USD 2.05 billion
Allyl Chloride Market Size, Share, Growth Analysis, By End-use(Pharmaceutical, oil and gas, paintings and coatings and others), By Application(Allyl Amines, Allyl Sulfonates, Epichlorohydrin, Glycidyl Ether), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2238 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Allyl Chloride Market Insights
Global Allyl Chloride Market size was valued at USD 2.05 billion in 2021 and is poised to grow from USD 2.14 billion in 2022 to USD 2.99 billion by 2030, growing at a CAGR of 4.3% during the forecast period (2023-2030).
The global allyl chloride market has witnessed significant growth and is projected to continue its upward trajectory in the coming years. The market growth can be attributed to factors such as increasing demand for plastics and polymers, particularly in the automotive and packaging sectors. The expanding pharmaceutical industry and the growing need for agrochemicals to enhance crop productivity have further fueled the demand for allyl chloride. Additionally, the rise in construction activities, particularly in emerging economies, has boosted the demand for PVC-based products, subsequently driving the allyl chloride market. However, environmental concerns and stringent regulations regarding the usage and disposal of chemicals pose challenges to market growth. Despite these challenges, technological advancements and ongoing research and development efforts aimed at improving the production processes and finding sustainable alternatives are expected to create lucrative opportunities for market players. Geographically, Asia Pacific dominated the market, driven by the rapid industrialization and infrastructural development in countries like China and India. North America and Europe also contribute significantly to the market growth, owing to the presence of well-established pharmaceutical and chemical industries. The global market is characterized by intense competition, with key players focusing on strategic initiatives such as mergers, acquisitions, and collaborations to strengthen their market position and expand their product portfolios. Overall, the market is poised for steady growth, driven by increasing industrial applications and technological advancements, while also facing the challenges of environmental sustainability and regulatory compliance.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Pharmaceutical
Fastest Growth
Pharmaceutical
Growth Rate
4.3% CAGR
Global Allyl Chloride Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Allyl Chloride Market Segmental Analysis
The Global Allyl Chloride Market is segmented by end-use, application, and region. Based on end-use, the market can be segmented into Pharmaceutical, oil and gas, paintings and coatings and others. Based on application, the market is segmented into Allyl Amines, Allyl Sulfonates, Epichlorohydrin, Glycidyl Ether, Water Treatment Chemicals and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by End-use
The dominant end-use segment in the global allyl chloride market is the pharmaceutical industry. Allyl chloride is widely utilized as a key intermediate in the synthesis of pharmaceutical compounds and active ingredients. It finds applications in the production of various drugs and medications, owing to its reactivity and ability to introduce functional groups into organic molecules. The pharmaceutical sector's stringent quality standards and increasing demand for innovative medicines drive the dominance of this segment in the allyl chloride market.
On the other hand, the fastest-growing end-use segment in the global allyl chloride market is the oil and gas industry. Allyl chloride is employed in the production of corrosion inhibitors and demulsifiers used in the oil and gas extraction and refining processes. With the growing exploration and production activities, particularly in offshore and unconventional oil and gas fields, the demand for allyl chloride in this sector is witnessing rapid growth. The compound's excellent properties as a corrosion inhibitor and its effectiveness in separating oil and water emulsions contribute to its expanding application and the accelerated growth of the oil and gas segment in the allyl chloride market.
Analysis by Application
The dominant application segment in the global allyl chloride market is Allyl Amines. Allyl chloride is extensively used in the synthesis of various Allyl Amine compounds, which find wide-ranging applications in the production of pharmaceuticals, agrochemicals, and rubber chemicals. Allyl Amines are utilized as intermediates in the manufacturing of drugs, herbicides, insecticides, and vulcanization accelerators, making them a crucial component in these industries. The versatility and reactivity of Allyl Amines contribute to the dominance of this segment in the allyl chloride market.
The fastest-growing application segment in the global allyl chloride market is Water Treatment Chemicals. Allyl chloride is employed in the production of water treatment chemicals, such as polyamines and polydadmacs, which are utilized for wastewater treatment, drinking water purification, and industrial water treatment processes. With increasing concerns about water pollution and the need for effective water treatment solutions, the demand for allyl chloride in this segment is experiencing rapid growth. The unique properties of allyl chloride derivatives, such as their ability to flocculate and remove impurities, contribute to their expanding application and the accelerated growth of the water treatment chemicals segment in the allyl chloride market.
Global Allyl Chloride Market By End-use
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Allyl Chloride Market Regional Insights
Asia Pacific dominated the global allyl chloride market. Asia Pacific holds a significant share in the market due to its rapid industrialization, robust chemical manufacturing sector, and increasing demand for plastics, pharmaceuticals, and agrochemicals. Countries like China and India have emerged as major consumers and producers of allyl chloride, driven by their expanding economies and infrastructure development, making Asia Pacific the dominant region in the allyl chloride market.
