“We have produced a new premium report Ethylene Dichloride Market. The report covers the analysis of global as well as regional markets of Ethylene Dichloride. The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. The report also deep dives into the sub-segments of Ethylene Dichloride Market by applications (agricultural chemicals, chemical intermediate, chemical solvents), types (catalyst law, chlorination and direct synthesis), and process (Catalyst law, Chlorination, Direct synthesis) through main geographies in the global market such as North America, Europe, Asia-Pacific and RoW. The global ethylene dichloride market is expected to grow at a CAGR between 3.0% and 3.5% from 2017 to 2023.
The report covers market changing dynamics including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Ethylene Dichloride Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Ethylene Dichloride Market are Bayer AG, Dupont, Formosa Plastics, INEOS Group Ltd, LG Chem Ltd, Occidental Chemical Corporation, Reliance Industries, Saudi Aramco, Solvay SA, and The Dow Chemicals.”
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Growing PVC market is expected to boost the growth of the overall market of ethylene dichloride
Ethylene Dichloride is a chlorinated hydrocarbon. Ethylene Dichloride is a colorless liquid, which has an odor similar to that of chloroform. The most common use of Ethylene Dichloride is in the the production of vinyl chloride, which is used to make PVC pipes, wall coverings and automobile parts. The major end use application of PVC are in the construction industry and the growth in the construction industry is anticipated to be the factor driving the growth of the Ethylene Dichloride market. Additionally, continuous growth in automotive sector regarding the maintenance is expected to fuel the growth of the market over the forecast period. However, the price of ethylene dichloride is dependent upon the prices of crude oil hence, the fluctuations in the prices of the crude oil is expected to restrain the growth of the Ethylene Dichloride market. On the other hand, toxic nature and volatile emissions offered by the products are having negative impact on the growth of the Ethylene Dichloride market. Moreover, advanced resins developed with the help of Ethylene Dichloride as a major raw material are expected to provide huge growth opportunities for the key players in the market. Paramount environment concerns are shifting their focus from heavy metals to low density materials. Some of the company’s manufacturing Ethylene Dichloride includes Gendorf, Dow Chemicals, Henan Furuidi Chemical Industry Co. Ltd. Asahi the tokoyo based glass manufacturer acquired vinythai Company that was established to carry on the production and distribution of PVC and Caustic Soda. Vinythai is the second biggest maker of polyvinyl chloride.
Asia-Pacific the fastest growing regional market during the period of study
Among the Geographies, Asia Pacific is expected to be the largest region of Ethylene dichloride market followed by Europe and North America. Due to the higher growth in building in construction industry, the leading demand for poly vinyl chloride is increased significantly in Asia Pacific region. North America is expected to witness moderate growth due to rising production capacities and increased economic growth rate.