According to a new report, published by KBV research, The Global Epichlorohydrin Market size is expected to reach $4.3 billion by 2030, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,398.03 kilo tonnes experiencing a growth of 3.6% (2019-2022).
The Epoxy Resins segment is leading the Global Epichlorohydrin Market by Application in 2022 thereby, achieving a market value of $2.9 billion by 2030. Epoxy resins are widely used in the formulation of high-performance adhesives and sealants. Epoxy-based adhesives' excellent bonding strength and adhesion properties make them suitable for various applications, including bonding metals, plastics, composites, and other materials. These adhesives have extensive use in automotive, aerospace, and construction industries. The properties of epoxy resins, derived from the reaction of epichlorohydrin, make them valuable in applications ranging from adhesives and coatings to composite materials and electronic components.
The Construction segment would exhibit a CAGR of 5.8% during (2023 - 2030). Epoxy resins are used in the construction industry to produce flooring for high-traffic areas, including hospitals, retail centers, and industrial buildings, on account of their non-slip surfaces. In monument restoration applications, they are also used to bond concrete to itself or steel. Epoxy-based formulations contribute to the strength and durability of construction materials, enabling the creation of high-performance structures. Epoxy resins in the construction industry are used for various purposes, including structural bonding, concrete repair, and adhesives for bonding prefabricated components.
The Asia Pacific region dominated the Global Epichlorohydrin Market by Region in 2022, thereby achieving a market value of $2 billion by 2030, growing at a CAGR of 5.5 % during the forecast period. The North America region is experiencing a CAGR of 4.7% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/frozen-vegetables-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Kilo Tones, USD Billion, 2019-2030)
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