(MENAFN- ChemAnalysts) According to ChemAnalyst report, “Global Epichlorohydrin Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, The Epichlorohydrin market has shown considerable growth in historical period and is expected to experience an expansion at a CAGR of 4.39% during the forecast period. Growing demand for Epichlorohydrin by industries like Paints & Coatings, Electrical & Electronics, Adhesives, Water Treatment Chemicals, and Elastomers, Textiles, Paper Industries, Ion Exchange Resins & Others is anticipated to boost the global Epichlorohydrin market in the upcoming years.
Epichlorohydrin is an epoxide and an organochlorine substance. It is a white liquid with a strong garlic-like odor. This compound is miscible with most of the polar organic solvents but only moderately soluble in water. There are three main ways to synthesize Epichlorohydrin- allyl chloride, allyl alcohol and glycerine route. However, chlorination of Propylene Acetate is the conventional method and the most widely used one. The niche applications of Epichlorohydrin are for the production of epoxies, fabrics, paper goods, dyes, pigments, automobile and aviation parts, biocides, cosmetic and ion-exchange resins. Epichlorohydrin is also employed as a solvent for natural and synthetic resins, gums, cellulose esters, and ethers. The paper industry uses Epichlorohydrin as a pulp ingredient because it crosslinks when dried to produce paper with properties like high moisture strength. Epichlorohydrin is used to alter wool in textile applications, making it more resilient and insect resistant. Additionally, Epichlorohydrin is employed as an insecticide.
The epichlorohydrin market is primarily driven by the Paints & Coatings sector. With rapid urbanization and industrialization, the demand for paints and coatings for industrial applications is anticipated to surge, hence propelling the demand for Epichlorohydrin in the forecast period. Epoxy resin manufacturing industries are the primary consumers of Epichlorohydrin, which is a significant factor in the growth of the global epichlorohydrin market. A wide range of industries, including paint, electrical, adhesive, automobile, and construction, use epoxy resins. The market for Epichlorohydrin is expanding globally, as a result, fueling the growth of the epoxy resin sector.
The global Epichlorohydrin market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Epichlorohydrin market is segregated into Paints & Coatings, Electrical & Electronics, Adhesives, Water Treatment Chemicals, and Elastomers, Textiles, Paper Industries, Ion Exchange Resins & Other end-use industries. Paints & Coatings is the leading segment and is expected to create huge demand for Epichlorohydrin owing to the heavy usage of paints and coatings in the construction and automobile industry.
Region-wise, the Asia Pacific region holds the largest market share of the global demand for Epichlorohydrin, followed by Europe. However, due to rising construction projects and development occurring in countries like India and Japan, the demand for adhesives, paints, and coatings is anticipated to rise, which is anticipated to swell the Epichlorohydrin market in the forecast period. Due to the abundance of readily available feedstock, China is the world's top producer of Epichlorohydrin.
“Global Epichlorohydrin Market Analysis: Plant Capacity, Production, Process, Technology, Operating Efficiency, Demand & Supply, End-Use, Foreign Trade, Sales Channel, Regional Demand, Company Share, 2015-2030”, the significant players active in Epichlorohydrin market are Olin (Former Dow Chemical), Shandong Haili Chemical, Vinythai AGC Group, Dow Chemical, Samsung Fine Chemical, Jiangsu Yangnong Chemical Group Co. Ltd, Yihai Kerry (Wilmar), Osaka Soda (Daiso organics), Shandong Sanyue Chemical Co.,, Shandong Befar Group Ruicheng Chemical Co., Ltd., Formosa Chemicals And Fibre Corp., and Triplex Chemical (Yee Fong Chemical & Industrial Co.,).
“The constant rising demand of Epichlorohydrin mostly for manufacturing Paints & Coatings which are employed in various industries like construction and automotive sector is anticipated to drive the Global Epichlorohydrin market in the forecast period until 2030. Epichlorohydrin is employed as a solvent in commodities like paints, coatings, and adhesives which are employed by various industries. Additionally, its usage to manufacture Epoxy Resins that offer excellent chemical and abrasion resistance, wear resistance, and slip resistance Industry has shown considerable growth for flooring application, which further drives the Epichlorohydrin in the forecast period till 2030.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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