Epichlorohydrin Market Report Overview:
Maximise Market Research has published research to help clients understand the landscape of the Epichlorohydrin Industry in which they compete. The research provides market insights to help businesses estimate future demand for their product and the competitiveness of Epichlorohydrin. The Epichlorohydrin market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Exploration of the Epichlorohydrin Market Expansion and Evaluation:
Epichlorohydrin Market was valued at US$ 2.89 Bn. in 2022. Epichlorohydrin Market size is expected to grow at a CAGR of 6% through the forecast period.
Epichlorohydrin Market Report Scope and Research Methodology:
The Epichlorohydrin market research examines the significance of categories and regional markets based on criteria such as market size and growth rate. The study provides a complete review of all segments and areas. The Epichlorohydrin market study includes a detailed analysis of anticipated data, important advancements, and revenue. It also includes a full evaluation of the key tactics used by leading market players to accelerate global business growth while maintaining a competitive advantage. The Epichlorohydrin market study evaluates production, consumption, revenue, market share, and growth rates in the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. SWOT analysis can help you understand the Epichlorohydrin market’s strengths and weaknesses.
Market Dynamics:
The growing need for paints and coatings in the construction sector is one of the primary reasons driving the epichlorohydrin market. Paints & coatings held the largest market share, which is expected to grow even more throughout the projection period.
The need for development and advancement will benefit the market throughout the predicted period. In addition to construction, paints and coatings are used in the automobile industry, and increased demand for cars due to a growing global population would boost the epichlorohydrin market.
Epichlorohydrin Market Restriction:
Epichlorohydrin’s harmful impacts on human health and the environment are one of the most significant barriers. One of the primary market restraints is increasing consumer awareness of harmful chemicals; also, governments in various countries have outlawed epichlorohydrin due to environmental concerns.
Epichlorohydrin is being replaced by a range of different chemicals as a result of technical improvements, just as more current procedures are being used to synthesise epidermal. Furthermore, it helps to reduce harmful environmental impacts. As a result, it now acts as a limitation on the magnitude of epichlorohydrin. Epichlorohydrin’s toxicity is limiting its utilisation in the market.
Dividing the Epichlorohydrin Market:
by Feedstock
Petro-Based
Bio-Based.
The epichlorohydrin market had the highest percentage of petroleum-based feedstock. Epichlorohydrin (ECH) has historically been produced using petroleum-based feedstocks. Epichlorohydrin is typically synthesised in a multi-step process using petrochemical-derived propylene.
Currently, the conventional propylene high-temperature reaction with chlorine followed by hydrolysis meets approximately 85% of the industrial ECH requirement. Epichlorohydrin is a useful organic chemical raw ingredient and intermediary element. Epoxy resins, a critical component of paints, varnishes, electrical insulating materials, and glass fibre reinforced polymers used in the production of aircraft, automobiles, ships, printed circuits, and wind turbines, are predominantly made from it.
by Application
Epoxy Resins
Synthetic Glycerin
Water Treatment Chemicals
Pharmaceuticals
Inks and Dyes
Others
Based on application, epoxy resins lead the epichlorohydrin market, which is predicted to increase at a CAGR of 4.5% during the forecast period. Epichlorohydrin (ECH) and bisphenol-A (BPA) combine to form epoxies, although other raw materials (such as aliphatic glycols, phenol, and o-cresol novolacs) can be used in place of BPA to make specialised resin. Epoxy-based paints and coatings use less energy and are better for the environment than heat-cured coatings.
The market for paints and coatings will expand as purchasing power rises, lifestyles change, industrialization accelerates, and the population grows. These resins are used to make high-performance adhesives with excellent chemical and heat resistance, which are used in the manufacture of automobiles, bicycles, and aircraft. Epoxy resins are also used, among other things.
by End-Use
Paints & Coatings
Electrical & Electronics
Construction
Wind Turbines
Composites
Textile
Others
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Epichlorohydrin Market Key Players:
1. Dow Chemical Company (Michigan, US)
2. Samsung Fine Chemicals Co. Ltd (Ulsan, South Korea)
3. Hexion Inc. (Columbus, US)
4. Shandong Haili Chemical Industry Co. Ltd (China)
5. Formosa Korea (Taiwan)
6. Solvay SA (Belgium)
7. Momentive Performance Materials Inc. (New York, US)
8. Kumho P & B Chemicals Inc. (South Korea)
9. Aditya Birla Management Corporation Pvt. Ltd (Mumbai, India)
10.Parchem fine & specialty chemicals (New York, US)
11.Sumitomo Chemical Co. Ltd (Tokyo, Japan)
12.Spolchemie AS (Czech Republic)
13.NAMA Chemicals (Jubail, Saudi Arabia)
14.Kashima Chemical Co. Ltd (Japan)
Epichlorohydrin Market Analysis by Region:
The Epichlorohydrin market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis provides the Epichlorohydrin market status of various countries included in the report.
Key questions answered in the Epichlorohydrin Market are:
- What are the Epichlorohydrin Market segments?
- Which Epichlorohydrin market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Epichlorohydrin market during the forecast period?
- Who are the top players in the Epichlorohydrin industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Epichlorohydrin market share in 2024?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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