Epichlorohydrin Market Research Report- Forecast to 2027

Epichlorohydrin Market Information - by Application (Epoxy Resins, Synthetic Glycerin, Water Treatment Chemicals, and Others), By End User (Automotive, Electronics, Textiles, Pharmaceutical, Construction Industry, and Others) and by Region - Forecast till 2027

ID: MRFR/CnM/2118-HCR | February, 2021 | Region : Global

Epichlorohydrin Market: Overview

The epichlorohydrin market 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 is a compound with the presence of both chlorine elements and epoxy. Due to such features, it is highly used in many sectors. Due to the presence of chiral nature and presence of a strong epoxy bond, it is slightly soluble in water. Epichlorohydrin is used in the manufacturing of epoxy resins, glues, and plastic. Glycerin is used as a raw material in the manufacturing of epichlorohydrin. Epichlorohydrin is can further be used with nitrate to manufacture fumigants, solvents, and other explosives. Epichlorohydrin reacted with polymers used to make paper. Apart from that, epichlorohydrin is also used to make foods and beverages. Epichlorohydrin is also used to make filters of coffee and, in the water purification process, teabags. Epichlorohydrin is used in the form of alkyd resins in the coating industry and paints. It is indeed in the manufacturing work to produce glycerin and cellphone. ECH is also using it to make cosmetics products, and explosive, and other military products. Epichlorohydrin is used in the water cleaning process and in water treatment sectors. The industries such as detergents, surfactants use epichlorohydrin in their manufacturing process.


The paintings and coatings highly use epichlorohydrin, and therefore it is responsible for the majority of share in the ECH market and thus will boost the market in the forecast period due to the high application of epichlorohydrin in paints & coatings in construction work as well as the automobile industry. Many water cleaning initiatives have been taken by the government, and it will create a high demand for the epichlorohydrin market. Apart from that, the application of epichlorohydrin in the electrical and electronics manufacturing process will increase the demand of the epichlorohydrin market. The need for epichlorohydrin in various sectors will drive the growth of epichlorohydrin market demand in the forecast period. Epichlorohydrin is also used to make plastics, and increase the demand for plastic around the globe will have a positive impact on the epichlorohydrin market demand.


owing to the demand for epichlorohydrin in many sectors and Industries. Epichlorohydrin is a colorless compound that has a huge range of applications in the manufacturing of pharmaceuticals, glycerin, epoxy resins, and water cleaning chemicals. Epichlorohydrin is used due to its high resistance power to chemicals and moisture. Epichlorohydrin offers to support the weight without making any compromise on the weight needs. The need for epichlorohydrin in manufacturing of various products contributing highly to boost epichlorohydrin market size.


Competitive landscape


The major key players in the Epichlorohydrin Market are:



  • Dow Chemical Company,

  • Aditya Birla Chemicals, 

  • Formosa Plastics Corporation, 

  • NAMA Chemicals, 

  • Samsung Fine Chemicals Co. Ltd., 

  • Solvay SA.

  • Shandong Haili Chemical Industry Co. Ltd., 

  • Osaka Soda Co. Ltd.,

  • Sumitomo Chemical Co.,

  • Zachem S.A., 


These key players are highly contributing to the market, but Aditya Birla Chemicals is contributing the most. Epichlorohydrin manufacturers in India contribute highly to the market.


Covid-19 analysis


The covid-19 outbreak has affected the global economy highly, and starting from small businesses to large-scale businesses are highly affected due to this virus. The government has imposed a lockdown in many countries to fight against the virus, and social distancing has also been imposed by the government to stop the fast-spreading of covid-19. Due to this, many countries are going through shut down, and the production of products is at a halt. Due to low production in many sectors, the demand for epichlorohydrin has decreased. Further, the construction work had stopped in almost all regions as paintings and coatings contribute highly to the market that is why the epichlorohydrin market demand is hampered. The key players are trying their best to boost the market demand, but the market is expected to see growth after the post-covid-19 situation.


Market Dynamics


Market drivers


One of the major drivers in the epichlorohydrin market is the increasing demand for paints and coatings in the construction sector. Paints and coatings were responsible for the largest share of the market in 2014, and it is expected to increase more in the forecast period. The need for construction with the improvement of infrastructural growth will create a positive impact on the market in the forecast period. Apart from construction, paints and coatings are used in automobile sectors, and increasing demand for automobiles with an increasing population will boost the epichlorohydrin market size. Another major driver that is driving the epichlorohydrin market demand is the use of plastic in various industries. As plastic is one of the most used things in the globe and therefore the need for epichlorohydrin in the manufacturing of plastic is driving the epichlorohydrin market demand. The government initiatives to provide clean water and increase the need for water purification are fueling the epichlorohydrin market size. The epichlorohydrin market will see huge growth in the forecast period owing to a wide range of applications in the making of glues, glycerol, and epoxy resins.


