Epichlorohydrin Market Information-by Application (Epoxy Resins, Synthetic Glycerin, Water Treatment Chemicals, and Others), by End User (Automotive, Electronics, Textiles, Pharmaceutical, Construction Industry, and Others) and by Region - Forecast till 2023
Pune, India -- (SBWIRE) -- 10/26/2018 -- Market Highlights
The Global Epichlorohydrin is expected to witness a significant growth of ~ 2580.04 Kilo Tons by 2023 with CAGR of ~5% between 2016 and 2023
Epichlorohydrin also known as ECH, chloromethyloxirane, 2, 3-epoxypropyl chloride, oxirane. Epichlorohydrin have features such as excellent resistance to hydrocarbon oils & fuels, excellent resistance to ozone & weathering, low solvent & gas permeability, and durability from low to high temperature. Epichlorohydrin is used mainly for the production of epoxy resins, synthetic glycerin, water treatment chemicals, and others. Substantial growth in the demand of epoxy resins for various end-user industries anticipated to drive the epichlorohydrin market and high demand of synthetic glycerin due to increasing applications projected to drive the epichlorohydrin market. Epichlorohydrin is irritating and moderately toxic when it gets contact with skin and if swalloed, also it is carcinogenic. Hence concern of regulatory bodies regarding dangerous effects of epichlorohydrin on health as well as environment expected to hamper the global epichlorohydrin market growth.
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Study Objectives of Epichlorohydrin Market:
- To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Epichlorohydrin Market
- To understand the supply and demand dynamics including supply and consumption concentration mapping
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide competitor positioning of the market
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
Global Epichlorohydrin Key Players
Key players of the global epichlorohydrin market are Solvay S.A. Chemicals company (Europe), Zachem SA (Europe), Samsung Fine Chemicals Co., Ltd. (Korea), Dow Chemical Company (US), Sumitomo Chemical Co. (Japan), Aditya Birla Chemicals (India), Osaka Soda Co., Ltd. (Japan), Formosa Plastics Corporation (US), Shandong Haili Chemical Industry Co. Ltd (China), NAMA Chemicals (Saudi Arabia), and others.
The global epichlorohydrin market is majorly segmented on the basis of application, end users and region. Based on application of epichlorohydrin the market is segmented into epoxy resins, synthetic glycerin, water treatment chemicals, and others (elastomers, water-treatment resins, surfactants, ion exchange resins, plasticizers, dyestuffs, oil emulsifiers, lubricants, and adhesives). Based on end user the market segmented into automotive, electronics, textiles, pharmaceutical, construction industry, and others and based on region market is segmented into North America, Europe, APAC, Latin America, and Middle East & Africa.
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The report covers brief analysis of geographical region such as:
- Rest of Europe
- Rest of Asia-Pacific
- South America
- Middle East
The report about Global Epichlorohydrin Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
The global epichlorohydrin market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific epichlorohydrin market is largest market owing to robust industry growth of application industry in China, Japan and India. Asia Pacific epichlorohydrin market size is likely to witness highest gains over the forecast period. Positive stance on end-use industries such automotive, electronics, textiles, pharmaceutical, construction industry, and others in countries like China & India is predict to drive demand. Increasing demand for construction industry in the Indian, Taiwan, and South Korea has made Asia Pacific largest consumer of the epichlorohydrin market. China is major dominating country owing to large scale production of end user industries such as automotive, electronics and textiles industry.
The second largest market for epichlorohydrin is Europe due to increasing demand from European countries such as Germany, Spain, Italy, France, U.K. and others owing to their huge development. In Europe region epichlorohydrin is primarily used as a raw material for the production of epoxy resins which finds wide application in various industries such as building & construction, automobile, marine, consumer goods and in pharmaceuticals. The rapid growth of these end-user industries will drive the overall growth of epichlorohydrin industry in Europe region.
In North America, the textile and automotive industry accounting for a good consumption of epichlorohydrin is huge in the US followed by Mexico and. Moreover, key players also have started concentrating on consuming glycerin which cause slowing substituting propylene in the production of epichlorohydrin. Glycerin is expected to be the fastest growing raw material segment of the market within the forecast period as it used in the production of bio-based epichlorohydrin. Therefore, APAC, North American and Europe region has huge demand for epichlorohydrin in various industry is anticipated to record a proliferation rate. The developing economies including Latin America (Argentina and Brazil) and Middle East are also predicted to give considerable growth rate in the global epichlorohydrin market over the forecast period.
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