에피클로로히드린 시장 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, epichlorohydrin market size in 2026 is estimated at 2.27 Million tons, growing from 2025 value of 2.20 Million tons with 2031 projections showing 2.67 Million tons, growing at 3.30% CAGR over 2026-2031.

This report Segments the Industry by Type (Oil-Based Epichlorohydrin, Bio-Based Epichlorohydrin), Application (Epoxy Resins, Specialty Water Treatment Chemicals, and More), and End-Use Industry (Construction, Paints and Coatings, Adhesives, and More), Geography (Asia-Pacific, North-America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Global Epichlorohydrin Market Trends and Insights

Bio-based Feedstock Availability Spurs Sustainable Growth

A widening surplus of crude glycerin from biodiesel has bolstered the economic case for glycerin-to-epichlorohydrin production. Plants using Epicerol technology cut CO2 emissions by 60% and wastewater generation by up to forty-fold compared with propylene routes, meeting tightening carbon regulations and qualifying for green-chemistry incentives. Production costs around EUR 1,697 / ton are now within striking distance of prevailing market prices, narrowing the profitability gap as glycerin prices soften. AGC Chemicals Europe commercialized EPINITY in 2024, and Epigral Limited entered domestic manufacturing in India using the same technology, underlining accelerated adoption. As more jurisdictions impose lifecycle-carbon disclosures, bio-based epichlorohydrin gives producers a credible pathway to secure long-term offtake agreements with sustainability-focused customers.

Escalating Epoxy Resin Consumption Amplifies Core Demand

Epoxy resins absorb over 86% of global epichlorohydrin output, anchoring baseline growth for the epichlorohydrin market. Infrastructure upgrades, protective industrial coatings, and advanced composites for automotive and aerospace continue to widen epoxy use, while electronics miniaturization demands high-purity, low-chlorine resin grades. DCM Shriram's USD 120 million epoxy resin complex in Gujarat exemplifies regional backward integration designed to secure captive epichlorohydrin supply. As coating manufacturers introduce water-borne and solvent-free lines to meet volatile-organic-compound rules, epoxy demand per square meter rises, lengthening the growth runway through 2030.

Feedstock Price Fluctuations Pressure Margins

Propylene and caustic soda prices continued to swing widely in 2024, reflecting global energy-price uncertainty and periodic outages in chlor-alkali units. While Asian suppliers temporarily benefited from lower production costs, European producers grappled with high electricity tariffs, compressing spreads. Firms with integrated chlor-alkali assets have partially offset volatility, yet unhedged producers face margin squeeze that can delay debottlenecking plans. Bio-based units provide an alternate cost base but remain exposed to glycerin pricing tied to biodiesel policies. Hedging strategies and diversified sourcing therefore stay at the forefront of procurement practices during 2025-2026.

Other drivers and restraints analyzed in the detailed report include:

1. Construction Sector Expansion Underpins Volume Uptake
2. Wind-Energy Blade Manufacturing Extends Application Scope
3. Tightening Environmental Regulations Elevate Compliance Burden

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Oil-derived epichlorohydrin retained an 87.78% share of global consumption in 2025, equating to 1,931.16 kilotons, yet bio-based volumes grew faster, closing the year at 268.84 kilotons. The epichlorohydrin market size attributable to bio-based production is expected to expand at 3.96% CAGR, lifted by policy incentives for low-carbon chemicals and expanding glycerin availability from biodiesel streams. In contrast, the oil-based route is projected to trail the overall epichlorohydrin market by nearly 70 basis points in growth due to escalating carbon fees in Europe and the gradual shift of multinational customers toward greener supply chains.

Producers employing Epicerol technology consistently report 60% lower greenhouse-gas footprints and up to forty-fold reductions in wastewater discharge relative to the allyl-chlorination pathway. Early adopters in Asia, most notably in Thailand and India, demonstrate that bio-based units can reach economies of scale above 50 ktpa, encouraging other chlor-alkali firms to license similar technology. Over the forecast horizon, incremental efficiency gains and potentially lower glycerin prices may compress the cost premium, enabling bio-based grades to penetrate niche electronic encapsulation lines where ultra-low chlorine is pivotal.

Complete Report Scope:

• By Type
  • Oil-based epichlorohydrin
  • Bio-based epichlorohydrin
• By Application
  • Epoxy Resins
  • Specialty Water Treatment Chemicals
  • Synthetic Glycerin
  • Epichlorohydrin Elastomers
  • Other Applications(Pharmaceuticals, etc.)
• By End-Use Industry
  • Construction
  • Paints and Coatings
  • Adhesives
  • Textiles
  • Other Industries(Wind Energy, Healthcare, etc.)
• By Geography
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific led global demand with 1,291.84 kilotons in 2025, equating to 58.72% of the epichlorohydrin market. Continued 4.12% CAGR growth arises from robust downstream epoxy resin expansion, capacity investments in India, and Chinese industrial policy emphasizing self-reliance in advanced materials. Regional producers benefit from access to competitively priced propylene and supportive infrastructure investment, enhancing supply-chain agility. The epichlorohydrin market size in Asia-Pacific is therefore expected to widen its lead over other regions by 2031.

North America retains significant high-value consumption in aerospace composites, semiconductor encapsulation, and specialty coatings. However, emission-control retrofits mandated under revised EPA rules introduce capital expenditures that may encourage incremental imports of bio-based grades produced in Asia. Europe confronts parallel challenges: high energy costs, slower GDP growth, and stringent carbon-pricing schemes compress margins, prompting consolidation of smaller epoxy formulators. Nevertheless, EU funding for offshore-wind build-outs and battery gigafactories ensures selective demand pockets for premium epichlorohydrin derivatives.

Latin America, the Middle East, and Africa collectively account for less than 10% of global volumes but present long-term potential. Brazil's infrastructure concessions and Saudi Arabia's chemical diversification agendas create localized demand clusters. While per-capita consumption is currently low, rising urbanization and renewable-energy targets promise incremental growth that global suppliers may capture by deploying import terminals and regional blending hubs.

1. AGC Vinythai
2. DCM SHRIRAM CHEMICALS
3. Epigral Limited
4. Formosa Plastics Corporation
5. Grasim Industries Ltd
6. Hanwha Solutions Chemical Division Corporation
7. Hexion Inc.
8. Kashima Chemical Co. Ltd.
9. Lotte Fine Chemical Co. Ltd.
10. Nama
11. Olin Corporation
12. Shandong Haili Chemical Industry Co., Ltd.
13. Sinochem International Corporation
14. Solvay
15. Sumitomo Chemical Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Shift to Bio-Based Feedstock Driven by High Availability of Glycerin
  • 4.2.2 Growing Demand for Epoxy Resin in Global Market
  • 4.2.3 Expansion of Building and Construction Industry
  • 4.2.4 Increasing Utilziation in Wind-Turbine Blades
  • 4.2.5 Growing Investment in Semiconductor Encapsulation Materials
• 4.3 Market Restraints
  • 4.3.1 Volatility in Raw Material Prices
  • 4.3.2 Environment Related Concerns
  • 4.3.3 Rising Adoption of Non-epoxy Aliphatic Resins
• 4.4 Value Chain Analysis
• 4.5 Porter's Five Forces
  • 4.5.1 Threat of New Entrants
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Bargaining Power of Suppliers
  • 4.5.4 Threat of Substitute Products
  • 4.5.5 Degree of Competition

5 Market Size and Growth Forecasts (Volume)

• 5.1 By Type
  • 5.1.1 Oil-based epichlorohydrin
  • 5.1.2 Bio-based epichlorohydrin
• 5.2 By Application
  • 5.2.1 Epoxy Resins
  • 5.2.2 Specialty Water Treatment Chemicals
  • 5.2.3 Synthetic Glycerin
  • 5.2.4 Epichlorohydrin Elastomers
  • 5.2.5 Other Applications(Pharmaceuticals, etc.)
• 5.3 By End-Use Industry
  • 5.3.1 Construction
  • 5.3.2 Paints and Coatings
  • 5.3.3 Adhesives
  • 5.3.4 Textiles
  • 5.3.5 Other Industries(Wind Energy, Healthcare, etc.)
• 5.4 By Geography
  • 5.4.1 Asia-Pacific
    • 5.4.1.1 China
    • 5.4.1.2 India
    • 5.4.1.3 Japan
    • 5.4.1.4 South Korea
    • 5.4.1.5 Rest of Asia-Pacific
  • 5.4.2 North America
    • 5.4.2.1 United States
    • 5.4.2.2 Canada
    • 5.4.2.3 Mexico
  • 5.4.3 Europe
    • 5.4.3.1 Germany
    • 5.4.3.2 United Kingdom
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Rest of Europe
  • 5.4.4 South America
    • 5.4.4.1 Brazil
    • 5.4.4.2 Argentina
    • 5.4.4.3 Rest of South America
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 South Africa
    • 5.4.5.3 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share (%) Analysis
• 6.4 Company Profiles (includes Global-level Overview, Market-level Overview, Core Segments, Financials, Strategic Information, Market Rank/Share, Products & Services, Recent Developments)
  • 6.4.1 AGC Vinythai
  • 6.4.2 DCM SHRIRAM CHEMICALS
  • 6.4.3 Epigral Limited
  • 6.4.4 Formosa Plastics Corporation
  • 6.4.5 Grasim Industries Ltd
  • 6.4.6 Hanwha Solutions Chemical Division Corporation
  • 6.4.7 Hexion Inc.
  • 6.4.8 Kashima Chemical Co. Ltd.
  • 6.4.9 Lotte Fine Chemical Co. Ltd.
  • 6.4.10 Nama
  • 6.4.11 Olin Corporation
  • 6.4.12 Shandong Haili Chemical Industry Co., Ltd.
  • 6.4.13 Sinochem International Corporation
  • 6.4.14 Solvay
  • 6.4.15 Sumitomo Chemical Co., Ltd.

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment
• 7.2 Growth of Epichlorohydrin-Based Resins in Water Treatment Industry