Ethylene Dichloride Market

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.

Market Dynamic

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 Application:

• Vinyl Chloride Monomer (VCM)
• Ethylene Amines
• Other Solvents

By Production Process:

• Direct Chlorination
• Oxy Chlorination

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

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.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, the Middle East, and Africa.

• Due to the region’s increasing industrialization, Asia-Pacific is predicted to have substantial growth throughout the projected period, holding a market share of 54.6%.
• Sales in the U.K. market are projected to increase due to the sectors’ rapid rise in the pharmaceutical and packaging industries. The market for ethylene dichloride in Europe is projected to account for roughly 21.2% of the overall market share.

Competition Analysis

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:

• In February 2022, the 10% import tax on ethylene dichloride will be eliminated, according to the Indian government. It intends to cut it from the current 10% to 2% on vinyl chloride monomers. The leading producer of PVC pipes and fittings in India, Finolex Industries Ltd., has grown due to reduced ethylene dichloride import duties.
• In January 2022, to launch the first product based on its eShuttle technology, Chemetry, a clean technology start-up with headquarters in the United States, said it is now building a 1000 T/year semi-commercial size factory. Using half the power of Braskem’s Maceio facility, this facility will produce ethylene dichloride from water, salt, and ethylene, removing the need to make chlorine gas.

A list of some of the key suppliers present in the market are:

• Olin Corporation
• Occidental Chemical Corporation
• Formosa Plastics Corporation
• Tosoh Corporation
• Vynova Group
• SABIC
• Westlake Chemical Corporation
• Thyssenkrupp AG
• PT Asahimas Chemical
• Prochem, Inc.
• VESTOLIT GmbH
• Tokyo Chemical Industry Co., Ltd.

Global Ethylene Dichloride Market 2022-2032: Report Coverage and Highlights

• Assessment of the historical and current market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
• Key drivers, restraints, opportunities, and key emerging trends impacting market growth
• Predictions on critical supply, demand, and technological trends and changes in consumer behavior
• Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
• Segment-wise, country-wise, and region-wise market analysis
• Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
• Key product innovations and regulatory framework
• Covid-19 impact on the market and how to navigate
• Strategic market analysis and recommendations on crucial winning strategies