Global Allyl Alcohol Market Report and Forecast 2025-2034

Global Allyl Alcohol Market Size

The global allyl alcohol market is expected to grow in the forecast period of 2024-2032 at a CAGR of 1%.

Allyl Alcohol Market Outlook

• The growing demand for allyl alcohol from various industries, including pharmaceuticals, resins, and coupling agents, is expected to drive market growth.

• Dairen Chemical (DCC), Lyondellbasell, Showa Denko, Daicel, and Mingxing Chemical are some of the leading players in the market.

• As per industry reports, 4.3 billion individuals or over half (54%) of the world's population, now possess a smartphone. The increasing penetration of smartphones is driving growth of the optical resins segment.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Allyl Alcohol Market Growth

Allyl alcohol is a water-soluble, colourless liquid with a mustard-like smell. It has high toxicity, reactivity, and flammability. It is primarily used in the production of allyl esters for resins and plasticisers, as well as an intermediate in the production of pharmaceuticals and other organic chemicals. Allyl alcohol is also used as a fungicide and herbicide, in the production of glycerol and acrolein, and as a flavouring agent.

The increasing demand for allyl alcohol in the butanediol (BDO) industry, resin industry, and as a coupling agent is a major factor driving allyl alcohol market expansion, as these applications are expanding across the globe. The growing need for allyl alcohol in various end-use industries, such as plastics, pharmaceuticals, and agrochemicals, is also contributing to the market's expansion.

Key Trends and Developments

Growing demand for plastics, rising demand for glycerol-based products, and increasing utilisation of allyl alcohol in resin manufacturing are key trends impacting the allyl alcohol market

May 2024

Dairen Chemical Corporation (DCC) has joined The LYCRA Company and Qore in the development of renewable LYCRA fibre. DCC will convert QIRA, a bio-based material, into low-impact PTMEG using its allyl alcohol process, reducing the carbon footprint up to 44%.

March 2024

Daicel Corporation and Inabata & Co., Ltd. have established a joint venture company called Novacel Co., Ltd. that will commence operations in July 2024. Novacel will succeed Daicel group's research, development, and sales in resin colouring and compounding.

January 2024

Mitsubishi Chemical Group is working towards commercialising chemically recycled polycarbonate (PC) resin by extracting methyl methacrylate (MMA) from acrylic resin waste. This will scale up its resin recovery initiative and help achieve a processing capacity of 10,000 tonnes of resins per year by 2030.

February 2023

Mitsubishi Chemical Group Corporation decided to enhance the production capacity of polyvinyl alcohol resin, GOHSENX and Nichigo G-Polymer to meet the growing demand for food packaging materials. The new facility at the Okayama Plant will commence in October 2024.

Increasing utilisation of allyl alcohol in resin manufacturing

The demand for epoxy and polyurethane resins is increasing due to their use in various applications like coatings, adhesives, and composites. This is expected to drive the demand for allyl alcohol, a key raw material in resin production.

Growing demand for plastics and polymers

Another key trend leading to a favourable allyl alcohol market outlook is the growing demand for plastics and polymers in packaging, construction, and automotive applications. Allyl alcohol is used as a raw material in the production of polyurethane, polyethylene, and polypropylene.

Rising demand for glycerol-based products

The allyl alcohol market is also witnessing a rising demand for glycerol-based products.  Glycerol, which is used in various applications like pharmaceuticals, cosmetics, and food products uses allyl alcohol as a raw material in its production process.

Allyl Alcohol Market Trends

Allyl alcohol is consumed in many specialised compounds, such as flame-resistant materials, plasticisers, and drying oils. It also acts as a crucial feedstock in the production of glycidol, an intermediate used in the synthesis of chemicals, such as glycerol and glycidyl products. The growing demand for glycerol production and polymer-based products is aiding the allyl alcohol market growth.

