The global epichlorohydrin market was valued at US$ 2.46 Bn in 2019 and is expected to reach US$ 3.87 Bn by 2027, at a CAGR of 5.12% during a forecast period.
Global Epichlorohydrin Market
Epichlorohydrin is a liquid epoxide most frequently manufactured by the chlorohydrination of allyl chloride. The principal uses for epichlorohydrin are in the production of epoxy resins (its primary use), synthetic glycerin, epichlorohydrin elastomers, specialty water treatment chemicals, wet-strength resins for paper production, and surfactants. Little synthetic glycerine is produced because abundant supplies are available as by-products from biodiesel production.
The growth of the epichlorohydrin market is
The report study has analyzed the revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.
Market Drivers and Restraints:
driven by factors like growth in construction projects that are demanding efficient coating and painting materials expected to boost market growth. The benefit of the product in the concrete sector like cost-effective, stability of color, cement compatibility, weather resistance, and generally high tinting strength is attracting the dealers to spend in the market will help their business to evolve in the coming years. On the other hand, the prevalence of variability in the product like natural and synthetic is another factor to drive the market demand as per client needs in the coming years. Consumption of epoxy resins as metal substrate globally have a wide range of application in paint and coatings will drive the overall market demand. Epoxy based paints and coatings are eco-friendly and consume less energy than heat-cured coatings. Considerable growth in the demand of epoxy resins for various end-user industries is anticipated to drive the epichlorohydrin market and high demand for synthetic glycerin due to increasing applications also will drive the epichlorohydrin market.
Furthermore, rising manufacturing activity of automotive in the Asia Pacific region owing to rising, easy finance options, government investments disposable income, and initiatives to endorse regional automotive industry, collective automotive manufacturing bases in the region will drive the regional epichlorohydrin market.
From the market limitations point of view, fluctuation in the cost of raw materials and the presence of substitutes in the market will hinder the market growth in the coming years. Irritation and related side effects after application, coupled with stringent regulations estimated to hamper the growth of the ECH market size.
Epichlorohydrin Market Segment analysis:
By the end-user segment, paints and coatings sector is expected to show constant growth during the estimated year. Construction site and industrial growth will demand corrosion-free coating and painting for the end process, epichlorohydrin has been fulfilling this need from long and expected to contribute to the market growth for the long run. Epichlorohydrin resins are used to manufacture high-performance adhesives with superior chemical and heat resistance property thus used in aircraft, bicycle, and automobile manufacturing which will raise the demand for epichlorohydrin resin-based paints and coating during the forecasted year. Paints and coating sectors are dependent on growth in the construction sector; thus, epoxy resins are used to coat and paint throughout high-traffic areas such as shopping centers, industrial buildings, and hospitals due to their temperature resistance property. The paints and coatings segment is leading the market that generated the highest revenue of US$ 1.25 Bn in 2019 with a growth rate of 5.45% during the forecast period.
Epichlorohydrin Market Regional Analysis:
Regionally, the Asia Pacific region expected to dominate the overall epichlorohydrin market growth in the coming years’ thanks to the growth and development in the construction sector with an estimated 4.3% CAGR and have registered a market share growth by 40-50% which is huge as compared from the last year. However, the major pandemic COVID-19 outbreak in the region will restraint market growth. The market size was calculated XX Bn at a CAGR of X.25 in the year of 2019 and is expected to show lucrative growth by 2027 with a large chain of present vendors like China Shandong Haili Chemical Industry Co. Ltd, XX, XXX, etc. thus boosting the market demand.
North America is expected to dominate the epichlorohydrin market and is expected to grow at a CAGR of XX% during the forecast period. Developed regions like the U.S and Canada are considered major contributors to the epichlorohydrin market growth in the North America region. Factors like the presence of well-established, mature automotive, electrical & electronics sector are supporting the growth of the market in this region. In 2019 market size was valued US$ XX Bn and is expected to increase by US$ XX Bn in the coming years.
The objective of the report is to present a comprehensive analysis of the Global Epichlorohydrin Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Epichlorohydrin Market dynamics, structure by analysing the market segments and project the Global Epichlorohydrin Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Epichlorohydrin Market make the report investor’s guide.
Scope of Epichlorohydrin Market
Global Epichlorohydrin Market, By End-users
• Electrical and electronics
• Paints and Coatings
• Wind turbine
Global Epichlorohydrin Market, By Application
• Water treatment chemicals
• Synthetic Glycerin
• Epoxy resins
Global Epichlorohydrin Market, By Region
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players Operating the Epichlorohydrin Market,
• Aditya Birla Chemicals
• FORMOSA PLASTIC CORPORATIOn
• ZAK£ADY Chemiczne Zachem SA
• Hanwha Chemical
• Jiangsu Yangnong Chemical
• KASHIMA CHEMICAL
• Momentive Speciality Chemicals
• NAMA Chemicals
• LOTTE Fine Chemical
• Shandong Haili Chemical
• Sumitomo Chemical
• Tamilnadu Petroproducts
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
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