The global ethylene dichloride market is
expected to grow at a CAGR between 3.0% and 3.5% from 2017 to 2023.
Ethylene dichloride (also known as EDC) is a chlorinated hydrocarbon
liquid, which is colourless, flammable, pleasant smelling and oily.
Ethylene dichloride is also known as 1,2-dichloroethane. Ethylene
dichloride is predominately used as an intermediate for the
manufacturing of monomer of vinyl chloride, a raw material, used for the
manufacturing of poly vinyl 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
The growth in the PVC market is expected to drive the growth of ethylene
dichloride market as over 95% of the output of the ethylene dichloride
is used in PVC industry. The major end user applications of PVC are in
the construction industry, and the growth in construction sector is
likely to drive the growth in global ethylene dichloride market over the
forecast period. Furthermore, the advanced resins developed with the
utilization of EDC as major raw material are expected to provide growth
opportunities for the market during the forecast period.
The price of ethylene dichloride is dependent on the crude oil prices
hence fluctuations in crude oil prices is likely to affect the prices of
ethylene dichloride. Moreover, fluctuation in the demand in the PVC
market has a direct influence on the growth of 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 liver, kidney, and central nervous system.
When it is heated up to decomposition, it emits toxic fumes of
hydrochloric acids. Hence, environmental and health issues are major
challenges for the growth of the ethylene dichloride market, as some
industries may look for eco-friendly alternative products to comply with
government guidelines. 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 is 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.
The report segments the global ethylene dichloride market by
applications, types of process, and region. Applications include
agricultural chemicals, chemical intermediate, chemical solvents, and
VCM/PVC raw materials production. On the basis of type of process, the
market is segmented into, catalyst law, chlorination and direct
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North
America, Europe, Asia-Pacific, and Rest of the World. North America
region has accounted for the highest ethylene dichloride consumption in
the world over 2014 and 2015. 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 grow at the highest CAGR in the world
EDC market. The growth in the region is attributed to 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 the growth in the global market. The U.S with its
position as one of the largest EDC producers in the world drives the
North America ethylene dichloride market. Furthermore. Belgium, France
and Germany are among the top ethylene dichloride producing countries in
the European region.
The companies covered in the report include Bayer AG, Dupont, Formosa
Plastics, INEOS Group Ltd, LG Chem Ltd, Occidental Chemical Corporation,
Reliance Industries, Saudi Aramco, Solvay SA, and The Dow Chemicals.
The report provides deep insights on demand forecasts, market trends,
and micro and macro indicators. In addition, this report provides
insights on the factors that are driving and restraining the demand of
ethylene dichloride globally as well as regionally. Moreover, IGR-Growth
Matrix analysis given in the report brings an insight on 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 value chain analysis of ethylene
dichloride. Moreover, the study highlights current market trends and
provides forecast from 2017 to 2023. We also have highlighted future
trends in the ethylene dichloride market that will impact the demand
during the forecast period. Moreover, the competitive analysis given in
each regional market brings an insight on the market share of the
leading players. Additionally, the analysis highlights rise and fall in
the market shares of the key players in the market. This report will
help manufacturers, suppliers, and distributors of the ethylene
dichloride market to understand the present and future trends in this
market and formulate their strategies accordingly.