Global Epichlorohydrin Market, By Feedstock Used (Petro-Based Feedstock, Bio-Based Feedstock), Application (Epoxy Resins, Ion Exchange Resin, Epichlorohydrin Based Rubber, Water Treatment Chemicals, Synthetic Glycerine, Pharmaceutical, Others), End-Use Industry (Automotive, Adhesives, Paints, Surfactants, Construction, Wind turbine, Others) – Industry Trends and Forecast to 2029
Epichlorohydrin Market Analysis and Size
The rising use of epoxy resins in the construction, automotive, aerospace, and other important industries is what is driving the product demand. The requirement for water treatment chemicals and ongoing expenditures in wastewater treatment infrastructure will further fuel demand for epichlorohydrin. Additionally, the heightened use of epichlorohydrin-based rubber in the automotive sector also further propels market’s growth rate.
Global epichlorohydrin market was valued at USD 2.73 billion in 2021 and is expected to reach USD 4.52 billion by 2029, registering a CAGR of 6.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Epichlorohydrin Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Feedstock Used (Petro-Based Feedstock, Bio-Based Feedstock), Application (Epoxy Resins, Ion Exchange Resin, Epichlorohydrin Based Rubber, Water Treatment Chemicals, Synthetic Glycerine, Pharmaceutical, Others), End-Use Industry (Automotive, Adhesives, Paints, Surfactants, Construction, Wind turbine, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Solvay (Belgium), Boruta-Zachem SA (Poland), LOTTE Fine Chemical (South Korea), DOW (U.S.), Sumitomo Chemical Co. Ltd., (Japan), Aditya Birla Chemicals (India), DuPont (U.S.), Momentive. (U.S.), Jiangsu Yangnong Chemical Co.Ltd (China), Osaka Soda (Japan), Formosa Plastics Corporation (U.S.), The Chemours Company (U.S.), Daisco (Japan), Shandong Haili Chemical Industry Co. Ltd (China), NAMA Chemicals (Saudi Arabia)
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Market Opportunities
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Market Definition
A chemical called epichlorohydrin has both epoxy and chlorine components. Due to these benefits, it is widely used in many different fields. Due to its chiral structure and the strength of its epoxy bond, it is only marginally soluble in water. Epichlorohydrin is used to make epoxy resin, glue, and plastic. Glycerin serves as the initial component in the production of epichlorohydrin. Fumigants, solvents, and other explosives can be made by combining nitrate and epichlorohydrin.
Epichlorohydrin Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Demand of Epoxy Resin
Epoxy resins are used in a broad variety of industries, including paint, electronics, adhesives, automotive, and construction. This is driving the expansion of the epoxy resin industry, which in turn is boosting the growth of the global market for epichlorohydrin. The major consumers of epichlorohydrin are mostly found in the industries that manufacture epoxy resin, which is a key driver of the expansion of the worldwide epichlorohydrin market.
- Surging Applications of Epichlorohydrin
One of the key factors influencing the market for epichlorohydrin is the expanding demand for paints and coatings in the building industry. Paints and coatings currently hold the largest market share; during the projected period, this share is expected to grow even more. In addition to construction, paints and coatings are used in the automotive industry, and the market for epichlorohydrin will develop as more people buy cars as a result of an expanding global population. The production of plastics using epichlorohydrin will raise global plastic demand, which will benefit the market for epichlorohydrin.
The economic growth in the emerging countries will further propel the growth rate of epichlorohydrin market. Additionally, the growth in industrialization and rising standard of living will also drive market value growth. The increased usage for various applications is projected to bolster the market's growth.
Opportunities
- Environmentally Friendly Techniques And Awareness
Furthermore, various environmentally friendly techniques by the manufacturers further extend profitable opportunities to the market players in the forecast period of 2022 to 2029 such as switching from the petroleum-based raw material (propylene) to a bio-based raw material (glycerin). Additionally, the growing awareness about the benefits of epichlorohydrin such as it is durable, resistant to ozone and weathering, hydrocarbon oil and fuel resistant and others will further expand the future growth of the epichlorohydrin market.
Restraints/Challenges
- Stringent Emission Standards
The stringent emission standards and regulations set by the government for the production of epichlorohydrin will create hindrances for the growth of the epichlorohydrin market.
- Replacement of Epichlorohydrin Production Process
The classic epichlorohydrin production process is being replaced by new, technologically advanced processes like the Epicerol process, which removes the environmental constraints limiting the expansion of the worldwide epichlorohydrin market. This determinant will pose as a major challenge for the epichlorohydrin market growth rate.
This epichlorohydrin market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the epichlorohydrin market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Epichlorohydrin Market
The recent outbreak of coronavirus had a negative impact on the epichlorohydrin market due to the shutdown of various manufacturing facilities. The demand for epichlorohydrin has declined as a result of poor production in various industries. Additionally, practically everyone has stopped doing any building work, which is problematic for the epichlorohydrin industry because coatings and paintings play a significant role in the market. The major players are making every effort to increase market demand, however after the events of COVID-19, the market is anticipated to grow.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In October 2021, The Hassad project's (Subsidiary Facility) scheduled periodic maintenance work has been successfully completed, according to Nama Chemicals Company, a global leader in the production of epichlorohydrin. On Wednesday, October 20, 2021, plant operation and production will begin. Chemical catalysts have been replaced, and numerous related units have had various units checked, repaired, and maintained throughout this period of regular maintenance. The task of incorporating the utility unit's chilled water system has also been finished. On October 25, 2021, the industrial complex as a whole will stop operating.
Global Epichlorohydrin Market Scope
The epichlorohydrin market is segmented on the basis of feedstock, application and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Feedstock Used
- Petro-Based Feedstock
- Bio-Based Feedstock
Application
- Epoxy Resins
- Ion Exchange Resin
- Epichlorohydrin Based Rubber
- Water Treatment Chemicals
- Synthetic Glycerine
- Pharmaceutical
- Others
End-Use Industry
- Automotive
- Adhesives
- Paints
- Surfactants
- Construction
- Wind turbine
- Others
Epichlorohydrin Market Regional Analysis/Insights
The epichlorohydrin market is analyzed and market size insights and trends are provided by country, feedstock, application and end-use industry as referenced above.
The countries covered in the epichlorohydrin market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing demand of chemical products within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing demand from various end-use industries and rising preferences of epoxy resin in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Epichlorohydrin Market Share Analysis
The epichlorohydrin market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to epichlorohydrin market.
Some of the major players operating in the epichlorohydrin market are
- Solvay (Belgium)
- Boruta-Zachem SA (Poland)
- LOTTE Fine Chemical (South Korea)
- DOW (U.S.)
- Sumitomo Chemical Co. Ltd., (Japan)
- Aditya Birla Chemicals (India)
- DuPont (U.S.)
- Momentive. (U.S.)
- Jiangsu Yangnong Chemical Co.Ltd (China)
- Osaka Soda (Japan)
- Formosa Plastics Corporation (U.S.)
- The Chemours Company (U.S.)
- Daisco (Japan)
- Shandong Haili Chemical Industry Co. Ltd (China)
- NAMA Chemicals (Saudi Arabia)
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