Press release
Allyl Alcohol Market is estimated to reach USD 2,942.70 Million by 2029 : Cognitive Market Research
Allyl Alcohol Market is estimated to reach USD 2,942.70 Million by 2029 : Cognitive Market Research
- Allyl alcohol (IUPAC name: prop-2-en-1-ol) is a chemical compound having the formula CH2=CHCH2OH. It has appearance of a clear, colorless liquid with a mustard-like odor. Allyl alcohol (AAL) is a water-soluble liquid that is widely accessible and utilized as a comonomer and a chemical intermediary. Allyl alcohol is most commonly employed in the production of allyl chemicals, war gases, resins, and plasticizers. It is utilized as an industrial solvent, herbicide, and fungicide, as well as a raw ingredient in the production of polymers, medicines, insecticides, and other allyl chemicals.
Market Insights:
• The Global Allyl Alcohol Market is estimated to reach USD 2,942.70 Million by the end of 2029, growing at a CAGR of 2.37% between 2022 and 2029
• The North America Allyl Alcohol market size is projected to reach USD 787.23 Million in 2029.
"To know more The Allyl Alcohol Market statistics click here: https://www.cognitivemarketresearch.com/allyl-alcohol-market-report
Market Drivers:
• Rising cosmetic and personal care industry
- The rising adoption of the cosmetic and personal care products, is one of the factors, which are expected to contribute for the rising demand for allyl alcohol, which is projected to accelerate the growth of the market.
Personal care industry encompasses wide array of products, including fragrances, makeup, hair care and coloring products, sunscreen, and products for bathing. This can be attributed to higher consumer spending power, new products, better consumer awareness, advertising and lifestyle changes.
• Restraints for Allyl Alcohol Market
- Toxic nature of allyl alcohol
• Opportunities for Allyl Alcohol Market
- Rapid industrialization and urbanization
Market Segmentation:
Product
• Allyl Acetate Hydrolysis Method
- Allyl alcohol can be made by acetoxylating propylene and then hydrolyzing the resultant allyl acetate. Acetoxylation of propylene, acetic acid, and oxygen in the vapour phase in the presence of a palladium catalyst can be used to create allyl acetate.
• PO Isomerization Methodx
- Allyl alcohol can be produced by the isomerization of propylene oxide (PO). PO isomerization can be performed by a slurry-phase process. Isomerization is typically performed in the presence of lithium phosphate catalyst.
Method Type
• Optical resins
- Allyl alcohol is employed in optical resins. It is used as chemical intermediate for the production of allyl diglycol carbonate which is used in the optical resin manufacturing process.
• Safety glass
- Allyl alcohol is popular for its use in the production of safety glass. It is utilized as a chemical intermediary in the creation of allyl diglycol carbonate, which is employed in the manufacturing of safety glass products
• CRT screens
• Paints & coatings
• Silane coupling agents
• Polymer crosslinking agents
• Others
Get free sample pages of latest published Allyl Alcohol Report:
https://www.cognitivemarketresearch.com/allyl-alcohol-market-report/report_enquiry/4
Competitive Analysis for Allyl Alcohol Market:
Showa Denko America INC, Otto Chemie Pvt. Ltd, Merck KGaA, Holdings B.V, Showa Denko K.K, Seqens Group, Chang Chun Group, Thermo Fisher Scientific Inc, Dairen Chemical Corporation, Zouping Mingxing Chemical Co. Ltd, LyondellBasell Industries
LyondellBasell Industries Holdings B.V.
LyondellBasell Industries Holdings B.V. is a US based manufacturer of chemicals. The company is operating through six operating segments: olefins & polyolefins America, olefins & polyolefins Europe, Intermediates & derivatives, advanced polymer solutions, refining and technology. APS segment offers compounding and solutions such as polypropylene compounds, engineered plastics and others. Further, refining segment includes products made from heavy, high Sulphur crude oil and other crude oils of varied types.
Recent News:
- June 2021
LyondellBasell Announces Startup of 400 KTA / year South Korean Joint Venture Facility
LyondellBasell announced the successful startup of Ulsan PP Co., Ltd.'s 400 kiloton per annum (KTA) polypropylene production facility. The facility, located in the southeastern port city of Ulsan, South Korea, is one of the largest of its kind in Asia.
Related Report:
• Allyl Aldehyde Market - https://www.cognitivemarketresearch.com/allyl-aldehyde-market-report
• Alcohol Additives Market - https://www.cognitivemarketresearch.com/alcohol-additives-market-report
• Allyl Diglycol Carbonate Market - https://www.cognitivemarketresearch.com/allyl-diglycol-carbonate-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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