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Ethylene Dichloride Industry Market: By Product Type, By Application Type, and Geography
Ethylene Dichloride Industry Market: By Product Type, By Application Type, and Geography
Ethylene Dichloride Industry Market size was valued at US$ XX Mn in 2023 and is poised to grow at a significant CAGR of X% from 2024-2030. EDC is predominantly used as a raw material in the production of vinyl chloride monomer (VCM). The vinyl chloride, in turn, is used for the fabrication of polyvinyl chloride (PVC) resin. Moreover, it is used as a dispersant in rubber and plastics, and as a wetting and penetrating agent. It is also added to lead gasoline as a lead scavenger, which in turn increases the demand for petrol and gasoline. These factors lead to the growth of the market. However, stringent environmental regulations hamper the growth of the market. In addition, the global ethylene dichloride industry market report includes human demographics; regulatory scenario, and competition analysis with a vividly illustrated competition dashboard to assess the market competition. Moreover, Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global ethylene dichloride industry products.
Study Period
2024-2030Base Year
2023CAGR
X%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Ethylene dichloride finds a wide range of application in automotive, pharmaceutical, building & construction, plastics, other. Automotive segment is considered to be one of the largest applications of ethylene dichloride. It is expected to fuel the EDC market growth during the forecast period. The continuous growth in this segment can be attributed to increasing customer awareness concerning about the maintenance of automobiles is projected to boost the market growth in the coming years. Moreover, increasing demand for commercial vehicles and lightweight passenger vehicles has furthered the production of global automobiles, which in turn raises the demand for ethylene dichloride based products during the estimate period.
Ethylene dichloride market in North American region is strongly driven by presence of most important constructers of polyvinyl chloride (PVC), such as Axiall Corporation, Solvay, and Shin-Etsu Chemical. The consumption rate of ethylene dichloride is considerably high in this region. US is foreseen to be the regional leader which the maximum production of ethylene chloride. Asia Pacific remains as the most lucrative market for ethylene dichloride due to its rising demand from emerging economies like China, Japan, and India. The growth in this region can be attributed to rapid industrialization. The Middle East & Africa is projected to spectator a momentous growth over the forecast period owing to significant growth in building & construction accomplishments.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
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Report Study Period |
2024-2030 |
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Market CAGR |
X% |
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The ethylene dichloride industry market size was valued at US$ xx million in 2023
The ethylene dichloride industry market key players are: The Dow Chemical Company (U.S.) PT Asahimas Chemical (Indonesia) Horizon Chemical Industry Co. Ltd (China) Punjab Chemicals & Crop Protection Limited (India) Formosa Plastics Corporation (U.S.) Westlake Chemical Corporation (U.S.) Axiall Corporation (U.S.) Occidental Petroleum Corporation (U.S.) PPG Industries (U.S.) Olin Corporation (U.S.) LyondellBasell Industries NV
The ethylene dichloride industry market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.