Global Epichlorohydrin Market by Application (Epoxy Resins, Synthetic Glycerin, Pharmaceuticals, Water Treatment Chemicals) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global epichlorohydrin market value was USD 2.23 billion in 2017. It is expected to grow at a 5.4% CAGR during the forecast period. Epoxy chemicals are used in many end-use industries. The market is expected to see a significant increase in demand for epoxy resins in various end-use sectors such as construction and automotive, renewable energy, and building and construction. Paints, coatings This is the largest segment of end-use that uses epoxy resins to formulate their products.

The growth of the economies of emerging Asia Pacific countries will result in a higher consumption of epoxy resin in paints, coatings, automotive and other building and construction industries. The market for epichlorohydrin is seeing a rise in non-residential and private spending as a result.

Propylene is a major raw material used in epichlorohydrin manufacturing. Manufacturers have had to switch to glycerin-based raw materials due to the increasing demand for bio-based products. Many companies, including Dow Chemical Company, Samsung Fine Chemical and Solvay SA in Belgium, have begun to use renewable feedstock glycerin for ECH production. Epichlorohydrin used propylene as the starting material.

The high volatility in propylene prices and the increased production of raw Glycerin (a by-product from biodiesel manufacturing) has raised interest in processes that use glycerol as a raw material. ECH manufacturing has been following the "green" trend of the chemical industry, using sustainable engineering and eco-friendly raw materials. The market is experiencing a rise in demand from developing countries in Asia and Eastern Europe, which is boosting its growth.

These are the main product importers. The epichlorohydrin market would also be driven by the introduction of new technologies in the epoxy resin and polycarbonate industries. As plants in China reduce their output in order to comply with environmental regulations, tight supply of ECH is expected to continue in Asia Pacific. Factory closures have been caused by an environmental clean-up programme that was initiated in 2016 but has grown at a faster pace since January 2017.

Application Insights

Epoxy resins, pharmaceuticals and water treatment chemicals are the main applications for epichlorohydrin. The epoxy resins made from epichlorohydrin can be used in a variety of industries, including adhesives and coatings as well as plastics. These resins can also be used to make dyes and inks for various end-use industries. Synthetic glycerin, on the other hand, is widely used in cosmetics and commercial insecticides surfactants solvents pharmaceuticals textiles and paper sectors.

Epoxy resins are used in the construction industry to make floorings in high-traffic areas like shopping malls, industrial buildings, hospitals, and other public places. They have anti-slip texture. They can also be used to bond concrete to steel or concrete in monument restoration applications.

Epichlorohydrin can also be used in a variety of industries. These include ECH-based rubbers, inks, dyes, paper and agricultural products (such fungicides. insecticides. and bactericides), as well as inks and papers. ECH production has shifted from petroleum-based feedstock to biobased feedstock in recent years, switching from propylene and glycerin.

After reacting with ECH or dimethylamine, the agricultural residues can be used extensively to make anion exchangers. This is especially important because anion exchangers made from agricultural residues can reduce NO3 and increase yield at lower prices.

Regional Insights

North America was the second largest regional market in 2017, with a volume-based share of more than 19%. Specialty chemicals are seeing a rise in demand due to rising optimism in high-demand industries. The U.S. is the largest consumer of epichlorohydrin within this region and has taken a cautious approach to economic growth. Canada's introduction of stricter laws regarding epichlorohydrin will reduce the demand. Capital infusion and capacity expansion are two major factors expected to drive the demand for epichlorohydrin.

Asia Pacific was the largest region market, accounting for more than 50% of global volume. Global dominance was due to the presence in emerging countries like China, Taiwan, Malaysia and Malaysia which are major consumers of epichlorohydrin. India and Taiwan are expected to expand rapidly in the next few years due to increased demand from end-use sectors such as construction and electronics manufacturing. These regions are expected to see a rise in the demand for epoxy resins and petroleum refining activities.

Market Share Insights & Key Companies

Industry participants are primarily focusing on expanding product range and capacity expansion. Many companies offer a broad range of products that cater to many end-use industries and different geographies, ensuring a healthy demand-supply balance. Dow Chemical Company is the leader of this market. Lotte Fine Chemical, Shandong Haili Chemical Industry Co. Ltd. are two of the major players in the market. Around 74% of total market demand is met by the top 10 epichlorohydrin producers.

Epichlorohydrin Market Report Scope

The Report Covers Certain Segments

This report forecasts revenue growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2014 to 2030. Grand View Research segmented the global market report for epichlorohydrin based on application and region.

• Application Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2013)

  • Epoxy Resins

    • Paints & Coatings

    • Wind Turbine

    • Composites

    • Construction

    • Electrical & Electronics

    • Adhesives

    • Other

  • Synthetic Glycerin

  • Water Treatment Chemicals

  • Pharmaceuticals

  • Other

• Regional Outlook (Volume of Kilotons; Revenues, USD Millions, 2014-2013)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • The U.K.

    • France

    • Spain

    • Belgium

    • Netherlands

    • Luxembourg

    • Ireland

    • Denmark

    • Finland

    • Iceland

    • Norway

    • Sweden

    • Switzerland

    • Austria

    • Poland

    • Czech Republic

    • Slovakia

    • Baltic Nations

  • Asia Pacific

    • China

    • India

    • Malaysia

    • Taiwan

    • Australia

    • Vietnam

    • South Korea

  • Central & South America

    • Brazil

    • Chile

    • Colombia

  • Middle East

  • Africa

    • North Africa

    • Sub Saharan Africa

These are the most frequently asked questions about this report

b. Global epichlorohydrin market was valued at USD 2.47 Billion in 2019, and is projected to grow to USD 2.60 Billion by 2020.

b. Global epichlorohydrin sales are expected to increase at a compound annual rate of 5.4% between 2018 and 2030, reaching USD 4.40 billion in 2030.

b. Asia Pacific was the market leader in epichlorohydrin with a 54.5% share in 2019. This can be attributed to the rise in petroleum refining activities and increasing demand for epoxy resins.

b. Lotte Fine Chemical, Dow Chemical Company and Shandong Haili Chemical Industry Co. Ltd. are some of the key players in the epichlorohydrin industry.

b. The market growth is driven by the rising demand for epoxy resins in various end-use industries, such as building and construction and automotive and renewable energy.

Up Market Research published a new report titled “Epichlorohydrin Market research report which is segmented by Application (Epoxy Resins, Synthetic Glycerin, Pharmaceuticals, Water Treatment Chemicals), By Players/Companies Lotte Fine Chemical and Shandong Haili Chemical Industry Co Ltd Top 10 epichlorohydrin manufacturers cater to around 74% of the total market demand”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Epichlorohydrin Market Report Segments:

The market is segmented by Application (Epoxy Resins, Synthetic Glycerin, Pharmaceuticals, Water Treatment Chemicals).

Epichlorohydrin Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Epichlorohydrin Market

Overview of the regional outlook of the Epichlorohydrin Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Epichlorohydrin Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Epichlorohydrin Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Epoxy Resins

                2. Synthetic Glycerin

                3. Pharmaceuticals

                4. Water Treatment Chemicals

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Epichlorohydrin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Epichlorohydrin Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.