Reliable Data You Can Trust
Reliable Data You Can Trust
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.
Please Choose One of them.