Epichlorohydrin Market Size (2024 - 2029)

The epichlorohydrin market is projected to experience growth, driven by increasing demand for its application in epoxy resins and water treatment processes. Despite the initial negative impact of Covid-19 on demand due to disruptions in construction and textile industries, the market has shown significant recovery. However, growth may be impeded by stringent government regulations concerning the toxicity of epichlorohydrin. The Asia-Pacific region leads in market consumption, with substantial contributions from countries like China and India.

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Market Size of Epichlorohydrin Industry

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Epichlorohydrin Market Summary
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

Epichlorohydrin Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
North-America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Rest of the World
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Epichlorohydrin Market Size Summary

The epichlorohydrin market is poised for significant growth, driven by its increasing application in epoxy resins, which are essential in various industries such as electronics, aerospace, and automotive. The demand for epichlorohydrin-based resins in water treatment processes is also expected to contribute to market expansion. Despite challenges posed by government regulations concerning toxicity levels, the market is recovering from the setbacks experienced during the COVID-19 pandemic, with a notable resurgence in the construction and textile sectors. The Asia-Pacific region, particularly China and India, is anticipated to lead the global market due to rapid industrialization and infrastructure development, which bolster the demand for epoxy resins.

The global epichlorohydrin market is characterized by a consolidated landscape with a few major players, including Solvay, LOTTE FINE CHEMICAL, and Sumitomo Chemical Co., Ltd. Recent strategic partnerships and expansions, such as those by OCIM Sdn. Bhd. and KUMHO P&B CHEMICALS in Malaysia, and Grasim Industries Limited and Aditya Birla Chemicals in India and Thailand, respectively, are set to enhance production capacities. These developments are aligned with the growing demand for bio-based raw materials in epoxy resin production. The market's growth trajectory is further supported by substantial investments in infrastructure and water treatment initiatives in the Asia-Pacific region, reflecting a rising standard of living and increased demand for quality drinking water.

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Epichlorohydrin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand of Epoxy resin in Global Market

      2. 1.1.2 Increasing Availability of Bio-Based Glycerin For the Production of Bio Based Epichlorohydrin

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Government Regulations on Toxicity of Epichlorohydrin

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

    5. 1.5 Raw Material Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1

    2. 2.2 Product

      1. 2.2.1 Epichlorohydrin

    3. 2.3 Type

      1. 2.3.1 Oil-based Epichlorohydrin

      2. 2.3.2 Bio-based Epichlorohydrin

    4. 2.4 Application

      1. 2.4.1 Epoxy Resins

      2. 2.4.2 Synthetic Glycerin

      3. 2.4.3 Epichlorohydrin Elastomers

      4. 2.4.4 Specialty Water Treatment Chemicals

      5. 2.4.5 Other Applications

    5. 2.5 Geography

      1. 2.5.1 Asia-Pacific

        1. 2.5.1.1 China

        2. 2.5.1.2 India

        3. 2.5.1.3 Japan

        4. 2.5.1.4 South Korea

        5. 2.5.1.5 Rest of Asia-Pacific

      2. 2.5.2 North-America

        1. 2.5.2.1 United States

        2. 2.5.2.2 Canada

        3. 2.5.2.3 Mexico

      3. 2.5.3 Europe

        1. 2.5.3.1 Germany

        2. 2.5.3.2 United Kingdom

        3. 2.5.3.3 France

        4. 2.5.3.4 Italy

        5. 2.5.3.5 Rest of Europe

      4. 2.5.4 South America

        1. 2.5.4.1 Brazil

        2. 2.5.4.2 Argentina

        3. 2.5.4.3 Rest of South America

      5. 2.5.5 Rest of the World

Epichlorohydrin Market Size FAQs

The Epichlorohydrin Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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.

Epichlorohydrin Market Report Snapshots

Epichlorohydrin Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)