New York, NY -- (SBWIRE) -- 05/06/2021 -- The expansion in the construction sector, the rising demand for epoxy resins, the elevating demand for bio-based products have resulted in boosting the Epichlorohydrin market. 

Market Size – USD 2.36 Billion in 2018, Market Growth - CAGR of 5.1%, Market Trends – The elevating demand for bio-based products

The global Epichlorohydrin Market is forecast to reach USD 3.75 Billion by 2027, according to a new report by Reports and Data. Epichlorohydrin (ECH) is a flammable and a volatile clear liquid at room temperature, which is insoluble in water. It has a garlicky, pungent, sweet odor. It is usually made from allyl chloride that is derived from chlorine/caustic soda and propylene. It is primarily used in manufacturing glycerol and unmodified epoxy resins. To a lesser extent, it is used in producing water treatment resins, elastomers, ion exchange resins, surfactants, plasticizers, adhesives, and lubricants, among others. It also finds application in manufacturing synthetic glycerine, textiles, solvents, inks and dyes, paper, and surfactants. The compound is also listed in commercial pesticides as an inert ingredient. In the textile industry, the compound is used in modifying carboxyl groups of wool. The end-product has an enhanced and longer resistance to moths.

In context to region, North America can be seen to occupy a significant market share. The market share held by the region is attributed to rising demand for specialty chemicals and continuous expansion of the automotive & aerospace industry that is boosting the demand for ECH in this region.

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Further key findings from the report suggest

- The Epichlorohydrin market held a market share of USD 36 Billion in the year 2018 that is forecasted to grow at a rate of 5.1% during the forecast period.
- In context to Raw Materials, the Bio-based segment is projected to witness the fastest growth rate of 6.6% during the forecast period, which is expected to occupy 35.0% of the market by 2027. The rising demand for bio-based products among consumers and continuous growth in the number of plants for producing ECH from renewable sources, particularly from glycerin, contributes to the growth rate witnessed by this segment. The glycerin used in the production of ECH is derived as a by-product from the manufacture of biodiesel.
- In context to End-use, the Paints and Coatings segment is leading the market that generated the highest revenue of USD 0.97 Billion in 2018 with a growth rate of 5.3% during the forecast period. The revenue generated by the segment is attributed to increasing demand for epoxy coatings that results in elevating the use of ECH in paints & coatings. The applicability of this compound as a solvent for paints and coatings also results in its extensive use in this segment.
- In context to Application, the Water treatment chemicals segment is projected to witness a considerable growth rate of 6.1% during the forecast period, which is expected to occupy more than 10% of the market by 2027. The rising awareness about consumption of hygienic & processed water and applicability of the compound in polyamide water treatment chemicals contributes to the growth rate witnessed by this segment.
- In regards to the region, Europe held 0% of the market in 2018, with a growth rate of 5.3% during the forecast period. Factors like the presence of well-established, mature automotive, electrical & electronics sector is supporting the growth of the market in this region.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/epichlorohydrin-ech-market

For the purpose of this report, Reports and Data have segmented the global Epichlorohydrin market according to Raw Materials, End-use, Application, and Region:

Raw Materials Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Bio-based
Petro-based

End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Paints and Coatings
Wind turbine
Composites
Construction
Adhesives
Electrical and electronics
Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

Epoxy resins
Water treatment chemicals
Synthetic Glycerin
Pharmaceuticals
Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)

North America
Europe
Asia Pacific
MEA
Latin America

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Table of Content:

Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technology
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Epichlorohydrin Market Segmentation & Impact Analysis
    4.1. Epichlorohydrin Market Segmentation Analysis
    4.2. Industrial Outlook
         4.2.1. Market indicators analysis
         4.2.2. Market drivers analysis
                 4.2.2.1. The rising demand for epoxy resins
                 4.2.2.2. The expansion in the construction sector
                 4.2.2.3. The elevating demand for bio-based products
        4.2.3. Market restraints analysis
                4.2.3.1. Fluctuating price of raw materials
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter's Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price Trend Analysis
….
Chapter 9. Competitive Landscape
    9.1. Market Revenue Share By Manufacturers
    9.2. Manufacturing Cost Breakdown Analysis
    9.3. Mergers & Acquisitions
    9.4. Market positioning
    9.5. Strategy Benchmarking
    9.6. Vendor Landscape
Chapter 10. Company Profiles
    10.1. DAISO Co. Ltd.
           10.1.1. Company Overview
           10.1.2. Financial Performance
           10.1.3. Technology Insights
           10.1.4. Strategic Initiatives
    10.2. Aditya Birla Chemicals
           10.2.1. Company Overview
           10.2.2. Financial Performance
           10.2.3. Technology Insights
           10.2.4. Strategic Initiatives
    10.3. Hanwha Chemical
           10.3.1. Company Overview
           10.3.2. Financial Performance
           10.3.3. Technology Insights
           10.3.4. Strategic Initiatives
    10.4. Formosa Plastics
           10.4.1. Company Overview
           10.4.2. Financial Performance
           10.4.3. Technology Insights
           10.4.4. Strategic Initiatives
    10.5. Kashima Chemical
           10.5.1. Company Overview
           10.5.2. Financial Performance
           10.5.3. Technology Insights
           10.5.4. Strategic Initiatives
Continue….

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