Global Epichlorohydrin Market 2019 By Industry Growth & Regional Trend To 2025: Global Market Insights Inc. According to new Global Market Insights, Inc, chemical research report Epichlorohydrin Market size will rise exponentially to 2025 due to rising demand of epoxy resins in various end-use industries and escalating automobile production in Asia Pacific region, as it is primarily used as a raw material for epoxy resin production. Epichlorohydrin is a colorless, clear, flammable, volatile liquid with bitter odor. Epoxy resins have a wide range of applications in numerous end-use industries which include paints & coatings, adhesives, building & construction, wind turbine composites, petroleum & petrochemical, electronics & electrical systems, etc. Epoxy resins are used in paint & coatings of heavy-duty metal substrates. Epoxy based- paints & coatings are ecofriendly and consumes less energy than heat-cured coatings. Rising spending power, changing lifestyle, robust industrialization and increasing population will drive the growth of construction industry which will propel the demand of paints & coatings. These resins are used to manufacture highperformance adhesives with superior chemical and heat resistance that are used in aircraft, bicycle and automobile manufacturing. Apart from this, epoxy resins are also employed in generators, motors, transformers, etc. Rapid development in these enduse industries will drive the demand for epoxy resins which in turn will propel the growth of epichlorohydrin market size by 2025.
Global epichlorohydrin market is segmented based on raw material, application and region. Based on raw materials, market is segmented into petro-based and bio-based epichlorohydrin. Petro-based epichlorohydrin can be produced by using chlorine & propylene, whereas natural glycerin & hydrochloric acid are used as feedstock for biobased epichlorohydrin production. Many companies such as Solvay SA, Dow Chemical Company, etc. have started production of bio-based epichlorohydrin by setting up new facilities. Based on applications, epichlorohydrin market is segmented into epoxy resin, synthetic glycerin, water treatment chemicals, rubber and others which includes paper, textile, etc. Synthetic glycerol produced from epichlorohydrin is used for biotech and sensitive pharmaceutical applications. ECH reacts with dimethylamine to produce polyamines, which acts as a flocculant in wastewater and water treatment. ECH is also used as plasticizer, as the products derived from the reaction of ECH with alcoholates, alcohols, sodium salts or other fatty acids are used for food preservation and flavoring. Epichlorohydrin market is majorly dominated by Asia Pacific region owing to the increasing demand of epichlorohydrin in the developing countries such as India, 1|Page
China, Indonesia, Malaysia and Taiwan. China is the largest ECH manufacturer whereas India, South Korea and Taiwan are expected to contribute significantly to the market growth. Rapidly developing automotive industry, increasing construction activities, rising electronics manufacturing will drive the growth of the regional ECH market. Rising oil exploration and refining activities in North America and the Middle East region will prosper the demand of ECH in coming years. However stricter regulations against ECH in Canada will hamper the market growth in North America. Some of the key epichlorohydrin market share contributors includes Solvay SA, Dow Chemical Company, Lotte Fine Chemical, Shandong Haili Chemical Industry Co Ltd., Sumitomo Chemicals, Aditya Birla Chemicals, Nama Chemicals, Spolchemie AS, Kashima Chemical, Hanwha Chemical, Yee Fong Chemical & Industrial Co., Ltd.
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