[189 Pages Report] The increasing demand of Epichlorohydrin in China and growth in the end-user segments such as paint and electronic industry are key factors to drive the global market. Epoxy resin is the main application which consumes a large part of ECH. Properties of epoxy resin make it suitable for wide variety of applications such as paints, electrical & electronics, construction, wind turbine, composites, adhesives, and others. Since, epoxies have the largest share in applications; growth of the epoxy resin industry will ultimately contribute to the growth of the industry.

Most of the companies are the captive producers of Epichlorohydrin and utilize entire market produced for epoxy resin manufacturing. Top players such as Dow Chemical Company (U.S.), Formosa Plastics, and Momentive Performance Materials Inc. are captive producers.

The ECH consumption is estimated to be 1,520 kilo tons in 2012 and will grow by 4.8% annually till 2017. It has wide range of applications from epoxy resins, synthetic glycerin, water treatment resins, pharmaceuticals and others (epichlorohydrin-based rubber, textiles, papers, inks, dyes, ion exchange resins, agricultural products such as insecticides, bactericides, and fungicides).

Traditionally, epichlorohydrin (ECH) is being produced through petro-based feedstock, i.e. from propylene. However, companies have started using glycerin which is slowly replacing propylene. Glycerin is a bio-based feedstock and can be obtained easily as byproduct from biodiesel production. The increasing availability of bio-based glycerin from biodiesel production makes it possible to produce bio-based epichlorohydrin.

Highest growth can be seen in China where most of the companies either have already established or planning to set up their manufacturing plants. Growing domestic markets of Asia-Pacific region, low cost of raw material and labor are attracting companies towards China. By 2017, China will become the largest producer as well as exporter of ECH.

The Epichlorohydrin market report studies and forecasts the ECH market till 2017. The market is further segmented and forecasted for major regions such as: Americas, Europe, Asia�Pacific, and Rest of the World that include key growth regions such as China, U.S., and Taiwan. Major countries with the volumes and revenues are covered for each of the region. Market estimations have been provided in terms of consumption volume (kilo tons) and market revenue (USD). The global as well as regional markets have been segmented by applications such as epoxy resins, synthetic glycerin, water treatment resins, pharmaceuticals, and others. The Epichlorohydrin market report also analyzes various manufacturing process and feedstock for ECH production.

Various secondary sources such as chemical magazines, encyclopedia, directories, technical handbooks, company annual reports, industry association, publications, articles, trade websites, and databases have been referred to identify and collect information useful for this extensive commercial study of global ECH market. The primary sources � experts from related industries and suppliers � have been interviewed to obtain and verify critical information as well as to assess the future prospects and market estimations.

We have also profiled leading players of Epichlorohydrin industry with their recent developments and other strategic industry activities. Key participants in the global epichlorohydrin (ECH) market include U.S-based The Dow Chemical Company and Momentive Performance Materials Holdings LLC, Belgium-based Solvay Chemicals SA, China-based Shandong Haili Chemical Industry Co. Ltd, Saudi Arabia�s NAMA Chemicals, Czech Republic-based Spolchemie A.S., and Taiwan-based Formosa Plastics Group.

Scope of the Report

On basis of geography:

Asia-Pacific

Europe

Americas

ROW

On basis of application:

Epoxy resins

Synthetic glycerin

Water treatment chemicals

Pharmaceuticals

Others (elastomers, epichlorohydrin-based rubber, textiles, papers, inks, and dyes, and ion exchange resins)

On basis of end uses:

Paints & Applications

Electrical & Electronics

Construction

Wind Turbine

Composites

Adhesives

Others

The manufacturing processes (based on feedstock) identified and included are:

Propylene-based

Glycerin-based

The global Epichlorohydrin industry is witnessing high growth on account of increasing applications, technological advancements, and growing end-user segments. ECH is used in various applications such as epoxy resin, synthetic glycerin, pharmaceuticals, water treatment chemicals, and others.

High growth in Asia-Pacific region and high demand from end-user segments are important market drivers which have a high impact on market at present. Increasing demand for bio-based ECH has been identified as the major opportunity which is attracting all the Epichlorohydrin manufacturers.

Epichlorohydrin Market Share, by Geography, 2011



Source: Secondary Research, Expert Interviews, MarketsandMarkets Analysis

Asia-Pacific is identified as the largest market as well as the highest growing in the next five years among all regional markets. After Asia-Pacific, Europe and North America regions accounted for the second and third largest market share, respectively for ECH consumption.

Major players of Epichlorohydrin market are Dow Chemical Company (U.S.), Shandong Haili Chemical Industry Co. Ltd (Haili) (China), Solvay SA (Belgium), Momentive Performance Materials Inc. (U.S.), Jiangsu Yangong (China), Formosa Plastics Group (Thailand), Xinyue (China), Daisco (Japan), and Samsung Fine Chemicals (South Korea). The growing demand for ECH globally has prompted most of the companies to expansions, increase production capacities to improve their market share.

Companies in Epichlorohydrin market, whether big or small, are looking for opportunities to penetrate deeper into the existing market and at the same time expand into new and emerging markets to increase their sales volume. Increasing manufacturing capacities in existing and new locations is the preferred key strategy followed by top players in Epichlorohydrin market. The new markets where companies are expanding their presence are Asia-Pacific, particularly China, Taiwan, and Thailand.