Global Ethylene Dichloride Market Set to Reach US$ 24.0 Billion by 2028, Fueled by Growing Demand for PVC Resins in Diverse Applications

The Global Ethylene Dichloride Market is experiencing substantial growth, with sales reaching US$ 19.2 billion in 2022. The market is expected to maintain a steady compound annual growth rate (CAGR) of 3.7%, indicating continued expansion and prosperity. Forecasts suggest that by 2028, the market size will further increase to a total of US$ 24.0 billion. This growth can be attributed to factors such as increasing demand for ethylene dichloride across various industries and regions. As the market continues to evolve, stakeholders are likely to witness significant opportunities for investment and development.

Ethylene Dichloride (EDC) is a vital chemical compound primarily used in the manufacturing of vinyl chloride monomer (VCM), which, in turn, is a key precursor for polyvinyl chloride (PVC) production. The Ethylene Dichloride Market plays a pivotal role in various industries, including construction, automotive, packaging, and electronics.

The Ethylene Dichloride market is expected to witness steady growth in the coming years. Factors such as increasing urbanization, infrastructure development, and the automotive industry’s expansion will drive demand for PVC and consequently boost the EDC market. Additionally, advancements in production technologies and a focus on sustainable practices will play a crucial role in shaping the market’s future.

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The Ethylene Dichloride market serves as a critical component in the production of PVC, a versatile material used in various industries. As demand for PVC rises and new technologies emerge, the EDC market is poised for steady growth. However, environmental regulations and the search for sustainable alternatives will remain key challenges for industry players. By embracing innovation and adopting eco-friendly practices, the Ethylene Dichloride market can continue to thrive in the dynamic global marketplace.

Chemical Industry Continues to Extend the Lion’s Share towards Ethylene Dichloride Market Growth

The global chemical industry is expected to exhibit strong growth over the next few decades, which is most likely to accelerate a shift from imports to domestic manufacturing bases, particularly in emerging economies. While developing regional markets continue to receive strong governmental support, the report opines that consumption of ethylene dichloride will continue to see a surge over the coming years.

Substantial volumes of ethylene dichloride are consumed as a solvent in the manufacturing of ethylene amines and in the fumigation production process. Thus, the growth of the chemical industry is expected to directly propel the growth of ethylene dichloride market.

Furthermore, growth of textile, adhesives, and mining industries will create high-potential opportunities for intermediates such as ethylene dichloride. Such organic growth across multiple end users of ethylene dichloride is projected to fuel the global ethylene dichloride market growth during the forecast period.

Ethylene Dichloride Finds Applications as a Raw Material in PVC Production

Ethylene dichloride is predominantly used as a raw material of polyvinyl dichloride (PVC) and thus, the ethylene dichloride market is influenced by the thriving PVC/VCM market.

Global PVC sales accounted for the revenue of over US$ 58 billion in 2017 and the consumption is expected to grow at a healthy rate through 2022, as indicated by research. In light of this unmet demand for PVC, the global ethylene dichloride market is anticipated to register a healthy CAGR throughout the forecast period.

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Stringent Regulations on Ethylene Dichloride Create Manufacturing Challenges

On the flip side, ethylene dichloride is toxic in nature and highly flammable, and has a pleasant chloroform-like odour and irritating vapours. It can affect the nervous system, cause nausea, drunkenness, depression, and vomiting.

EDC affects the central nervous system and cardiovascular system and in certain cases, it may be fatal. It is considered poison for the liver and kidney. These factors are estimated to hinder the overall performance of ethylene dichloride market in years to come.

Leading Ethylene Dichloride Manufacturers Adopt Application-specific Business Strategies

Key players of the global ethylene dichloride market are focusing on collaborations, innovative product development, acquisitions, and expansion. Manufacturers are primarily targeting high development areas and producing application-specific products to gain higher market attraction.

• Olin Corporation (Manufacture of ethylene dichloride) signed an agreement with The NRC Group for the distribution of chemical products including ethylene dichloride, epoxy resins and curing agents for coatings, civil engineering, adhesives and composites industries across Europe. Further, in 2015, the company acquired the Chloralkali and epoxy division from The Dow Chemical Company to fulfil the increasing demand for commodity chemicals.
• Three subsidiaries of TOSOH CORPORATION, a manufacturer of ethylene dichloride, namely Tosoh Finechem Corporation, Tosoh F-Tech, Inc and Tosoh Organic Chemical Co., Ltd. were merged together to combine their distinctive technologies to accelerate the development of chemical compounds.
• In 2019, Formosa Plastics Corporation, a manufacturer of ethylene dichloride, announced the expansion of ethylene dichloride production by up to 800,000 metric tons per annum in Mailiao, Taiwan.

The report on the global ethylene dichloride market studies some of the major players in the ethylene dichloride market, such as Occidental Chemical Corporation, Formosa Plastic Corporation, Olin Corporation, Vynova Group, Tosoh Corporation, SABIC, Tokyo Chemical Industry Co., Ltd. PT Asahimas Chemical, Prochem, Inc., and ThyssenKrupp AG, and among others.

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Ethylene Dichloride Market By Category

Application :

• Vinyl Chloride Monomer (VCM)
• Ethylene Amines
• Other Solvents

Production Process :

• Direct Chlorination
• Oxy Chlorination

Region :

• North America
• Latin America
• Europe
• South Asia
• East Asia
• MEA