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Ethylene Dichloride (EDC) Market Size, Industry Share, & Growth Analysis, By Application (Vinyl Chloride Monomer, Solvent, and Others), and Regional Forecast, 2024-2032

Report Format: PDF | Published Date: Ongoing | Report ID: FBI108663 | Status : Upcoming

The global ethylene dichloride market size is expected to display notable growth during the forecast period of 2024-2032. The global EDC market is poised for strong growth due to surging demand for PVC resin in construction. Ethylene dichloride finds extensive use in the construction sector for manufacturing pipes, flooring materials, window frames and cables. In emerging economies infrastructure projects are growing rapidly which is increasing the demand for EDC boosting the market at a rapid pace.  In addition, EDC is used in production of various organic compounds including agricultural chemicals and other specialty chemicals. The continuous expansion of chemical industry is set to increase the demand for EDC over the forecast period.


Ethylene dichloride (or 1, 2 dichloroethane) is a chlorinated hydrocarbon. It is a colorless liquid with an odor similar to chloroform. It is commonly used as an industrial solvent for various applications due to its excellent solvent properties, low volatility and chemical stability. The most common use of EDC is in the production of vinyl chloride which is further used to make polyvinyl chloride (PVC) pipes, furniture and automotive parts.


Ethylene dichloride is a hazardous substance which has adverse effects on human health and the environment. Its production and disposal pose challenges in terms of pollution and waste management. Stringent environmental regulation and increasing awareness among consumers is increasing pressure on chemical manufacturers to reduce the adverse environmental impacts caused by EDC. These factors may restraint its ethylene dichloride market demand in near future.


Impact of COVID-19 on the Ethylene Dichloride Market


Coronavirus outbreak has impacted many industrial manufacturing activities and production including ethylene dichloride. Many sectors including automotive, construction, and furniture faced huge decline in its demand which has significantly lowered the sales of ethylene dichloride. During pandemic import export were totally halted across many borders which disrupted the supply chain of the ethylene dichloride market. This resulted in the unavailability of raw materials and shortage of labor that affected the overall production of ethylene dichloride. Moreover, automotive and construction industry gained momentum in year 2021 and recovered fully in 2022 fueling the demand for ethylene dichloride in respective years.


Segmentation Analysis














By Application



By Geography



 



  • Vinyl Chloride Monomer

  • Solvent

  • Others




  • North America (U.S. and Canada)

  • Europe (Germany, France, Italy, U.K., and Rest of Europe)

  • Asia Pacific (China, Japan, South Korea, India and Rest of APAC)

  • Latin America (Brazil, Mexico and Rest of LATAM)

  • Middle East & Africa (GCC, South Africa and Rest of MEA)



Key Insights


The report will cover the following key insights:



  • Key Emerging Trends – For Major Regions

  • Key Developments: Mergers, Acquisitions, Partnerships, and Others

  • Latest Technological Advancement

  • Insights on Sustainability

  • Porters Five Forces Analysis

  • Impact of COVID-19 on the Market


Analysis by Application


By application, the ethylene dichloride market is segmented into vinyl chloride monomer, solvent and others. As ethylene dichloride is a key raw material in the production of vinyl chloride monomer, it accounts for the significant share of the total demand. The main application of VCM is for the production of polyvinyl chloride (PVC) that is widely used in construction, electrical, automotive and packaging industry. This wide range of application will drive the demand for PVC material over the forecast period thus fueling the market growth of ethylene dichloride.


Regional ETHYLENE DICHLORIDE MARKET Analysis


Asia Pacific Held Largest Market Share Due to Major Investments in Infrastructure Development



Based on region, the ethylene dichloride industry is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the largest share of the ethylene dichloride market in the year 2022 and is poised to maintain its dominance during the forecast period. The growth is supported by countries such as China and India which are leading consumers of ethylene dichloride and are investing heavily in infrastructure development. Moreover, ethylene dichloride is widely used as solvent and cleaning agents for cleaning the metal surfaces due to its excellent solvent properties that are effective in removing oil, grease and other contamination from metal surfaces. Due to these factors EDC market is expected to propel in this region.


North America and Europe are expected to drive the market moderately over the forecast period. In textile and leather industry ethylene dichloride is widely used which is anticipated to drive the market in these region. The presence of key players contributes to drive the ethylene dichloride market in these region. The market in the Middle East & Africa region is expected to grow moderately during the forecast period.


Key Players Covered



  • Formosa Plastics Corporation

  • Occidental Petroleum Corporation

  • Vynova Group

  • Arihant Solvents and Chemicals

  • Hwatsi Chemical Pvt. Ltd.

  • Hanwha solutions

  • Westlake Chemical

  • Valco Group

  • SABIC

  • Meru Chem Pvt. Ltd.

  • Asahimas Chemical Company.


Key Industry Developments:



  • November 2020 - Vynova launched new circular-attributed PVC resin, this resin is produced using ethylene which is made from pyrolysis oil as feedstock.

  • December 2021 - Hanwha solutions announced to increase its ethylene dicloride (EDC) production capacity annualy at its Yeosu facility in South Korea.

  • December, 2019 - RIL signed a framework agreement with Abu Dhabi National Oil Company (ADNOC) to explore development of ethylene dichloride facility in Ruwais, Abu Dhabi. 

  • Global
  • 2022
  • 2019-2021
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