Allyl Chloride Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics

Allyl Chloride Market Overview:

Allyl chloride is an organochlorine compound. It is primarily converted to epichlorohydrin, which is used in the production of plastics. Epichlorohydrin production is the primary source of allyl chloride demand. Allyl chloride is converted into epichlorohydrin via epoxidation or by reacting allyl chloride with hydrochloric acid. Allyl chloride is also used to make allyl alcohol, allyl isothiocyanates, allylamine, and allyl silane.

 

Allyl Chloride is also used as an alkylating agent in the production of various chemical compounds. Allyl chloride is a flammable compound that is toxic to humans in nature. The rising demand for epoxy resins, which are primarily made from epichlorohydrin, is driving allyl chloride demand from epichlorohydrin production.

 

 

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Allyl Chloride Market Dynamics:

Allyl Chloride Market Drivers:

• Demand for allyl chloride is being driven by rising demand for polymers, plastics, and other chemicals from countries such as China, India, and other emerging economies in the region.
• As an alkylating agent, allyl chloride is in high demand in the pharmaceutical and pesticide industries. With its increasing uses as a raw material and alkylating agent, the global chemical industry is driving the allyl chloride market.
• Epoxy is a significant polymer with rising demand in the plastics, paints and coatings, and composites markets. Increasing trends in these end-use markets are expected to boost allyl chloride demand during the forecast period.
• The expansion of the pharmaceutical industry is also increasing demand for ally chloride as an alkylating agent. Even during the COVID-19 pandemic, demand for pharmaceutical products has increased significantly. Pharmaceutical is one of the few industries that has benefited from COVID-19. As per a report published by India Ratings and Research, India's pharmaceutical sector is expected to grow by 3% to 5% in FY 2021 compared to FY 2020. The global pharmaceutical industry was valued at $1.11 trillion in 2018 and is expected to grow due to increased demand for COVID-19 drugs and vaccines around the world. With the increase in revenue of major global pharmaceutical companies such as Pfizer Inc., Johnson & Johnson, and Dr. Reddy Laboratories is estimated to help in expansion and new product development. Thus, the usage of allyl chloride as alkylating agent is estimated to increase in the forecasted period (2024-2030) owing to growth in the pharmaceutical industry.

• Allyl chloride is a key component in the manufacture of water treatment chemicals. Water pollution is a problem in countries such as India and China. In 2016, the Indian government launched the Namami Gange project to clean up India's polluted rivers. The government has set aside US$105 million for the Namami Gange project from 2020 to 2021. This is expected to increase demand for allyl chloride in the country by increasing consumption of water and sewage treatment chemicals.

 

Allyl Chloride Market Restrains:

• Rising pricing trends in global markets have been observed in recent years, with rising demand for allyl chloride. This has significantly increased the value of the allyl chloride market in recent years.
• Rising regulations on hazardous chemicals may act as a barrier to the growth of the allyl chloride market. Because allyl chloride is a flammable compound, regulations governing the use and handling of flammable chemicals may pose a significant challenge to allyl chloride manufacturers and users.
• The toxic nature of allyl chloride also poses a significant challenge to maintaining occupational safety in industries that manufacture and use allyl chloride.

 

Allyl Chloride Market Segment Analysis:

The Allyl Chloride Market can be segmented by End Users and by Applications.

 

By End Users, the Allyl Chloride market can be segmented into Pharmaceuticals, Pesticides, Plastics and Others.

 

 

Pharmaceutical and Plastics segment is estimated to hold a large share in the End User segment owing to the ever growing demand.

 

By Application, the Allyl Chloride Market can be segmented into Epichlorohydrin, Glycidyl Ether, Allyl Amine, Water Treatment Chemicals, Allyl Sulfonate, and Others.

