The key players in the global allyl alcohol 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.
The global allyl alcohol market is projected to grow at a CAGR of 1.0% in the forecast period of 2022-2027.
Allyl alcohol is a colourless, water-soluble liquid, having a mustard-like odour. It has a high level of toxicity, reactivity, and flammability. Allyl alcohol is used in many specialised products, such as flame-resistant materials, plasticisers, and drying oils. The liquid is also used in the production of glycidol, an intermediate used in the synthesis of chemicals, such as glycerol and glycidyl products. The increasing demand for glycerol production and polymer-based products is propelling the growth of the allyl alcohol market. The demand for allyl alcohol is dependent on the consumption patterns of plastic and chemical industries. Meanwhile, adoption of the product in the resin industry, as a coupling agent and in the paints and coating industry is projected to further aid the market growth in the forecast period.
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North America has a firm hold on the allyl alcohol market and is expected to dominate the market in the forecast period. The strong market hold is majorly due to the increase in demand for the product in manufacturing various chemical intermediaries. Europe is also expected to be a significant contributor to the allyl alcohol market. The Asia Pacific region, constituting countries such as China, India, South Korea, and Japan, is expected to increase the market growth due to advancements in the region's polymer and chemical manufacturing sector.
Headquarters: Houston, Texas
LyondellBasell Holdings B.V. is polypropylene and advanced polyolefin product manufacturer. The company operates, develops, and distributes its products in North America, Europe, and the Asia Pacific markets. It is one of the most significant chemicals, plastics, and refining companies globally, the leading producer of oxyfuels worldwide, and the world's largest global licensor of polyolefins technologies.
Headquarters: Tokyo, Japan
Showa Denko K.K. has made its name in various industries, from heavy industries to electronics to the computer industry. It has divided itself into five business sectors: petrochemicals, aluminium, electronics, chemicals, ceramic materials, and inorganic materials and has over 180 subsidiaries and affiliates. SDK has various overseas operations and a joint venture with a Netherlands-based company, Montell and Nippon Petrochemicals, to manufacture and market polypropylenes.
Seqens is a global leader in pharmaceutical solutions and speciality ingredients. The company offers a unique range of technologies that enables to manufacture complex molecules for small and large scale demands. Seqens operates 24 industrial plants and 10 R&D centres in the world.
Headquarters: Zouping City, China
Zouping Mingxing Chemical Co. is one of the subsidiary companies of Shandong Liangzou Mining Group and produces more than 30 kinds of pharmaceutical intermediate, pesticide intermediate, flavour and fragrance materials and textile auxiliary agent materials such as diallylamine, allylamine, triallylamine, dichloride, and allyl alcohol, among many others.
Headquarters: Osaka, Japan
Daicel Corporation is a chemical company that was first set up to produce nitrocellulose films but has now spread its domain and currently conducts its business in multiple fields such as celluloid technologies, organic chemicals, high-performance chemicals, polymers, and pyrotechnic devices. Their products include cellulose acetate, automotive airbag inflators, tow for cigarette filters, engineering plastics like liquid crystal polymers (LPCs), high-performance chemicals, and resin compounds.
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