According to ChemAnalyst report, “Global Ethylene Dichloride Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032”, The Ethylene Dichloride market will likely experience a significant rise in the historic period of 2015-22 and is expected to grow at a CAGR of 3.61% during the forecast period by 2032. The rising demand of ethylene dichloride to synthesize Vinyl Chloride Monomer (VCM) and Ethylene Amines is expected to swell up the demand for the Ethylene Dichloride market in the forecast period.

Dichloroethane or Ethylene Dichloride is a colourless organic compound that smells a little bit like chloroform. Vinyl chloride monomer, the main precursor to polyvinyl chloride (PVC), is typically produced using ethylene dichloride. Additionally, ethylene dichloride is frequently used as a solvent and an intermediate for other organic chemical compounds. Ethylene Dichloride is employed for the synthesis of ethylene amines, which are used as corrosion inhibitors, lubricant and fuel additives, surfactants, and wood preservatives.

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The key growth driver for the ethylene dichloride market is the rising demand for Polyvinyl Chloride (PVC) resins for various applications, including the production of plastic and flooring materials. This is a result of the use of ethylene dichloride in the manufacture of PVC. PVC can be bent, welded, and linked in any way, making it robust, lightweight, resistant to weather, rotting, chemical corrosion, and abrasion, versatile, and easy to use material. These qualities make it perfect for a variety of uses, including pipelines, windows, floors, and roofs. Owing to rapid industrialization, the demand for PVC by the construction sector is anticipated to propel the EDC demand in the forthcoming years. Furthermore, the increasing demand for the manufacture of pesticides and chlorinated solvents will probably accelerate market growth. Also, ethylene dichloride is typically used as a lead scavenger in petrol, rising demand for petrol is anticipated to support ethylene dichloride demand in the coming years.

The global Ethylene Dichloride market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Ethylene Dichloride market is segmented into different industrial sectors which comprise of Vinyl Chloride Monomer (VCM) Production, Ethylene Amines, and Others. Among these, Vinyl Chloride Monomer (VCM) Production is dominating the market and captured approximately 95% of the market in 2022. VCM monomer is generally used for manufacturing polyvinyl chloride (PVC), a polymer that is extremely stable, non-flammable, light, and durable. PVC is employed in a variety of applications such as pipes & fittings for commercial and domestic uses.

Regionally, the Asia Pacific region is dominating the EDC market. This region held a market share of approximately 45% in 2022 and is anticipated to dominate the market in the forthcoming years. Consumption of ethylene dichloride is a result of rising urbanization and government involvement in infrastructure development for both public and official purposes across Asia Pacific region. The growing usage of EDC to produce PVC pipes which are vastly used in farming and irrigation practices across developing nations like India is creating a huge sum of EDC demand. Additionally, North America is the second largest consumer of EDC backed up by reasons such as construction, automotive and fuel industry.

Read Full Report Here: https://www.chemanalyst.com/industry-report/ethylene-dichloride-market-767

“Global Ethylene Dichloride Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032” Major players in the production of Global Ethylene Dichloride are Westlake Chemical, Formosa Plastics Corporation, Tosoh Corp, Dow, Keiyo Monomer, Occidental Chemical Corporation, OxyVinyls, Olin, OxyMar, Chemplast sanmar limited, VYNOVA, Shin-Etsu, INOVYN, and others.

“The rapidly growing demand of Ethylene Dichloride (EDC) primarily to produce Vinyl chloride monomer which is further utilized for the production of Polyvinyl Chloride (PVC) is the primary market driver of EDC market. Due to its unique properties such as light-weight nature, high resilience, chemical & electrical resistance, PVC finds applications in various industries such as Building and Construction, Automotive, Electrical and Electronics, Pipes & Fittings etc, which is anticipated to fuel the EDC demand in the forecast period. With rise in construction activities and irrigation systems is anticipated to increase the demand for pipes and fittings, creating a demand for PVC for and thus affecting the Ethylene Dichloride market substantially. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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