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In 2022, the global market for allyl chloride was valued at $2.09 billion. Between 2023 and 2030, that number is expected to rise to $2.99 billion, for a compound annual growth rate (CAGR) of 5.3%.
Significant expansion of the worldwide allyl chloride market has been observed, and this trend is anticipated to persist into the foreseeable future. Market expansion can be ascribed to rising demand for plastics and polymers, especially in the transportation and packaging industries. The necessity for agrochemicals to increase crop production and the growth of the pharmaceutical industry have both contributed to the rising demand for allyl chloride. The growing need for PVC-based products is another factor propelling the allyl chloride market, especially in developing countries. Market expansion, however, is hindered by environmental worries and strict laws surrounding the use and disposal of chemicals. Despite these obstacles, market participants can anticipate profitable prospects because to technical improvements and continued R&D activities targeted at enhancing production methods and locating sustainable alternatives. The rapid industrialization and infrastructure development in nations like China and India caused Asia Pacific to become the most important region in the industry. The existence of well-established pharmaceutical and chemical industries in North America and Europe also contributes significantly to market expansion. In order to maintain or improve their standing in the global market, leading companies are focusing on mergers, acquisitions, and alliances, among other strategic activities. While environmental sustainability and regulatory compliance pose threats to the industry's growth, the market as a whole is expected to expand steadily due to rising demand from various industrial sectors.
Application Analysis
The pharmaceutical sector accounts for the largest end-use segment of the worldwide allyl chloride market. The chemical compound allyl chloride is used extensively as an intermediary in the production of numerous medicinal compounds and active components. It is used in the pharmaceutical industry because of its high reactivity and its ability to add functional groups to organic molecules, both of which are necessary for the synthesis of many different pharmaceuticals. The pharmaceutical industry is the largest consumer of allyl chloride due to rising demand for new and innovative medicines and strict quality standards in the industry.
However, the oil and gas sector is the fastest-growing application area in the worldwide allyl chloride market. The oil and gas industry uses allyl chloride in the creation of corrosion inhibitors and demulsifiers. Exploration and production activities, especially in offshore and unconventional oil and gas sectors, are increasing, leading to a rise in the demand for allyl chloride in this industry. The oil and gas sector of the allyl chloride market is growing rapidly due to the compound's increasing application and its good capabilities as a corrosion inhibitor and as an effective in separating oil and water emulsions.
Evaluation Through Use
Allyl Amines is the most lucrative use for allyl chloride around the world. A large variety of medicines, agrochemicals, and rubber chemicals require the use of Allyl Amine compounds, which are synthesized using Allyl Chloride. Intermediates made from allyl amines are used in the production of many pharmaceuticals, pesticides, herbicides, and vulcanization accelerators. Allyl Amines are the most popular type of allyl chloride due to their flexibility and reactivity.
The Water Treatment Chemicals industry is the fastest-growing end-use of allyl chloride worldwide. Allyl chloride is used in the manufacturing of polyamines and polydadmacs, two types of water treatment chemicals that find use in the purification of wastewater, drinking water, and industrial water. The need for allyl chloride in this sector is growing rapidly due to rising public awareness of water contamination and the scarcity of cost-effective solutions to this problem. The water treatment chemicals subsegment of the allyl chloride market has been increasing rapidly due to the unique qualities of allyl chloride derivatives, such as their capacity to flocculate and remove pollutants.
Drivers
The Plastics and Polymers Industry Faces Rising Demand
Growing demand for synthetic materials like plastics and polymers has been a boon to the worldwide allyl chloride market. The rising popularity of automobiles, consumer goods, and building construction all contribute to the need for allyl chloride. As a result of their adaptability, portability, and sturdiness, plastics and polymers have become indispensable in many fields. Dashboards, bumpers, and interior trims are just few of the many automobile components where plastics are commonly employed to help cut weight and increase efficiency. Bottles, containers, films, and wraps are just few of the packaging styles that rely significantly on plastics. Plastics are also widely used in the building industry, where their durability, thermal insulation capabilities, and low cost make them ideal for use in pipelines, insulation, and roofing.
