Press release
Global Ethylene Dichloride Is Expected To Witness A Significant Growth Of ~50.5 Million Tons By 2022 With CAGR Of ~3.1% Between 2016 To 2022
Synopsis of Ethylene Dichloride Market
The Global Ethylene Dichloride is expected to witness a significant growth of ~50.5 million tons by 2022 with CAGR of ~3.1% between 2016 to 2022.
Ethylene Dichloride is commonly known as 1,2-dichloroethane. Ethylene dichloride (EDC) is colorless chlorinated hydrocarbon chemical compound having flammable nature and chloroform like odor. It is mainly used for manufacturing of vinyl chloride monomer. EDC also acts as a precursor to manufacture polyvinyl chloride (PVC). EDC is widely used as manufacturing of chemical solvents such as vinylidene chloride, trichloroethane, trichloroethylene and ethylene amines. EDC acts as solvent in textile, metal cleaning and adhesive industries.
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The major driving application of EDC is construction industry owing to essential chemical reagent useful in building block. Ethylene dichloride is widely consumed in production of vinyl chloride monomer, a raw material for manufacturing of polyvinyl chloride. Thus, the growing usage of PVC is expected to drive the ethylene chloride market. EDC is used in various end use application such as PVC pipes, windows, fittings, roof tiles, fencing and others. With development of ethylene dichloride in various application across end user industries is expected to drive the overall market of ethylene dichloride.
Dependence of ethylene dichloride on extraction of crude oil and volatile in crude oil prices is likely to impact the growth of ethylene dichloride. Fluctuation in PVC demand can restrain the market growth of ethylene dichloride. Moreover, environment regulations and health issues related to ethylene dichloride such as inhaling can cause nausea, affect kidney, liver and central nervous system. Thus, this can hamper the overall market growth. Bio-Ethylene similar chemical identical to ethylene reduces GHG emission and dependence on crude oil. However, this can be open challenge to players in market to switch to bio based products.
Study Objectives of Ethylene Dichloride Market:
• To provide detailed analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the Global Ethylene Dichloride Market
• To understand the supply and demand dynamics including supply and consumption concentration mapping
• To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
• To provide competitor positioning of the market
• To provide company profiling of major players in the market along with their production and capacity
• To provide regional trade analysis
• To evaluate historical market trends, patents and technologies, and current government regulatory requirements that are relevant to the market
Intended Audience
• Ethylene Dichloride manufacturers
• Traders and distributors of Ethylene Dichloride
• Application industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory
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Regional Analysis
Geographically, Asia Pacific accounts for largest market share in Ethylene Dichloride market growth. Robust industry growth of applications such as construction and PVC raw material is expected to drive the Ethylene Dichloride market growth. Owing to lenient regulations, growing household demand and changing lifestyle in emerging economies has boosted the demand for ethylene dichloride in Asia-Pacific region. China is largest producer of Ethylene Dichloride with presence of large scale industrial units to tap abundant resources. Growing construction activities along with usage of Ethylene Dichloride in windows, pipes and roof tiles is expected to drive the market in developing countries. In North America, stringent regulations of government regarding industrial toxic gas emission industry has led manufacturers in these regions to switch to bio based products. Thus, Ethylene Dichloride market in North America is seen steady growth in coming years. Belgium, France and Germany are also top ethylene dichloride producing regions in European market.
Key Players
Key players of the global high Ethylene Dichloride market are
• Bayer AG (Germany)
• Dupont (U.S)
• INEOS Group Ltd (Switzerland)
• LG Chem Ltd (South Korea)
• The Dow Chemical Co. (U.S)
• Solvay S.A. (Belgium)
• Occidental Chemical Corporation (U.S)
• Formosa Plastics Corporation (Taiwan)
• China Petroleum & Chemical Corporation (China)
• Reliance Industries (India)
Competitive Insights
• The Dow Chemical Company (U.S)
• Formosa Plastics Corporation (Taiwan)
• Occidental Chemical Corporation (U.S)
• DuPont (U.S)
According to regional regulations supporting the production of Ethylene Dichloride as well as vertical development of industries through acquisition and expansion across application industries has opened opportunities for domain manufacturers. Companies focusing on research & development in order to develop innovative techniques of production of ethylene dichloride and switch to bio-ethylene based products has opened opportunities for major players in various regions.
Geographic Analysis
The report covers brief analysis of geographical region such as:
North America
• US
• Canada
Europe
• Germany
• France
• Italy
• Netherlands
• U.K.
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• South America
• Middle East
• Africa
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The report about Global Ethylene Dichloride Market by Market Research Future comprises of extensive primary research along with detail analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report further provides detail information about strategies used by top key players in the industry. It also gives a broad study about different market segments and regions.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand
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W: www.marketresearchfuture.com
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