The Latin America, Middle East and Africa Epichlorohydrin Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 161.95 kilo tonnes, showcasing a growth of 7.3% (2023-2030).
Epoxy resins, a major derivative of epichlorohydrin, find extensive applications in the construction, automotive, electronics, and aerospace industries. The robust growth in these end-use industries has significantly driven the demand for epoxy resins, consequently boosting the market. Epoxy resins are valued for their high-performance characteristics, including adhesion, chemical resistance, and durability, making them indispensable in various applications. The automotive industry is a major consumer of epoxy resins, particularly coatings, adhesives, and composites.
These regions remain the major product importers. Moreover, new technologies in the polycarbonate and epoxy resin industries would drive the market. The LAMEA is expected to continue to experience a shortage of ECH due to facilities reducing output to comply with domestic environmental regulations. In January 2017, an ecological cleanup initiative initiated in 2016 but gained significant momentum since then precipitated the closure of factories.
Epichlorohydrin is a versatile chemical with significant applications in various industries, including epoxy resins, water treatment, textiles, and pharmaceuticals. The demand for these applications in the LAMEA region contributes to the growth of the market. The above aspects will expand the market growth across the region in the upcoming years.
The Brazil market dominated the LAMEA Epichlorohydrin Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $111 million by 2030. The Argentina market is showcasing a CAGR of 6.2% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 7.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Epichlorohydrin Market is Projected to reach USD 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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