The market is expected to generate an incremental $ opportunity of US$ 7,910.6 Mn between 2022 and 2032
Category: Chemicals & Materials Published Date : October 2022 ID: CVC-00222 Format: PDF Pages: 290
Global Ethylene Dichloride Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Ethylene Dichloride Market was worth US$ 16,472.0 Mn and is expected to grow at a CAGR of 4.0% over the forecast period. While the historical CAGR is 3.2%, the market is expected to hit US$ 24,382.6 Mn by 2032 end.
Sales in the market are anticipated to be boosted by the growing use of polyethylene dichloride as a chemical intermediary in creating vinyl chloride monomers. Additionally, it is employed globally in producing polyvinyl chloride (PVC).
Since ethylene chloride is non-toxic to aquatic organisms and does not build up in the marine food chain, it is considered environmentally beneficial. Another element anticipated to fuel the market’s expansion is the expanding utilization of industrial and consumer goods manufacturing.
THE SURGING PRODUCTION OF PVC BOOSTS SALES OF ETHYLENE DICHLORIDE
In the upcoming years, it is anticipated that rising PVC production and consumption will boost ethylene chloride sales globally. PVC is widely utilized in various applications, including pipes and fittings, flooring, wires, power and signal cables, and films and sheets.
PVC is the third most extensively produced polymer globally, behind polypropylene and polyethylene. The electrical and automotive industries are anticipated to use it more due to its high oil and chemical resistance and fire retardant qualities.
Market Segments Covered in Report
By Production Process:
By Region and Country:
Which application is expected to lead the market of ethylene dichloride during the projected period?
The vinyl chloride monomer (VCM) segment is anticipated to dominate the worldwide ethylene dichloride market in terms of application. Given that VCM is considered detrimental to human health, there has been an increase in the conversion of VCM to polymeric PVC, which is responsible for the growth.
The demand for PVC is expected to increase due to the building industry’s continued expansion. A growing number of proposed smart city initiatives will encourage the use of PVC, increasing demand for ethylene chloride.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.
To maintain their market position and expand their product offerings, the firms use various essential methods, including mergers and acquisitions, joint ventures, partnerships, and innovations.
The key developments in the Global Ethylene Dichloride Market are:
A list of some of the key suppliers present in the market are:
Global Ethylene Dichloride Market 2022-2032: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Application, Production Process, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|