Epichlorohydrin Market Segmentation:
Application (Epoxy Resins, Synthetic Glycerine, Water Treatment Chemicals, Pharmaceuticals)
Epoxy resins segment is projected to dominate over 45% epichlorohydrin market share by 2035. Epoxy-based paints and varnishes use less energy and are more environmentally friendly than heat-cured coatings. The building industry will expand due to factors such as changing lifestyles, strong industrialization, rising purchasing power, and population growth, which will increase demand for paints and coatings.
Moreover, these resins are employed in the creation of high-performance adhesives that exhibit exceptional resistance to heat and chemicals, and are utilized in the production of automobiles, bicycles, construction and airplanes. By 2025, it is predicted that the building sector will generate an additional demand for epoxy resins of more than 405 kilotons.
In addition, transformers, engines, generators, and other devices employ epoxy resins. The need for epoxy resins will increase due to the end-use industries' rapid development, which will drive epichlorohydrin market growth over the forecast period.
End Use (Automotive, Adhesives, Paints, Surfactants, Construction, Wind Turbine, Electronics, Composites)
In epichlorohydrin market, paints segment is expected to exhibit substantial growth till 2035. Epoxy-based paints and varnishes are renowned for their strength, resistance to chemicals, and level of protection. They are frequently applied as protective coatings for concrete structures and as a means of preventing corrosion in metal flooring applications. With 40.2% of the overall consumption of epoxy resin in 2019, the paint and coatings sector is the largest epichlorohydrin market for the material.
Furthermore, the lifespan and integrity of surfaces exposed to adverse environmental conditions are enhanced by the use of epoxy resins in coatings. Epoxy resins find application in specialty coatings for things like anti-graffiti coatings, tank linings, and pipelines. Epoxy-based formulations provide excellent adhesion, durability, and chemical resistance, which makes them ideal for these specific coating applications.
Our in-depth analysis of the epichlorohydrin market includes the following segments:
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