Market Research Future Published a Research Study on Epichlorohydrin Market Research Report, Size, Share and Industry Analysis - Forecast to 2023
Epichlorohydrin Market- Analysis
The
Global Epichlorohydrin Market is predicted to grow at a 5% CAGR over
the forecast period (2016-2023), states the latest Market Research
Future (MRFR) report. Epichlorohydrin is a colorless, bitter smelling
toxic epoxide volatile liquid. It is manufactured using water, chlorine,
and allyl chloride by passing this through different separation columns
and reactors. It has an odor similar to chloroform, is highly reactive
and used to produce elastomers, epoxy resins and glues, plastics, and
glycerol.
Epichlorohydrin when comes in contact with water
hydrolyzes to 3-MCPD, which is a carcinogen present in food. The value
chain varies from petro or bio-based products all the way up to end-use
applications, including pharmaceuticals, water treatment chemicals,
synthetic glycerin, and epoxy resins. It is used in different
manufacturing applications owing to their high resistance to chemicals
and moisture and the structural rigidity it offers with regards to
supporting weight as well as balancing the entire structure devoid of
making any compromise on the low weight needs of contemporary design
principles.
Various factors are propelling the epichlorohydrin
market growth. Some of these factors, according to the Market Research
Future report, include growing demand for epoxy resins from different
end-use industries including renewable energy equipment, automotive, and
building and construction, and an increasing number of epoxy resin
producers.
On the contrary, new technologically advanced
techniques such as Epicerol method is substituting the traditional
production process of epichlorohydrin that helps in eliminating the
environmental restraints deterring the epichlorohydrin market growth
over the forecast period. Moreover, regulatory restrictions on the usage
of epichlorohydrin in proximity to human presence may also hamper the
market growth. It is slight irritant when gets into contact with the
skin and is also moderately toxic. Besides, it is carcinogenic. All
these factors are likely to hamper the epichlorohydrin market growth
over the forecast period.
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Key Players
Leading players profiled in the epichlorohydrin market report include Zachem
S.A., Dow Chemical Company, Aditya Birla Chemicals, Formosa Plastics
Corporation, NAMA Chemicals, Shandong Haili Chemical Industry Co. Ltd.,
Osaka Soda Co. Ltd., Sumitomo Chemical Co., Samsung Fine Chemicals Co.
Ltd., and Solvay SA. Key players are adopting several
strategies to create a niche in the market such as partnerships, product
launches and innovations, research and development, expansions, and
more.
August 2019: An epoxy resin containing
phosphorus has been derived lately from sebacic acid, a renewable
resource that has been specially formulated for applications that are
flame-retardant.
Market Segmentation
The MRFR report offers a wide segmental analysis of the epichlorohydrin market on the basis of end use and application.
Based
on application, the epichlorohydrin market is segmented into water
treatment chemicals, synthetic glycerin, epoxy resins, and others. The
others include adhesives, lubricants, oil emulsifiers, dyestuffs,
plasticizers, ion exchange resins, water treatment resins, and
elastomers. Of these, the epoxy resin segment will have the largest
share in the market over the forecast period.
Based on end use,
the epichlorohydrin market is segmented into construction,
pharmaceutical, textiles, electronics, automotive, and others.
Browse Key Industry insights spread across 140 pages with 35 market data tables & 11 figures & charts from the Report, “Epichlorohydrin
Market Information-by Application (Epoxy Resins, Synthetic Glycerin,
Water Treatment Chemicals, and Others), by End User (Automotive,
Electronics, Textiles, Pharmaceutical, Construction Industry, and
Others) and by Region - Forecast till 2023 ” in detail along with the table of contents@ https://www.marketresearchfuture.com/reports/epichlorohydrin-market-2864
Regional Analysis
By
region, the Epichlorohydrin Market report covers the latest trends and
growth opportunities across Europe, the Asia Pacific, North America,
Latin America, and the Middle East and Africa. Of these, the APAC region
will command the market over the forecast period. This is owing to the
growing need for epoxy resin, growing manufacturing sector, and
increasing demand from the automotive and consumer electronics industry.
China and Japan are the leading contributors in this region. Growing
demand for synthetic glycerol is also adding to the market growth.
The
epichlorohydrin market in North America is predicted to have the
second-largest share in the market over the forecast period. This is
owing to the growing demand for chemical products, capital infusion,
capacity expansion, and rising oil exploration as well as refining
activities. The US is the key contributor in this region. On the
contrary, the introduction of stringent laws against the use of
epichlorohydrin in Canada is likely to lower its demand.
The epichlorohydrin market in Europe is predicted to have a notable growth over the forecast period.
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