The Global Allyl Chloride Market was valued at approximately USD 3.2 billion in 2023 and is expected to grow at a CAGR of 5.74% from 2024 to 2032, reaching around USD 5.74 billion by 2032. The increasing adoption of epoxy resins, pharmaceutical formulations, and agrochemicals is a primary factor driving market growth.
Allyl chloride is a highly versatile chemical intermediate essential in producing epichlorohydrin, allyl alcohol, and polymers, making it a crucial component in pharmaceuticals, coatings, adhesives, and plastics. The expanding chemical and construction industries, coupled with increasing demand for specialty chemicals and agrochemicals, is further accelerating the market expansion. Additionally, technological advancements in green chemistry and bio-based chemical synthesis present lucrative opportunities for sustainable growth.
Key Market Trends and Growth Factors- Rising Demand for Epoxy Resins: The increasing use of epoxy resins in paints, coatings, composites, and adhesives is driving the demand for allyl chloride, particularly in the construction and automotive sectors.
Growing Applications in Pharmaceuticals: Allyl chloride is widely used in the manufacturing of active pharmaceutical ingredients (APIs), drug intermediates, and excipients, making it a crucial component in the expanding global pharmaceutical industry.
Technological Advancements in Agrochemicals: The demand for efficient and sustainable agrochemicals continues to grow as the agriculture sector focuses on enhancing productivity and crop protection. Allyl chloride is a key intermediate in the production of fungicides, herbicides, and insecticides.
Expansion of the Plasticizer Market: The demand for plasticizers in polymer formulations for automotive, packaging, and industrial applications is further fueling market growth.
Advancements in Sustainable Production Methods: The introduction of bio-based and environmentally friendly production techniques, such as catalytic processes and chlorination methods, is opening new market opportunities.
Despite its promising growth, the market faces challenges, including fluctuations in raw material prices, stringent environmental regulations, and concerns about chemical safety. Furthermore, supply chain disruptions and geopolitical trade barriers could impact global production and distribution networks. Companies are actively investing in sustainable manufacturing techniques, alternative raw materials, and compliance strategies to counter these challenges and maintain a competitive edge.
Regional Market Insights- North America and Europe hold a significant market share due to strong industrial bases, advanced R&D facilities, and stringent chemical regulations. The presence of major manufacturers and growing demand from the pharmaceutical and specialty chemicals industries drive growth in these regions.
Asia-Pacific is projected to exhibit the fastest growth, fueled by rapid industrialization, increasing chemical consumption, and expanding production capacities in countries like China, India, and Japan. The region’s booming automotive, electronics, and construction sectors are also driving demand.
Latin America and the Middle East & Africa (MEA) are emerging markets with increasing investments in agrochemicals, industrial chemicals, and polymer manufacturing. While infrastructure development in these regions is still growing, the demand for allyl chloride in adhesives, coatings, and resins is rising steadily.
Major Market Players Included in This Report Are:
• Solvay S.A.
• Olin Corporation
• Sumitomo Chemical Co., Ltd.
• INOVYN by INEOS AG
• Hexion Inc.
• Shandong Minglang Chemical Co., Ltd.
• AccuStandard, Inc.
• Thermo Fisher Scientific, Inc.
• Kashima Chemical Co., Ltd.
• Osaka Soda Co., Ltd.
• SIELC Technologies
• TCI Chemicals (India) Pvt. Ltd.
• Chemical Corp Pvt Ltd.
• W.W. Grainger, Inc.
• AGC Inc.
The Detailed Segments and Sub-Segment of the Market Are Explained Below:
By Application
• Agrochemicals
Fungicides
Herbicides
Insecticides
• Chemical Manufacturing
Epoxy Compounds
Solvent Production
• Pharmaceuticals
Active Pharmaceutical Ingredients (APIs)
Excipient Reformulations
Intermediates
• Plasticizers
Commercial Plasticizers
Industrial Plasticizers
• Polymers
Epichlorohydrin Production
Resin Manufacturing
By End-User
• Agriculture
Agricultural Cooperatives
Farming Enterprises
• Chemical Industry
Industrial Chemicals
Specialty Chemicals
• Construction
Building Materials
Infrastructure Development
• Healthcare
Biotechnology Firms
Pharmaceutical Companies
• Manufacturing
Automotive Components
Electronic Parts
By Production Technique
• Catalytic Production
Heterogeneous Catalysis
Homogeneous Catalysis
• Gas-Phase Chlorination
• Liquid-Phase Chlorination
By Region:
North America
• U.S.
• Canada
Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia Pacific
Latin America
• Brazil
• Mexico
Middle East & Africa
• Saudi Arabia
• UAE
• South Africa
• Rest of MEA
Years Considered for the Study Are as Follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Geographical landscape analysis with country-level insights.
• Competitive landscape with key market players and strategic insights.
• Demand-side and supply-side analysis of the industry.
• SWOT analysis and market positioning of major companies.
• Strategic recommendations for new entrants and existing players.
Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook