Press Release / Business / Ethylene Dichloride Market 2018 Global Industry Outlook, Demand, Key Manufacturers and 2023 Forecast Report

Ethylene Dichloride Market 2018 Global Industry Outlook, Demand, Key Manufacturers and 2023 Forecast Report

Ethylene dichloride Market Defination:
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. 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
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Intended Audience:

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

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 Segmentation:
The global ethylene dichloride market is segmented on the basis of application, end use industry, and region. On the basis of application, the market is categorized into vinyl chloride monomer, ethylene amines, and others. Among these, the vinyl chloride monomer holds the largest share on account of wide use in various application. Vinyl chloride is used to manufacture PVC, which has end use in window, fittings, fencing, pipe, roof tiles, and automobile parts.
Thus, the vinyl chloride segment is predicted to grow at the highest CAGR over the forecast period. On the basis of end use industry, the market is segmented into construction, automotive, packaging, furniture, medical, and others. Among the end use industry, the construction segment is predicted to hold the largest share and is expected to retain its dominance during the assessment period. The factor attributed to the construction segment growth are increasing infrastructure development and rising investment for residential & commercial buildings. Automotive segment is expected to grow at a moderate CAGR on account of rising disposable income of consumer as well as increasing demand for personal vehicles.
Ethylene Dichloride Market Regional Analysis:
Asia Pacific is estimated to be the largest market for ethylene dichloride followed by Europe and North America on account of increasing demand from construction, automotive, and medical among others. Developing countries such as India, China, Vietnam, Thailand, and Malaysia are the fastest growing market for ethylene dichloride, and is predicted to grow at the same pace in the near future. North American market is predicted to witness a substantial growth with U.S. and Canada being major contributors due to the growth of various end use industries such as packaging, medical and furniture sector. Europe is estimated to witness a steady growth over the assessment period due to increasing demand for ethylene dichloride in construction sector, specifically in Germany, Spain, and the UK.
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