The Europe Epichlorohydrin Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 161.73 kilo tonnes, showcasing a growth of 3.4% (2019-2022).
Continuous research and development activities have led to advancements in the production processes of epichlorohydrin, aiming to enhance efficiency, lower environmental impact, and improve product quality. Continuous innovations in catalyst technologies and process optimization have contributed to the sustainability and competitiveness of the market. In response to increasing environmental concerns and regulatory pressures, there is a growing trend towards developing and commercializing bio-based epichlorohydrin. Bio-based production methods, often derived from renewable resources, offer a more sustainable option to traditional manufacturing processes. Companies in the market are investing in research to develop bio-based epichlorohydrin to meet the demand for eco-friendly products.
The epichlorohydrin market is shifting towards green chemistry practices, emphasizing environmentally friendly raw materials and processes. Green epichlorohydrin production aligns with sustainability goals and addresses concerns related to the environmental impact of chemical manufacturing. This trend is not only driven by regulatory compliance but also by the increasing awareness and preference for sustainable products among consumers. As these regions experience increased infrastructure development, urbanization, and a rise in manufacturing activities, the consumption of epichlorohydrin in various applications is rising.
The growth in construction and infrastructure development projects in Europe supports the expansion of the epichlorohydrin market. European industries are increasingly investing in green technologies and adopting green chemistry practices. When produced sustainably, epichlorohydrin aligns with these initiatives. The factors mentioned above will propel the market growth in this region.
The Germany market dominated the Europe Epichlorohydrin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $192.4 million by 2030. The Russia market is exhibiting a CAGR of 4.6% during (2023 - 2030). Additionally, The UK market would experience a CAGR of 4.9% during (2023 - 2030).
Based on Application, the market is segmented into Epoxy Resins, Water Treatment Chemicals, Synthetic Glycerin, Pharmaceuticals and Others. Based on End-Use, the market is segmented into Paints & Coatings, Composites, Wind Turbine, Construction, Electrical & Electronics, Adhesives and Others. Based on countries, the market is segmented into Germany, Russia, UK, France, Italy, Netherlands and Rest of Europe.
Free Valuable Insights: The Global Epichlorohydrin Market will Hit $4.3 Billion by 2030, at a CAGR of 5.3%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Shandong Haili Chemical Co., Ltd., Daiso Chemical Co., Ltd. (OSAKA SODA CO., LTD.), Formosa Plastics Group, Hanwha Solutions Chemical Division Corporation (Hanwha Corporation), Jiangsu Yangnong Chemical Co. Ltd., Kashima Chemical Co., Ltd. (Asahi Glass Co., Ltd.), Momentive Performance Materials, Inc. (Hexion, Inc.), Solvay SA, Sumitomo Chemical Co. Ltd., The Dow Chemical Company
By Application (Volume, Kilo Tones, USD Billion, 2019-2030)
By End Use (Volume, Kilo Tones, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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