By the end of 2022, the ethylene dichloride market is expected to be worth US$ 19.2 billion, growing at a moderate 3.7% CAGR between 2022 and 2028. By 2028, the market is anticipated to reach a value of US$ 24.0 billion. The market is anticipated to increase as a result of the increasing use of ethylene dichloride in the production of other chemicals and materials as well as in the production of commercial and consumer goods.
The increased demand for Polyvinyl Chloride (PVC) resins for different applications, including the production of plastic and flooring materials, is a key growth driver for the ethylene dichloride market. This is due to the usage of ethylene dichloride in the production of PVC. Furthermore, throughout the forecast period, the market demand will benefit from the increased use of ethylene dichloride (EDC) as a lead scavenger in gasoline. The rapid global growth of the oil and gas industry is expected to push manufacturers to focus more on expanding refinery capacity, promoting ethylene dichloride market growth.
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Furthermore, growing demand for pesticides and chlorinated solvents will most likely boost market expansion. The ethylene dichloride market is benefiting from macroeconomic and demographic developments in the mining, textile, and chemical industries, among others. Ethylene dichloride is also considered environmentally friendly because it does not accumulate in the aquatic food chain and is non-toxic to aquatic organisms. Because of increased environmental consciousness, this is expected to boost market expansion for ethylene dichloride.
Key Takeaways:
- North America ethylene dichloride market will account for 36% of the total market share by the end of 2022
- Ethylene dichloride market in Europe will hold 21.2% of the total market share in 2022.
- Online shopping in the U.K. will indirectly fuel market growth over the forecast period.
- India is expected to account for 20.7% of the ethylene dichloride market share in South Asia.
- By application, usage of vinyl chloride monomer to make PVC will propel demand for ethylene chloride.
- On the basis of production process, oxy chlorination will gain popularity.
Competitive Landscape
Olin Corporation, Occidental Chemical Corporation, Formosa Plastics Corporation, Tosoh Corporation, Vynova Group, SABIC, Westlake Chemical Corporation, Thyssenkrupp AG, PT Asahimas Chemical, Prochem, Inc., VESTOLIT GmbH, Tokyo Chemical Industry Co., Ltd, and others are some of the major organizations in the ethylene dichloride market that are profiled in the full version of the report.
As a highly fragmented global market, ethylene dichloride includes several small and large-scale market players. These organizations are eyeing market possibilities in countries with an abundance of raw materials as well as well-established manufacturing facilities such as countries in East Asia and North America. Market players are focusing on investing in R&D activities as well as on capacity expansion, acquisitions, mergers and product innovation to cater to emerging applications.
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Key Segmentation
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
- Middle East and Africa(MEA)
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