Epichlorohydrin Market Size, Share & Industry Analysis, By Type (Oil-based Epichlorohydrin, Organic-based Epichlorohydrin), By Application (Epoxy Resins, Synthetic Glycerin, Epichlorohydrin Elastomers, Speciality Water Treatment Chemicals, Other Application), By End-user Industry (Paints and Coatings, Adhesives, Construction, Textile, Others) And Regional Forecast, 2024-2032

Epichlorohydrin (ECH) is a volatile epoxide liquid with a bitter odor. Epichlorohydrin is created by reacting allyl chloride, water, and chlorine, through a series of reactors and segregation passages. Epichlorohydrin is typically used to make epoxy resins, paper resins, water treatment chemicals, epichlorohydrin elastomers, and surfactants. Epoxy resins diverse applications in industrial sectors such as paints, adhesives, electronics, automotive, and construction is boosting the growth of the global epichlorohydrin market. Epichlorohydrin is typically made in a multi-step process with propylene as the raw material.

Epichlorohydrin is a pivotal raw material in the manufacture of epoxy resin. Thus, increasing demand for epoxy resin acts as the primary drivers for growth of the global epichlorohydrin market. Also, rising use of epichlorohydrin-based latex in the automotive industry is fostering the expansion of the market for epichlorohydrin. However, owing to the health hazards caused by prolonged exposure to epichlorohydrin, government agencies such as EPA imposed strict regulations on its usage. Such strict regulations limits the growth of small & medium scaled manufacturers. To meet the regulations, high capital investment is required. It further reduces the profit margins and acts as restraint to the market growth.

Market Segmentation:

Based on type, the market for epichlorohydrin is further segmented into oil-based epichlorohydrin and organic-based epichlorohydrin. Based on application, the market is further segmented into epoxy resins, synthetic glycerin, epichlorohydrin elastomers, speciality water treatment chemicals, and others. Based on the end-use industry, the market for epichlorohydrin is further segmented into paints and coatings, adhesives, construction, textile, and others. From a geographical standpoint, the market is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

• Solvay S.A.


• TechnipFMC


• Zachem SA


• Samsung Fine Chemicals Co., Ltd.


• Meghmani Finechem


• Sumitomo Chemical Co.


• Aditya Birla Chemicals


• Osaka Soda Co., Ltd.


• Formosa Plastics Corporation


• Shandong Haili Chemical Industry Co. Ltd


• NAMA Chemicals


• Others

Key Insights

• New Advancements in Production Technologies


• Key Trends in the epichlorohydrin market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Industry

Regional Epichlorohydrin Market Analysis:

Asia Pacific is the leading contributor to the growth of global epichlorohydrin industry. This is due to the increased demand for epichlorohydrin for multiple applications such as epoxy resins and synthetic glycerin in China, India followed by Japan. Shifting to bio based feed stock is expected to play a significant role in defining epichlorohydrin demand in the Asia Pacific. The protective coating market in North America is vast, with the United States accounting for largest demand for epoxy resins. Due to increasing demand from end-use sectors such as building construction and electronics production, Europe is expected to show significant growth in the market. In Middle East & Africa, the increased activity in petroleum refining, combined with rising demand for epoxy resins, is anticipated to drive the market in these regions. The emerging Latin American economies such as Brazil is expected to exhibit significant growth in the epichlorohydrin market in the upcoming years.

Segmentation

Epichlorohydrin Industry Developments

• September 9, 2019- Meghmani Finechem, India's premier essential chemical company, has planned to construct a 50,000-tonne-per-year Epichlorohydrin plant based on TechnipFMC's EPICEROL innovation. The company aimed to increase production to meet growing domestic demand for ECH.


• April 1, 2021 - TechnipFMC announced the acquisition of Epicerol technology from Solvay SA. The company focuses at delivering effective glycerol to high grade epichlorohydrin (ECH), which is the used in coating materials, composite materials, and adhesive applications across multiple industries. Solvay developed the technology, which has been fully deployed and managed in plants in Europe and Asia with a demonstrated capacity of 100 Mtpy. This acquisition will help the company exapand its customer base across the Europeon and Asia markets.