US Allyl Chloride Market Overview
In 2017, the demand for allyl chloride in the United States took the forefront, capturing the largest market share of 75.65% with an impressive market value of USD 308.2 Million. This dominance in the market is anticipated to persist and even strengthen, with a projected Compound Annual Growth Rate (CAGR) of 3.37% during the forecast period. This robust growth indicates a sustained and increasing demand for allyl chloride in the United States, affirming its pivotal role in various industrial applications.
Canada secured the position of the second-largest market for allyl chloride in 2017, boasting a market value of USD 99.2 Million. The market dynamics in Canada are noteworthy, and the allyl chloride market is poised for continued expansion with a projected CAGR of 3.29%. This growth signifies a steady demand for allyl chloride in the Canadian market, reflecting its importance and application across diverse sectors.
The dominance of the United States in the allyl chloride market can be attributed to several factors. The country's robust industrial infrastructure, coupled with a diverse range of applications for allyl chloride, has propelled its demand. Industries such as manufacturing, chemicals, and pharmaceuticals contribute significantly to the substantial market share held by the U.S. The projected growth at a CAGR of 3.37% underscores the sustained demand for allyl chloride in the country, emphasizing its integral role in various industrial processes.
Canada, as the second-largest market, also plays a crucial role in the allyl chloride landscape. The steady growth projected at a CAGR of 3.29% indicates a consistent demand for allyl chloride in the Canadian market. This demand is likely driven by factors such as increased industrial activities, a growing emphasis on chemical manufacturing, and the versatile applications of allyl chloride in different sectors.
The demand for allyl chloride in the United States and Canada showcases a robust market scenario, with both countries contributing significantly to the global allyl chloride landscape. The anticipated growth in both markets reinforces the importance of allyl chloride in various industries, emphasizing its role as a key chemical intermediate in diverse applications.
| Report Attribute/Metric |
Details |
| Market Size |
2030 : USD 2845.1 Million |
| CAGR |
CAGR of 4.11% |
| Base Year |
2020 |
| Forecast Period |
2021-2030 |
| Historical Data |
2019 |
| Forecast Units |
Value (USD Million) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Material Type, Application and End-Use |
| Geographies Covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors |
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.), |
| Key Market Opportunities |
Despite these many applications of allyl chloride, the chemical still holds the capability. industries. It can also be used in different products in the existing industries it is used in. |
| Key Market Drivers |
Increase in demand for epoxy resins in these many industries has eventually benefitted the Allyl Chloride Market. |
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