Market Research Future (MRFR) proclaims that the global ethylene dichloride market is predicted to garner a striking CAGR during the forecast period (2017-2023). Continuous growth in the automotive sector is highly favoring the market growth across the globe. Also termed as 1, 2-dichloroethane, ethylene dichloride is a chlorinated hydrocarbon, which is a clear, colorless liquid with a sweet odor. This hydrocarbon is manufactured by reacting ethylene with chlorine, which is cracked to produce vinyl chloride monomer. It is also used in the production of industrial and consumer products and finds application in several end-use industries like automotive, construction, medical, packaging, furniture, and others.
June 21, 2018: TechnipFMC has recently declared that it has signed a cooperation agreement with OxyVinyls in order to provide licensing support of OxyVinyl’s Vinyl Chloride Monomer and Ethylene Di-Chloride technologies.
The prominent players operating in the ethylene dichloride market comprises Axiall Corporation (U.S.), Punjab Chemicals & Crop Protection Limited (India), The Dow Chemical Company (U.S.), Olin Corporation (U.S.), PT Asahimas Chemical (Indonesia), PPG Industries (U.S.), Westlake Chemical Corporation (U.S.), Occidental Petroleum Corporation (U.S.), Horizon Chemical Industry Co. Ltd (China), Formosa Plastics Corporation (U.S.), and others.
Ask for Free Sample Now @ https://www.marketresearchfuture.com/sample_request/2509
Market Potential and Pitfalls:
The global ethylene dichloride market is anticipated to expand at breakneck speed owing to the rapid urbanization, continuous growth in the automotive sector, rising per capita disposable income. The surging use of flexible and rigid packaging has increased the demand for ethylene dichloride worldwide. The increasing consumer awareness associated with the maintenance of vehicles is likely to create a demand for ethylene dichloride during the appraisal period. There is a noticeable growth in the demand for lightweight commercial and passenger vehicles which have fueled the demand for automotive production, thereby raising the ethylene dichloride-based products. Moreover, the growing investment in the construction activities like hospitals, schools, colleges, and stadium, coupled with the expanding furniture sector especially in the emerging nations is predicted to trigger the demand for ethylene dichloride in the coming years.
The increased application of PVC resins is likely to shape the ethylene dichloride market globally. PVC or polyvinyl chloride is considered the third-largest plastic both in terms of consumption and production and find application in flooring, pipes & fittings, films and sheet, wires and cable, and others. Ethylene dichloride is used as a chief raw material in the production of PVC which is estimated to trigger its demand worldwide.
On the contrary, the volatile emissions and toxic nature of ethylene dichloride are estimated to vitiate the market growth across the globe. The toxic nature causes drunkenness and nausea in human beings which creates a negative impact on the environment. Moreover, the government has implemented strict mandates on the consumption of ethylene dichloride which is likely to dampen its growth in the long run.
Global Ethylene Dichloride Market: Segmental Analysis:
The global ethylene dichloride market has been segmented on the basis of application and end-use industry.
By mode of application, the global ethylene dichloride market has been segmented into ethylene amines, vinyl chloride monomer, and others.
By mode of end-users, the global ethylene dichloride market has been segmented into automotive, construction, furniture, packaging, medical, and others. Among these, the construction and automotive sector are estimated to expand at a significant rate owing to the increased utilization of PVC products in these sectors.
Browse Full Details of Ethylene Dichloride Market Report https://www.marketresearchfuture.com/reports/ethylene-dichloride-market-2509
Geographically, ethylene dichloride market span across regions namely, Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.
Considering the global scenario, the Asia Pacific region is predicted to expand at the highest rate owing to the surging automotive as well as the construction sector. The demand for the product is estimated to trigger in several nations like China, Bangladesh, Vietnam, India, Malaysia, Thailand, Japan, and South Korea due to the surge in the middle-class population coupled with the continuous growth in the purchase of new passenger cars and heavy-duty vehicles. With the advancements in technology coupled with the high adoption rate, the market is likely to prosper in this region.
Moreover, the increasing number of heavy-duty and lightweight vehicles on the road have contributed to the growth of the market. The high availability of inexpensive raw material and labor, strict regulatory framework, and low setup manufacturing cost are influencing the market to a large extent.
The European region is considered to expand at a significant rate owing to the presence of nations such as the Netherlands, Poland, Germany, Italy, the UK, Spain, Russia, and France. The growth is ascribed to the surging purchasing power of the consumers along with the increased expenditure on innovation. In this region, the U.K. and Germany have emerged as the prominent consumer market owing to the augmenting sales and production of the automotive sector. Moreover, the high investment in R&D activities has further propelled the market growth in this region.
The North American region is estimated to experience moderate growth owing to the high consumption potential, rising economic growth rate, and surging production capacities in this region. Countries such as Canada and the U.S.A. are considered to be a major contributor to the growth of the market. The U.S. occupies the largest share followed by Canada due to continuous growth in the pharmaceutical and packaging sectors.
LIST OF FIGURES:
FIGURE 1 Global Ethylene Dichloride Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis Of Global Ethylene Dichloride Market
FIGURE 4 Value Chain Of Global Ethylene Dichloride Market
FIGURE 5 Share Of Global Ethylene Dichloride Market In 2016, By Country
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar