Epichlorohydrin Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Epichlorohydrin Market Analysis
The market is expected to register a CAGR of more than 5% during the forecast period.
- Covid-19 negatively affected the demand for the epichlorohydrin market in 2020 due to stalling of the construction industry in many sectors and textile industries. However, the market significantly recovered in 2021, with many countries pushing the construction sector as a growth recovery driver post-COVID-19 recovery.
- The increasing demand for epichlorohydrin-based resins in the water treatment process is expected to act as a driver for the growth of the market studied in the future.
- However, government regulations on the toxicity level of epichlorohydrin are expected to hinder the market's growth.
- By application, the demand for epichlorohydrin from epoxy resin is expected to increase during the forecast period.
- Asia-Pacific dominates the market globally, with the largest consumption from countries, such as China and India.
Epichlorohydrin Market Trends
This section covers the major market trends shaping the Epichlorohydrin Market according to our research experts:
Growing Demand of Epoxy Resin in Global Market
- Epichlorohydrin is principally changed over to bisphenol A glycidyl ether, a building block in the manufacturing of epoxy resins. It is additionally a precursor to monomers for different resins and polymers.
- Epoxy resin is extensively used as an insulation material for electronics and electrical applications that require protection in extreme and dangerous environments (such as chemical plant equipment, deep sea, and engine management).
- Epoxy resins hold a wide range of applications in the industry due to their valuable properties in the paints & coatings industry in the form of anti-corrosive primers, primer tie coats, primer finishes, abrasion-resistant coatings, and chemical, heat, and fire-resistant coatings.
- The usage of epoxy coatings is expected to grow further due to the rising demand from the electric vehicle (EV), marine, and aerospace industries. In the first half of 2022, more than 4 million BEVs and PHEVs were sold globally.
- Owing to the aforementioned factors, the application of epichlorohydrin as epoxy resins is expected to increase during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the global market, owing to the robust demand from developing nations, including China and India. Industrialization, the growing consumer class, etc., mainly drive the region. These factors propel the growth of the epichlorohydrin market's growth in the region.
- Asia-Pacific is the largest market for epoxy resins, with a share of about 65%, as most of the emerging economies are based in this region. Increasing industrialization and growing infrastructure make it an attractive market for epichlorohydrin-made epoxy resins.
- In August 2022, China announced that it would be spending 300 billion yuan (~USD 44 billion) on infrastructure development and announced more stimulus policies for growth in this sector.
- In India, in the residential segment, the government is pushing huge projects in the next few years. India has an investment budget of USD 1,400 billion for infrastructure - 24% on renewable energy, 19% on roads and highways, 16% on urban infrastructure, and 13% on railways.
- The Asia-Pacific water treatment chemicals market is projected to witness substantial growth during the forecast period, in terms of volume, owing to the rising standard of living in the region that resulted in the growing demand for quality drinking water.
- Owing to the aforementioned factors, the market for epichlorohydrin in the Asia-Pacific region is projected to witness a growth during the study period.
Epichlorohydrin Industry Overview
The global epichlorohydrin market is consolidated, with only a few major players dominating the market. Some major companies are Solvay, LOTTE FINE CHEMICAL, Sumitomo Chemical Co., Ltd., Hexion., Grasim Industries Limited (India), and Aditya Birla Chemicals (Thailand) Pvt. Ltd, among others (not in any particular order).
Epichlorohydrin Market Leaders
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Solvay
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LOTTE FINE CHEMICAL
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Sumitomo Chemical Co., Ltd.
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Hexion.
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Grasim Industries Limited (India) and Aditya Birla Chemicals (Thailand) Pvt. Ltd
*Disclaimer: Major Players sorted in no particular order
Epichlorohydrin Market News
- In August 2022, OCIM Sdn. Bhd. and KUMHO P&B CHEMICALS., INC. partnered to manufacture epichlorohydrin in Malaysia. The annual production capacity of the plant is 100 KTPA. The ECH will be mainly used to produce epoxy resins using bio-based raw materials.
- In March 2022, Grasim Industries Limited (India) and Aditya Birla Chemicals (Thailand) Pvt. Ltd announced that it would increase the production capacity of epichlorohydrin (ECH) in Quarter 1 of 2025.
