In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
Request InsightsPurchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively. Request Insights
Ethylene dichloride is the common name of the 1,2dichloroethane. It is a chlorinated aliphatic hydrocarbon. Basically it is colourless liquid with chloroform odour. It is widely used as an intermediate in the production of vinyl chloride which further undergoes for the polymerization to manufacture polyvinyl chloride. Due to its excellent properties such as good temperature resistance, high tensile strength, hardness and others, it has various applications in numerous end use industries such as automotive, packaging, medical, furniture, construction and others. It is worthy polar aprotic solvent used as degreaser and paint remover.
Global ethylene dichloride market is anticipated to flourish at a CAGR of 5% over the forecast period i.e.2017-2027. Moreover the market of ethylene dichloride is expected to reach 58 million tons by the end of 2027. The major application of ethylene dichloride is in manufacturing of the PVC which has large numerous end user application in various sector such as automotive, construction, plastic and others. This factor is likely to drive the growth of the global ethylene dichloride market during the forecast period.
Asia Pacific is the major regional market of ethylene dichloride market is expected to grow at highest CAGR over the forecast period. PVC has major application in automotive and construction sector. The growing demand for the PVC product in Asia’s countries such as India, China due to presence of new large number of project is expected to bolster the growth of the global ethylene dichloride market during the forecast period. Further, North America is prominent market of ethylene market is expected to witness of high growth rate over the forecast period. The US is one of the largest producers of ethylene dichloride in this region which drives the North America market in upcoming years. Factor such as rising house renovation and utilization of plastic product in this region is anticipated to garner the growth of the global ethylene dichloride market in upcoming years.
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The ethylene dichloride market has been segmented by application such as food beverages, oil refining, rubber industry, dyes industry, pesticide industry, and others out of which oil refining, and food beverages is anticipated to account for the largest market share in overall ethylene dichloride market over the forecast period.
Our in-depth analysis has segmented ethylene dichloride market into the following segments:
Ethylene dichloride market is further classified on the basis of region as follows:
Increasing utilization of PVC product in automotive and construction sector is the key factor which drives the growth of the ethylene dichloride market across the globe. Furthermore, innovative resin produced with the utilization of the ethylene dichloride as raw material is likely to garner the EDC production. Moreover, several big companies also pay more focus in the ethylene dichloride and investing in this field. These market activities are opening a gateway of opportunities for the growth of the ethylene dichloride market and expected to bolster the
Apart from this, ethylene dichloride finds their use in several applications in plastics industries pharmaceutical, automotive, and construction. These factors are expected to positively impact the growth of ethylene dichloride market during the forecast period. As population is increasing worldwide the demand of the plastic product is also rising which is predicted to foster the growth of ethylene dichloride market across the globe.
In contrast, EDC is toxic and high flammability compound. Further it is petroleum product cost of EDC directly depend on the price of the crude oil which is anticipated to dampen the growth of the ethylene dichloride market during the forecast period.
Overview of the Parent Market
Analyst View
Segmentation
The ethylene dichloride market is segmented as follows:
Market Dynamics
Supply & Demand Risk
Competitive Landscape
Porter’s Five Force Model
Geographical Economic Activity
Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio
Recent Trends and Developments
Industry Growth Drivers and Challenges
Key Information for Players to establish themselves in current dynamic environment
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