Epichlorohydrin Market Report 2020-2030
Epichlorohydrin Market Report 2020-2030: A Global Epichlorohydrin Market Estimate and Forecast – Industry Insights for Consumption, Demand, Production, Price Trend, Competitive Intelligence and Opportunity Analysis Along the Value Chain
The epichlorohydrin market was valued at $2.4 billion in 2018. Epichlorohydrin is a flammable, colorless, volatile, liquid, chlorinated and clear that are used in the manufacturing process of synthetic glycerine, epoxy resins and elastomers. Moreover, epichlorohydrin provides efficient resistance to weathering, hydrocarbon oils, fuels, gas permeability and low solvent. It also enables resilience from high to low temperature.
Further, epichlorohydrin is significantly being adopted for the manufacturing process of synthetic glycerine, epoxy resigns, water treatment chemicals and others. Significant demand for epoxy resins observed from several end-user industries is further anticipated to uplift the demand for global epichlorohydrin market. Epichlorohydrin is used in the production process of epoxy resins expansively that are used in adhesives, coatings and plastics. There are several biologically dynamic substances developed with the reaction of epichlorohydrin with sodium salts or alcohols of alkylphenols and have witnessed increased acceptance in various fungicides, insecticides and bactericides.
Increasing demand for epoxy resins from several industries such as automotive, building & construction, textile, and renewable energy equipment is the key factor driving the growth of global epichlorohydrin market. In the textile domain, epichlorohydrin is employed for modifying carboxyl groups of wool. Further epichlorohydrin are also used for preparing wool like fibers and protein-modified that have an attraction for acid dyes that reveal resistance from both insects and mold. However, a distress of regulatory bodies pertaining to adverse effects of epichlorohydrin on environment as well as health is anticipated to hamper the growth of global epichlorohydrin market.
Epichlorohydrin market forecast 2020 – 2030 estimates the historical market size in terms of consumption as well as revenue generated by the industry players across the globe. It offers the opportunity analysis along the value chain for the epichlorohydrin manufacturers. Also, the report offers the vendor analysis along with price trend which provides an edge to the stakeholders especially manufacturers to create a better understanding of the market. Various industry players benefit from the product benchmarking and matrix helping them to take right decision in choosing the right product with optimum prices suited for their end use applications.
On the basis of application, the global epichlorohydrin market is segmented into epoxy resins, water treatment chemicals, pharmaceuticals, synthetic glycerin, and others. Among all these segments, epoxy resins is estimated to contribute largest revenue in the market in 2018, owing to extensive utilization of these resins in various industries such as adhesives, plastics, paints and coatings, composites, wind turbine, and electronics and electrical. These resins are also used in the production of inks and dyes in several end-user industries. Epoxy resins helps in yielding flexible films that are chemically torpid to caustic soda and several other chemical solutions.
Epichlorohydrin market in Asia-Pacific was the largest regional market in 2018, owing to extensive demand for synthetic glycerine and epoxy resins from various countries such as South Korea, India, China, and Taiwan. Additionally, rampant growth of construction industry and automotive domain is thus exaggerating the utilization of epichlorohydrin in their manufacturing processes that is further strengthening the growth of epichlorohydrin market in this region at significant rate.
Moreover, epichlorohydrin market in North America was the second largest revenue contributor in 2018, owing to imposition of stringent policies pertaining to the use of epichlorohydrin. Increasing demand for epichlorohydrin from various industries such as electronics, pharmaceutical, industrial, textile and automotive in the region is further anticipated to bolster the growth of epichlorohydrin market in this region.
The report also offers the insights for the European, Latin American, and Middle East and African Market. A detail analysis of historic and forecast consumption data, revenue in the market and competitive analysis for major competitors in each region is also provided.
The eminent key players in the global epichlorohydrin market are extending their product portfolios, undertaking product innovations and technological upgradations that are enabling the manufacturers to gain competitive advantage across the globe.
Some of the players having prominent presence in the global epichlorohydrin market include NAMA Chemicals, Aditya Birla Chemicals, Tianjin Bohai Chemical Industry Group Co,Ltd., Hanwha Chemical, Triplex Chemical Corp.,Kashima Chemical, Shandong Haili Chemical Industry Co. Ltd., Jiangsu Yangnong Chemical Group, DAISO Co. Ltd., Sumitomo Chemicals, Momentive Specialty Chemical Industries, Sinopec Baling Petrochemical Co. Ltd., Solvay Chemical SA, Formosa Plastics, Zhonghai Fine Chemical Co. Ltd., LOTTE Fine Chemical Ltd., Spolchemie AS, Tamil Nadu Petroproduct, and DOW Chemical Company.
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