Epichlorohydrin Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Growing Demand of Epoxy resin in Global Market
- 4.1.2 Increasing Availability of Bio-Based Glycerin For the Production of Bio Based Epichlorohydrin
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Government Regulations on Toxicity of Epichlorohydrin
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
- 4.5 Raw Material Analysis
5. MARKET SEGMENTATION (Market Size in Volume)
- 5.1
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5.2 Product
- 5.2.1 Epichlorohydrin
-
5.3 Type
- 5.3.1 Oil-based Epichlorohydrin
- 5.3.2 Bio-based Epichlorohydrin
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5.4 Application
- 5.4.1 Epoxy Resins
- 5.4.2 Synthetic Glycerin
- 5.4.3 Epichlorohydrin Elastomers
- 5.4.4 Specialty Water Treatment Chemicals
- 5.4.5 Other Applications
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5.5 Geography
- 5.5.1 Asia-Pacific
- 5.5.1.1 China
- 5.5.1.2 India
- 5.5.1.3 Japan
- 5.5.1.4 South Korea
- 5.5.1.5 Rest of Asia-Pacific
- 5.5.2 North-America
- 5.5.2.1 United States
- 5.5.2.2 Canada
- 5.5.2.3 Mexico
- 5.5.3 Europe
- 5.5.3.1 Germany
- 5.5.3.2 United Kingdom
- 5.5.3.3 France
- 5.5.3.4 Italy
- 5.5.3.5 Rest of Europe
- 5.5.4 South America
- 5.5.4.1 Brazil
- 5.5.4.2 Argentina
- 5.5.4.3 Rest of South America
- 5.5.5 Rest of the World
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Grasim Industries Limited (India) and Aditya Birla Chemicals (Thailand) Pvt. Ltd
- 6.4.2 Hexion.
- 6.4.3 Kashima Chemical Co., LTD
- 6.4.4 KUMHO P&B CHEMICALS.,INC.
- 6.4.5 LOTTE FINE CHEMICAL
- 6.4.6 Momentive
- 6.4.7 NAMA Chemicals.
- 6.4.8 Parchem fine & specialty chemicals.
- 6.4.9 Shandong Haili Chemical Industry Co. Ltd
- 6.4.10 Sumitomo Chemical Co., Ltd.
- 6.4.11 Solvay
- 6.4.12 SPOLCHEMIE
- 6.4.13
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growth of Epichlorohydrin-Based Resins in Water Treatment Industry
- 7.2 Other Opportunities
Epichlorohydrin Industry Segmentation
Epichlorohydrin is a highly reactive chemical intermediate. In its pure form, epichlorohydrin is a clear, colorless liquid. The presence of an epoxide ring and a chlorine atom in the molecule allows epichlorohydrin to readily undergo various chemical reactions with many types of compounds, earning its widespan use as a chemical intermediate. The epichlorohydrin market is segmented by product, type, application, and geography. By product, the market is segmented into epichlorohydrin. By type, the market is segmented into oil-based epichlorohydrin and bio-based epichlorohydrin. By application, the market is segmented into epoxy resins, synthetic glycerin, epichlorohydrin elastomers, specialty water treatment chemicals, and other applications. The report also covers the market size and forecasts for the epichlorohydrin market in 13 countries across major regions. For all the above segments, market sizing and forecasts have been done on the basis of volume (kiloton).
| Product | Epichlorohydrin | |
| Type | Oil-based Epichlorohydrin | |
| Bio-based Epichlorohydrin | ||
| Application | Epoxy Resins | |
| Synthetic Glycerin | ||
| Epichlorohydrin Elastomers | ||
| Specialty Water Treatment Chemicals | ||
| Other Applications | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North-America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Rest of the World |
Epichlorohydrin Market Research FAQs
What is the current Epichlorohydrin Market size?
The Epichlorohydrin Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Epichlorohydrin Market?
Solvay, LOTTE FINE CHEMICAL, Sumitomo Chemical Co., Ltd., Hexion. and Grasim Industries Limited (India) and Aditya Birla Chemicals (Thailand) Pvt. Ltd are the major companies operating in the Epichlorohydrin Market.
Which is the fastest growing region in Epichlorohydrin Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Epichlorohydrin Market?
In 2024, the Asia Pacific accounts for the largest market share in Epichlorohydrin Market.
What years does this Epichlorohydrin Market cover?
The report covers the Epichlorohydrin Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Epichlorohydrin Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the recent developments and trends in the Epichlorohydrin Industry?
The recent developments and trends in the Epichlorohydrin Industry are a) Partnerships for manufacturing epichlorohydrin, capacity expansions by key players b) Shift towards bio-based feedstock for epichlorohydrin production
What factors are driving the growth of the Epichlorohydrin Market?
The factors driving the growth of the Epichlorohydrin Market are a) Increasing demand for epichlorohydrin-based resins in water treatment processes b) Rising demand for epoxy resins in industries like electronics, automotive, and construction
Epichlorohydrin Industry Report
The global epichlorohydrin (ECH) market is witnessing significant growth, fueled by the rising demand for epoxy resins in key industries such as automotive, construction, and renewable energy. This surge is linked to epoxy resins' broad applications, especially in paints and coatings. The industry's pivot towards bio-based products, with manufacturers opting for glycerin-based materials, underscores a move toward sustainability. Dominated by the Asia-Pacific region, due to strong demand from China and India, the market sees epichlorohydrin manufacturers expanding capacities and diversifying portfolios. Despite facing challenges like environmental regulations and health risks from ECH exposure, the market's growth trajectory is robust, propelled by the growing use of epoxy resins and a shift to bio-based feedstock. Mordor Intelligence™ Industry Reports provide detailed statistics on the ECH market's share, size, and revenue growth, offering a market forecast outlook and historical overview, available as a free report PDF download.
