In 2023’s first quarter, acrolein prices in Asia were influenced by propylene market shifts, initially rising due to increased production momentum post-COVID restrictions, but then dropping due to falling crude oil costs and manufacturing shutdowns. The downward trend deepened in June due to weak downstream industries and ongoing crude oil price decline, driven by sluggish demand and economic slowdown in the Asia Pacific region. In Europe, acrolein prices initially rose due to higher feedstock costs but fell afterward due to imports, reduced orders, and economic challenges. North America faced similar challenges, with falling oil and energy prices, low consumer confidence, and financial sector impacts all contributing to declining acrolein prices.
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Definition
Acrolein is a volatile organic compound with the chemical formula C3H4O. It is a highly reactive, colorless to yellowish liquid with a pungent, suffocating odor. It is used in the production of acrylic acid and as a biocide. Acrolein is known for its role in air pollution and tobacco smoke, contributing to respiratory issues. It can polymerize easily and is highly flammable. Exposure to acrolein can lead to irritation of the eyes, nose, throat, and lungs.
Key Details About the Acrolein Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Acrolein in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Acrolein Price chart, including India Acrolein price, USA Acrolein price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Acrolein Price Trend:
The Acrolein finds diverse industrial applications. It serves as a precursor in the production of acrylic acid and its derivatives, vital for manufacturing superabsorbent polymers, coatings, and adhesives. Additionally, acrolein is used in the synthesis of methionine, an tnt essential amino acid for animal feed. Its biocidal properties make it useful for treating water and inhibiting growth of algae and bacteria. Acrolein is involved in the production of glycerin, a component in various products like cosmetics and food. Furthermore, it serves as a chemical intermediate in creating compounds used in pharmaceuticals, fragrances, and dyes, showcasing its versatility in multiple industrial sectors.
Key Players:
- Evonil Industries GmbH
- Hubei Shengling Technology Co Ltd
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