Moreover, the demand for allyl alcohol is dependent on the consumption and production patterns of plastic and chemical industries. Rapid growth in these industries can further propel the market growth. The adoption of allyl alcohol in the paints and coating industry is anticipated to provide a further impetus for the growth of the market over the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Allyl Alcohol Industry Segmentation

The EMR’s report titled “Allyl Alcohol Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Application

• Optical Resins

• Safety Glass

• CRT Screens

• Paints and Coatings

• Silane Coupling Agents

• Polymer Crosslinking Agents

• Others

Market Breakup by Region

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa

Allyl Alcohol Market Share

The demand for allyl alcohol is rising due to its various applications across different industries

Optical resins are a significant application of allyl alcohol. The demand for optical resins is driven by their use in various applications such as lenses, prisms, and other optical components. The market for allyl alcohol in optical resins is expected to grow at a moderate rate due to the increasing demand for high-quality optical components in various industries like aerospace, automotive, and consumer electronics.

As per allyl alcohol market analysis, safety glass is another key application of allyl alcohol. The demand for safety glass is driven by its use in various applications such as automotive windshields, architectural glass, and other safety-related applications. The segment is expected to grow at a moderate rate due to the increasing demand for safety glass in various industries.

Paints and coatings are a significant application of allyl alcohol as paints and coatings are applied in architectural, automotive, and industrial projects. The segment is expected to contribute to allyl alcohol market growth due to the increasing demand for high-quality coatings in various industries. Meanwhile, the demand for polymer crosslinking agents is driven by their use in production of plastics and rubbers.

CRT (Cathode Ray Tube) screens are a traditional application of allyl alcohol. The demand for CRT screens is driven by their use in various applications such as televisions and computer monitors. Although the market for CRT screens is declining due to the shift towards newer technologies like LCD and OLED, allyl alcohol is still used in the production of CRT screens, and thus, the segment is expected to maintain a steady growth rate.

Leading Companies in the Allyl Alcohol Market

Market players are adopting strategies such as partnerships, mergers, and acquisitions to maintain their market share and stay competitive

LyondellBasell Industries Holdings B.V. was founded in 2007 because of the merger of Lyondell and Basell and is based in Texas, United States. The company produces petrochemicals, including olefins, polyolefins, intermediates, and speciality chemicals for production of plastic and fuels.

Showa Denko K.K. was founded in 1932 and is headquartered in Tokyo, Japan. The company is known for producing a diverse range of chemicals, electronic materials, advanced materials, and energy-related materials for electronics, automotive, and construction industries.

Seqens Group was formed in 2018 through the merger of BASF's Performance Chemicals division and the speciality chemicals business of Lanxess. Its headquarters are in Lyon, France. The company produces intermediate and agrochemicals for pharmaceuticals, personal care, and agricultural industries.

Zouping Mingxing Chemical Co. Ltd. was founded in 1996 and is based in Shandong, China. The company produces a variety of chemicals, including intermediates and petrochemicals for manufacturing, construction, and energy industries.

Other key players in the global allyl alcohol market include Daicel Corporation, and Dairen Chemical Corporation (DCC), among others.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Allyl Alcohol Market Analysis by Region

North America leads the market share due to the rising demand for chemical manufacturing

North America held a significant market share in the historical period and is anticipated to remain a key market over the forecast period of 2024-2032. This can be correlated to the surging demand for the product in the manufacturing of various chemical intermediaries.

Europe is also predicted to be one of the major regional markets for allyl alcohol. A swift growth in allyl alcohol market share is expected in the Asia Pacific region owing to significant advancements in polymer and chemical manufacturing sectors in countries such as China, India, South Korea, and Japan. The rapid growth in the plastic industry is also fuelling the demand for the product.

Key Highlights of the Report

Allyl Alcohol Market Report Snapshots

Allyl Alcohol Market Size

Allyl Alcohol Market Growth

Allyl Alcohol Market Trends

Allyl Alcohol Market Share

Allyl Alcohol Companies

Allyl Alcohol Market Regional Analysis