Epichlorohydrin Market to Make Great Impact in Near Future by 2022

Introduction

Epichlorohydrin is a poisonous, colourless, volatile epoxide liquid with a bitter odour. Utilizing numerous reactors and separation columns, allyl chloride, chlorine, and water are combined to create epichlorohydrin. Epoxy resins, epichlorohydrin elastomers, water treatment chemicals, surfactants, and resin for paper manufacture are the main products made from epichlorohydrin.

Epoxy resins are used in a broad variety of industries, including paint, electronics, adhesives, automotive, and construction. This is driving the expansion of the epoxy resin industry, which in turn is boosting the growth of the global market for epichlorohydrin.

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Mostly epoxy resin manufacturing industries have the largest consumption of epichlorohydrin which is a prominent factor for the growth of global epichlorohydrin market. New eco-friendly technologies are being employed by the manufacturers for the production of epichlorohydrin like replacing the petro-based raw material (propylene) by bio-based raw material (glycerine).

The key drivers of the global epichlorohydrin market are the growth in the number of epoxy resin producers as epichlorohydrin serves as the key ingredient for manufacturing epoxy resin. From the epichlorohydrin market demand point of view the epoxy resin had the highest demand trailed by synthetic glycerine.

With the growth of automotive industries the use of epichlorohydrin based rubber in the automotive industry is also increasing thus facilitating to the market growth of global epichlorohydrin market. The stringent emission standards set by the government for the production of epichlorohydrin might act as a market restraint for the growth of epichlorohydrin market globally.

The lump sum production and export of epichlorohydrin by the China manufacturers could act as a restraint for other epichlorohydrin manufacturer's growth in the market. New technologically advanced process like the Epicerol process is replacing the traditional epichlorohydrin production process which eliminates the environmental restraints hindering the growth of the global epichlorohydrin market.

Market Segmentation

Basis of feedstock used
Petro-based feedstock
Propylene
Propylene and chlorine
Propylene and acetic acid
Bio-based feedstock
Glycerine

Basis of application
Epoxy resins
Ion exchange resin
Epichlorohydrin based rubber
Water treatment chemicals
Synthetic glycerine
Pharmaceutical
Others (quaternary amines, textiles, papers)

Basis of end use industry
Automotive
Adhesives
Paints
Surfactants
Construction
Wind turbine
Others (composites, insecticides)

The global epichlorohydrin market has been divided into seven key geographical regions which includes North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Globally and in the Asia Pacific region, China is the largest producer, manufacturer, exporter and consumer of epichlorohydrin mainly due to the increase in the number of epoxy resin production facilities followed by the automotive industries.

The other countries like South Korea, India and Taiwan are also estimated to project a promising growth rate to the epichlorohydrin market. In North America, the market of protective coating is huge in the United States accounting for a good consumption of epoxy resin thus propelling the epichlorohydrin market growth.

The emerging economies of Latin America like Argentina and Brazil are also foreseen to showcase substantial growth rate in the epichlorohydrin market over the forecast period. On the demand side North American and European market has tremendous demand for epichlorohydrin and is expected to register a healthy growth rate. The global epichlorohydrin market is expected to register a stable single digit CAGR over the forecasted period.

Some of the key players identified in the global epichlorohydrin market are:

The Dow Chemical Company, Solvay Chemical SA, Shandong Halli Chemical Industry Co. Ltd., and Spolchemie AS, NAMA Chemicals, Aditya Birla Chemicals, Kashima Chemical Co. Ltd., Tianjin Bohai Chemical Industry Group Co,.Ltd., Sumitomo Chemical Co. Ltd., Hanwha Chemical Co. Ltd., Tianjin Bohai Chemical Industry I&E Corp. , Zhonghai Fine Chemical Co. Ltd., Triplex Chemical Corp., Sinopec Baling Petrochemical Co. Ltd., Shandong Yuexin Chemical Co. Ltd.

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The report covers exhaustive analysis on:

Epichlorohydrin Market Segments
Epichlorohydrin Market Dynamics
Historical Actual Market Size, 2012 - 2014
Epichlorohydrin Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Epichlorohydrin Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Epichlorohydrin Market Drivers and Restraints
Regional analysis for Epichlorohydrin Market includes
North America
Latin America
Europe
Asia Pacific & Japan
The Middle East and Africa

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Report Highlights:
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size
Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance

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This release was published on openPR.