Global Epichlorohydrin Market Report and Forecast 2024-2032

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Asia Pacific Leading the Epichlorohydrin Market

The synthesis of epichlorohydrin has mainly been dominated by China over the past few years. Since there is a considerably high and consistent demand for paints and coatings, which require epoxy resins, which in turn are made using epichlorohydrin, most of the epichlorohydrin is processed into epoxy resins, which are tough, resistant to moisture and chemicals, have high tensile strength and good dielectric properties. Moreover, the output from China is further expected to grow over the forecast period. After China, Western Europe and the United States are the greatest consumers of epichlorohydrin. In the Asia Pacific region, other notable countries which stimulate the demand for epichlorohydrin include South Korea, Taiwan, and India. Despite a setback during the Covid-19 pandemic, the overall value of the market is expected to grow in the coming years.

Epichlorohydrin: Market Segmentation

Epichlorohydrin is an organochlorine chemical, that is, composed of organic bonds and chlorine, with an epoxy structure. The chemical is synthesised by the chlorohydrination of allyl chloride. Primarily, epichlorohydrin is used as a feedstock for epoxy resins, but it also finds use in the manufacture of epichlorohydrin elastomers, wet strength resins for paper production and surfactants. The compound is moderately toxic upon contact with skin and upon ingestion, it can be carcinogenic. It is also being increasingly used in the textile industry as it is is mould and insect resistant and prevents wrinkling in the cloth.

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The epichlorohydrin market can be segmented on the basis of type into:

• Petro Based
• Bio Based

The market can be differentiated on the basis of processes into:

• Allyl Chloride Route
• Allyl Alcohol Route
• Glycerine Route

On the basis of application, the market can be segmented into:

• Epoxy Resins
• Synthetic Glycerine
• Elastomers
• Water Treatment Chemicals
• Others

The market for epichlorohydrin can be classified by end use into:

• Paint and Coating
• Adhesives
• Textiles
• Pharmaceuticals
• Construction
• Others

The regional markets for epichlorohydrin can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Technological Advancements Bolstering the Market Growth

Epichlorohydrin finds usage in multiple industries like automotive, textiles, pharmaceuticals, and electronics, and as these industries grow, especially in emerging economies, the demand for epichlorohydrin is also expected to grow. Since epichlorohydrin is derived from petroleum-based products, there is expected to be a growth in the epichlorohydrin industry because of an increase in petroleum refining and exploration activities. However, this is also a constraint because governments are laying down stringent regulations to lower the dependence on non-renewable sources of energy, as well as consumers who seek to avoid potentially harmful sources. This may be circumvented with the advent of bio-based feedstock like glycerol for the synthesis of epichlorohydrin, to which consumers and government regulating bodies can look favourably.

Key Industry Players in the Global Epichlorohydrin Market

The report gives a detailed analysis of the following key players in the global epichlorohydrin market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Solvay S.A.
• LOTTE Fine Chemical Co., Ltd.
• Olin Corporation
• Aditya Birla Chemicals
• Sumitomo Chemical Co. Ltd.
• Nama Chemicals Company
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report