Market opportunities


Epichlorohydrin is highly used in the construction sector for painting and coatings. And the need for infrastructural growth with the growing economy and government initiatives to provide better Infrastructure will bring opportunities to the market. People are building Residential places due to a better economic state, and it is contributing to the epichlorohydrin market size growth. With the increasing population, the automobile sectors are growing, and with it, the need for paints and coatings is also increasing. And it brings new opportunities to the epichlorohydrin market.


Market restraints


One of the major restraints is the side effects of epichlorohydrin on human health and the environment. Increasing human awareness about harmful chemicals is one of the biggest market restraints; also, in many countries, governments are putting a ban on epichlorohydrin due to environmental concerns. With the advancement of technology, many other chemicals are replacing epichlorohydrin, such as the epicerol method is replacing Traditional methods of production. And it helps to eliminate the environmental side effects. As a result, it has become a restraint for the epichlorohydrin size. Restrictions in using of epichlorohydrin due to its toxicity are hampering the market.


Market challenges


One of the biggest challenges for the market is the replacement of traditional methods with new techniques. And nowadays industry is adopting new techniques for manufacturing products that are a big challenge for the market. Growing health concerns in people is another challenge for the epichlorohydrin market. Better alternatives of epichlorohydrin that are good for the environment are one of the biggest challenges for the epichlorohydrin market. The key players are trying their best to overcome these challenges to boost the market demand in the coming years. As a result, the market is expected to grow in the forecast period.


Cumulative growth analysis


Epichlorohydrin has a wide range of applications in the manufacturing of different products. As a result, the market will grow rapidly in the forecast period. Epichlorohydrin is used to make paints, coatings, plastic, water filters, and other products, and due to the high demand for these products, the market will see huge growth in demand. The epichlorohydrin market size is expected to grow at a CAGR rate of 5% at the end of the year 2023.


Regional analysis


The major regions in the epichlorohydrin market are North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific holds the highest share in the market due to the rapid growth of population and infrastructural growth. Countries like India, Japan, and China contributing the most to the epichlorohydrin market demand growth. There are Epichlorohydrin manufacturers in India, increasing the demand of the market. Increasing demand for automotive and consumer electronics has increased the Epichlorohydrin manufacturers in India. And therefore, Asia Pacific is growing at a faster CAGR rate.


North America holds the second-highest share in the epichlorohydrin market size due to the high demand for chemical products, capital infusion, capacity expansion, and oil exploration. The US is the major contributor in this region. Just like epichlorohydrin manufacturers in India, the presence of manufacturers in the US is boosting the market in this region. The European region holds the third position in the market due to rapid growth in the automotive sectors in this region. All these regions will show rapid growth in demand in the forecast period of the market.


Recent developments


August 2019: An epoxy resin containing phosphorus derived from sebacic acid.

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Market

5 Industry Overview of Global Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Epichlorohydrin Market by Region

8. Global Epichlorohydrin Market by Application (Epoxy Resins, Synthetic Glycerin, Water Treatment Chemicals, and Others)

9. Global Epichlorohydrin Market by End User (Automotive, Electronics, Textiles, Pharmaceutical, Construction Industry, and Others)

