Explore the dynamic landscape of the Ethylene Dichloride (EDC) market, uncovering the key factors shaping its growth and the latest industry trends.
The global Ethylene Dichloride Market reached USD 16.81 Billion, with an anticipated revenue Compound Annual Growth Rate (CAGR) of 4.2% throughout the forecast period. The primary driver behind the growth in market revenue is the increased utilization of Polyvinyl Chloride (PVC) components in the infrastructure and transportation industries. Moreover, the utilization of ethylene dichloride as a raw material in the production of innovative resins is poised to stimulate the production of ethylene dichloride. The escalating demand for oil and gas due to rapid urbanization, heightened requirements in water transportation, and the expansion of irrigation and plumbing sectors are among the key factors expected to boost market revenue.
These pipes represent the most dependable and enduring solution for the conveyance of both freshwater and wastewater, free from any leakage or corrosion issues. A notable example is the widespread use of PVC, one of the most extensively employed polymers globally. With an annual consumption exceeding 40 million tons of polyvinyl chloride resin worldwide, the demand for PVC is on the rise.
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Top Leading Players: Dow, Asahimas Chemical Company, Vinnolit, Nova Chemical, Xinjiang Zhongtai Chemical, Sigma Plastic, Westlake Chemical, Bayer AG, INEOS Group Ltd., Occidental Chemical Corporation, and others.
Some Key Highlights from the Report
- In 2022, the VCM segment had the highest revenue share. Rising commercialisation and increased production of bio-based vinyl chloride monomers will be one of the market’s important trends in the future years. During the projection period, demand for bio-based goods derived from sugarcane and other bio feedstocks will increase. Producers make bio-based vinyl chloride monomers from sugarcane ethanol. By lowering dependency on fossil fuels, the usage of bio-based market products also contributes to a decrease in greenhouse gas emissions and carbon footprint. Medical technology advancements, such as the development of instruments such as Cardiac Catheters, IV Bags, and artificial heart valves, will increase demand for VCM.
- The construction industry is predicted to have the greatest revenue CAGR. Rising demand from the building and construction sectors is propelling the segment’s revenue growth. It is utilized in the construction industry for wire and cable insulation, siding, window frames, and water distribution. The segment’s revenue is being driven by a high demand for PVC in the building of pipes as a metal substitute due to its low weight, enhanced physical features, and resistance to environmental deterioration. Rising demand for PVC in the fabrication of pipes in place of metals is driving revenue growth in the construction industry because to its low weight, superior physical features, and resistance to environmental deterioration.
Key questions covered in the global Ethylene Dichloride Market report:
- What is the expected market size of the global Ethylene Dichloride Market during the forecast period?
- What factors are expected to hamper global Ethylene Dichloride Market growth over the forecast period?
- What key factors are expected to drive global revenue growth between 2021 and 2028?
- Which application segment is expected to dominate other application segments over the forecast period?
- Which region is expected to dominate in terms of revenue during the forecast period?
- What are the key outcomes of Porter’s Five Forces analysis and SWOT analysis?
- Which leading players are operating in the global Polyvinyl Alcohol market?
Segments covered in the report:
By Manufacturing Process Outlook:
- Direct Chlorination
- Oxy Chlorination
By Application Outlook:
- Vinyl Chloride Monomer (VCM)
- Chlorinated Solvents
- Ethylene Amines
- Vinylidene Chloride
By End-Use Outlook:
- Automotive
- Construction
- Packaging
- Furniture
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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