Epichlorohydrin Prices

Epichlorohydrin Prices December 2023

The epichlorohydrin prices in the United States for Q4 2023 reached 1849 USD/MT in December. A substantial decline in prices was observed, heavily impacted by increased imports of cheaper overseas products. Despite some resistance to reducing production, a decrease in demand from downstream industries and the launch of new production capacities maintained a downtrend. The cautious approach from buyers further weakened market conditions.

The price trend for epichlorohydrin in South Korea for Q4 2023, reached 1166 USD/MT in December. The country witnessed a significant elevation in the prices. Furthermore, a bullish market sentiment, coupled with limited supply, drove prices up significantly. The country faced inventory shortages due to high demand and tight domestic supply, contributing to a notable upward price trajectory during this period.

The price trend for epichlorohydrin in Netherlands for Q4 2023, reached 2639 USD/MT in December. Netherlands witnessed a downturn, principally due to reduced demand from the construction and epoxy resin industries. Moreover, the appreciation of the Euro made imports more cost-effective, pressuring local producers to lower prices to stay competitive in a market facing subdued purchasing activities.

The price trend for epichlorohydrin in Brazil for Q4 2023, reached 2279 USD/MT in December. The market witnessed a price decrease, driven by steady imports from Asia and a reduction in feedstock costs. The commencement of the winter season led to decreased demand from the construction sector, contributing to a bearish market trend and lower pricing throughout the quarter.

Epichlorohydrin Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Epichlorohydrin Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of epichlorohydrin pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of epichlorohydrin at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of epichlorohydrin price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing epichlorohydrin price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Epichlorohydrin Market Analysis

The global epichlorohydrin market size reached US$ 3 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.1 Billion, at a projected CAGR of 6% during 2023-2032.

• The increasing utilization of epichlorohydrin in the formulation of epoxy resins, which are materials with excellent mechanical properties, high chemical resistance, and strong adhesion characteristics, is impelling the growth of the market. Epoxy resins are extensively used in the manufacturing of vehicles, snowboards, aircraft, and even bicycles, owing to their effective adhesion properties. According to the report presented by the Society of Indian Automobile Manufacturers, the auto industry produced a total of 2,59,31,867 vehicles, including passenger vehicles, commercial vehicles, three wheelers, two wheelers, and quadricycles from April 2022 to March 2023.
• Moreover, the rising employment of epichlorohydrin in the production of cross-linked food starch is supporting the market growth. Cross-linked food starch is necessary to improve resistance to retrogradation and free-thaw stability and thicken the consistency of sauces and soups. Various processed food products are integrated with cross-linked food starches to improve the consistency of these products, enhance their taste, and retain their shelf life. On the basis of the information provided by the research conducted by the Northeastern University’s Network Science Institute, 73% of the United States food supply is ultra-processed and suggests that ultra-processed foods are 52% cheaper than less processed alternatives, on average.
• Apart from this, epichlorohydrin is widely employed for the manufacturing to glycerin, which is used as a lubricant. Glycerin is also used as an essential ingredient in cough syrups, ointments, anesthetics, and lozenges. Additionally, glycerin is a crucial component in the formulation of various skin and hair care products due to its moisturizing properties. It reduces dryness and also has antimicrobial properties, which is essential to prevent the occurrence of infections. As per the global report on atopic dermatitis 2022 published by Global Atopic Dermatitis Atlas, about 223 million people are living with atopic dermatitis in 2022, of which 43 million are aged between 1 to 4 years.

Epichlorohydrin News

The report covers the latest developments, updates, and trends impacting the global epichlorohydrin market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in epichlorohydrin production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the epichlorohydrin price trend.

Latest developments in the epichlorohydrin industry:

• In June 2022: Meghmani Finechem Limited (MFL), a leading manufacturer of chlor-alkali and its value-added derivatives, announced the commissioning of the first Epichlorohydrin (ECH) Plant of 50,000 TPA capacity in India.
• In December 2021: INOVYN launched its novel product featuring enhanced sustainability credentials under the brand name REODRIN^TM, becoming the first commercial producer of bio-attributed epichlorohydrin from renewable feedstock in the world.

Product Description

Epichlorohydrin is a volatile liquid with a chloroform odor and is classified as an organochlorine compound due to the presence of chlorine in its structure. It can be manufactured via chlorination of allyl chloride, where allyl chlorine is with chlorine gas in the presence of a catalyst like ferric chloride. It is widely utilized to produce epoxy resins, which are essential in coatings, adhesives, laminates, and various electronic components. It is also considered a crucial component in the production of elastomers, particularly in the formation of seals, hoses, and gaskets for various industrial applications. Epichlorohydrin is employed as a solvent in various chemical processes, including extraction and purification procedures. It is also used in the formulation of various types of paints, oil emulsifiers, gums, and paints. It is often adopted as an insect fumigant in the paper and drug industries.

Regional Coverage

The report provides a detailed analysis of the epichlorohydrin market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the epichlorohydrin price trend.

Global Epichlorohydrin Price

The report offers a holistic view of the global epichlorohydrin pricing trends in the form of epichlorohydrin price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into epichlorohydrin historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into epichlorohydrin price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed epichlorohydrin demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Epichlorohydrin Price

The European epichlorohydrin market struggled in the fourth quarter of 2023, influenced by sluggish demand from key sector like construction, which was constrained by high rates of interest and elevating costs of building. This resulted in lower input costs and reduced production output. Market conditions were further pressured by moderate supply levels and declining demand due to cautious buying and delayed investments. In the Netherlands, declining prices were driven by lower demand in the epoxy resin sector, exacerbated by favorable exchange rates making imported materials cheaper.

This analysis can be extended to include detailed epichlorohydrin price information for a comprehensive list of countries.

North America Epichlorohydrin Price

The epichlorohydrin market in North America saw a downturn in the Q4 2023, partly due to a significant maintenance shutdown at Westlake Epoxy, Texas. With supply capacity underutilized, the market remained largely stagnant in October. November's market conditions deteriorated further as companies hesitated to cut production, despite the impending addition of new capacity. Weak performance in the downstream market of epoxy resin, driven by dwindling raw material inventories, resulted in cautious demand for Epichlorohydrin. Additionally, a surge in cheaper imports from overseas pressured domestic prices downward.

Specific epichlorohydrin historical data within the United States and Canada can also be provided.

Middle East and Africa Epichlorohydrin Price

The report explores the epichlorohydrin pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on epichlorohydrin prices for countries can also be provided.

Asia Pacific Epichlorohydrin Price

During Q4 2023, prices in the Asia-Pacific region rebounded, supported by increased feedstock costs and a generally positive market outlook. As demand grew due to anticipated economic improvements, local supplies failed to keep up with rising international orders, resulting in a tight supply environment. South Korea witnessed the most significant price fluctuations, driven by a supply shortage and robust market sentiment. Despite the upward price movement, the limited availability of epichlorohydrin underscored the challenges faced by regional producers in meeting demand.

This epichlorohydrin price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Epichlorohydrin Price

In the Latin American market, epichlorohydrin prices declined in the Q4 2023, mainly due to consistent imports from Asia, a primary supplier. Demand from the key sector, i.e., construction, weakened with the beginning of the winter season, reducing market activity. Additionally, lower feedstock costs, particularly for Propylene, played a role in driving down production costs and influencing the market's bearish trend. In Brazil, the reliance on imports and low inflation helped stabilize the market despite reduced pricing.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of epichlorohydrin pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting epichlorohydrin price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The epichlorohydrin price charts ensure our clients remain at the forefront of the industry.