Epichlorohydrin Market is Expected to Reach US$ 3.52 Billion by 2023 - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023: TMR

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Mar 23, 2016, 08:30 ET

ALBANY, New York, March 23, 2016 /PRNewswire/ --

Transparency Market Research has released a new market report titled "Epichlorohydrin (ECH) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023" According to the report, the global epichlorohydrin market was valued at US$ 2.56 Billion in 2014 and is anticipated to reach US$ 3.52 Billion by 2023, expanding at a CAGR of 3.6% between 2015 and 2023.

Epichlorohydrin (ECH) is an organochlorine compound due to presence of both epoxy and chlorine elements. Owing to features such as chiral nature and presence of strong epoxy bond, it is moderately soluble in water and miscible in polar solvents. ECH is employed in the manufacture of epoxy resins and glues, plastics, glycerols, and elastomers. ECH is manufactured using glycerin or propylene as raw materials. ECH is further processed with nitrate to manufacture solvents, fumigants, propellants and binders for explosives. ECH and polymers are used in paper reinforcement and food & beverages industries. ECH is employed in water purification process as well as in the manufacture of coffee filters, teabags, etc. Additionally, it is also used as a crosslinking agent in the manufacture of various other chromatographic resins. ECH is applied in the form of alkyd resins in the paints & coatings industry. It is used in the manufacture of synthetic glycerin, which is further applied in cellophane and meat casings, cosmetics, explosives, and other military products. ECH based resins are primarily used for filtration and purification processes in the water treatment industry. Other end-user industries that employ ECH include surfactants and detergents. These end-user industries are estimated to expand at a significant CAGR during the forecast period.

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In terms of revenue, paints & coatings accounted for majority share of the global ECH market in 2014. This trend is projected to continue during the forecast period owing to high demand of paints & coatings from construction and automobile industry. In 2014, water treatment was the fastest expanding end-user segment of the ECH market in terms of revenue. High growth rate of water treatment segment was ascribed to the increasing demand of ECH from the Middle East & Africa and Europe. In 2014, electronics & electrical held nearly one third share of the global ECH market in terms of revenue owing to the significant contribution from Japan. In terms of volume, propylene fulfilled majority of the raw material demand for ECH market in 2014. However, bio-based glycerin which is a by-product of bio-diesel is projected to be the fastest growing raw material segment owing to its lower cost. In 2014, Europe was leading producer of the bio-based glycerin due to the bulk volume produced in Germany.

Research and development activities are being conducted to reduce the hazardous effects of ECH on human health and environment. Furthermore, increase in the demand from end-user industries such as paints & coatings is projected to propel the ECH market. Key players operating in the ECH market include Sumitomo Chemical Co., Ltd., Solvay, Aditya Birla Chemicals (Thailand) Ltd., Osaka Soda Co., Ltd., Spolchemie A.S., Shandong Haili Chemical Industry Co. Ltd (Haili), Samsung Fine Chemicals Co. Ltd, The Dow Chemical Company, Jiangsu Yangnong Chemical Group Co., and Hexion Inc. The ECH market is consolidated; the top players are concentrating on strategic mergers and portfolio enhancement to maintain their market share.

Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/epichlorohydrin-market.html

The report segments the global ECH market as follows:

ECH Market - Raw Material Analysis

Propylene
Glycerin

ECH Market - End-user Analysis

Paints & Coatings
Electronics & Electrical
Adhesives
Paper, Inks & Dyes
Textiles
Water Treatment
Others (Including agrochemicals, surfactants, etc.)

ECH Market - Regional Analysis

North America

U.S.
Rest of North America

Europe

France
U.K.
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Taiwan
South Korea
Japan
ASEAN
Rest of Asia Pacific

Latin America

Brazil
Rest of Latin America

Middle East & Africa (MEA)

GCC
South Africa
Rest of MEA

Browse Regional Market Analysis: http://www.europlat.org/global-epichlorohydrin-market-is-expected-to-reach-us-3-52-bn-by-2023-transparency-market-research.htm

Browse Other Research Reports:

Acrylic Surface Coating Market: http://www.transparencymarketresearch.com/acrylic-surface-coating-market.html

Cellulose Nanoparticles Market: http://www.transparencymarketresearch.com/cellulose-nanoparticles-market.html

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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SOURCE Transparency Market Research