Increasing application of vinyl chloride monomer in PVC and a thriving construction industry is driving the demand for the Ethylene Dichloride Market.
The global Ethylene Dichloride Market is forecast to reach USD 21.30 Billion by 2028, according to a new report by Reports and Data. Growing demand for ethylene dichloride is expected to rise owing to the high demand for construction for polyvinyl chloride in emerging nations and stable growth in developed countries.
EDC has excellent properties such as high tensile strength, good temperature resistance, and hardness, and it has various applications in numerous end-use industries such as packaging, automotive, furniture, construction, and others. It is a worthy polar aprotic solvent used as a degreaser and paint remover. Formosa Plastics Corporation, a manufacturer of ethylene dichloride, has a plant in Mailiao, Taiwan, that produces up to 800,000 metric tonnes of EDC per annum.
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Top Lading Players: Dow Chemical, Asahimas Chemica, Vinnolit, Nova Chemical, Xinjiang Zhongtai Chemical, Sigma Plastic, Westlake Chemical, Bayer AG, INEOS Group Ltd., and Occidental Chemical Corporation, among others.
Some Key Highlights from the Report:
- Ethylene dichloride is an intermediate chemical towards the production of polyvinyl chloride (PVC), with some incidental uses. More than 96% of produced market product goes to the manufacture of vinyl chloride monomer (VCM) to make PVC. Increasing execution and acceptance of smart city concept will boost the PVC consumption, which in turn will propel the demand for ethylene dichloride market.
- Ethylene dichloride is a lead scavenger and therefore appears as a component of most leaded fuels. Ethylene dichloride is also used as an extraction solvent, as a solvent for textile cleaning and metal degreasing, in certain adhesives, and as a component in fumigants for upholstery, carpets, and grain.
- Ethylene dichloride can be manufactured by the process of direct chlorination. The process is performed in the liquid phase, where pure ethylene and liquid chlorine are reacted in the presence of ferric chloride.
- Direct chlorination can be carried out at low (20-70 degrees Celsius) or high (100-150 degrees Celsius) temperatures. The low temperature has an advantage over high as it produces little by-product, whereas high temperature leads to considerable energy savings.
- Asia Pacific held a significant market share of ethylene dichloride and is expected to grow owing to its increasing application in PVC. The growing demand of the PVC product in Asia Pacific countries such as China and India due to a large number of ongoing projects is expected to bolster the growth of the global ethylene dichloride market.
Segments covered in the report:
Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- Direct Chlorination
- Oxy Chlorination
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- Vinyl Chloride Monomer (VCM)
- Chlorinated Solvents
- Ethylene Amines
- Vinylidene Chloride
End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- Automotive
- Construction
- Packaging
- Furniture
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Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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