USD 15.4 billion
Ethylene Dichloride Market Size, Share, Growth Analysis, By Production Process (Direct Chlorination, Oxy Chlorination), By Application (Vinyl Chloride Monomer (VCM) Production, Hexachlorophene), By End Use Industry, By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2411 |
Region:
Global |
Published Date: November, 2024
Pages:
202
|Tables:
66
|Figures:
75
Ethylene Dichloride Market Insights
Global Ethylene Dichloride Market size was valued at USD 15.4 billion in 2022 and is poised to grow from USD 16.2 billion in 2023 to USD 24.12 billion by 2031, growing at a CAGR of 5.1% during the forecast period (2024-2031).
The global ethylene dichloride (EDC) market exhibits special market dynamics. EDC is a vital chemical extensively used in the production of vinyl chloride monomer, a key factor in PVC production. The marketplace is commonly driven via the demand for PVC, in particular inside the construction and car sectors.
However, regulatory adjustments and environmental issues regarding the usage of chlorine-based chemicals pose challenges. Asia-Pacific, with China at the vanguard, dominates the market because of fast industrialization and infrastructure improvement. Ongoing developments include a shift closer to sustainable practices and innovations in production processes. Fluctuations in uncooked fabric charges, especially ethylene, impact the general cost shape of EDC manufacturing, influencing marketplace tendencies. Economic factors, technological improvements, and geopolitical traits also make a contribution to the evolving panorama of the worldwide EDC marketplace.
In response to environmental concerns, research and improvement efforts consciousness on green alternatives and cleanser manufacturing strategies. Market members are exploring sustainable practices to align with global projects selling environmental responsibility.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Production
Fastest Growth
Automotive
Growth Rate
5.1% CAGR
Global Ethylene Dichloride Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Ethylene Dichloride Market Segmental Analysis
Global Ethylene Dichloride Market is segmented by production process, application, end use industry and region. Based on production process, the market is segmented into direct chlorination, oxy chlorination and others. Based on application, the market is segmented into vinyl chloride monomer (VCM) production, ethylene amines, chemical solvents, agricultural chemicals, trichloroethylene (TCE), perchloroethylene (tetrachloroethylene), hexachlorophene and others. Based on end use industry, the market is segmented into automotive (interior components, exterior components), construction (pipes & fittings, window profiles), furniture, (upholstery, frames), medical (medical devices, medical packaging) and packaging (food packaging, non-food packaging). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Application
Vinyl Chloride Monomer (VCM) Production is probably to dominate the marketplace as EDC is an important uncooked material for VCM, which, in flip, is a key thing in the manufacturing of polyvinyl chloride (PVC). The sizeable demand for PVC within the creation and car industries is a driving factor, making VCM production a number one software for EDC.
The use of EDC in the production of agricultural chemicals, such as herbicides and pesticides, might also revel in highly quicker boom. The agriculture area's ongoing want for effective and efficient chemical solutions to decorate crop yield and guard towards pests should force accelerated call for for EDC on this software.
Analysis by End-User Segment
The production industry is likely to dominate the EDC market. EDC is a vital thing within the manufacturing of polyvinyl chloride (PVC), that's substantially utilized in construction packages which includes pipes, fittings, and profiles. The constant calls for PVC in infrastructure improvement and constructing construction positions the development industry as a substantial client of EDC.
The automobile area may be a quick-developing give up-person section for EDC. PVC is used in numerous automobile programs, which include indoors components, wiring, and insulation. As the automobile enterprise maintains to conform with technological improvements and the increasing manufacturing of electric vehicles, the demand for PVC and, consequently, EDC may enjoy elevated increase.
Global Ethylene Dichloride Market By End Use
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Ethylene Dichloride Market Regional Insights
Asia-Pacific is probable to dominate the EDC marketplace. China, particularly, has been a chief contributor to the manufacturing and intake of EDC, driven by way of sturdy industrialization, infrastructure improvement, and the large demand for PVC in construction. The vicinity's universal monetary boom and expanding manufacturing activities function it as a key player inside the global EDC market. The vicinity has seen multiplied focus of environmental concerns, leading to shifts in guidelines and choices closer to more sustainable options. This may want to impact the call for plasticizers like EDC and impact marketplace dynamics.
The Middle East and Africa will be a fast-growing vicinity for the EDC marketplace. The location's boom can be attributed to growing industrialization, construction initiatives, and the call for for PVC in diverse applications. Additionally, the availability of uncooked substances for EDC production within the Middle East can also make contributions to the area's prominence in the marketplace. The region is probably to keep being a main customer and producer due to the giant presence of industries like construction, car, and electronics.
