About Ethylene Dichloride
Ethylene dichloride (EDC) is mainly used in the production of vinyl chloride monomer (VCM). Vinyl chloride monomer (VCM) is primarily used in the polymerization of polyvinyl chloride (PVC). It is flammable liquid chlorinated hydrocarbon. It is colourless, synthetic, and clear liquid and emits toxic fragrance. Further it is used as solvent in closed systems for various extraction and cleaning purposes in organic synthesis. Thus, owing to its wide applicability in different end use industry, the demand for ethylene dichloride has been raised.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.0% |
The market of ethylene dichloride is expected to grow with rising demand from industrial and manufacturing sectors. Several companies are operating in the market to provide ethylene dichloride. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Ethylene Dichloride market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Wilhelmsen (Norway), Merck KGaA (Germany), Ecolab (United States), Formosa Group (United States), Haihang Industry (China), LG Chem (South Korea), Dowdupont (United States), Westlake (United States), Shin-Etsu (Japan), INEOS (United Kingdom) and Xinjiang Zhongtai Chemical (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ethylene Dichloride market by , Application (Agricultural Chemicals, Chemical Solvents and PVC Production) and Region.
On the basis of geography, the market of Ethylene Dichloride has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Stored Based will boost the Ethylene Dichloride market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Liquid will boost the Ethylene Dichloride market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging Type, the sub-segment i.e. Cans will boost the Ethylene Dichloride market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Preference for Industrial Coatings
Market Growth Drivers:
Rising Demand for Ethylene Dichloride in Agricultural & Chemical Industry and Increasing applicability in Rubber and Plastics to the Demand of Ethylene Dichloride
Challenges:
Availability of Alternatives and Side Effects Associated with Inhalation of Ethylene Dichloride
Restraints:
High Production Cost of Ethylene Dichloride may Restrains its Demand
Opportunities:
Advancements in Techniques Such As Zeta Potential and Quantum Technology Created Ease In Process and Rising Awareness Regarding the Maintenance of Vehicles
Market Leaders and their expansionary development strategies
In July 2023, Westlake Corp., a major US petrochemicals company, completed the acquisition of Occidental Petroleum Corporation's (OxyChem) chlor-alkali assets, including EDC production facilities in Texas and Louisiana. This deal strengthens Westlake's position as a leading EDC player in North America.
In October 2023, South Korean solar energy leader Hanwha Q Cells partnered with German industrial gas giant Linde to develop a technology for producing EDC using electricity from renewable sources. This collaboration aims to address the environmental concerns associated with traditional EDC production processes.
Key Target Audience
Ethylene Dichloride Manufacturers, Ethylene Dichloride Suppliers/Distributor, Raw Material Suppliers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.