Ethylene Dichloride Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of ethylene dichloride market by application (agricultural chemicals, chemical intermediate, chemical solvents, and vcm/pvc raw materials production), end use industry (automotive, medical, construction, furniture, and packaging) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the ethylene dichloride market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global ethylene dichloride market are Bayer AG, Dow DuPont Inc., Formosa Plastics Corporation, INEOS Group Ltd, LG Chem Ltd., Occidental Chemical Corporation, Reliance Industries Limited, Saudi Aramco, Solvay SA, Westlake Chemical, and Other companies. The global ethylene dichloride market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
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Ethylene Dichloride Market: Drivers, Restrain and Opportunities
The growth in the PVC market is expected to drive the growth of the ethylene dichloride market as over 95% of the output of the ethylene dichloride is used in the PVC industry. The major end-user applications of PVC are in the construction industry, and the growth in the construction sector is likely to drive the growth in the global ethylene dichloride market over the forecast period. Moreover, fluctuation in the demand in the PVC market has a direct influence on the growth of the ethylene dichloride market. Hence these two factors act as a major restraining factor in the growth of the EDC market.
Moreover, health issues associated with EDC such as inhaling ethylene dichloride could give respiratory ailments, nausea, and it can affect the liver, kidney, and central nervous system. This factor further, hampers the growth of the market. Besides, using bio-ethylene made from bio-ethanol can reduce the dependence of the industry on fossil fuels for feedstock. Furthermore, with the usage of bio-ethylene, the emissions of Greenhouse gas are likely to be considerably less during the EDC manufacturing process and it is expected to help the market to comply with the environmental regulations in many countries.
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North America Region has Accounted for the Highest Market Share in the Ethylene Dichloride Market
As per the geographies, North America region has accounted for the highest market share in the ethylene dichloride market. Moreover, the ethylene dichloride manufactured in the US is expected to cost lesser, as majorly it is manufactured from cheaper ethane produced by the shale gas industry. Asia-Pacific region is expected to second the highest region in the EDC market. The growth in the region is attributed to the presence of the new large projects in the ethylene dichloride market in this region. The demand in the developing countries in the Asia-Pacific region is expected to drive growth in the global market.
Ethylene Dichloride Market: Segmentation
The report on global ethylene dichloride market covers segments such as application, and end use industry. On the basis of application, the sub-markets include agricultural chemicals, chemical intermediate, chemical solvents, and VCM/PVC raw materials production. On the basis of end use industry, the sub-markets include automotive, medical, construction, furniture, and packaging.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the ethylene dichloride.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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