EPICHLOROHYDRIN MARKET BY END-USER AND GEOGRAPHY - FORECAST AND ANALYSIS 2021-2025

 

The epichlorohydrin market has the potential to grow by USD 619.47 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.77%.

This epichlorohydrin market research report by S Epichlorohydrin (67843-74-7) manufacturer USA  provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (paints and coatings, electronics and electrical, adhesives, dyes and pigments, and others), application (paints and coatings, electronics and electrical, adhesives, dyes and pigments, and others), and Geography (APAC, Europe, North America, South America, and MEA). The epichlorohydrin market report also offers information on several market vendors, including Aditya Birla Management Corp. Pvt. Ltd., Daiso Chemical (Thailand) Co. Ltd, Hanwha Group, Hexion Inc., Jiangsu Yangnong Chemical Group Co. Ltd., Kashima Chemical Co. Ltd., Olin Corp., OSAKA SODA CO. Ltd., Spolchemie AS, and Sumitomo Corp. among others.

Epichlorohydrin Market: Key Drivers and Trends

·         Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for epichlorohydrin in paints and coatings segment is notably driving the epichlorohydrin market growth, although factors such as epichlorohydrin manufacturers worldwide face stiff competition from Chinese manufacturers may impede market growth. 

• The automotive industries extensively use epichlorohydrin-based anticorrosion coatings resulting in the high demand for epichlorohydrin in paints and coatings segment. The segment increasingly invests in the formation of epoxy resins using epichlorohydrin and bisphenol A.
• Vendors are introducing eco-friendly technologies such as the epicerol technology to produce epichlorohydrin. The technique involves the formation of epichlorohydrin using biomaterials or natural products.
• The increasing demand for epichlorohydrin in paints and coatings segment is one of the major factors driving epichlorohydrin market growth. 
• The rising awareness among consumers about the harmful effects of propylene on the environment and the benefits of using bio-based products is driving the popularity of bio-based methods.
• The adoption of bio-based methods to produce epichlorohydrin over synthetic methods is one of the key trends that will gain traction in the global epichlorohydrin market throughout the estimated period.
• The production of epichlorohydrin from glycerin is increasing with the rising investment in R&D activities.

Who are the Major Epichlorohydrin Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Aditya Birla Management Corp. Pvt. Ltd.
• Daiso Chemical (Thailand) Co. Ltd
• Hanwha Group
• Hexion Inc.
• Jiangsu Yangnong Chemical Group Co. Ltd.
• Kashima Chemical Co. Ltd.
• Olin Corp.
• OSAKA SODA CO. Ltd.
• Spolchemie AS
• Sumitomo Corp.

           

The epichlorohydrin market is fragmented and the vendors are deploying growth strategies such as the introduction of advanced products to compete in the market. 

 To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.The profiles include information on the production, sustainability, and prospects of the leading companies. 

66% of the market’s growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for epichlorohydrin market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Factors such as the rising demand for epichlorohydrin from various end-use industries such as automotive, electronics, textiles, pharmaceuticals, and construction will facilitate the epichlorohydrin market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors.

The paints and coatings segment is witnessing an increasing demand for epichlorohydrin epoxy resins, which is derived from epichlorohydrin. Epoxy resins are used for manufacturing paints and coatings to provide high protection. They also exhibit high resistance towards weather conditions and water. Epoxy resin-based coatings are extensively preferred for major applications in the industrial as well as automotive segments because they have more importance in comparison to enamel paints and coatings.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the epichlorohydrin market size.

What are the Key Factors Covered in this Epichlorohydrin Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive epichlorohydrin market growth during the next five years
• Precise estimation of the epichlorohydrin market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the epichlorohydrin market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of epichlorohydrin market vendors

COVID-19 Impact analysis

The COVID-19 pandemic continues to unfold everyday with severe impact on people, communities, and businesses. The growth in several industries will be impacted significantly while numerous other markets may remain unscathed and show promising growth opportunities. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

The Materials industry is expected to have Neutral impact due to the spread of COVID-19 virus. Materials market will have impact due to the spread. Even if the spread of virus is contained, we expect that it may take more than two quarters (six months) to reach a normal state of economic activity.

In the short term, the market demand will show At par growth due to the increase in infections and reduced economic activity.

MARKET IMPACT

As the business impact of COVID-19 spreads, the Epichlorohydrin Market 2021-2025 market is expected to have Neutral & At par growth.

Key Considerations for Market Forecast

• Products and services used to manage or contain the spread of COVID-19 virus
• Products and services used for the treatment of COVID-19 virus
• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, base case, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre as well as post COVID 19 market estimates
• Quarterly impact analysis as the spread reaches global level and updates on market estimates