Global Epichlorohydrin market
Author : geeta narwade | Published On : 29 Jul 2021
Global Epichlorohydrin market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at 5.12% through 2020 to 2027, reaching US$ XX Bn. The report has covered region-wise market trends with a competitive landscape. The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Epichlorohydrin Market
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Global Epichlorohydrin market Dynamics:
The global epichlorohydrin market is driven by the rising demand for epoxy resins from various end-use industries such as building and construction, automotive, and renewable energy equipment. The epichlorohydrin serves as the key ingredient for manufacturing epoxy resin and the rising number of epoxy resin producers, which will boost the market growth. The increasing demand for epichlorohydrin-based resins in the water treatment process and the utilization of epichlorohydrin based rubber in the automotive industry are likely to propel the market growth in the coming years.
The increasing automobile production in the Asia Pacific region because of the rising disposable income, easy finance options, initiatives to promote the regional automotive industry, and the growing automotive production plant will drive the regional epichlorohydrin market. However, stringent regulations regarding the uses of epichlorohydrin, volatility in the cost of raw materials, and the availability of substitutes in the market may restrain the market growth in the coming years. The rapid industrialization along with the rising population and increasing demand for bio-based epichlorohydrin are creating beneficial growth opportunities in the market over the upcoming period.
The epoxy resins segment has led the global epichlorohydrin market in 2019
The MMR report covers the detailed analysis of the global epichlorohydrin market by raw material, manufacturing processes, application, end-users, and region.
Based on application, the epoxy resins segment has led the global epichlorohydrin market in 2019 and is expected to grow at a CAGR of XX% during the forecast period. Epoxy resins produced from epichlorohydrin, which are utilized across various end-user industries containing adhesives, coatings, and plastics. Also, these resins are utilized in the manufacturing of inks and dyes. Epoxy resin is broadly used as an insulation material in electrical & electronics applications that require protection in extreme and dangerous environments.
On the other hand, the Synthetic Glycerin segment is expected to grow at a CAGR of XX% during the forecast period. This is attributed to the synthetic glycerin is majorly utilized in the cosmetics industry and in commercial insecticides, surfactants, solvents, pharmaceuticals, textiles, and paper sectors.
Based on end-user, the paints and coatings segment was valued at US$ XX Mn in 2019 and is expected to grow at a CAGR of XX% during the forecast period. The growth in construction and industrial sectors that are increasing the demand for temperature resistance and corrosion-free coating and painting for the end process will drive the market growth in the coming years. Epichlorohydrin resins are used to manufacture high-performance adhesives with superior chemical and heat resistance properties. Therefore, it is majorly utilized in aircraft, bicycle, and automobile manufacturing, which will boost the demand for epichlorohydrin resin-based paints and coating over the upcoming period.
Asia Pacific held the dominant market share of 48.7% in 2019
Geographically, Asia Pacific held the dominant market share of 48.7% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. This is attributed to the increasing demand for epichlorohydrin in emerging economies such as China, India, Malaysia, Indonesia, and Taiwan. Increasing oil exploration and refining activities along with the growing demand for epoxy resins in India, Taiwan, and South Korea, are anticipated to fuel the market growth in the Asia Pacific. China accounted for the largest market share of XX% in 2019 because China is the leading manufacturer and exporter of epichlorohydrin in the region. India and Taiwan are the fastest-growing markets during the forecast period thanks to the growing demand from end-use industries such as construction, electrical & electronics, paint, and coating.
North America held the second-largest market share of XX% in 2019 and is expected to grow at a CAGR of XX% during the forecast period. Upcoming construction projects and well established automotive and pharmaceutical industries are propelling market growth in the region. Developed Countries like the U.S and Canada are leading contributors to the regional market growth. Among these, the U.S is the major consumer of epichlorohydrin in North America.
The objective of the report is to present a comprehensive analysis of the Global Epichlorohydrin Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Epichlorohydrin Market dynamics, structure by analyzing the market segments and project the Global Epichlorohydrin Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Epichlorohydrin Market make the report investor’s guide.
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Global Epichlorohydrin Market, by Raw Material:
Global Epichlorohydrin Market, by Manufacturing Processes:
Global Epichlorohydrin Market, by Application:
• Water treatment chemicals
• Synthetic Glycerin
• Epoxy resins
Global Epichlorohydrin Market, by End-users:
• Electrical and electronics
• Paints and Coatings
• Wind turbine
Global Epichlorohydrin Market, by Region:
• Asia Pacific
• North America
• Latin America
• Middle East Africa
Global Epichlorohydrin Market, Major Players:
• Aditya Birla Chemicals
• Formosa Plastic Corporation
• ZAK£ADY Chemiczne Zachem SA
• Hanwha Chemical
• Jiangsu Yangnong Chemical Group
• KASHIMA CHEMICAL
• Momentive Specialty Chemical Industries
• NAMA Chemicals
• LOTTE Fine Chemical Ltd.
• Shandong Haili Chemical Industry Co. Ltd.
• Solvay SA
• Spolchemie AS
• Sumitomo Chemical
• Tamilnadu Petroproducts
• DOW Chemical Company
• DAISO Co. Ltd.
• Zachem SA
• Samsung Fine Chemicals Co., Ltd.
• Osaka Soda Co., Ltd.
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