Epichlorohydrin Market is Expected to Grow at CAGR of 5% by 2023

May 17, 2017 Pune, India, / Market Research Future published a half cooked research report on global Global Epichlorohydrin Market Research Report- Forecast to 2023.

Market Highlights

Epichlorohydrin (ECH) is a transparent liquid with an irritating chloroform similar odor produced by using propylene, chlorine, and milk of lime. It is majorly used in the production of epoxy resins. Epichlorohydrin is a versatile precursor in the synthesis of many organic compounds.  It is a highly reactive organochlorine compound and is applicable in the production of epoxy resins, plastics, glycerol, and elastomers. Epichlorohydrin is eagerly biodegradable and is not ordinary to keep in the environment. Extensive Increase in the demand of epichlorohydrin in various end-user industries such as automotive, electronics, textiles, pharmaceutical, construction industry, and others anticipated to drive the market.

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Regional analysis:

The global epichlorohydrin market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific epichlorohydrin market is largest market owing to robust industry growth of application industry in China, Japan and India. Asia Pacific epichlorohydrin market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such automotive, electronics, textiles, pharmaceutical, construction industry, and others in countries like China & India is predict to drive demand. Increasing demand for construction industry in the Indian, Taiwan, and South Korea has made Asia Pacific largest consumer of the epichlorohydrin market. China is major dominating country owing to large scale production of end user industries such as automotive, electronics and textiles industry.

The second largest market for epichlorohydrin is Europe due to increasing demand from European countries such as Germany, Spain, Italy, France, U.K. and others owing to their huge development. In Europe region epichlorohydrin is primarily used as a raw material for the production of epoxy resins which finds wide application in various industries such as building & construction, automobile, marine, consumer goods and in pharmaceuticals. The rapid growth of these end-user industries will drive the overall growth of epichlorohydrin industry in Europe region.

In North America, the textile and automotive industry accounting for a good consumption of epichlorohydrin is huge in the US followed by Mexico and. Moreover, key players also have started concentrating on consuming glycerin which cause slowing substituting propylene in the production of epichlorohydrin. Glycerin is expected to be the fastest growing raw material segment of the market within the forecast period as it used in the production of bio-based epichlorohydrin. Therefore, APAC, North American and Europe region has huge demand for epichlorohydrin in various industry is anticipated to record a proliferation rate. The developing economies including Latin America (Argentina and Brazil) and Middle East are also predicted to give considerable growth rate in the global epichlorohydrin market over the forecast period.

Global Epichlorohydrin Key Players

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.

Segmentation

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.

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