The global Ethylene Dichloride market has reached approximately 45 million tonnes in 2022 and is expected to grow at a CAGR of 3.61% during the forecast period until 2032.
Dichloroethane or Ethylene Dichloride is an odorless liquid. Vinyl chloride monomer, the main precursor to polyvinyl chloride (PVC), is typically produced using ethylene dichloride. Additionally, ethylene dichloride is frequently used as a solvent and an intermediate for other organic chemical compounds. Ethylene Dichloride is employed for the synthesis of ethylene amines, which are used as corrosion inhibitors, lubricant and fuel additives, surfactants, and wood preservatives. The key growth driver for the ethylene dichloride market is the rising demand for Polyvinyl Chloride (PVC) resins for various applications, including the production of plastic and flooring materials. This is a result of the use of ethylene dichloride in the manufacture of PVC. PVC is frequently used in flooring, windows, doors, sidings, cables, wiring, fittings, profiles, tubes, and pipes. The building and infrastructure, agriculture, electrical items, and healthcare sectors all use vinyl. Fast-paced industrialization across the globe is anticipated to increase the PVC demand thus influencing the Ethylene Dichloride market prominently. Additionally, increased demand for the manufacture of pesticides and chlorinated solvents will probably further boost the market growth. Also, ethylene dichloride is typically used as a lead scavenger in petrol, rising demand for petrol is anticipated to support ethylene dichloride demand in the coming years. The global Ethylene Dichloride market is expected to reach about 64 million tonnes by 2032.
Regionally, the Asia Pacific region is dominating the EDC market. This region held a market share of approximately 45% in 2022 and is anticipated to dominate the market in the forthcoming years. Consumption of ethylene dichloride is a result of rising urbanization and government involvement in infrastructure development for both public and official purposes across Asia Pacific region. The growing usage of EDC to produce PVC pipes which are vastly used in farming and irrigation practices across developing nations like India is creating a huge sum of EDC demand. Additionally, North America is the second largest consumer of EDC backed up by reasons such as construction, automotive and fuel industry.
Based on the end-user industry, the global Ethylene Dichloride market is segmented into different industrial sectors which comprise of Vinyl Chloride Monomer (VCM) Production, Ethylene Amines, and Others. Among these, Vinyl Chloride Monomer (VCM) Production is dominating the market and captured approximately 95% of the market in 2022. VCM monomer is generally used for manufacturing polyvinyl chloride (PVC), a polymer that is extremely stable, non-flammable, light, and durable. PVC is employed in a variety of applications such as pipes & fittings for commercial and domestic uses.
Major players in the production of Global Ethylene Dichloride are Westlake Chemical, Formosa Plastics Corporation, Tosoh Corp, Dow, Keiyo Monomer, Occidental Chemical Corporation, OxyVinyls, Olin, OxyMar, Chemplast sanmar limited, VYNOVA, Shin-Etsu, INOVYN, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Ethylene Dichloride which covers production, demand and supply of Ethylene Dichloride market in the globe.
• To analyse and forecast the market size of Ethylene Dichloride
• To classify and forecast Global Ethylene Dichloride market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethylene Dichloride market in the globe.
To extract data for Global Ethylene Dichloride market, primary research surveys were conducted with Ethylene Dichloride manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ethylene Dichloride market over the coming years.
ChemAnalyst calculated Ethylene Dichloride demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Ethylene Dichloride. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethylene Dichloride manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene Dichloride distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethylene Dichloride manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ethylene Dichloride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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45 million tonnes
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Market size Volume by 2032
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64 million tonnes
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Growth Rate
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CAGR of 3.61% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in million tonnes and CAGR from 2023 to 2032
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Report coverage
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Industry Market Size Capacity By Company, Capacity by Location, Production by Company, Operating Efficiency, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share
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Segments covered
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By End-Use: [Vinyl Chloride Monomer (VCM) Production, Ethylene Amines, and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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