and plastic from various end-user industries is accelerating market growth of the acrolein

Acrolein is a colorless liquid that is produced from petrochemical feedstock such as propylene and glycerine. It is basically used as a key ingredient and specialty chemical in the production of plastic, acrylic acid, and methionine. Acrylic acid is further used in the production of coatings, emulsifiers, and adhesives. Moreover, acrolein based biocide is widely used to kill the growth of algal floating weeds in the agriculture industry. Biocides are broadly used across oil &gas, drilling waters, etc.

The growing demand for acrolein from plastic and polymer industries, agrochemicals, and water treatment plants is fueling the market growth of acrolein. It is majorly used in the manufacturing of acrylic acid to control the algae and plant growth used to destroy or kill bacteria in the water treatment plant. Moreover, it is also used in oil wells for preventing the growth of bacteria. High demand for acrylic acid polymers for the production of emulsifiers, coatings, and adhesives is also expected to augment the market growth. Moreover, the growing demand for acrylic acid polymers from super-absorbing agents in diapers and hygienic pads is again anticipated to foster market growth. Thus rise in awareness regarding personal care hygiene will further favor the market growth of acrolein.

The Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the high demand for polymers from the construction industry. Thus rise in the construction industry in the region is projected to propel the market growth of the acrolein. According to the India Brand Equity Foundation, in 2019, the sector witnessed seven mergers and acquisition (M&A) deals worth US$ 1,461 million.The Asia Pacific is expected to gain significant growth over the forecast period and this is attributed to the high demand for polymers from the construction industry. Thus rise in the construction industry in the region is projected to propel the market growth of the acrolein. According to the India Brand Equity Foundation, in 2019, the sector witnessed seven mergers and acquisition (M&A) deals worth US$ 1,461 million.

Akzo Nobel N.V., The Dow Chemicals Company, Shanghai Huachen Energy Company, Ltd. and The Shell Oil Company are key major players in the global Acrolein market.




 

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