Global Ethylene Dichloride Market is valued at USD 16.25 Billion in 2021 and expected to reach USD 21.24 Billion by 2028 with the CAGR of 3.9% over the forecast period.
The Detailed Market intelligence report on the Ethylene Dichloride Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Ethylene Dichloride Market place for the forecast 2022– 2028.
Ethylene dichloride is employed in different applications such as; dispersant in plastics and rubber, wetting and penetrating agent, grain fumigant in textile and PVC cleaning, and as a metal degreaser.
Also dubbed as 1, 2-dichloroethane, ethylene dichloride is a chlorinated hydrocarbon. It is a clear, colorless liquid with sweet smell. It is primarily employed as a chemical intermediate in the production of vinyl chloride monomer, which is further employed in the manufacturing of PVC (polyvinyl chloride). The remainder substance is employed in the creation of specialty chlorinated compounds and ethylene amines. It is non-toxic to aquatic organisms & fish and does not build up in the aquatic food chain. In addition to this, it is employed in the manufacturing of industrial and consumer products and finds broad application scope in different end use sectors such as automotive, furniture, construction, medical, packaging, and others.
The global ethylene dichloride market is divided by end use industry, application, and region. By application, the market is divided into ethylene amines, vinyl chloride monomer, and others. By end use industry, the market is segmented into automotive, construction, furniture, packaging, medical, and others. By region, the market is divided into Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.
The Global Ethylene Dichloride Market Is Expected To See Considerable Development Within The Coming Years
The global ethylene dichloride market is expected to see considerable development within the coming years and is predicted to develop at a rapid speed. There is huge potential in the ethylene dichloride owing to its increasing demand in the market and diversity of applications. Ethylene dichloride is employed in different applications such as; dispersant in plastics and rubber, wetting and penetrating agent, grain fumigant in textile and PVC cleaning, and as a metal degreaser. These factors are increasing its usage in the automotive, medical, construction, furniture, packaging, and other markets. Due to its crucial properties such as high vapor pressure and melting point, it is used in transport, packaging, healthcare, and apparel industries. Furthermore, government intervention towards the infrastructure development and rising urbanization for the private & public advantage has resulted in the usage of ethylene dichloride.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 16.25 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 21.24 Billion|
|Tables, Charts & Figures:||175|
|Ethylene Dichloride Companies||Dow DuPont Inc., Bayer AG, INEOS Group Ltd, Formosa Plastics Corporation, Occidental Chemical Corporation, LG Chem Ltd., Saudi Aramco, Reliance Industries Limited, Westlake Chemical, Solvay SA & others.|
|Segments Covered||By Application, By End-User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Asia Pacific Has Surfaced As The Biggest Market For Ethylene Dichloride After North America And Europe
Asia Pacific has surfaced as the biggest market for ethylene dichloride after North America and Europe. In Europe, the requirement for ethylene dichloride is predicted to develop in different nations such as the Netherlands, Poland, Germany, Italy, the UK, Spain, Russia, and France due to increasing expenditure in innovation and raising buying power of users.
The UK and Germany have surfaced as the essential user market owing to increasing automotive manufacturing and sales together with the huge spending in R&D activities. In addition to this, GDP for almost all European nations is rising together with the increasing construction activities with almost 3% annually, which, in turn, is expected to power the growth of the market. Latin American nations such as Peru, Argentina, Brazil, and Colombia are also predicted to see a moderate development due to increasing user investment on passenger cars.
North America is expected to see a moderate development due to rising production capacities, high usage potential, and rising economic development rate. In North America, nations such as Canada and the US are amongst the main contributors to the regional development of ethylene dichloride market and are predicted to witness a noteworthy demand for ethylene dichloride in the coming period.
The major players included in the global ethylene dichloride market forecast are,
Middle East and Africa
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