Epichlorohydrin Market Regional Analysis:
APAC Market Statistics
By 2035, Asia Pacific epichlorohydrin market is anticipated to dominate over 34% revenue share due to the growing infrastructure and increased industrialization make it a desirable market for epoxy resins manufactured from epichlorohydrin. As per Indian Government, a total of USD 1,400 billion is allocated to infrastructure projects in India, with 24% going toward renewable energy, 19% toward roads and highways, 16% toward urban infrastructure, and 13% toward railways.
China's expanding infrastructure presents an appealing market for epoxy resins derived from epichlorohydrin. China declared in August 2022 that it would invest USD 44 billion in infrastructure development and that it would implement further growth-stimulating measures.
In Japan, paints & coatings are used in the automotive industry, and as the population expands and the demand for cars rises, the epichlorohydrin market will grow in size. According to OEM statistics, Japan's passenger car manufacturing volumes increased to 726,648 units as of November 2022, up 2% year over year. November export volumes increased 9.1% year over year to 350,677 units.
The increasing standard of living in the area has led to a growing need for high-quality drinking water, which is expected to fuel expansion in the Korean market for water treatment chemicals. The total amount of epichlorohydrin imported from South Korea was 3.7K, coming from 210 South Korean suppliers and imported by 380 global importers.
North America Market Analysis
North America region is anticipated to observe substantial growth through 2035. The market is growing due to increased optimism in sectors where there is a significant demand for chemical goods. In 2024, the value added in the chemicals industry is expected to reach USD 0.43 trillion.
The United States, which is this region's largest epichlorohydrin user, has chosen a cautious strategy for economic expansion. The volume of the North American market increased to 304.55 in 2019, indicating a 3.0% gain.