Restraints
Constraints on human activity and environmental worries
Strict laws and environmental concerns are a major factor holding the sector back. To protect both human and environmental health, allyl chloride, like all other chemicals, is subject to stringent laws for its use and disposal. In order to reduce dangers and lessen environmental effect, regulatory agencies put guidelines on the production, storage, distribution, and disposal of chemicals. Companies in the allyl chloride industry may find it difficult to comply with these requirements due to the complexity involved in setting up the necessary safety measures, monitoring systems, and waste management methods. Sustainability and the creation of greener alternatives are also receiving more attention as a result of people's rising awareness of environmental issues. As a result, businesses will have to spend money on R&D to develop safer alternatives to allyl chloride or more efficient methods of producing the chemical.
Report Coverage
Global Allyl Chloride research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Allyl Chloride report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Allyl Chloride competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Allyl Chloride market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Allyl Chloride market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Allyl Chloride market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
OSAKA SODA (Japan), Kashima Chemical Co., Ltd. (Japan), INOVYN (UK), Sumitomo Chemical Co., Ltd (Japan), Gelest, Inc. (US), Dow Chemical Company (US), BASF SE (Germany), SABIC (Saudi Arabia), Occidental Petroleum Corporation (US), Akzo Nobel N.V. (Netherlands), LG Chem Ltd. (South Korea), Formosa Plastics Corporation (Taiwan), Arkema S.A. (France), Solvay SA (Belgium), Evonik Industries AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Sinopec Group (China), China National Chemical Corporation (China), PTT Global Chemical Public Company Limited (Thailand)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT 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
Others
Global Allyl Chloride Market, By End User
Pharmaceutical
oil and gas
paintings and coatings
others
Global Allyl Chloride market, Regional Analysis
Significant expansion of the worldwide allyl chloride market has been observed, and this trend is anticipated to persist into the foreseeable future. Market expansion can be ascribed to rising demand for plastics and polymers, especially in the transportation and packaging industries. The necessity for agrochemicals to increase crop production and the growth of the pharmaceutical industry have both contributed to the rising demand for allyl chloride. The growing need for PVC-based products is another factor propelling the allyl chloride market, especially in developing countries. Market expansion, however, is hindered by environmental worries and strict laws surrounding the use and disposal of chemicals. Despite these obstacles, market participants can anticipate profitable prospects because to technical improvements and continued R&D activities targeted at enhancing production methods and locating sustainable alternatives. The rapid industrialization and infrastructure development in nations like China and India caused Asia Pacific to become the most important region in the industry. The existence of well-established pharmaceutical and chemical industries in North America and Europe also contributes significantly to market expansion. In order to maintain or improve their standing in the global market, leading companies are focusing on mergers, acquisitions, and alliances, among other strategic activities. While environmental sustainability and regulatory compliance pose threats to the industry's growth, the market as a whole is expected to expand steadily due to rising demand from various industrial sectors.
Application Analysis
The pharmaceutical sector accounts for the largest end-use segment of the worldwide allyl chloride market. The chemical compound allyl chloride is used extensively as an intermediary in the production of numerous medicinal compounds and active components. It is used in the pharmaceutical industry because of its high reactivity and its ability to add functional groups to organic molecules, both of which are necessary for the synthesis of many different pharmaceuticals. The pharmaceutical industry is the largest consumer of allyl chloride due to rising demand for new and innovative medicines and strict quality standards in the industry.
However, the oil and gas sector is the fastest-growing application area in the worldwide allyl chloride market. The oil and gas industry uses allyl chloride in the creation of corrosion inhibitors and demulsifiers. Exploration and production activities, especially in offshore and unconventional oil and gas sectors, are increasing, leading to a rise in the demand for allyl chloride in this industry. The oil and gas sector of the allyl chloride market is growing rapidly due to the compound's increasing application and its good capabilities as a corrosion inhibitor and as an effective in separating oil and water emulsions.
Evaluation Through Use
Allyl Amines is the most lucrative use for allyl chloride around the world. A large variety of medicines, agrochemicals, and rubber chemicals require the use of Allyl Amine compounds, which are synthesized using Allyl Chloride. Intermediates made from allyl amines are used in the production of many pharmaceuticals, pesticides, herbicides, and vulcanization accelerators. Allyl Amines are the most popular type of allyl chloride due to their flexibility and reactivity.
