Press release
Global Allyl Chloride Market to Reach USD 4.3 Billion by 2033, Driven by Growing Demand from Epoxy Resins and Pharmaceuticals
Allyl Chloride Market
This growth is fueled by rising demand for allyl chloride in the production of epichlorohydrin-an essential ingredient for epoxy resins-and the continued expansion of the pharmaceutical industry.
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Epoxy Resin Demand Boosting Market Growth
Epoxy resins are widely used in industries such as construction, automotive, aerospace, and electronics due to their strong adhesive properties, chemical resistance, and durability. As these industries expand, the need for high-performance materials is on the rise, directly driving the consumption of epoxy resins and, in turn, allyl chloride.
The trend toward lightweight and sustainable materials further increases epoxy resin usage. Manufacturers are responding by improving production processes to meet market needs. Notable developments include a May 2023 approval in Shandong Province, China, for a project by Dongying Yi Rui Zengnew Material Technology Co. LTD. This facility will produce 200,000 tonnes of electronic-grade epoxy resin and special resin materials annually.
In March 2023, Sinopec also announced a USD 1.56 billion refinery upgrade in Northern China, which includes a new epichlorohydrin plant with a capacity of 100,000 tonnes per year, further supporting allyl chloride demand.
Pharmaceutical Sector Expansion
The pharmaceutical industry is another key driver for allyl chloride market growth. Allyl chloride is used as an important intermediate in producing active pharmaceutical ingredients (APIs) for various medications. Growing global healthcare spending, research in new drug formulations, and rising demand for personalized medicine are expected to increase consumption.
In India, the pharmaceutical sector grew by 3-5% in FY 2021 compared to the previous year, with the global industry valued at USD 1.11 trillion in 2018 and projected to grow further due to demand for COVID-19 treatments and vaccines. Leading companies like Pfizer, Johnson & Johnson, and Dr. Reddy Laboratories are expected to benefit from this expansion, which will increase the use of allyl chloride as an alkylating agent.
Market Challenges
Despite strong growth prospects, the allyl chloride market faces challenges from strict environmental regulations and safety requirements. Chemical production, handling, and disposal must comply with stringent guidelines to protect human health and the environment. These regulations often require additional investments in safety systems, waste management, and process improvements.
Additionally, there is a growing push for eco-friendly alternatives and greener production processes, prompting companies to increase research and development spending.
Segment Insights
By end-use, the pharmaceutical industry held the largest share of the market in 2024 due to its high demand for allyl chloride in API production.
The oil and gas industry is expected to see the fastest growth over the forecast period. Allyl chloride is used in corrosion inhibitors and demulsifiers essential for oil and gas extraction and refining. As exploration activities increase-particularly in offshore and unconventional fields-the demand for allyl chloride in this sector is set to grow significantly.
Key Drivers at a Glance
Rising epoxy resin demand across multiple industries.
Pharmaceutical industry growth, increasing API production needs.
Expansion in oil and gas exploration, driving demand for corrosion inhibitors and demulsifiers.
Key Restraints
Stringent environmental and safety regulations.
Push toward sustainable and eco-friendly alternatives.
Some of the key companies in the global Allyl Chloride Market include:
OSAKA SODA, Kashima Chemical Co., Ltd, INOVYN, Sumitomo Chemical Co., Ltd, Gelest, Inc.
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Allyl Chloride Market Market Segmentation Analysis :
By End-use Outlook (Revenue, USD Million; 2020-2033)
Pharmaceutical
Oil and Gas
Paintings and Coatings
Others
By Application Outlook (Revenue, USD Million; 2020-2033)
Allyl Amines
Allyl Sulfonates
Epichlorohydrin
Glycidyl Ether
Water Treatment Chemicals
Others
By Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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