Fuel Epichlorohydrin Market Projected to be Revenue around US$3.52 bn by the year 2023

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Epichlorohydrin (ECH) refers to a chemical that contains chlorine and epoxy element. It comes with characteristics such as chiral nature, miscibility in polar solvents, and moderate solubility in water. It is because of such properties of epichlorohydrin it is utilized in the manufacturing of elastomers, glycerols, epoxy resins and glues, and plastics. Epichlorohydrin is made utilizing propylene and glycerin as raw materials. Utilizing propylene as feedstock, allyl alcohol and allyl chloride routes are used to make ECH. It can be made via the allyl chloride route in two simple steps: reaction with base to give epoxide and addition of hypochlorous acid. In another procedure, epichlorohydrin is made to react with bisphenol A diglycidyl ether to get polymers and resins, which are utilized in end-user industries such as personal care and pharmaceutical. Epichlorohydrin is used in various end-user industries such as agrochemicals, textiles, electrical & electronics, paints & coatings and so on.

Leading players operating in the global epichlorohydrin market comprise names such as Shandong Haili Chemical Industry Co. Ltd (Haili), Sumitomo Chemical Co., Ltd., Jiangsu Yangnong Chemical Group Co., Samsung Fine Chemicals Co. Ltd, and Aditya Birla Chemicals (Thailand) Ltd.

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Transparency Market Research has come up with a new research report titled ‘Epichlorohydrin Market’. According to this report, global epichlorohydrin market will expand at 3.6% CAGR during the forecast period that extends from 2015 to 2023. Global epichlorohydrin market is projected to be worth around US$3.52 bn by the year 2023.

Detergent and Surfactants Industries to Fuel Market Growth

Epichlorohydrin is used in the making of elastomers, plastics, glycerols, and epoxy resins and glues. It is made by making use of propylene or glycerin as main raw materials. Epichlorohydrin is further made to undergo processing with nitrate so as to produce propellants, fumigants, solvents, and binders for bombs. Polymers and epichlorohydrin find their usage in food & beverages and paper reinforcement industries.  Epichlorohydrin is used in the process of water purification as well as at the time of production of teabags, coffee filters, etc. In addition to that, it is also utilized as a cross linking agent in the production of different chromatographic resins. Epichlorohydrin also finds its usage as alkyd resins in the industry of paints & coatings. It is utilized in the making of synthetic glycerin. Synthetic glycerin is used in explosives, military products, meat casings and cellophane, and cosmetics.

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Epichlorohydrin based resins are mostly finds its application in purification and filtration processes in the sector of water treatment. Various other end-user industries that make use of epichlorohydrin comprise industries such as detergents and surfactants. These end-user industries are estimated to rise at a substantial growth rate over the period of period of forecast.

The global epichlorohydrin market is geographically segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. The region of Asia Pacific was the largest consumer and producer of epichlorohydrin in the year 2014, because of the rising requirement for epichlorohydrin-based products in countries like China. At present, China holds more than one-third of the total share of global epichlorohydrin market. Europe occupied the position of second-largest consumer in the global epichlorohydrin market in 2014. This can be attributed to the rising requirement for this material in paints & coating industry in Germany. The epichlorohydrin market in North America is projected to rise at a decent growth rate over the period of forecast.

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This review is based on a TMR report bearing title “Epichlorohydrin (ECH) Market (Raw Materials  – Propylene and Glycerin;  End-User – Paints & Coatings, Electronics & Electrical, Adhesives, Paper, Inks & Dyes, Textiles, Water Treatment, and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

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