Top 5 Companies Offering Epichlorohydrin to Meet the Growing Demand for Personal Care Products

The global epichlorohydrin market is expected to grow at a CAGR of about 3.5% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the growing demand for epichlorohydrin in various end-use sectors.

As epichlorohydrin is used in various sectors, including automotive, textiles, pharmaceuticals, and electronics, the expansion of such sectors, particularly in developing countries, is driving the demand for epichlorohydrin. The market is expected to grow over the forecast period due to the increased petroleum refining and exploration operations, as epichlorohydrin is produced from petroleum-based chemicals. Furthermore, various manufacturers are increasingly utilising bio-based feedstocks such as glycerol to synthesise epichlorohydrin owing to the growing sustainability concerns, which is anticipated to provide further impetus to the growth of the market.

The extensive utilisation of epichlorohydrin in the manufacturing of epoxy resin, which is used in various end-use sectors, is aiding the market growth. Moreover, various leading companies are deploying environmentally friendly methods to manufacture epichlorohydrin using glycerin or propylene processes and renewable resources. Such methods also reduce carbon emissions as well as require low energy consumption, which is likely to invigorate the market growth.

In June 2022, Meghmani Finechem commissioned its 50,000-tonne-per-year epichlorohydrin plant at Dahej, Gujarat. The project, with an estimated cost of INR 2.75 billion, aims to meet the growing domestic demand for epichlorohydrin while reducing its import activities in India. Such expansion activities are expected to favour the market growth of epichlorohydrin in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Top 5 Epichlorohydrin Companies in the World

Solvay S.A

Solvay is a science-based firm that specialises in the production of materials, chemicals, and solutions. The company aims to advance aircraft, automobiles, batteries, innovative and medical gadgets, and water and air treatment to address significant industrial, social, and environmental concerns. It operates 98 sites in 63 countries and employs more than 21,000 people. In 2021, it generated EUR 10.1 billion in net sales.

LOTTE Fine Chemicals

LOTTE Fine Chemicals is a leading speciality chemical company that offers highly functional and customised materials made from eco-friendly cellulose. Additionally, the company produces electronic materials, such as tetramethylammonium hydroxide (TMAC), a semiconductor material, and colour laser printer toners. The cellulosic solutions of the company are used in construction, plaster, tile adhesive, personal and home care, and paint applications. It has a total asset value of KRW 2724 won.

Olin Corporation

Olin Corporation is a reliable and large supplier of industry-leading alkali products and chlorine. It also offers commercial-grade and membrane-grade sodium hydroxide products. Together, these business areas employ 8,000 experts in more than 20 countries and serve consumers in almost 100 countries. The company is the leading producer of small ammunition and the top supplier of epoxy materials.

Aditya Birla Chemicals

Aditya Birla Chemicals is an Aditya Birla Group business. It is the parent company of a variety of distinct companies, including Shaktiman and Aqua Armor, among others. Additionally, it supports many industries, including construction, fashion, agriculture, manufacturing, and water treatment. It operates about 15 production centres in more than 80 countries and employs more than 5,000 globally. With more than 1,000 product lines, the company serves about 15 industries.

Sumitomo Chemicals Co Ltd

Sumitomo Chemical Co., Ltd. is a prominent chemical company based in Japan. The fertiliser company was founded as a subsidiary of the Sumitomo Group. It serves various end-use sectors, including health and crop sciences, essential chemicals and plastics, IT-related chemicals, and pharmaceuticals, among others. As of 2021, the company had 34,743 consolidated employee across its 210 enterprises.

NAMA Chemicals Company

Nama Chemicals is a company based in Saudi Arabia that utilises local natural resources in its petrochemical and chemical businesses. It offers various chemical products such as caustic soda, epoxy, calcium chloride, sodium hypochlorite, hydrochloric acid, and epichlorohydrin, among others. The company utilises the most advanced production processes to reduce environmental impact in Saudi Arabia while offering high-quality products and enhanced services to consumers.