Allyl Chloride Market Overview:
For the global Allyl Chloride market analysis, a research team conducted extensive primary and secondary research. Secondary research was conducted to supplement existing data, segment the market, calculate overall market size, and forecast market size and growth rate.
Allyl chloride is an organochlorine compound. It is primarily converted to epichlorohydrin, which is used in the production of plastics. Epichlorohydrin production is the primary source of allyl chloride demand. Allyl chloride is converted into epichlorohydrin via epoxidation or by reacting allyl chloride with hydrochloric acid. Allyl chloride is also used to make allyl alcohol, allyl isothiocyanates, allylamine, and allyl silane.
Allyl Chloride is also used as an alkylating agent in the production of various chemical compounds. Allyl chloride is a flammable compound that is toxic to humans in nature. The rising demand for epoxy resins, which are primarily made from epichlorohydrin, is driving allyl chloride demand from epichlorohydrin production.
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Allyl Chloride Market Scope:
The study employs PESTLE analysis to assess the advantages and disadvantages of major market participants. In order to forecast the market and provide investment advice, the researcher carefully examines the size, share, trend, total profit, total revenue, and profit margin of the Allyl Chloride market. Subject-matter experts advise on market changes.
The report includes information on the major market participants, in addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information. This report examines the Allyl Chloride market for trends, size, and value at the global, regional, and corporate levels. Using historical data and future projections, this study examines the global market for Allyl Chloride.
Allyl Chloride Market Segmentation:
Epichlorohydrin is employed in the production of flame retardants, surfactants, and epoxy resins, among other things, and is predicted to dominate the global allyl chloride market’s application segment. During the anticipated period, the epichlorohydrin segment’s market share will grow significantly. The automotive, construction, and household sectors are the main sources of demand. Epichlorohydrin is used to make epoxy resins, which have excellent qualities like toughness, resistance to moisture and chemicals, high tensile strength, and good dielectric properties. During the forecast period, these factors are anticipated to increase the demand for allyl chloride from producers (2022-2027).
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Allyl Chloride Market Key players:
- Osaka Soda (Japan)
- Sumitomo Chemicals (Japan)
- Solvay (Belgium)
- INOVYN (UK)
- Oilin (USA)
- Gelest (USA)
- Hexion (USA)
- Chemical Corp Pvt Ltd (Japan)
COVID-19 Impact on Allyl Chloride market:
The COVID-19 outbreak has had a significant impact on the Allyl Chloride market. Due to the global economic downturn and a labour shortage, the development of Allyl Chloride production facilities has been halted. The pandemic of COVID-19 has resulted in a significant and long-term decrease in production utilisation. Furthermore, travel restrictions and facility closures have hampered staff visits, limiting the growth of the Allyl Chloride market in 2020. However, given the high demand for Allyl Chloride, the market effects of COVID-19 are expected to be transient. The industry is expected to fully recover by early 2021.
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