Ethylene Dichloride Market Size is Expected to Reach 50.5 million tons by 2022

Market Highlights
Commenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Ethylene Dichloride Market size is expected to grow at highest rate of approximately ~50.5 million tons by 2022. The market witnessed a potential growth over the forecasted period on account of growing applications such as construction, agriculture chemicals and solvents in ethylene dichloride market.

Global Ethylene Dichloride Market is expected to grow at ~3.1% CAGR during 2016-2022

Competitive Analysis
The Dow Chemical Company (U.S), Formosa Plastics Corporation (Taiwan) and Occidental Chemical Corporation (U.S) and DuPont (U.S) has dominated the global Ethylene Dichloride market share in 2015.
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.

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Segmentation Analysis:
The global ethylene dichloride market is majorly segmented on the basis of production process and application. Based on production process of ethylene dichloride the market is segmented into Catalyst Law, Direct Synthesis, Chlorination. Similarly, on the basis of application the market is classified into Chemical Intermediate, Vinyl Chloride Monomer (VCM), Polyvinyl Chloride (PVC), Construction, Metal Cleaning, Chemical Solvents, Agricultural Chemicals.

Application Insights
Major application segment of ethylene dichloride is construction industry owing to its use as reagent in building blocks. Global ethylene dichloride witnessed significant growth on account of increasing demand as a chemical intermediate in manufacturing of organic chemical compounds. However, growing PVC demand application in construction and agriculture is prime factors to drive the ethylene dichloride market growth over the forecasted horizon.

Regional Insights
The market is classified and analyzed on the basis of various geographic segmentation which includes; Americas, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific Ethylene Dichloride market accounted for over 40% of global revenue share in 2016. Rapid industrialization and urbanization is expected to drive the market demand in China and India. Changing lifestyle of consumer is anticipated to drive demand PVC in construction and infrastructure activities. China expected significant growth in Asia Pacific market owing to high quality product supply of PVC. Thus, it is witnessed to drive the market demand of ethylene dichloride over end user industries in several regions.

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Europe witnessed a slow growth in Ethylene Dichloride market. Increasing R&D for the production of bio-based products in the region is expected to have a favorable impact on growth over the forecast period. Stringent regulations of government regarding chemical usage across application industries particularly in developed regions like North America is expected to witnessed steady growth.

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