By the end of 2022, the ethylene dichloride industry 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 expected to grow due to the increased usage of ethylene dichloride in the manufacturing of other chemicals and materials, as well as commercial and consumer goods.
The rising demand for Polyvinyl Chloride (PVC) resins for a variety of applications, including the manufacture of plastics and flooring materials, is a major growth driver for the ethylene dichloride industry. This is because ethylene dichloride is used in the manufacturing of PVC. Furthermore, the rising usage of ethylene dichloride (EDC) as a lead scavenger in gasoline will enhance market demand throughout the forecast period. The oil and gas industry’s strong global growth is projected to encourage manufacturers to focus more on developing refinery capacity, encouraging ethylene dichloride market growth.
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Furthermore, rising demand for pesticides and chlorinated solvents will almost certainly drive market growth. The mining, textile, and chemical sectors, among others, are profiting from macroeconomic and demographic shifts in the ethylene dichloride market. Because it does not accumulate in the aquatic food chain and is non-toxic to aquatic creatures, ethylene dichloride is also considered environmentally friendly. Because of increased environmental consciousness, the market for ethylene dichloride is likely to expand.
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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