soar in the water treatment industry during the forecast period. Hence, it is the
likely to be fastest growing end-user industry for ECH market in the near future.
Propylene accounted for the major share of the raw material in 2014. However, bio-
based glycerin is projected to be the fastest growing raw material segment during
the forecast period owing to its easy availability.
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Increasing consumption of epoxy resins in end-user industries such as paints &
coating is projected to drive the global ECH market during the forecast period.
However, concern of regulatory bodies regarding harmful effects of ECH on health
and environment is projected to hinder the growth of the global ECH market.
Lucrative growth in glycerin based ECH is likely to act as an opportunity for the ECH
market during the forecast period. Key players in the ECH market include Sumitomo
Chemical Co., Ltd., Solvay, Aditya Birla Chemicals (Thailand), Osaka Soda ,
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 concentrated; the top five players accounted
for major market share in 2014. Key manufacturers focus on strategic mergers and
portfolio enhancement to maintain their dominance in the global market.
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