Market Size of Epichlorohydrin Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Epichlorohydrin Market Analysis
The market is expected to register a CAGR of more than 5% during the forecast period.
- Covid-19 negatively affected the demand for the epichlorohydrin market in 2020 due to stalling of the construction industry in many sectors and textile industries. However, the market significantly recovered in 2021, with many countries pushing the construction sector as a growth recovery driver post-COVID-19 recovery.
- 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.
- However, government regulations on the toxicity level of epichlorohydrin are expected to hinder the market's growth.
- By application, the demand for epichlorohydrin from epoxy resin is expected to increase during the forecast period.
- Asia-Pacific dominates the market globally, with the largest consumption from countries, such as China and India.
