Reports and Data estimates the global Epichlorohydrin Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Epichlorohydrin Market during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include: 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.
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Epichlorohydrin Market Overview :-
Epoxy resins are used in paint & coatings of heavy-duty metal substrates. Epoxy-based paints & coatings are eco-friendly and consume less energy than heat-cured coatings. Changing lifestyle, rising spending power, robust industrialization, and increasing population will drive the growth of the construction industry, which will propel the demand for paints & coatings. These resins are used to produce high-performance adhesives with excellent chemical and heat resistance that are used in aircraft, bicycle, and automobile manufacturing. Apart from this, epoxy resins are also employed in generators, motors, transformers, etc. Rapid development in these end-use industries will drive the demand for epoxy resins, which in turn will propel the growth of epichlorohydrin market size by 2027.
North America was the second-largest regional market in 2019, with a volume-based market share of over 19%. Rising optimism in industries with high demand for chemical products is boosting demand for specialty chemicals. The U.S., the major consumer of epichlorohydrin in this region, has adopted a cautious approach for economic growth. The introduction of stricter laws against epichlorohydrin in Canada will lower the demand for epichlorohydrin. Capacity expansions and capital infusion are the major factors that are expected to play a major role in driving the demand for epichlorohydrin.
Asia Pacific was the largest regional market in 2019, with a global share of over 50% in terms of volume. The region’s global dominance was mainly due to the presence of emerging countries such as China, Taiwan, and Malaysia, which are among the major consumers of epichlorohydrin. India and Taiwan markets are expected to grow rapidly over the coming years owing to rising demand from end-use industries such as building and construction and electronic manufacturing.
Key participants include 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.
Segments covered in the report:
This report forecasts revenue growth at a global, regional, and country level, and provides an analysis of the industry trends in each sub-segment from 2017 to 2027. For the purpose of this report, Reports and Data has segmented into the global Epichlorohydrin Market on the basis of raw material
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Raw Material 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
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Epichlorohydrin Market during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
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