The expansion in the construction sector, the rising demand for epoxy resins, the elevating demand for bio-based products have resulted in boosting the Epichlorohydrin market. 

The global Epichlorohydrin Market is forecast to reach USD 3,870.9 Million by 2028, according to a new report by Reports and Data. Epichlorohydrin (ECH) is a flammable and a volatile clear liquid at room temperature, which is insoluble in water. It has a garlicky, pungent, sweet odor. It is usually made from allyl chloride that is derived from chlorine/caustic soda and propylene. It is primarily used in manufacturing glycerol and unmodified epoxy resins. To a lesser extent, it is used in producing water treatment resins, elastomers, ion exchange resins, surfactants, plasticizers, adhesives, and lubricants, among others. It also finds application in manufacturing synthetic glycerine, textiles, solvents, inks and dyes, paper, and surfactants. The compound is also listed in commercial pesticides as an inert ingredient. In the textile industry, the compound is used in modifying carboxyl groups of wool. The end-product has an enhanced and longer resistance to moths.

In context to region, North America can be seen to occupy a significant market share. The market share held by the region is attributed to rising demand for specialty chemicals and continuous expansion of the automotive aerospace industry that is boosting the demand for ECH in this region.

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Top Lading Players: DAISO Co. Ltd., Aditya Birla Chemicals, Hanwha Chemical, Formosa Plastics, Kashima Chemical, Jiangsu Yangnong Chemical Group, Spolchemie AS, Momentive Specialty Chemical Industries (Hexion), Sumitomo Chemicals and Spolchemie AS.

Epichlorohydrin Market Trends:

The global epichlorohydrin market has been experiencing steady growth in recent years and is expected to continue to grow in the coming years. Epichlorohydrin is an important industrial chemical used in the production of various products such as epoxy resins, synthetic glycerin, water treatment chemicals, and pharmaceuticals. The key trends in the epichlorohydrin market are:

1. Growing demand for epoxy resins: The largest application of epichlorohydrin is in the production of epoxy resins, which are used in a wide range of applications such as adhesives, coatings, and composites. The increasing demand for epoxy resins in various industries such as construction, electronics, and automotive is driving the growth of the epichlorohydrin market.
2. Increasing demand from the water treatment industry: Epichlorohydrin is also used in the production of water treatment chemicals such as quaternary ammonium salts, which are used to disinfect water and prevent microbial growth. The increasing demand for clean water and the growing awareness about water treatment are driving the growth of the epichlorohydrin market.
3. Rising demand from the pharmaceutical industry: Epichlorohydrin is used in the production of pharmaceuticals such as antibiotics and antiseptics. The increasing demand for pharmaceuticals due to the growing population and the rising prevalence of diseases is driving the growth of the epichlorohydrin market.
4. Growing demand from emerging economies: The increasing industrialization and urbanization in emerging economies such as India, China, and Brazil are driving the demand for epichlorohydrin. These countries are also home to several major manufacturers of epichlorohydrin, which is driving the growth of the market.
5. Technological advancements: The development of new production technologies and the increasing use of renewable raw materials are expected to create new growth opportunities for the epichlorohydrin market. The use of renewable raw materials such as glycerol and bio-based succinic acid in the production of epichlorohydrin is expected to reduce the dependence on fossil fuels and drive sustainable growth in the market.

Overall, the epichlorohydrin market is expected to experience steady growth in the coming years due to the increasing demand for epoxy resins, water treatment chemicals, and pharmaceuticals, the rising demand from emerging economies, and the technological advancements in production methods.

Some Key Highlights from the Report:

• The Epichlorohydrin market held a market share of USD 36 Billion in the year 2018 that is forecasted to grow at a rate of 5.1% during the forecast period.
• In context to Raw Materials, the Bio-based segment is projected to witness the fastest growth rate of 6.6% during the forecast period, which is expected to occupy 35.0% of the market by 2028. The rising demand for bio-based products among consumers and continuous growth in the number of plants for producing ECH from renewable sources, particularly from glycerin, contributes to the growth rate witnessed by this segment. The glycerin used in the production of ECH is derived as a by-product from the manufacture of biodiesel.
• In context to End-use, the Paints and Coatings segment is leading the market that generated the highest revenue of USD 0.97 Billion in 2018 with a growth rate of 5.3% during the forecast period. The revenue generated by the segment is attributed to increasing demand for epoxy coatings that results in elevating the use of ECH in paints coatings. The applicability of this compound as a solvent for paints and coatings also results in its extensive use in this segment.
• In context to Application, the Water treatment chemicals segment is projected to witness a considerable growth rate of 6.1% during the forecast period, which is expected to occupy more than 10% of the market by 2028. The rising awareness about consumption of hygienic processed water and applicability of the compound in polyamide water treatment chemicals contributes to the growth rate witnessed by this segment.
• In regards to the region, Europe held 0% of the market in 2018, with a growth rate of 5.3% during the forecast period. Factors like the presence of well-established, mature automotive, electrical electronics sector is supporting the growth of the market in this region.

Segments covered in the report:

Raw Materials Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

• Bio-based
• Petro-based

End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

• Paints and Coatings
• Wind turbine
• Composites
• Construction
• Adhesives
• Electrical and electronics
• Others

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)

• Epoxy resins
• Water treatment chemicals
• Synthetic Glycerin
• Pharmaceuticals
• Others

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Regional Outlook:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

• What are the dominating factors that are influencing the growth of the industry?
• In the forecast period, which market segment is expected to rise the most?
• What are the risks and challenges that the industry is facing?
• In the coming years, which area is projected to dominate the market?
• Who are the major players in the market?
• What kind of strategic business plans have they made?

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