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Global Epichlorohydrin Market to be driven by Growing Demand from Asia Pacific

Article Description

Epichlorohydrin or ECH, is a chemical compound containing epoxy and chlorine element. Due to the unique characteristics of the compound such as chiral nature, moderate solubility in water, and miscibility in polar solvents, ECH is widely used in the manufacturing of plastics, epoxy resins and glues, elastomers, and glycerols. Glycerine and propylene are the primary raw materials used to manufacture ECH. Propylene is used as a feedstock while manufacturing ECH. Epichlorohydrin finds extensive applications across various end-use industries such as textiles, paints and coatings, agrochemicals, electrical and electronics, and others. 

The growing consumption of epoxy resins across end-use industries is expected to propel the growth of the global ECH market. However, adverse effects of ECH on environment will compel authorities to implement stringent regulations. This might hamper the growth of the market in the near future. The overall market has a huge opportunity to grow with the rising demand for glycerine-based ECH.

Browse Full Global Epichlorohydrin (ECH) Markett Report with TOC :http://www.mrrse.com/epichlorohydrin-market

Growing Demand from Water Treatment Industry to Drive Growth of Global Epichlorohydrin Market

In terms of end-use applications, the global ECH market has been segmented into adhesives, paints and coatings, electronics and electrical, textiles, paper, inks, and dyes, water treatment, and others including surfactants and agrochemicals. In 2014, paints and coatings was the largest end-use segment in the market due to the growing demand for ECH-based anti-corrosion coatings from the automobile sector. The electronics and electrical segment held over 20% of the overall market owing to the surging demand from Japan and Taiwan. ECH-based resins are used in manufacturing adhesives that are further utilized in industries such as construction, automobile, and footwear. The demand for ECH-based resins is expected to be the highest from the water treatment industry and hence, the water treatment application segment is likely to be the fastest growing end-use industry in the near future.

Asia Pacific is expected to Continue Dominating Global Epichlorohydrin Market

The global epichlorohydrin market has been segmented into five key regions: the Middle East and Africa, Asia Pacific, Latin America, North America, and Europe. In 2014, Asia Pacific was the largest producer and consumer of epichlorohydrin due to high demand for ECH-based product in China. Over one-third of the global ECH market has been dominated by China. In terms of volume, Asia Pacific is the fastest growing region in the market due to the surging demand for ECH from Taiwan and South Korea. Europe emerged as the second-largest region in the market in 2014. The growth of the market in Europe can be attributed to the rising demand for ECH across the paints and coatings industry in Germany. During the period between 2015 and 2023, the ECH market in North America is projected to expand at a modest rate. However, stringent environmental regulations in the region might play spoilsport in the growth of the market.

Key Players in Global Epichlorohydrin Market

Some of the key players in the global epichlorohydrin market are Solvay, Sumitomo Chemical Co. Ltd., Osaka Soda , Aditya Birla Chemicals (Thailand), Shandong Haili Chemical Industry Co. Ltd (Haili), Spolchemie A.S., Jiangsu Yangnong Chemical Group Co., The Dow Chemical Company, Samsung Fine Chemicals Co. Ltd, and Hexion Inc. The market is dominated by top five players. The key market players focus on strategic partnerships and portfolio enhancement to expand their business.