10. Company Profiles

10.1 Solvay S.A. Chemicals company

10.1.1 Company Overview

10.1.2 Product/Business Segment Overview

10.1.3 Financial Updates

10.1.4 Key Developments

10.2 Zachem SA

10.2.1 Company Overview

10.2.2 Product/Business Segment Overview

10.2.3 Financial Updates

10.2.4 Key Developments

10.3 Samsung Fine Chemicals Co., Ltd

10.3.1 Company Overview

10.3.2 Product/Business Segment Overview

10.3.3 Financial Updates

10.3.4 Key Developments

10.4 Dow Chemical Company

10.4.1 Company Overview

10.4.2 Product/Business Segment Overview

10.4.3 Financial Updates

10.4.4 Key Developments

10.5 Sumitomo Chemical Co.

10.5.1 Company Overview

10.5.2 Product/Business Segment Overview

10.5.3 Financial Updates

10.5.4 Key Developments

10.6 Aditya Birla Chemicals

10.6.1 Company Overview

10.6.2 Product/Business Segment Overview

10.6.3 Financial Updates

10.6.4 Key Developments

10.7 Osaka Soda Co., Ltd.

10.7.1 Company Overview

10.7.2 Product/Business Segment Overview

10.7.3 Financial Updates

10.7.4 Key Developments

10.8 Formosa Plastics Corporation

10.8.1 Company Overview

10.8.2 Product/Business Segment Overview

10.8.3 Financial Updates

10.8.4 Key Developments

10.9 Shandong Haili Chemical Industry Co.

10.9.1 Company Overview

10.9.2 Product/Business Segment Overview

10.9.3 Financial Updates

10.9.4 Key Developments

10.10 NAMA Chemicals

10.10.1 Company Overview

10.10.2 Product/Business Segment Overview

10.10.3 Financial Updates

10.10.4 Key Developments

11 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2019 To 2030) (Kilo Tons)

Table 2 Global Epichlorohydrin Market: By Region, 2019-2027 ( Kilo Tons)

Table 3 North America Epichlorohydrin Market: By Country, 2019-2027 ( Kilo Tons)

Table 4 Europe Epichlorohydrin Market: By Country, 2019-2027 ( Kilo Tons)

Table 5 Asia-Pacific Epichlorohydrin Market: By Country, 2019-2027 ( Kilo Tons)

Table 6 RoW Epichlorohydrin Market: By Country, 2019-2027 ( Kilo Tons)

Table 7 Global Epichlorohydrin by End User Market: By Regions, 2019-2027 ( Kilo Tons)

Table 8 North America Epichlorohydrin by End User Market: By Country, 2019-2027 ( Kilo Tons)

Table 9 Europe Epichlorohydrin by End User Market: By Country, 2019-2027 ( Kilo Tons)

Table10 Asia-Pacific Epichlorohydrin by End User Market: By Country, 2019-2027 ( Kilo Tons)

Table11 RoW Epichlorohydrin by End User Market: By Country, 2019-2027 ( Kilo Tons)

Table12 North America Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table13 Europe Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table14 Asia-Pacific Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table15 RoW Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table16 Global Epichlorohydrin for Application Market: By Region, 2019-2027 ( Kilo Tons)

Table17 North America Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table18 Europe Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table19 Asia-Pacific Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table20 RoW Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table21 RoW Epichlorohydrin for Application Market: By Country, 2019-2027 ( Kilo Tons)

Table22 Global End User Market: By Region, 2019-2027 ( Kilo Tons)

Table23 Global Application Market: By Region, 2019-2027 ( Kilo Tons)

Table24 North America Epichlorohydrin Market, By Country ( Kilo Tons)

Table25 North America Epichlorohydrin Market, By End User (Kilo Tons )

Table26 North America Epichlorohydrin Market, By Application (Kilo Tons )

Table27 Europe: Epichlorohydrin Market, By Country ( Kilo Tons)

Table28 Europe: Epichlorohydrin Market, By End User ( Kilo Tons)

Table29 Europe: Epichlorohydrin Market, By Application ( Kilo Tons)

Table30 Asia-Pacific: Epichlorohydrin Market, By Country ( Kilo Tons)

Table31 Asia-Pacific: Epichlorohydrin Market, By End User ( Kilo Tons)

Table32 Asia-Pacific: Epichlorohydrin Market, By Application ( Kilo Tons)

Table33 RoW: Epichlorohydrin Market, By Country ( Kilo Tons)

Table34 RoW Epichlorohydrin Market, By End User ( Kilo Tons)

Table35 RoW: Epichlorohydrin Market, By Application ( Kilo Tons)

LIST OF FIGURES

FIGURE 1 Global Epichlorohydrin Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Market

FIGURE 4 Value Chain of Global Market

FIGURE 5 Share of Global Epichlorohydrin Market in 2019, by country (in %)

FIGURE 6 Global Epichlorohydrin Market, 2019-2027, ( Kilo Tons)

FIGURE 7 Sub-segments of Applications

FIGURE 8 Global Epichlorohydrin Market size by Application, 2019

FIGURE 9 Share of Global Epichlorohydrin Market by Application, 2012 to 2027

FIGURE 10 Global Epichlorohydrin Market size by End User, 2019

FIGURE 11 Share of Global Epichlorohydrin Market by End User, 2012 to 2027

Epichlorohydrin Market