USD 2.81 Billion
Report ID:
SQMIG15E2591 |
Region:
Global |
Published Date: January, 2025
Pages:
189
|Tables:
94
|Figures:
71
Global Epichlorohydrin Market size was valued at USD 2.81 Billion in 2023 and is poised to grow from USD 2.95 Billion in 2024 to USD 4.39 Billion by 2032, growing at a CAGR of 5.1% in the forecast period (2025-2032).
Epichlorohydrin market growth is driven by the rising need for epichlorohydrin-based resins in the water therapy process. Similarly, the latest eco-friendly techniques by manufacturers for producing epichlorohydrin will create new prospects for developing the global epichlorohydrin industry during the projection year. The epichlorohydrin market is currently experiencing significant growth and transformation, driven by increasing demand from key sectors and advancements in production capabilities.
Furthermore, the industry is witnessing a shift towards sustainable practices, particularly in the adoption of bio-based materials over traditional petroleum-derived feedstocks. This change is largely driven by stringent environmental and regulatory standards that encourage more eco-friendly production processes. Such initiatives not only align with global sustainability goals but also help in reducing the environmental impact of the production processes. Government policies and funding initiatives play a crucial role in supporting these advancements. These developments reflect a broader industry trend towards enhancing production capacity to meet growing market needs while also adopting more environmentally sustainable practices. The combined efforts of industrial expansion, regulatory support, and investment in sustainability are pivotal in shaping the future of the epichlorohydrin market, ensuring it remains robust and aligned with global environmental and economic objectives.
Market snapshot - (2025-2032)
Global Market Size
USD 2.81 Billion
Largest Segment
Epoxy Resins
Fastest Growth
Water Treatment Chemicals
Growth Rate
5.1% CAGR
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The global epichlorohydrin market is segmented into type, application, end user, and region. Based on type, the market is segmented into oil-based epichlorohydrin and organic-based epichlorohydrin. Based on application, the market is segmented into epoxy resins, synthetic glycerine, water treatment chemicals, and pharmaceuticals. Based on end user, the market is segmented into automotive, adhesives, paints, surfactants, construction, wind turbine, electronics, and composites. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Based on application, the epoxy resin segment is dominating with the largest epichlorohydrin market share. Epoxy-based paints and varnishes use less energy and are more environmentally friendly than heat-cured coatings. The building industry will expand due to factors such as changing lifestyles, strong industrialization, rising purchasing power, and population growth, which will increase demand for paints and coatings. Moreover, these resins are employed in the creation of high-performance adhesives that exhibit exceptional resistance to heat and chemicals, and are utilized in the production of automobiles, bicycles, construction and airplanes. In addition, transformers, engines, generators, and other devices employ epoxy resins. The need for epoxy resins will increase due to the end-use industries' rapid development, which will drive epichlorohydrin market growth over the forecast period.
The water treatment segment is expected to witness significant growth during the forecast period. Epichlorohydrin is utilized in the manufacture of water treatment chemicals such coagulants and flocculants, which are necessary for water purification in municipal and industrial environments. As worldwide water scarcity challenges and environmental laws drive demand for effective water treatment technologies, this market is growing. While synthetic glycerin has an important application, it does not increase as quickly as epoxy resins and water treatment chemicals, making it less dominating in the market. Epichlorohydrin is used to produce chemicals that help in the treatment and purification of water, demonstrating its utility in environmental management and sustainability.
Based on end user, the paint segment is dominating the epichlorohydrin market. Epoxy-based paints and varnishes are renowned for their strength, resistance to chemicals, and level of protection. They are frequently applied as protective coatings for concrete structures and as a means of preventing corrosion in metal flooring applications. Furthermore, the lifespan and integrity of surfaces exposed to adverse environmental conditions are enhanced by the use of epoxy resins in coatings. Epoxy resins find application in specialty coatings for things like anti-graffiti coatings, tank linings, and pipelines. Epoxy-based formulations provide excellent adhesion, durability, and chemical resistance, which makes them ideal for these specific coating applications.
As per the epichlorohydrin market analysis, the automotive segment is expected to be the fastest-growing segment. The automotive segment is growing rapidly owing to widespread utilization of epoxy resins. This significant market share is attributed to the extensive use of epichlorohydrin-derived products like epoxy resins and special rubbers in the automotive industry. These materials are crucial for manufacturing components that require high durability and chemical resistance, such as coatings, adhesives, and seals used in vehicles. Epoxy resins synthesized using epichlorohydrin exhibit excellent adhesion, corrosion resistance, and mechanical strength. These properties make them irreplaceable in numerous automotive applications such as coatings, adhesives, composites, and electrical insulation.
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North America is dominating with the largest epichlorohydrin market share. The growing demand for epoxy resins in North America's aerospace industry is expected to push the epichlorohydrin market significantly. Epichlorohydrin is an important raw element in the synthesis of epoxy resins, which are widely utilized in aircraft due to their lightweight, durable, and high-performance characteristics. As aerospace manufacturers work to lower aircraft weight and increase fuel efficiency, the use of epoxy resins has increased, notably in composite materials. In 2023, Boeing announced intentions to boost manufacturing of the 737 MAX and 787 Dreamliner models, both of which rely significantly on epoxy resin composites.
Asia-Pacific is anticipated to witness the fastest growth during the epichlorohydrin market forecast period. The growing infrastructure developments in Asia-Pacific are predicted to significantly boost the epichlorohydrin market. ECH is an important component in the synthesis of epoxy resins, which are commonly used in construction materials due to their strength, longevity, and resistance to environmental degradation. With countries such as China and India increasing their infrastructure projects like developing bridges, highways, and urban development demand for epoxy resins rises, the demand for ECH is increasing, leading to the growth of the market. In addition, government statistics and publications highlight the importance of infrastructure development in Asia-Pacific economic growth.
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Increasing Use of Resins in Textiles
Growing Usage of Bio-Based Feedstock
Increasing Concern for Harmful Effect
Increasing Availability of Alternate Products
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The competitive landscape of the epichlorohydrin industry is characterized by a mix of various players including manufacturers, suppliers, and distributors, each competing on factors such as production capacity, technological innovation, and pricing. Companies focus on optimizing their production processes to improve efficiency and reduce costs while also investing in research and development to advance ECH applications. Market dynamics are influenced by fluctuations in raw material prices, regulatory changes, and shifts in demand across different end-use industries like pharmaceuticals, automotive, and textiles. Additionally, strategic partnerships and collaborations play a key role in expanding market reach and enhancing product offerings, reflecting the competitive and evolving nature of the epichlorohydrin market.
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As per SkyQuest analysis, epichlorohydrin is extensively employed in numerous fields as a result of these advantages. It is only mildly soluble in water because of its chiral structure and the existence of a potent epoxy bond. Epoxy resin, glue, and plastic are produced using epichlorohydrin. Epichlorohydrin is produced using glycerin as a starting ingredient. Nitrate and epichlorohydrin can also be combined to create fumigants, solvents, and other explosives. Epichlorohydrin is additionally employed in the production of foods and drinks. Epichlorohydrin is utilized in paints and coatings in the form of alkyd resins. The process of producing glycerin and cellphones is in manufacturing. Additionally, ECH uses it to produce explosives, cosmetics, and other military goods. Water treatment and water cleansing processes both make use of epichlorohydrin. Epichlorohydrin is a product that is used in the production of surfactants and detergents.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.81 Billion |
Market size value in 2032 | USD 4.39 Billion |
Growth Rate | 5.1% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Epichlorohydrin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Epichlorohydrin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Epichlorohydrin Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Epichlorohydrin Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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