Global Allyl Chloride Market Size To Exceed USD 6.31 Billion by 2033: Industry Report

Global Allyl Chloride Market Size To Exceed USD 6.31 Billion by 2033    

According to a research report published by Spherical Insights & Consulting, The Global Allyl Chloride Market Size is Expected to Grow from USD 3.35 Billion in 2023 to USD 6.31 Billion by 2033, at a CAGR of 6.54% during the forecast period 2023-2033. 

Browse 210 Market Data Tables and 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Allyl Chloride Market Size, Share, and COVID-19 Impact Analysis, By Application (Allyl Amines, Allyl Sulfonates, Epichlorohydrin, Glycidyl Ether, Water Treatment Chemicals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The allyl chloride market consists of the global demand and supply of allyl chloride. Allyl chloride is a chemical intermediate employed in several industries for the production of polymers, resins, pesticides, adhesives, and flame retardants. The demand for epoxy resins and related products is driven by rapid industrialization and infrastructure development in emerging economies, which is where the industry's growth is most apparent. A rise in vertical integration among large manufacturers, who are concentrating on strengthening their supply chains for raw materials and increasing production efficiency, is also influencing the industry's landscape. Furthermore, this is because of its discovered applications in various industries and fields, the allyl chloride market is expanding and moving forward. It is a necessary chemical used in the pharmaceutical industry, and the market for allyl chloride has benefited recently as the world fights a deadly virus. In addition, allyl chloride is utilized in the production of pesticides, plastic materials, and other chemicals.  However, rising costs, strict environmental laws, and the hazardous nature of the substance, which affects production and worker safety, are some of the issues facing the allyl chloride market.

The epichlorohydrin segment dominated the largest share in 2023 and is anticipated to grow at a CAGR of 31.84% during the forecast period.

Based on the application, the global allyl chloride market is divided into allyl amines, allyl sulfonates, epichlorohydrin, glycidyl ether, and water treatment chemicals. Among these, the epichlorohydrin segment dominated the largest share in 2023 and is anticipated to grow at a CAGR of 31.84% during the forecast period. This is attributed predominantly to the common usage of epichlorohydrin in the manufacturing of epoxy resins. Epoxy resins are vital to coatings, adhesives, and plastic industries. Increased demand from all end-use industries further contributes to the dominance of this segment.

North America is anticipated to hold the highest share of the global allyl chloride market over the projected period.

North America is anticipated to hold the highest share of the global allyl chloride market over the projected period. This is led by profound technological innovations and a well-established manufacturing base in the United States, Canada, and Mexico. Strong demand from water treatment and pharmaceutical applications mostly fuels this market. The fact that large-scale manufacturers are located here and steady investments in chemical manufacturing plants support the market's consistent growth as well.

Asia Pacific is estimated to grow at the fastest CAGR of the global allyl chloride market during the forecast period. Wsith the dominant consumers being India, Japan, South Korea, and China. The dominance of the region follows from the rising capacity to produce epichlorohydrin and the higher application in water treatment purposes. Having significant manufacturers and an increasing industrial base in China and India has solidified the position of the region within the world's allyl chloride industry.

Company Profiling 

Major vendors in the global allyl chloride market are Gelest, Inc., INEOS, Dow, Kashima Chemical Co., LTD, Solvay, Olin Corporation, DuPont, OSAKA SODA, AccuStandard, Sumitomo Chemical Co., Ltd, Befar Group Co. Ltd., Olin Corporation, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In March 2023, INOVYN, one of the UK's leading chemical companies, introduced a sustainable, bio-based alternative in the allyl chloride market. The new product responds to environmental issues and satisfies the growing demand for green chemical solutions.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global allyl chloride market based on the below-mentioned segments: 

Global Allyl Chloride Market, By Application

• Allyl Amines
• Allyl Sulfonates
• Epichlorohydrin
• Glycidyl Ether
• Water Treatment Chemicals

Global Allyl Chloride Market, By Regional 

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America 
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa 
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa