Ethylene chloride is considered to be environmentally friendly as it does not accumulate in the aquatic food chain and is non-toxic to aquatic organisms.
The global ethylene dichloride market is projected to reach a value of US$ 19.2 Billion by the end of 2022, exhibiting a moderate CAGR of 3.7% for the forecast period of 2022-2028. The market is expected to reach US$ 24.0 Billion by 2028. The rising application of ethylene dichloride in the production of other chemicals and materials as well as in the manufacturing of industrial and consumer goods is expected to fuel the market growth.
Increasing demand for Polyvinyl Chloride (PVC) resins for different usages like the production of plastic and flooring materials is a primary growth driver for the ethylene dichloride market. This is owing to the application of ethylene dichloride in the production of PVC.
Furthermore, the growing adoption of ethylene dichloride (EDC) as a lead scavenger in petrol will bode well for market demand over the forecast period. The rapid expansion of the oil and gas industry all over the world is expected to push manufacturers to concentrate more on the proliferation of their refinery capacities, which will foster market growth for ethylene dichloride.
Get a Sample Copy of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-351
Additionally, elevated demand for the production of chlorinated solvents and pesticides will likely boost market growth. The ethylene dichloride market is further positively influenced by certain demographic and macroeconomic factors like the development of textile and chemical industries, the evolution of the mining sector, and others.
Ethylene dichloride is also considered to be environmentally friendly as it is non-toxic for aquatic organisms and doesn’t accumulate in the aquatic food chain. With rising environmental consciousness, this is expected to propel market expansion for ethylene dichloride.
“An upsurge in the production of PVC along with the rising demand for petrol will likely augment sales in the global market over the forecast period,” says an FMI analyst.
Key Takeaways:
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.
Contact Sales for Further Assistance in Purchasing this Report@
https://www.futuremarketinsights.com/checkout/351
Regional Analysis
According to the latest reports by FMI, North America accounts for the major share of the global ethylene dichloride market, accounting for almost 36% of the overall market share in 2022. The regional market growth is propelled by the presence of multiple renowned ethylene dichloride manufacturers in the U.S. Several ethylene dichloride manufacturers are employing a capacity expansion strategy which is expected to supplement the regional market growth.
The Europe ethylene dichloride market is anticipated to account for 21.2% of the total market share by the end of 2022. This is owing to the rapid development of the pharmaceutical and packaging industries in the U.K. Rising trend of online shopping coupled with the evolving food and beverage sector is likely to fuel the packaging sector in the U.K. This will increase the demand for plastic packaging which in turn will supplement ethylene dichloride market growth in the U.K.
Apart from these developed countries, the ethylene dichloride market in India will witness an acceleration in demand. Owing to the swift rise in the demand for crude oil and favorable government initiatives, the regional ethylene dichloride market will register significant growth. Thus, the South Asia ethylene dichloride market is expected to account for nearly 20.7% of the total market share.
Request Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-351
More Insights into the Ethylene Dichloride Market Report
In its latest report, FMI offers an unbiased analysis of the global ethylene dichloride market, providing historical data from 2013 to 2021 and forecast statistics for the period 2022 to 2028. To understand the global market potential, growth, and range, the market is segmented based on production process (direct chlorination, oxy chlorination), applications (vinyl chloride monomer (VCM), ethylene amines, other solvents), and region.
Ethylene Dichloride Market By Category
Application:
Production Process:
Region:
Request for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-351
Segmentation Analysis
According to the latest study by FMI, by application, the vinyl chloride monomer (VCM) segment is predicted to dominate the global ethylene dichloride market. The rising conversion of VCM to polymeric PVC since the former is considered to be hazardous for human health is responsible for the growth witnessed by this segment.
Based on the production process, oxychlorination is evaluated as the leading segment in the global ethylene dichloride market. This production process is gaining massive traction across the world due to the urgent need to lower harmful emissions from the production of polyethylene dichloride.
Unlike the traditional direct chlorination production process, oxy-chlorination uses hydrogen chloride in combination with oxygen. The relatively low cost of hydrogen chloride, as compared to chlorine, is predicted to make oxy-chlorination the most preferred production process.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Apr 25, 2023
Copyright © 2006 - 2023 PRnob Media, UBIC Solutions, LLC. All Rights Reserved.
