Epichlorohydrin Market Growth or Demand Increase or Decrease for What Includes:
Epichlorohydrin and paper-making polymers reacted together. Epichlorohydrin is also used in the manufacture of food and beverages. Epichlorohydrin is used in paints and coatings as an alkyd resin. Glycerin and cellphones are now being manufactured. ECH also uses it to manufacture bombs, cosmetics, and other military products. Epichlorohydrin is used in both water treatment and cleaning activities. Epichlorohydrin is a substance used to make surfactants and detergents.
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 CAGR Estimation:
The Epichlorohydrin Market was valued at US$ 2.89 Bn. in 2022 and is expected to grow at a CAGR of 6% through the forecast period.
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Epichlorohydrin Market Segmentation:
By Feedstock:
Petro-Based
Bio-Based
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.
By End-Use:
Paints & Coatings
Electrical & Electronics
Construction
Wind Turbines
Composites
Textile
Epichlorohydrin Market Overview:
Epichlorohydrin is a substance that contains both epoxy and chlorine components, which makes it useful in various industries. It is used in the production of epoxy resins, glues, plastics, fumigants, solvents, explosives, and water treatment chemicals. The market benefits from the growing demand in the paint and coating sector, plastic production, and water purification efforts. However, the market faces challenges due to health and environmental concerns related to epichlorohydrin's toxicity.
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Epichlorohydrin Market: Which Regions are Experiencing Growth or Increased Demand?
Asia Pacific: Dominates the market with a 44.2% share due to high demand from countries like China and India. Key drivers include industrialization, a growing consumer class, and significant production of epichlorohydrin.
North America: Holds the second-highest market share driven by demand for chemical products, capital infusion, and oil exploration, with significant contributions from the US.
Europe: The third-largest market, primarily due to its growing automotive sector.
Epichlorohydrin Market Scope and Methodology:
The report covers a comprehensive analysis of the global Epichlorohydrin Market, presenting historical data, current status, and forecasted trends. It includes an in-depth study of key players, market dynamics, segment analysis, and regional insights. The analysis is supported by PORTER and PESTEL frameworks, along with an examination of micro-economic factors affecting the market.
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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)
List of Contents : Epichlorohydrin Market
Part 01: Executive Summary
Part 02: Scope of the Epichlorohydrin Market Report
Part 03: Epichlorohydrin Market Landscape
Part 04: Epichlorohydrin Market Sizing
Part 05: Epichlorohydrin Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Key questions answered in the Epichlorohydrin Market are:
• What is Epichlorohydrin?
• What is the growth rate of the Epichlorohydrin Market?
• Which are the factors expected to drive the Epichlorohydrin market growth?
• What are the different segments of the Epichlorohydrin Market?
• What growth strategies are the players considering to increase their presence in Epichlorohydrin?
• What are the upcoming industry applications and trends for the Epichlorohydrin Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Epichlorohydrin Market?
• What major challenges could the Epichlorohydrin Market face in the future?
• What segments are covered in the Epichlorohydrin Market?
• Who are the leading companies and what are their portfolios in Epichlorohydrin Market?
• What segments are covered in the Epichlorohydrin Market?
• Who are the key players in the Epichlorohydrin market?
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