Technavio analyzes that the Allyl Chloride Market is expected to grow at a CAGR of 4.1% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1557 million.There are various factors that contribute to the growth of the market. Allyl chloride, a significant intermediate in the chemical industry, is experiencing a surge in demand due to its extensive usage in various applications. Its derivatives, such as allyl alcohol and allyl ethers, play essential roles in the synthesis of pharmaceuticals, agrochemicals, and polymers. The increasing adoption of these derivatives in the production of these products is driving the growth of the allyl chloride market. Furthermore, the ongoing research and development activities in the chemical industry to discover new applications for allyl chloride and its derivatives are expected to provide additional growth opportunities for market participants.
In the chemical industry, epichlorohydrin is a valuable epoxide compound with a pungent odor and moderate water solubility. Manufactured through the chlorohydrination of allyl chloride, which is derived from propylene via chlorination, epichlorohydrin plays a significant role in various applications. This versatile chemical is primarily used in the production of epoxy resins, elastomers, water treatment chemicals, surfactants, and paper resins. Epichlorohydrin's unique properties enable it to be incorporated into epoxy resins, which are essential in industries such as construction, automotive, aerospace, electronics, and marine. Additionally, epichlorohydrin contributes to the production of bio-based epichlorohydrin, allyl chloride polymers, plasticizers, emulsifiers, and synthetic glycerine. Its production process involves passing allyl chloride, chlorine, and water through several reactors and separation columns.
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Allyl Chloride Market Segmentation
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Allyl Chloride is a significant chemical intermediate in various industries, including Chemical Industries, Pharmaceutical Field, and Polymers & Resins. Its applications span across Plastic Materials, Pesticides, Adhesives, Generic Medicines, Electrical and Electronics, Aerospace, Marine, Construction, and more. Allyl Chloride derivatives like Bio-based Epichlorohydrin and Allyl Chloride Polymers find use in Plasticizers, Emulsifiers, and Epichlorohydrin production. Propylene and Hypochlorous acid are key raw materials for Allyl Chloride production. Allyl Chloride is used to produce Epoxy Resins, Synthetic Glycerine, Textiles, and Transparent Liquids through Chlorination. Allyl Alcohol, Phosphorous Chloride, and Organic Solvents are other chemicals involved in the process. Insoluble Allyl Chloride forms when Allyl Alcohol undergoes Chlorination.
The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals used in the production of various industries such as pharmaceuticals, polymers, resins, plastic materials, pesticides, and adhesives. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers producing specialized chemicals for these sectors. Key growth drivers for this market include the increasing demand for specialized adhesives and sealants, which are essential components in numerous applications across industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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