Dublin, July 22, 2024 (GLOBE NEWSWIRE) — The “Ethylene Dichloride – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Ethylene Dichloride is estimated at US$16.2 Billion in 2023 and is projected to reach US$20.8 Billion by 2030, growing at a CAGR of 3.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the ethylene dichloride market is driven by several factors. Advancements in EDC production processes are enhancing efficiency and reducing production costs, making EDC more accessible for various applications. The rising demand for PVC in construction, automotive, and electrical industries is significantly boosting the need for EDC as a key raw material. Increasing urbanization and infrastructure development in emerging markets are expanding the demand for PVC, thereby driving the EDC market.
Additionally, the implementation of stringent environmental regulations is encouraging manufacturers to adopt sustainable practices and cleaner production technologies, which, in turn, is propelling market growth. The development of integrated production facilities is also playing a crucial role in enhancing the market dynamics by improving operational efficiencies and reducing overall production costs.
Furthermore, strategic collaborations and partnerships among industry players are fostering innovation and expanding the application scope of EDC. These factors collectively are driving robust growth in the ethylene dichloride market, ensuring its critical role in the global chemical industry.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Vinyl Chloride Monomer (VCM) Application segment, which is expected to reach US$19.7 Billion by 2030 with a CAGR of a 3.8%. The Ethylene Amines Application segment is also set to grow at 2.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.4 Billion in 2023, and China, forecasted to grow at an impressive 6.2% CAGR to reach $4.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Formosa Plastics Group, Occidental Chemical Corporation, Olin Corporation, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 164 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $16.2 Billion |
| Forecasted Market Value (USD) by 2030 | $20.8 Billion |
| Compound Annual Growth Rate | 3.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- Global Economic Update
- Ethylene Dichloride – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing Environmental Regulations and Compliance Requirements Throws the Spotlight on Sustainable Practices
- Advancements in Ethylene Dichloride Production Propels Efficiency and Reduces Costs
- Expanding Applications in Vinyl Chloride Monomer (VCM) Manufacturing Spurs Demand
- Increasing Use in the Production of PVC Expands Addressable Market Opportunity
- Rising Investments in Petrochemical Industries Strengthens Business Case for Ethylene Dichloride
- Emerging Economies` Industrial Growth Accelerates Demand for Ethylene Dichloride
- Adoption of Advanced Catalysts in Production Processes Drives Efficiency and Output
- Innovation in Recycling Technologies Drives Adoption of Recycled Ethylene Dichloride
- Rising Demand for Chemical Intermediates in Various Industries Spurs Market Expansion
- Developments in Transportation and Logistics Enhance Supply Chain Efficiency
- Expansion of End-use Industries Such as Construction and Automotive Drives Market Growth
- Volatile Geopolitical Climate Generates Market Risks and Opportunities
- Advancements in Automation and Digitalization of Manufacturing Processes Propel Operational Efficiency
- Growing Demand for High-purity Chemicals in Pharmaceuticals Accelerates Market Demand
- Adoption of Cleaner Production Technologies Impact Cost and Sustainability
FOCUS ON SELECT PLAYERS
- Formosa Plastics Group
- Occidental Chemical Corporation
- Olin Corporation
- Prochem, Inc.
- PT. Asahimas Chemical
- SABIC (Saudi Basic Industries Corporation)
- ThyssenKrupp AG
- Tokyo Chemical Industry Co., Ltd.
- Tosoh Corporation
- VESTOLIT GmbH
- Vynova Group
- Westlake Chemical Corporation
For more information about this report visit https://www.researchandmarkets.com/r/f36ska
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- Global Ethylene Dichloride Market
