Allyl Chloride Market Overview:
The Global Allyl Chloride Market is expected to rise and touch a valuation of USD 2,845.1 mn by 2023, at a 4.11% CAGR during the forecast period (2018-2023).
Allyl Chloride Market Key Players 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.
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Allyl Chloride Market Segmentation:
The Allyl Chloride Market is segmented by application.
Major applications include epichlorohydrin, allyl sulfonates, allyl amines, water treatment chemicals, glycidyl ether, and others. Among them, epichlorohydrin accounted for the largest market share in 2018 with a value of USD 1,974.1 mn. The increasing demand for epoxy resins across aerospace and defense, electrical and electronics, automotive, and building & construction is expected to augur well for the segment. The segment can accrue close to USD 2,503.7 mn by 2023 for the allyl chloride market, at a CAGR during the forecast period.
Allyl Chloride Market Regional Analysis:
Region-wise, the allyl chloride market includes North America, Europe, Latin America, Asia Pacific (APAC), and the Middle East & Africa (MEA).
The APAC region accounted for 51% share in the allyl chloride market in 2018 thanks to the robust pace of industrialization in Singapore, Indonesia, and Thailand. The booming population in these developing economies coupled with increased budget in water treatment and desalination is predicted to boost the regional allyl chloride market valuation to USD 1,526 mn by 2023. Meanwhile, the APAC region can accrue a market volume of 1,317.5 kilotons (KT) by the end of the forecast period.
The Europe allyl chloride market valuation stood at USD 464.5 mn in 2018. It is predicted to reach USD 555.1 mn 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 mn by 2023, at a predicted CAGR of 3.35% during the forecast period. The regional market volume can touch 407 KT by 2023.
Allyl Chloride Market Table of Content:
1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics
Allyl Chloride Market Table of Content to be Continue…….,
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