Global Ethylene Dichloride Market By Region
- Largest
- Fastest
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Ethylene Dichloride Market Dynamics
Drivers
Increasing Demand from Construction Industry
- The sturdy demand from the development enterprise, in which EDC serves as a crucial raw fabric for the manufacturing of polyvinyl chloride (PVC). The continuous enlargement of infrastructure projects globally, especially in unexpectedly growing regions like Asia-Pacific, drives the want for PVC, consequently boosting EDC intake. Furthermore, the car quarter contributes considerably to the demand for EDC, as PVC is considerably used in diverse automotive programs.
Restraints
High Environmental and Regulatory Scrutiny Surrounding Chlorine-Based Chemicals
- One of the principal marketplace restraints is the growing environmental and regulatory scrutiny surrounding chlorine-based chemical compounds, inclusive of EDC. Stringent rules aimed at lowering environmental impact and addressing fitness worries pose challenges to the giant use of EDC. Additionally, the developing fashion towards sustainable practices and the pursuit of green options inside the chemical industry gift barriers for EDC. Economic downturns and fluctuations in uncooked fabric charges may in addition avert market growth.
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Ethylene Dichloride Market Competitive Landscape
The competitive surroundings of the Ethylene Dichloride market are dynamic and marked by means of the presence of key enterprise players, regional manufacturers, and ongoing strategic developments. The set-up entities frequently engage in research and improvement sports to beautify product services and preserve compliance with evolving regulatory standards. The market additionally sees participation from neighbourhood and regional manufacturers, contributing to specific geographic segments. Strategic collaborations, mergers, and acquisitions are not unusual traits amongst predominant players, aimed at increasing marketplace presence and diversifying product portfolios.
Top Player’s Company Profiles
- Dow Chemical
- Formosa Plastics Corporation
- INEOS Group Ltd.
- Mitsubishi Chemical Corporation
- SABIC
- Occidental Chemical Corporation
- SolVin
- BASF SE
- Bayer AG
- LG Chem Ltd.
- Nova Chemicals Corporation
- Reliance Industries Limited
- Sinopec Group
- Xinjiang Zhongtai Chemical Co., Ltd.
- Olin Corporation
- ProChem, Inc.
- Saudi Arabian Oil Company (Saudi Aramco)
- Solvay SA
- Tosoh Corporation
- Vizag Chemicals Private Limited
Recent Developments
- September 2023: Mitsui and Co., Ltd. ("Mitsui," headquartered in Tokyo, led by way of President and CEO Kenichi Hori) and Olin Corporation ("Olin") are thrilled to claim the status quo of Blue Water Alliance JV, LLP ("BWA") and the initiation of its operations. Mitsui and Olin had formerly reached a settlement to forge a strategic alliance, leading to the formation of the BWA joint assignment.
- January 2024: It is expected that the upward momentum in Northeast Asian ethylene dichloride (EDC) spot prices will persist within the preliminary 1/2 of 2024. This projection is attributed to decreased production costs in Asia, accelerated call for from PVC manufacturers inside the southern and southeastern regions, and expanded freight fees as a consequence of delivery disturbances inside the Red Sea.
- May 2023: PT Chandra Asri Petrochemical Tbk, through its subsidiary PT Chandra Asri Alkali (CAA), has entered into a License, Basic Engineering, and Technical Services Agreement with a outstanding vinyl technology licensor based in the United States. This settlement is a strategic circulate in alignment with the organization's marketing strategy to establish a globally sizeable integrated chlor-alkali and ethylene dichloride (CA-EDC) plant.
Ethylene Dichloride Key Market Trends
- Rising Emphasis on Sustainability Within Chemical Industry: The increasing emphasis on sustainability in the chemical enterprise. As environmental concerns advantage traction, there's a developing exploration of green options and cleaner manufacturing techniques for EDC. Another giant fashion is the ongoing research and improvement efforts to beautify the efficiency and safety of EDC manufacturing. This includes innovations in manufacturing technologies and the exploration of novel applications for EDC past its conventional makes use of.
Ethylene Dichloride Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Ethylene Dichloride market evaluation famous a dynamic market with some of standout developments and difficulties. The marketplace is driven through robust call for from the construction and car sectors, as EDC is an essential uncooked cloth for polyvinyl chloride (PVC) production. However, environmental and regulatory worries pose restraints, necessitating sustainable practices. EDC's flexible programs encompass solvent use, contributing to its market significance. Asia-Pacific dominates, led by means of rapid industrialization in international locations like China. Key developments contain a shift toward green options, technological improvements for cleaner production, and multiplied emphasis on regulatory compliance and safety requirements.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 15.4 billion |
| Market size value in 2031 | USD 24.12 billion |
| Growth Rate | 5.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Ethylene Dichloride Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Ethylene Dichloride Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Ethylene Dichloride Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ethylene Dichloride Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ethylene Dichloride Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ethylene Dichloride Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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