Pune, India, August 2023, /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Global Ethylene Dichloride Market.
Market Research Future (MRFR) has published a cooked research report on the “Global Ethylene Dichloride Market” that contains information from 2023 to 2032. The Global Ethylene Dichloride Market is estimated to register a CAGR of 2.30% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the Global Ethylene Dichloride Market— Olin Corporation, Formosa Plastics Corporation, Westlake Chemical Corporation, Axiall Corporation, Occidental Petroleum Corporation, PPG Industries, The Dow Chemical Company, PT Asahimas Chemical, Horizon Chemical Industry Co. Ltd., and Punjab Chemicals & Crop Protection Limited.
Ethylene Dichloride Market Highlights
The Global Ethylene Dichloride Market is accounted to register a CAGR of 2.30% during the forecast period and is estimated to reach USD 39.02 Billion by 2032.
The global ethylene dichloride market refers to the worldwide trade and production of ethylene dichloride (EDC), a chemical compound primarily used in the manufacturing of polyvinyl chloride (PVC) resin. Ethylene dichloride is produced by the direct chlorination of ethylene, and it serves as a vital raw material in various industries, particularly in the production of plastics and vinyl materials.
The global ethylene dichloride market's growth and trends are influenced by technological advancements, environmental regulations, and the availability and cost of feedstock (such as ethylene and chlorine).
Segment Analysis
The Global Ethylene Dichloride Market has been segmented based on application and end user.
On the basis of application, the market is segmented into vinyl chloride monomer and ethylene amines. The vinyl chloride monomers segment dominated the market, The versatile synthetic plastic material polyvinyl chloride (PVC) is primarily made using vinyl chloride monomer (VCM).
Based on end user, the market has been segmented into construction, automotive, packaging, furniture and medical. The construction category generated the most income. Glues and adhesives are made using ethyl dichloride. As a solvent, it can dissolve rubber, resins, and other ingredients found in adhesive formulations. The resulting adhesive can join different building materials, including metal, plastic, and wood.
Regional Analysis
The Global Ethylene Dichloride Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Ethylene Dichloride Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Ethylene Dichloride Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Ethylene Dichloride Market comprises of Middle East, Africa, and Latin America.
The United States is a prominent player in the ethylene dichloride market in North America. The country has a significant petrochemical industry, which drives the production and consumption of EDC. The demand for PVC in construction, automotive, and other sectors further fuels the growth of the market.
European countries like Germany, Italy, and France are major consumers of ethylene dichloride. The region's well-established automotive and construction industries create substantial demand for PVC, which, in turn, influences the demand for EDC.
The Asia-Pacific region is a major player in the ethylene dichloride market. Countries like China, India, Japan, and South Korea are among the largest producers and consumers of EDC. Rapid industrialization, infrastructure development, and a growing population contribute to the high demand for PVC and other EDC-derived products in this region.
Furthermore, the rest of the world's Global Ethylene Dichloride Market is divided into the Middle East, Africa, and Latin America. Countries like Brazil and Mexico are significant players in the ethylene dichloride market in Latin America. The growth of the construction and automotive industries in the region drives the demand for EDC-based products.
Key Findings of the Study
- The Global Ethylene Dichloride Market is expected to reach USD 39.02 Billion by 2032, at a CAGR of 2.30% during the forecast period.
- The United States is a prominent player in the ethylene dichloride market in North America. The country has a significant petrochemical industry, which drives the production and consumption of EDC. The demand for PVC in construction, automotive, and other sectors further fuels the growth of the market.
- Based on application, the market is segmented into vinyl chloride monomer and ethylene amines holding the largest market in 2022.
- Olin Corporation, Formosa Plastics Corporation, Westlake Chemical Corporation, Axiall Corporation, Occidental Petroleum Corporation, PPG Industries, The Dow Chemical Company, PT Asahimas Chemical, Horizon Chemical Industry Co. Ltd., and Punjab Chemicals & Crop Protection Limited.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 136 |
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