Press Release / Business / Ethylene Dichloride Market Size, Industry Share, Demand, Suppliers and Forecasts 2023

Ethylene Dichloride Market Size, Industry Share, Demand, Suppliers and Forecasts 2023

Synopsis of 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.
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Key Players:

Olin Corporation
Formosa Plastics Corporation
Westlake Chemical Corporation
PPG Industries
Occidental Petroleum Corporation
PT Asahimas Chemical
Punjab Chemicals & Crop Protection Limited
Horizon Chemical Industry

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 Market 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.
Intended Audiences:

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