Ethylene Dichloride market size is forecast to reach $XX.X million by 2025, after growing at a CAGR of 3.8% during 2020-2025. Ethylene Dichloride Market size is likely to witness significant growth on account of growing
PVC industry and its usage in construction, and electrical industries owing to its lightweight & versatile nature. In addition, it is used in packaging, transport, healthcare, and apparel industries on account of high melting point and vapor pressure. Increasing urbanization, along with rising disposable income has led to a significant increase in global PVC market demand, thereby stimulating the ethylene dichloride market demand.
Report Coverage
The report: “Ethylene Dichloride Market– Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Ethylene Dichloride Industry.
By End-Use Industry: Construction, Automotive, Packaging, Furniture, Medical, Rubber & Plastic, Oil & Gas and Others.
By Geography: North America, South America, Europe, APAC, and RoW
Key Takeaways
- New product developments and increasing investments in research and development of ethylene dichloride are expected to drive the growth of this market.
- Among application, vinyl chloride monomer segment is projected to lead the ethylene dichloride market during the forecast period.
- North America dominated the ethylene dichloride market.
By Application - Segment Analysis
Vinyl Chloride Monomer segment held a significant share in ethylene dichloride market in 2019. Ethylene dichloride is a colorless liquid with sweet odor. It is manufactured by reacting ethylene with chlorine, which is further thermally cracked in order to produce vinyl chloride monomer. Ethylene dichloride can be manufactured using two routes. The direct chlorination process that uses pure chlorine and ethylene is primarily employed to produce ethylene dichloride. Another process called oxy-chlorination, wherein the ethylene reacts with chlorine in hydrogen chloride, is also frequently used for the production of ethylene dichloride. Under the oxy-chlorination process, ethylene dichloride is converted into vinyl chloride monomer by thermal cracking and the hydrogen chloride by-product can again be recycled in an oxy-chlorination plant to make more ethylene dichloride. Ethylene Dichloride is majorly used to produce vinyl chloride, which is used in making of wall coverings, housewares, automobile upholstery and PVC pipes.
The prevalence of COVID-19 has led to decreased utilization rates of refineries across the globe, resulting in supply shortages for various end-use sectors. The health crisis has, on a different note, has led to a sudden spike in demand for olefins which find usage in the formulation of sanitizers and other cleaning products
By End-Use Industry - Segment Analysis
Oil & Gas segment held a significant share in ethylene dichloride market in 2019 growing at a CAGR of XX% during the forecast period. While the oil industry has been slated for steady growth owing to the increasing demand for gasoline and fuels, vendors have been concentrating on expansion of refinery capacities to cater to rising demand for crude oil products. Conventionally, ethylene dichloride is used as a lead scavenger in petrol and as a result, an increase in petrol or gasoline demand is expected to fuel the ethylene dichloride demand in the near future.
Ethylene dichloride market demand from rubber & plastic applications may drive the market, it is used as a dispersant in rubber and plastics owing to its penetration properties. It is used as a solvent for cleaning purposes and various extraction in organic synthesis, metal, textile and adhesive industry owing to its high solubility.
Geography- Segment Analysis
North America dominated the ethylene dichloride market with a share of more than XX%, followed by Europe and Asia Pacific. Increasing utilization of PVC for execution of “smart city” project should further boost product demand. Owing to increasing demand from public & private infrastructure and construction industries is likely to boost product demand. Europe ethylene dichloride market size, led by UK, France, Italy, and Germany is predicted to show a steady growth on account of its growing consumption for manufacturing vinylidene chloride, chlorinated solvents, and ethyleneamines. Regional ethyleneamines market is predicted to rise on account of its growing application in personal care & household products. Asia Pacific ethylene dichloride market size, led by India, China, Australia, and Japan is predicted to witness significant growth on account of rapid industrialisation. Transformations in industrial segment, which increases its sales in construction industry, may foster the product demand.
Drivers – Ethylene Dichloride Market
Increasing usage of ethylene dichloride in various end use industries
Production of ethylene dichloride is generally carried out at polyvinyl chloride manufacturing plants. Ethylene dichloride is mainly used in construction applications; hence, its demand is closely related to the construction industry dynamics. Owing to its crucial properties such as high melting point and vapor pressure, it is utilized in packaging, transport, apparel, and healthcare industries. Moreover, increasing urbanization and government intervention towards the infrastructure development for the public and private benefit has led to the consumption of ethylene dichloride. Furthermore, ethylene dichloride is also used for the production of ethylene amines which then used as corrosion inhibitors, lube oil and fuel additives, surfactants, and wood preservatives. Further, it is also used for the production of other chemicals such as trichloroethane, trichloroethylene, and vinylidene chloride. In the automotive sector, it is majorly used for manufacturing automobile components such as automobile instruments panels and sheathing of electrical cables.
Challenges – Sludge Treatment Chemicals Market
Health effects
Attributing to the toxic nature of ethylene dichloride, it causes nausea and drunkenness in humans and also creates a negative impact on the environment. Thus, government authorities have implemented strict rules and regulations on the consumption pattern of ethylene dichloride. For instance, ethylene dichloride is included under the Clean Air Act, section 112(b) List of Hazardous Air Pollutants regulated by the U.S. Environmental Protection Agency. Thus, stringent environmental regulations on ethylene dichloride are expected to hamper the global market in the near future.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the ethylene dichloride market. In 2019, the market of ethylene dichloride has been consolidated by the top five players accounting for xx% of the share. Major players in the ethylene dichloride market are Olin Corporation, Formosa Plastics Corporation, Westlake Chemical Corporation, Axiall Corporation, Occidental Petroleum Corporation, PPG Industries, The Dow Chemical Company, PT Asahimas Chemical, Horizon Chemical Industry Co. Ltd, Punjab Chemicals & Crop Protection Limited among others.
Product Launch/ Acquisition
- In May 2017, Olin Corporation signed an agreement with The NRC Group for the distribution of chemical products including ethylene dichloride, epoxy resins and curing agents for coating, civil engineering, adhesive and composite industries across Europe.
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