Press Release / Business / Ethylene Dichloride Industry Share, Market Growth, Size, Demand, Key Player, Development Analysis and Forecast 2023

Ethylene Dichloride Industry Share, Market Growth, Size, Demand, Key Player, Development Analysis and Forecast 2023

Ethylene Dichloride Market:
Ethylene dichloride, also known as 1, 2-dichloroethane, is a chlorinated hydrocarbon. It is a colorless, clear liquid with sweet odor. It is majorly used as a chemical intermediate in the manufacturing of vinyl chloride monomer, which is further used in the production of polyvinyl chloride (PVC). The remainder material is used in the production of ethylene amines and other specialty chlorinated compounds. It does not accumulate in the aquatic food chain and is non-toxic to fish and aquatic organisms.
As per our analysis, some of the important market factors and trends identified in the global ethylene dichloride market include rapid urbanization, increasing per capita disposable income, and continuous growth of automotive sector. Furthermore, rising number of working professional coupled with the growing use of rigid & flexible packaging is expected to propel the growth of the market over the assessment period 2017-2023.
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Ethylene Dichloride Market Key Players:
Olin Corporation (U.S.), Formosa Plastics Corporation (U.S.), Westlake Chemical Corporation (U.S.), Axiall Corporation (U.S.), Occidental Petroleum Corporation (U.S.), PPG Industries (U.S.), The Dow Chemical Company (U.S.), PT Asahimas Chemical (Indonesia), Horizon Chemical Industry Co. Ltd (China), Punjab Chemicals & Crop Protection Limited (India), and others.
Ethylene Dichloride Market Competitive Analysis:
The Ethylene dichloride market appears to be competitive with the presence of several large and small players operating in the market. These key players compete with each other’s on the basis of price, quality, technology and innovation. Ethylene dichloride market is set to grow at a higher CAGR which is likely to attract many entrants to the market resulting in to strong competition in the future. Manufacturers operating in the ethylene dichloride market are striving their best to respond to the growing demand for lightweight materials from automotive, construction, and other sectors attributed to an increase in research & development activities. They ensure to deliver the best quality products based on innovative technologies, solutions, and best practices. 
Moreover, continuous growth in the automotive sector combined with the rising consumer awareness regarding the maintenance aspect of vehicles is anticipated to fuel the growth of the market over the assessment period. Additionally, increasing demand for lightweight passenger vehicles and commercial vehicles have boosted the global automotive production, which is likely to raise the ethylene dichloride based products during the forecast period
Intended Audience:

Ethylene Dichloride Manufacturers
Traders and Distributors of Ethylene Dichloride
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

Ethylene Dichloride Market Regional Analysis:
Global Ethylene Dichloride Market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific region is estimated to grow at the highest CAGR during the review period owing to expanding construction as well as automotive sector. The demand for Ethylene Dichloride is predicted to surge in various countries of Asia Pacific such as Bangladesh, China, India, Vietnam, Thailand, Malaysia, South Korea, and Japan on account of increasing middle class population along with the continuous growth of new purchase passenger cars and heavy duty vehicles. Additionally, rising number of light weight and heavy duty commercial vehicles on road, have significantly contributed to the Ethylene Dichloride Market. Furthermore, advancing technology and its high adoption rate is expected to propel the growth of the market during the assessment period 2017-2023. Some other prominent factors attributed to the market growth in Asia Pacific are availability of inexpensive labor and raw material, low set up manufacturing cost, and moderately strict regulatory framework.
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North America is predicted to witness a moderate growth due to high consumption potential, rising production capacities, and increasing economic growth rate. In North America, countries such as the U.S. and Canada are among the major contributors to the regional growth of Ethylene Dichloride Market and are estimated to see a significant demand for Ethylene Dichloride during the assessment period 2017-2023. The U.S accounts for the largest market share and is followed by Canada in terms of value and is expected to grow with the steady CAGR on account of continuous growth in packaging and pharmaceutical sector. The Middle East & Africa is estimated to witness a significant growth over the forecast period due to tremendous growth in building & construction activities.
TABLE OF FIGURES:
Table 1 World Population by Major Regions (2016 To 2023) 
Table 2 Global Ethylene Dichloride Market: By Region, 2016-2023 
Table 3 North America Ethylene Dichloride Market: By Country, 2016-2023 
Table 4 Europe Ethylene Dichloride Market: By Country, 2016-2023 
Table 5 Asia-Pacific Ethylene Dichloride Market: By Country, 2016-2023