Epichlorohydrin Market Overview
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Market Development for Epichlorohydrins:
In 2022, the Epichlorohydrin Market was estimated to be worth $2.89 billion USD. The Epichlorohydrin Market is estimated to increase at a 6% CAGR during the forecast period.
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Epichlorohydrin Market Report Scope and Research Methodology
At the national, regional, and international levels, the research offers a thorough examination of the Epichlorohydrin market. It offers a thorough examination of the competitive environment in the Epichlorohydrin market, taking into account the main players’ business plans. A list of the major rivals of Epichlorohydrin is provided in the study, together with details on their earnings, volume of production, worldwide reach, and sales. The SWOT analysis was employed to ascertain the advantages and disadvantages of the principal participants in the Epichlorohydrin sector. The study also includes detailed information on the potential, challenges, drivers, and restraints of the Epichlorohydrin market.
The size of the worldwide and regional Epichlorohydrin markets was calculated using the bottom-up method. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The research also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Epichlorohydrin production process. In order to comprehend the Epichlorohydrin market at both the macro and micro levels, it also contains Porter’s and PESTLE analysis in addition to market attractiveness.
Growth of the Epichlorohydrin Dynamics:
The epidemic of covid-19 has had a tremendous influence on the global economy, hurting both small and large-scale businesses. In order to tackle the virus, the government has instituted social isolation as well as lockdowns in a number of countries. This has slowed the spread of the virus. As a result, some countries are shutting down, and product manufacturing has ended.
Because of inadequate output in different industries, demand for epichlorohydrin has decreased. Furthermore, almost everyone has ceased undertaking any construction work, which is detrimental for the epichlorohydrin industry because coatings and paintings play an important part in the market. The main corporations are making every effort to stimulate the market.
Epichlorohydrin Market Segmentation:
by Feedstock
Petro-Based
Bio-Based.
According to Feedstock, the market for epichlorohydrin has the highest percentage of petroleum-based feedstock. Epichlorohydrin (ECH) has traditionally been manufactured using petroleum-based feedstock. Epichlorohydrin is commonly manufactured in a multi-step process based on propylene, a petrochemical.
Currently, the typical propylene high-temperature reaction with chlorine followed by hydrolysis accounts for approximately 85% of industrial ECH demand. Epichlorohydrin is a versatile organic chemical raw material and chemical intermediate. It is principally used to manufacture epoxy resins, a critical component of paints, varnishes, electrical insulating materials, and glass fibre reinforced polymers used in the construction of aircraft, automobiles, ships, printed circuit boards, and wind turbines.
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) react to form epoxies, and alternative raw materials (such as aliphatic glycols, phenol, and o-cresol novolacs) can be employed in place of BPA to form specialty resins. Epoxy-based paints and coatings use less energy and are better for the environment than heat-cured coatings.
Because of increased purchasing power, changing lifestyles, fast industrialization, and population growth, the market for paints and coatings will expand. These resins are used to make high-performance adhesives with great chemical and heat resistance, which are used in the manufacture of automobiles, bicycles, and aircraft. Epoxy resins are also used for a variety of purposes, including.
by End-Use
Paints & Coatings
Electrical & Electronics
Construction
Wind Turbines
Composites
Textile
Others
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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)
Epichlorohydrin Market Regional Insights
Geographically, the report is segmented into several key countries, with market size, growth rate, import and export of Epichlorohydrin market in these countries, which covering North America – U.S., Canada, Mexico, Europe – UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific – China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America – Brazil, and Middle East and Africa.
Key Questions answered in the Epichlorohydrin Market Report are:
- What is the expected Epichlorohydrin market size by 2030?
- What will be the CAGR of the Epichlorohydrin market during the forecast period?
- Which segment held the largest share in the Epichlorohydrin market?
- How is the competitive scenario of the Epichlorohydrin market?
- Which are the key factors driving the Epichlorohydrin market growth?
- What are the factors restraining the Epichlorohydrin market growth?
- Which region holds the maximum share in the Epichlorohydrin market?
- Who are the key players in the Epichlorohydrin market?
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Key Offerings:
- A detailed Market Overview
- Market Share
- Market Size
- Market Forecast by Revenue
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
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