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Allyl Chloride Market -Size 2021 By Industry Share, Key Findings, Company Profiles, Growth Strategy, Developing Technologies, Demand, Investment Opportunities and Forecast by Regions till 2027

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prathamesh
Allyl Chloride Market -Size 2021 By Industry Share, Key Findings, Company Profiles, Growth Strategy, Developing Technologies, Demand, Investment Opportunities and Forecast by Regions till 2027

The Europe allyl chloride market valuation stood at USD 464.5 million in 2017. It is predicted to reach USD 555.1 million by 2023, at a CAGR of 3.11% during the forecast period. The region can accumulate a demand of 449.1 KT by 2023.

North America can reach a valuation of USD 493.9 million by 2023, at a predicted CAGR of 3.35% during the forecast period. The regional market volume can touch 407 KT by 2023.

 

Competitive Analysis:

Major names operational in the allyl chloride market report are Osaka Soda (Japan), Kashima Chemical Co., Ltd. (Japan), Alfa Aesar (U.S.), DowDuPont (U.S.), Rizho Lanxing Chemical Industry Co., Ltd. (China), Solvay (Belgium), Sumitomo Chemical Co., Ltd. (Japan), Gelest, Inc. (U.S.), Olin Corporation (U.S.), and others. Players are focusing their efforts on producing different grades of the chemical at economical prices. But volatile prices of propylene owing to swings in crude oil prices can negatively affect the market.

Overview:

The global allyl chloride market is expected to rise and touch a valuation of USD 2,845.1 million by 2023, at a 4.11% CAGR during the forecast period (2018-2023). Market Research Future (MRFR) in their astutely detailed report has highlighted drivers and opportunities affecting the market. Allyl chloride is a chemical with a pungent odor obtained via chlorination of propylene. The use of the chemical as a base for producing epichlorohydrin, glycerin, and other derivatives is likely to boost the allyl chloride market growth till 2023. 

The increasing use of allyl chloride derivatives across numerous end-use industries is expected to fuel the market growth. This is exemplified by the demand for epoxy resins, derived with the help of allyl chloride, in building & construction and aerospace & defense industries. In addition, the need for quaternary ammonium salts for wastewater management is another driver of the allyl chloride market. For instance, food & beverage manufacturers are investing in water management projects owing to demand for freshwater.

Rising demand for epoxy resins in end-use industries is likely to boost the market growth. The automotive sector, for instance, requires these prepolymers for producing coatings which can resist corrosion and extreme temperatures. But strict environment policies regarding the production of the chemical coupled with production of bio-based epichlorohydrin as an alternative can pose a challenge to the allyl chloride market.

 

 

 

 

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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