 

Epichlorohydrin is estimated to dominate the global allyl chloride market's application segment, as it is used to manufacture epoxy resins, surfactants, and flame retardants, among other things. The allyl chloride market share growth by the epichlorohydrin segment will be significant during the forecast period. The demand is generated mainly from the automotive, construction, and household segments. Epoxy resins manufactured from epichlorohydrin have superior properties, which include toughness, resistance to moisture and chemicals, high tensile strength, and good dielectric properties. Such factors are expected to boost the demand for allyl chloride from producing during the forecast period (2024-2030).

 

Allyl Chloride Market Regional Insights:

Regionally the Allyl Chloride Market can be segmented into Asia Pacific, North America, South America, Europe, and Middle East & Africa.

 

Asia Pacific - Asia-Pacific region represents the largest share in the Allyl Chloride market and is further estimated to be the fastest-growing market over the forecast period (2024-2030) owing to the consumption and demand from countries such as China, India, and Japan. As per estimate, close to 69% of the growth will originate from APAC for the Global allyl chloride market.

• India consumed $44 of plastics and rubber per capita in 2020, meanwhile China increased its consumption from $86 per capita in 2005 to $459 per capita in 2020.
• In the Indian market, polymer consumption and GDP by the polymer industry increased by 10.4 percent and 8 percent, respectively.
• Rising demand for polymers, plastics, and other chemicals in China, India, and other emerging Asian markets is driving allyl chloride demand from the chemical, pharmaceutical, and polymer industries.
• China and India are the key markets for the allyl chloride market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Because of the aforementioned factors, the Asia Pacific region's demand for allyl chloride is expected to rise during the forecast period (2024-2030).

 

North America - In recent years, North America has lagged behind Asia Pacific in terms of allyl chloride demand. However, the Asia Pacific market is growing at a much faster rate than the North American market.           

 

Europe – In terms of demand, European comes after North America in the global allyl chloride market. European region has shown a slow growth in the allyl chloride consumption in the recent past.

 

South America and Middle East & Africa – South America and the Middle East & Africa accounted for a minor share of the global allyl chloride market, but significant growth in allyl chloride demand from the Middle East and Africa region is expected during the forecast period (2024-2030). Diversification of the Middle East economy and favourable conditions in emerging African countries are expected to boost demand for allyl chloride market in the forecasted period.

 

The objective of the Allyl Chloride Market report is to present a comprehensive analysis of the Allyl Chloride market to all the stakeholders in the industry. The market report provides trends that are most dominant in the Allyl Chloride market and how these trends will influence new business investments and market development throughout the forecast period (2024-2030). The report also aids in the comprehension of the Allyl Chloride Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Allyl Chloride market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Allyl Chloride market. The allyl chloride market report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Allyl Chloride market.

 

 

The Allyl Chloride Market report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Allyl Chloride market. The report also analyses if the Allyl Chloride market is easy for a new player to gain a foothold in the Allyl Chloride market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.

 

The Allyl Chloride Market report includes a PESTEL Analysis, which aids in the development of company strategies. Political variables aids in figuring out how much a government in the region can influence the Allyl Chloride market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Allyl Chloride market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Allyl Chloride market is aided by legal factors.

 

Allyl Chloride Market Scope:

Allyl Chloride Market
Market Size in 2023	USD 1.98 Bn.
Market Size in 2030	USD 2.69 Bn.
CAGR (2024-2030)	4.45%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Application Epichlorohydrin Glycidyl Ether Allyl Amine Water Treatment Chemicals, Allyl Sulfonate Others
	By End User Pharmaceuticals Pesticides Plastics Others
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Allyl Chloride Market Key Players

• Dow DuPont (USA)
• Osaka Soda (Japan)
• Sumitomo Chemicals (Japan)
• Solvay (Belgium)
• INOVYN (UK)
• Oilin (USA)
• Gelest (USA)
• Hexion (USA)
• Chemical Corp Pvt Ltd (Japan)
• AccuStandard (USA)
• SIELC Technologies (USA)
• W.W. Grainger, Inc. (USA)