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The global allyl alcohol market is expected to grow in the forecast period of 2025-2034 at a CAGR of 1%.
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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.
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 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.
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The EMR’s report titled “Allyl Alcohol Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Application
Market Breakup by Region
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.
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.
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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 2025-2034. 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.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The allyl alcohol market is expected to grow at a CAGR of 1% between 2025 and 2034.
The major drivers of the market include rising disposable incomes, developments in the chemical industry, and the demand for glycerol-based products.
Key trends aiding market expansion include the increasing utilisation of allyl alcohol in resin manufacturing, rising need for safety glasses, and growing demand for plastics and polymers.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of allyl alcohol include optical resins, safety glass, CRT screens, paints and coatings, silane coupling agents, and polymer crosslinking agents, among others.
Asia Pacific is expected to dominate the market within the forecast period.
The dominant applications of allyl alcohol are expected to be the BDO industry, resin industry, and coupling agents.
The major challenges include fluctuating raw material costs, environmental regulations, and competition from alternative products.
Key players in the market are LyondellBasell Industries Holdings B.V., Showa Denko K.K., Seqens Group, Zouping Mingxing, Chemical Co. Ltd., Daicel Corporation, and Dairen Chemical Corporation (DCC), among others.
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Australia
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India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
Vietnam
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