The Water Treatment Chemicals industry is the fastest-growing end-use of allyl chloride worldwide. Allyl chloride is used in the manufacturing of polyamines and polydadmacs, two types of water treatment chemicals that find use in the purification of wastewater, drinking water, and industrial water. The need for allyl chloride in this sector is growing rapidly due to rising public awareness of water contamination and the scarcity of cost-effective solutions to this problem. The water treatment chemicals subsegment of the allyl chloride market has been increasing rapidly due to the unique qualities of allyl chloride derivatives, such as their capacity to flocculate and remove pollutants.
Drivers
The Plastics and Polymers Industry Faces Rising Demand
Growing demand for synthetic materials like plastics and polymers has been a boon to the worldwide allyl chloride market. The rising popularity of automobiles, consumer goods, and building construction all contribute to the need for allyl chloride. As a result of their adaptability, portability, and sturdiness, plastics and polymers have become indispensable in many fields. Dashboards, bumpers, and interior trims are just few of the many automobile components where plastics are commonly employed to help cut weight and increase efficiency. Bottles, containers, films, and wraps are just few of the packaging styles that rely significantly on plastics. Plastics are also widely used in the building industry, where their durability, thermal insulation capabilities, and low cost make them ideal for use in pipelines, insulation, and roofing.
Restraints
Constraints on human activity and environmental worries
Strict laws and environmental concerns are a major factor holding the sector back. To protect both human and environmental health, allyl chloride, like all other chemicals, is subject to stringent laws for its use and disposal. In order to reduce dangers and lessen environmental effect, regulatory agencies put guidelines on the production, storage, distribution, and disposal of chemicals. Companies in the allyl chloride industry may find it difficult to comply with these requirements due to the complexity involved in setting up the necessary safety measures, monitoring systems, and waste management methods. Sustainability and the creation of greener alternatives are also receiving more attention as a result of people's rising awareness of environmental issues. As a result, businesses will have to spend money on R&D to develop safer alternatives to allyl chloride or more efficient methods of producing the chemical.
Report Coverage
Global Allyl Chloride research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Allyl Chloride report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Allyl Chloride competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Allyl Chloride market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | OSAKA SODA (Japan), Kashima Chemical Co., Ltd. (Japan), INOVYN (UK), Sumitomo Chemical Co., Ltd (Japan), Gelest, Inc. (US), Dow Chemical Company (US), BASF SE (Germany), SABIC (Saudi Arabia), Occidental Petroleum Corporation (US), Akzo Nobel N.V. (Netherlands), LG Chem Ltd. (South Korea), Formosa Plastics Corporation (Taiwan), Arkema S.A. (France), Solvay SA (Belgium), Evonik Industries AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Sinopec Group (China), China National Chemical Corporation (China), PTT Global Chemical Public Company Limited (Thailand) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Allyl Chloride Market from 2021 to 2030.
- Market Forecast for Allyl Chloride Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Allyl Chloride competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Allyl Chloride
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Allyl Chloride market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Allyl Chloride market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
OSAKA SODA (Japan), Kashima Chemical Co., Ltd. (Japan), INOVYN (UK), Sumitomo Chemical Co., Ltd (Japan), Gelest, Inc. (US), Dow Chemical Company (US), BASF SE (Germany), SABIC (Saudi Arabia), Occidental Petroleum Corporation (US), Akzo Nobel N.V. (Netherlands), LG Chem Ltd. (South Korea), Formosa Plastics Corporation (Taiwan), Arkema S.A. (France), Solvay SA (Belgium), Evonik Industries AG (Germany), Shin-Etsu Chemical Co., Ltd. (Japan), Mitsubishi Chemical Corporation (Japan), Sinopec Group (China), China National Chemical Corporation (China), PTT Global Chemical Public Company Limited (Thailand)
Primary Target Market
- Market Players of Allyl Chloride
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT 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
Others
Global Allyl Chloride Market, By End User
Pharmaceutical
oil and gas
paintings and coatings
others
Global Allyl Chloride market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The 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 Middle East & Africa
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