ID: MRFR/CnM/2118-HCR | February 2021 | Region: Global | 140 pages
Synopsis of Epichlorohydrin Market
Global Epichlorohydrin is expected to witness a significant growth of 2580.04 Kilo Tons by 2027 with a CAGR of 5.2% between 2019 and 2027.
Epichlorohydrin also known as ECH, chloromethyloxirane, 2, 3-epoxypropyl chloride, oxirane. Epichlorohydrin have features such as excellent resistance to hydrocarbon oils & fuels, excellent resistance to ozone & weathering, low solvent & gas permeability, and durability from low to high temperature. Epichlorohydrin is used mainly for the production of epoxy resins, synthetic glycerin, water treatment chemicals, and others. Substantial growth in the demand of epoxy resins for various end-user industries anticipated to drive the epichlorohydrin market and high demand of synthetic glycerin due to increasing applications projected to drive the epichlorohydrin market. Epichlorohydrin is irritating and moderately toxic when it gets contact with skin and if swalloed, also it is carcinogenic. Hence concern of regulatory bodies regarding dangerous effects of epichlorohydrin on health as well as environment expected to hamper the global epichlorohydrin market growth.
Global Epichlorohydrin Market (2018-2027) (Kilo Tons)
Asia Pacific is the largest market of epichlorohydrin due to demand in various applications such as epoxy resins and synthetic glycerin in China region followed by Japan. Increasing demand for epoxy resins and synthetic glycerin in the India, Taiwan, and South Korea has made Asia Pacific largest consumer of the global epichlorohydrin market followed by increasing in the consumption of epichlorohydrin market in Europe region. The third largest market of epichlorohydrin is North America. Latin America and Middle East also witnessed in growth of epichlorohydrin market due to various end user industry such as automotive, electronics, textiles, industrial, pharmaceutical, and others
The global epichlorohydrin market is majorly segmented on the basis of application, end users and region. Based on application of epichlorohydrin the market is segmented into epoxy resins, synthetic glycerin, water treatment chemicals, and others (elastomers, water-treatment resins, surfactants, ion exchange resins, plasticizers, dyestuffs, oil emulsifiers, lubricants, and adhesives). Based on end user the market segmented into automotive, electronics, textiles, pharmaceutical, construction industry, and others and based on region market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.
Key players of the global epichlorohydrin market are Solvay S.A. Chemicals company (Europe), Zachem SA (Europe), Samsung Fine Chemicals Co., Ltd. (Korea), Dow Chemical Company (US), Sumitomo Chemical Co. (Japan), Aditya Birla Chemicals (India), Osaka Soda Co., Ltd. (Japan), Formosa Plastics Corporation (US), Shandong Haili Chemical Industry Co. Ltd (China), NAMA Chemicals (Saudi Arabia), and others.
The report covers brief analysis of geographical region such as: North America
Study Objectives of Epichlorohydrin Market
Frequently Asked Questions (FAQ) :
The global epichlorohydrin market is expected to reach more than 2,580 kilotons by 2023.
The market is expected to exhibit a strong 5% CAGR over the forecast period.
The growing demand for epoxy resins and water treatment chemicals is the major driver for the epichlorohydrin market.
Asia Pacific, dominated by China and Japan, is the leading regional market for epichlorohydrin.
Leading players in the market include Solvay SA, Zachem SA, and Dow, among others.