The fastest-growing region in the global allyl chloride market is North America. North America is witnessing significant growth in the allyl chloride market due to several factors. The region has a strong presence of key industries such as pharmaceuticals, plastics, and agrochemicals, which are major consumers of allyl chloride. Additionally, the increasing demand for advanced materials, innovation in drug development, and focus on sustainability are driving the growth of the allyl chloride market in North America. The region's technological advancements, research and development activities, and favorable investment climate contribute to its status as the fastest-growing region in the allyl chloride market.
Global Allyl Chloride Market By Geography
- Largest
- Fastest
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Allyl Chloride Market Dynamics
Drivers
Increasing demand for plastics and polymers
- One key driver of the global allyl chloride market is the increasing demand for plastics and polymers. The growth of industries such as automotive, packaging, and construction fuels the demand for allyl chloride, which plays a vital role in the production of these materials. Plastics and polymers have become indispensable in various sectors due to their versatility, lightweight nature, and durability. In the automotive industry, plastics are widely used in components such as dashboards, bumpers, and interior trims, contributing to weight reduction and fuel efficiency. The packaging industry relies heavily on plastics for various packaging formats, including bottles, containers, films, and wraps. Additionally, the construction sector utilizes plastics in pipes, insulation materials, and roofing materials, benefiting from their strength, thermal insulation properties, and cost-effectiveness.
Restraints
Stringent regulations and environmental concerns
- One key restraint of the market is the presence of stringent regulations and environmental concerns. The usage and disposal of chemicals, including allyl chloride, are subject to strict regulations to ensure environmental safety and human health. Regulatory bodies impose guidelines on the manufacturing, handling, transportation, and disposal of chemicals to mitigate risks and minimize environmental impact. Compliance with these regulations can be challenging for companies operating in the allyl chloride market, as it requires implementing appropriate safety measures, monitoring systems, and adhering to waste management protocols. Additionally, there is a growing emphasis on sustainability and the development of greener alternatives in response to environmental concerns. This creates a need for the industry to invest in research and development to find eco-friendly substitutes or improve the production processes of allyl chloride.
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Allyl Chloride Market Competitive Landscape
The competitive landscape of the global allyl chloride market is characterized by intense competition among market players. The market is fragmented, with a mix of large multinational companies and small to medium-sized enterprises operating across different regions. Key strategies employed by players in the market include mergers and acquisitions, collaborations, and partnerships to strengthen their market presence and expand their product portfolios. Companies focus on research and development activities to develop innovative and sustainable solutions in response to evolving market demands and regulatory requirements. Additionally, market players emphasize enhancing production capabilities, optimizing supply chain management, and establishing distribution networks to meet the growing demand for allyl chloride in various end-use industries.
Top Player’s Company Profiles
- 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)
Recent Developments
- In March 2023, INOVYN, a major chemical company based in the UK, unveiled a new product innovation in the allyl chloride segment. The company introduced a sustainable and bio-based variant of allyl chloride, addressing environmental concerns and meeting the increasing demand for eco-friendly chemical solutions. This development highlights INOVYN's commitment to sustainability and its efforts to offer greener alternatives to traditional allyl chloride products.
- In January 2022, Gelest, Inc., a US-based specialty chemicals company, announced a strategic partnership with a leading Asian chemical manufacturer. The collaboration aimed to strengthen Gelest's position in the allyl chloride market by enhancing its supply chain capabilities and expanding its customer base in the Asia Pacific region.
- In June 2021, BASF SE, a leading chemical company based in Germany, announced its plans to expand its allyl chloride production capacity. The company intends to invest in a new plant at its site in Ludwigshafen, Germany, to meet the growing demand for allyl chloride in various industries, including pharmaceuticals, plastics, and agrochemicals.
Allyl Chloride Key Market Trends
- One key market trend in the global allyl chloride market is the increasing focus on sustainability and the development of eco-friendly alternatives. As environmental concerns and regulations become more stringent, there is a growing demand for sustainable chemical solutions. In response, companies in the allyl chloride market are investing in research and development to develop bio-based or recyclable materials that can replace traditional allyl chloride products. This trend reflects the industry's commitment to reducing its environmental footprint and meeting the evolving needs of customers who prioritize sustainability in their operations and products.
Allyl Chloride Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global allyl chloride market analysis, the market is witnessing steady growth driven by increasing demand from industries such as pharmaceuticals, plastics, and agrochemicals. Allyl chloride finds extensive application in the production of various chemicals and polymers. The market is dominated by the pharmaceutical sector, where it is used as a key intermediate in drug synthesis. The oil and gas industry is the fastest-growing segment, utilizing allyl chloride in corrosion inhibitors and demulsifiers. Asia Pacific is the dominant region, with rapid industrialization and infrastructure development. However, the market faces challenges from stringent regulations and environmental concerns. Companies are focusing on sustainable practices and investing in research and development to find eco-friendly alternatives. The market's competitive landscape is characterized by intense competition, with players engaging in strategic initiatives to strengthen their market position. Overall, the allyl chloride market is poised for growth, driven by industrial applications, technological advancements, and sustainability efforts.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.05 billion |
| Market size value in 2031 | USD 2.99 billion |
| Growth Rate | 4.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Allyl Chloride Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Allyl Chloride Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Allyl Chloride Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Allyl Chloride Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Allyl Chloride Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Allyl Chloride Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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