A recent report published by Infinium Global Research on ethylene dichloride market provides an in-depth analysis of segments and sub-segments in the global as well as regional ethylene dichloride market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ethylene dichloride market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ethylene dichloride market. According to the report, the global ethylene dichloride market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
Ethylene dichloride is also known as EDC is a chlorinated hydrocarbon liquid, which is colorless, flammable, pleasant smelling and oily. Ethylene dichloride is predominately used as an intermediate for the manufacturing of monomer of vinyl chloride, a raw material, used for the manufacturing of polyvinyl chloride (PVC). Ethylene dichloride is also used for manufacturing chemical solvents such as ethylene amines, trichloroethane, trichloroethylene, and vinylidene chloride. EDC is used as solvents in industries such as adhesives, metal cleaning, and textile.
The growth in the PVC market is expected to drive the growth of the ethylene dichloride market as over 95% of the output of the ethylene dichloride is used in the PVC industry. The major end-user applications of PVC are in the construction industry, and the growth in the construction sector is likely to drive the growth in the global ethylene dichloride market over the forecast period. Moreover, fluctuation in the demand in the PVC market has a direct influence on the growth of the ethylene dichloride market. Hence these two factors act as a major restraining factor in the growth of the EDC market. Moreover, health issues associated with EDC such as inhaling ethylene dichloride could give respiratory ailments, nausea, and it can affect the liver, kidney, and central nervous system. This factor further, hampers the growth of the market. Besides, using bio-ethylene made from bio-ethanol can reduce the dependence of the industry on fossil fuels for feedstock. Furthermore, with the usage of bio-ethylene, the emissions of Greenhouse gas are likely to be considerably less during the EDC manufacturing process and it is expected to help the market to comply with the environmental regulations in many countries.
As per the geographies, North America region has accounted for the highest market share in the ethylene dichloride market. Moreover, the ethylene dichloride manufactured in the US is expected to cost lesser, as majorly it is manufactured from cheaper ethane produced by the shale gas industry. Asia-Pacific region is expected to second the highest region in the EDC market. The growth in the region is attributed to the presence of the new large projects in the ethylene dichloride market in this region. The demand in the developing countries in the Asia-Pacific region is expected to drive growth in the global market.
The report on global ethylene dichloride market covers segments such as application, and end use industry. On the basis of application, the sub-markets include agricultural chemicals, chemical intermediate, chemical solvents, and VCM/PVC raw materials production. On the basis of end use industry, the sub-markets include automotive, medical, construction, furniture, and packaging.
The report provides profiles of the companies in the market such as Bayer AG, Dow DuPont Inc., Formosa Plastics Corporation, INEOS Group Ltd, LG Chem Ltd., Occidental Chemical Corporation, Reliance Industries Limited, Saudi Aramco, Solvay SA, Westlake Chemical, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ethylene dichloride market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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