Allyl Chloride Market Analysis with Key Competitors 2022- Revenue, Business Size, and Opportunities Forecast to 2030
The allyl chloride market size is anticipated surpass USD 2,845.1 million by 2030 and record a CAGR of 4.11% CAGR over 2022-2030. Allyl chloride, a pungent chemical smelling chemical. The use of the chemical as a base for producing epichlorohydrin, glycerin, and other derivatives is likely to boost the allyl chloride market growth till 2030. The increasing use of allyl chloride derivatives across numerous end-use industries is expected to fuel the market growth. This is exemplified by the demand for epoxy resins, derived with the help of allyl chloride, in building & construction and aerospace & defense industries. In addition, the need for quaternary ammonium salts for wastewater management is another driver of the allyl chloride market. For instance, food & beverage manufacturers are investing in water management projects owing to demand for freshwater. Rising demand for epoxy resins in end-use industries is likely to boost the market growth. The automotive sector, for