Epichlorohydrin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Oil-based Epichlorohydrin and Bio-based Epichlorohydrin), End-User Industry (Paints and Coatings, Adhesives, Construction, Textile, and Other End-User Industries) Application (Epoxy Resins, Synthetic Glycerin, Epichlorohydrin Elastomers, Speciality Water Treatment Chemicals, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Market Snapshot

Market Overview -  Global Epichlorohydrin Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %

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Market Overview

The market is expected to register a CAGR of about 5% during the forecast period. One of the main factors driving the market is the growing demand for epoxy resin in the global market. However, the government regulations on the toxicity level of epichlorohydrin are expected to hinder the growth of the market studied.

  • The increasing demand for epichlorohydrin-based resins in the water treatment process is expected to act as a driver for the growth of the market studied in the future.
  • By application, the demand for epichlorohydrin from epoxy resin is expected to increase during the forecast period.
  • Asia-Pacific dominated the market globally, with the largest consumption from countries, such as China and India.

Scope of the Report

The report on epichlorohydrin market includes:

Type
Oil-based Epichlorohydrin
Organic-based Epichlorohydrin
End-user Industry
Paints and Coatings
Adhesives
Construction
Textile
Other End-user Industries
Application
Epoxy Resins
Synthetic Glycerin
Epichlorohydrin Elastomers
Speciality Water Treatment Chemicals
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand of Epoxy Resin in Global Market

  • Epichlorohydrin is principally changed over to bisphenol A glycidyl ether, a building block in the manufacturing of epoxy resins. It is additionally a precursor to monomers for different resins and polymers.
  • Epoxy resin is extensively used as an insulation material for the electronics and electrical applications that require protection in extreme and dangerous environments (such as chemical plant equipment, deep sea, and engine management).
  • Epoxy resins hold a wide range of applications in the industry due to its valuable properties in the paints & coatings industry in the form of anti-corrosive primers, primer tie coats, primer finishes, abrasion-resistant coatings, and chemical, heat, and fire-resistant coatings.
  • Owing to the aforementioned factors, the application of epichlorohydrin as epoxy resins is expected to increase during the forecast period. 
Epichlorohydrin Market Revenue Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region is expected to dominate the global market, owing to the robust demand from developing nations, including China and India. The region is mainly driven by industrialization, the growing consumer class of people, etc. These factors are propelling the growth of the epichlorohydrin market's growth in the region.
  • The largest producers of epichlorohydrin are based in the Asia-Pacific region. Some of the leading companies in the production of epichlorohydrin are Dow, Solvay, Samsung Fine Chemicals Co. Ltd, Aditya Birla Management Corporation Pvt. Ltd, and Hexion Inc., among others.
  • Asia-Pacific was the largest market for epoxy resins, with a share of about 65%, as most of the emerging economies are based in this region. Increasing industrialization and growing infrastructural development make it an attractive market for epichlorohydrin made epoxy resins.
  • The Asia-Pacific water treatment chemicals market is projected to witness the substantial growth during the forecast period, in terms of volume, owing to the rising standard of living in the region that resulted in the growing demand for quality drinking water.
  • Owing to the aforementioned factors, the market for epichlorohydrin in the Asia-Pacific region is projected to witness a growth during the study period. 
Epichlorohydrin Market Regional Trends

Competitive Landscape

The global epichlorohydrin market is partially consolidated in nature with only a few major players dominating the market. Some of the major companies are Dow Chemicals, Solvay, Samsung Fine Chemicals Co. Ltd, Aditya Birla Management Corporation Pvt. Ltd, and Hexion Inc., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand of Epoxy resin in Global Market

      2. 4.1.2 Increasing Availibility of Bio-Based Glycerin For Production of Bio Based Epichlorohydrin

      3. 4.1.3 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Government Regulations on Toxicity of Epichlorohydrin

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Oil-based Epichlorohydrin

      2. 5.1.2 Organic-based Epichlorohydrin

    2. 5.2 End-user Industry

      1. 5.2.1 Paints and Coatings

      2. 5.2.2 Adhesives

      3. 5.2.3 Construction

      4. 5.2.4 Textile

      5. 5.2.5 Other End-user Industries

    3. 5.3 Application

      1. 5.3.1 Epoxy Resins

      2. 5.3.2 Synthetic Glycerin

      3. 5.3.3 Epichlorohydrin Elastomers

      4. 5.3.4 Speciality Water Treatment Chemicals

      5. 5.3.5 Other Applications

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Dow Chemical Company

      2. 6.4.2 Samsung Fine Chemicals Co. Ltd

      3. 6.4.3 Hexion Inc.

      4. 6.4.4 Shandong Haili Chemical Industry Co. Ltd

      5. 6.4.5 Formosa Korea

      6. 6.4.6 Solvay SA

      7. 6.4.7 Momentive Performance Materials Inc.

      8. 6.4.8 Kumho P & B Chemicals Inc.

      9. 6.4.9 Aditya Birla Management Corporation Pvt. Ltd

      10. 6.4.10 Parchem fine & specialty chemicals

      11. 6.4.11 Sumitomo Chemical Co. Ltd

      12. 6.4.12 Spolchemie AS

      13. 6.4.13 NAMA Chemicals

      14. 6.4.14 Kashima Chemical Co. Ltd

      15. 6.4.15 LOTTE Fine Chemical

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growth of Epichlorohydrin-Based Resins in Water Treatment Industry

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Epichlorohydrin Market market is studied from 2016 - 2026.

The Epichlorohydrin Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Dow, Samsung Fine Chemicals Co., Ltd, Aditya Birla Management Corporation Pvt. Ltd, Hexion Inc. , Solvay are the major companies operating in Epichlorohydrin Market.

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