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 Overview:
MMR published a report on the Epichlorohydrin Market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.
Epichlorohydrin Market Dynamics:
Growing demand in the paint and coating industry: One of the key factors propelling the epichlorohydrin market is the expanding demand for paints and coatings in the building industry. Paints & coatings held the largest market share, and it is anticipated that this share would rise even further over the course of the projected period.
Throughout the forecast period, the market will benefit from the need for development in addition to advancement. Paints and coatings are used in the automobile industry in addition to construction, and the market for epichlorohydrin will rise as a result of the increased demand for cars brought on by an expanding global population.
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Epichlorohydrin Market Report Scope and Research Methodology:
At the national, regional, and international levels, the research offers a thorough examination of the Epichlorohydrin market. It offers a thorough examination of the competitive environment in the property management sector, taking into account the main companies’ business plans. A summary of the major rivals of Property Management is provided in the study, together with data on their earnings, output, market share, and worldwide reach. The top players in the property management business were analysed using the SWOT method to determine their strengths and weaknesses. The report also includes detailed information on the potential, challenges, drivers, and constraints of the Epichlorohydrin market.
The scale of the global and regional Epichlorohydrin markets was estimated using a bottom-up methodology. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The study also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Property Management manufacturing process. In addition, market attractiveness and Porter’s and PESTLE analyses are included, which aid in understanding the Epichlorohydrin Market both macro and micro.
Epichlorohydrin Market Segmentation:
by Feedstock
Petro-Based
Bio-Based.
The market for epichlorohydrin has the largest proportion of petroleum-based feedstock, according to feedstock. The feedstock used in the traditional process of producing epichlorohydrin (ECH) is petroleum-based. Propylene, a petrochemical-based product, is the basis of a multi-step process commonly used to manufacture epichlorohydrin.
Approximately 85% of the industrial demand for ECH is still met by the traditional high-temperature reaction of propylene with chlorine and hydrolysis. A versatile organic chemical raw material and intermediary element is epichlorohydrin. It is mostly used to manufacture epoxy resins, which are an essential part of paints, varnishes, electrical insulating materials, and glass fibre reinforced polymers used in the building of printed circuit boards, wind turbines, cars, and aeroplanes.
by Application
Epoxy Resins
Synthetic Glycerin
Water Treatment Chemicals
Pharmaceuticals
Inks and Dyes
Others
Epoxy resins dominated the epichlorohydrin market based on application, and they are predicted to rise at a CAGR of 4.5% over the course of the projected period. Epoxies are produced by the reaction of epichlorohydrin (ECH) and bisphenol-A (BPA); specialised resins can be made by substituting BPA with other raw ingredients, such as phenol, o-cresol novolacs, and aliphatic glycols. Paints and coatings made of epoxy have a higher energy efficiency and environmental friendliness than coatings that are heat-cured.
Growing populations, fast industrialization, shifting lifestyles, and growing purchasing power will all contribute to an expansion in the paint and coatings business. These resins are utilised in the manufacturing of automobiles, bicycles, and aeroplanes to provide high-performance adhesives with remarkable chemical and heat resistance. Also used, among other things, are epoxy resins.
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 Regional Insights:
Geographically speaking, the report is divided into a number of important nations, each of which has its own market size, growth rate, import and export figures, and information about the Epichlorohydrin market. These nations include the United States, Canada, Mexico, Europe, the United Kingdom, China, India, Japan, Australia, South Korea, ASEAN Countries, the rest of Asia Pacific, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Epichlorohydrin Market Report are:
- What is the expected Epichlorohydrin Market size by 2029?
- What will be the CAGR of the Epichlorohydrin Market during the forecast period?
- Which segment held the largest share in the Epichlorohydrin Market?
- How is the competitive scenario of the Epichlorohydrin Market?
- Which are the key factors driving the Epichlorohydrin Market growth?
- What are the factors restraining the Epichlorohydrin Market growth?
- Which region holds the maximum share in the Epichlorohydrin Market?
- Who are the key players in the Epichlorohydrin Market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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