Epichlorohydrin (ECH) Market - Global Industry
Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2023
ECH is a chemical containing epoxy and chlorine element. It has characteristics such
as moderate solubility in water, chiral nature, and miscibility in polar solvents owing
to which it is used to manufacture epoxy resins and glues, plastics, glycerols, and
elastomers. It is manufactured using glycerin and propylene as raw materials. Using
propylene as feedstock, allyl chloride and allyl alcohol routes are employed to
produce ECH. It can be manufactured through the allyl chloride route in two steps:
addition of hypochlorous acid and reaction with base to give epoxide. In the other
method, ECH is reacted with bisphenol A diglycidyl ether to obtain resins and
polymers that are employed in end-user industries such as pharmaceutical and
personal care. ECH is employed in end-user industries such as paints & coatings,
textiles, electrical & electronics, agrochemicals etc.
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Asia Pacific was the largest producer and consumer of ECH in 2014, owing to high
demand for ECH-based products in China. Currently, China accounts for more than
one-third of the global ECH market. In terms of volume, Asia Pacific is also the
fastest growing region for ECH market owing to the rising demand for ECH in South
Korea and Taiwan. Europe was the second-largest consumer of ECH in 2014. This
can be ascribed to the increasing demand for this material in paints & coating
applications in Germany. The ECH market in North America is anticipated to expand
at a modest rate during the forecast period. However, regulatory concerns
regarding the harmful effects of ECH on health and environment and decreasing
profit margins of manufacturers are estimated to hamper the ECH market in the
near future in the North America.
Paints & coatings was the largest end-user application of ECH market in 21014,
owing to significant demand of ECH-based anti-corrosion coatings from the
automobile market. Electronics & electrical accounted for more than 20% share of
the total end-user segment owing to the increasing demand from the Japan and
Taiwan in 2014. ECH based resins are used to manufacture adhesives which are
further used in industries such as footwear, construction, automobile etc. Paper,
Inks and Dyes displayed sluggish growth in 2014 owing to decrease in the demand
of papers and inks from end-user industry. Textiles end-user segment is anticipated
to grow at decent rate owing to increasing demand from Asia Pacific region during
the forecast period. Furthermore, the application of ECH based resins is projected to