Ethylene Dichloride Market is set for a Rapid Growth and is Expected to Reach US$ 28,785.48 million by 2033
Zion Market Research has published a new report titled “Global Ethylene Dichloride Market Report by End-Use (Automotive, Construction, Packaging, and Others), Application (Agricultural Chemicals, Chemical Solvents, PVC Production, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast Global Industry Perspective, Comprehensive Analysis, and Forecast.
According to the report, The ethylene dichloride market is set for significant expansion, with an anticipated valuation of US$ 20,016.4 million by 2023. The market displays a considerable trend, featuring a CAGR of 3.7%, expected to endure until 2033. The consistent growth forecasts indicate that the global ethylene dichloride market will achieve an impressive valuation of US$ 28,785.48 million by 2033.
Ethylene dichloride is a combustible liquid chlorinated hydrocarbon, which has a pleasant smell. It is a synthetic liquid that is colorless and clear, emits toxic fragrance when heated, and is oily to touch. It is mainly used to manufacture vinyl chloride that is used for making automobile upholstery, PVC pipes, wall coverings, and housewares. As the oil industry is witnessing a steady growth owing to the growing demand for gasoline and other fuels, the major market players are focusing on the expansion of their refinery capabilities to cater to the rising demand for crude oil products. Traditionally, ethylene dichloride has been used as a lead scavenger in gasoline and because of this, the increase in gasoline demand is anticipated to propel the ethylene dichloride market in the forecast timeframe.
Ethylene dichloride causes nausea and drunkenness in humans and also creates a negative impact on the environment owing to its toxic nature. Thus, government authorities across the world have implemented stringent regulations on the usage pattern of the product. This factor is anticipated to obstruct the growth of the ethylene dichloride market in the forecast period.
On the basis of end-use, the ethylene dichloride market has been segmented into automotive, construction, packaging, and others. Plastic & rubber industries require ethylene dichloride in large volumes as it is used as a dispersant in rubber and plastics due to its penetration properties. The plastic industry witnessed significant growth in 2018 owing to the increasing plastic consumption in automotive, construction, electrical & electronics, and other major industries, which is expected to fuel the growth of the ethylene dichloride market in the forecast timeframe.
On the basis of application, the ethylene dichloride market has been segmented into agricultural chemicals, chemical solvents, PVC production, and others. Owing to its high solubility, it is generally used as a solvent for cleaning purposes and various extractions in metal, organic synthesis, and textile industry. The global solvent market is expected to grow at a considerable rate owing to the rising concerns for the maintenance of household products & industrial applications such as degreasing machines and other commonly used industrial tools. Ethylene dichloride is primarily used for the manufacturing of vinyl chloride monomer, which is used mainly in the production of polyvinyl chloride. PVC is commonly used for making ?ttings, pro?les, pipes, doors, windows, tubes, ?lm, sheet, ?ooring, wire cable, and sidings. The vinyls are commonly used in industries such as agriculture, electrical products, construction and infrastructure, and healthcare. Ethylene dichloride is also used in the production of chlorinated solvents and ethylene amines, and also as a solvent in the adhesive, metal cleaning, and textile industries. Polyvinyl chloride one of the largest plastic manufactured in the world with respect to production and consumption. It is used in a wide range of applications such as wires and cable, films and sheets, pipes & fittings, flooring, and several other applications. In the production of PVC, ethylene dichloride is one of the main raw materials, which is therefore expected to bolster the demand for ethylene dichloride market over the forecast period.
The report covers a detailed competitive outlook including the market share and company profiles of the key participants operating in the global ethylene dichloride market.
The key players operating in the global ethylene dichloride market are -
- Dowdupont
- Formosa Plastics Corporation
- Westlake
- Horizon Chemical Industry
- LG Chem
- Occidental Chemical Corporation
- Punjab Chemicals & Crop Protection
- Vynova Group
- Tosoh Corporation
- SABBIC
The global ethylene dichloride market has been segmented as follows:
Global Ethylene Dichloride Market: End-Use Segment Analysis
- Automotive
- Construction
- Packaging
- Others
Global Ethylene Dichloride Market: Application Segment Analysis
- Agricultural Chemicals
- Chemical Solvents
- PVC Production
- Others
Global Ethylene Dichloride Market: Regional Segment Analysis
- North AmericaU.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- Middle East and Africa
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