An Incisive, In-depth Analysis on the Ethylene Dichloride Market
This study offers a comprehensive, 360 degree analysis on the Ethylene Dichloride market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Ethylene Dichloride market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Ethylene Dichloride Market – Key Research Findings
Global ethylene dichloride market value in 2017 - Nearly US$ 16 Bn
Ethylene dichloride market estimated to expand at a 3.7% value CAGR over 2018-2028
East Asia and North America are poised to remain most lucrative markets for ethylene dichloride (EDC) manufacturers
North American market for ethylene dichloride is driven by strong presence of major manufacturers of polyvinyl chloride (PVC), such as Solvay, Shin-Etsu Chemical, and Axiall Corporation.
Ethylene dichloride consumption rate within North America is considerably high.
East Asia is also projected to grow at a healthy CAGR through 2028 owing to rapid industrialization, particularly in China
Vinyl chloride monomer likely to remain a prominent segment in the global ethylene dichloride market
The demand for PVC has been increasing, primarily driven by the thriving construction industry.
Increasing acceptance and execution of ‘smart city’ concept will further boost PVC consumption.
Oxy chlorination production process is most favoured for ethylene dichloride production
In a bid to reduce harmful emissions from EDC production as well as ensure high accuracy, the oxy chlorination process has gained preference over the conventional direct chlorination production process.
Top 3 Factors Shaping the Ethylene Dichloride Market
Increasing Applications of PVC Resins to Drive Demand for Ethylene Dichloride
Poly Vinyl Chloride (PVC) is the third largest plastic in terms of production and consumption. PVC finds a wide range of applications in pipes & fittings, flooring, wires, power & signal cables, films and sheet, and other applications. In terms of PVC or vinyl chloride monomer production, ethylene dichloride is used as one of chief raw materials, which in turn is expected to drive the demand for ethylene dichloride at a healthy growth rate.
Upsurge in Demand for Gasoline to Complement Ethylene Dichloride Market Growth
While the oil industry has been slated for steady growth owing to the increasing demand for gasoline and fuels, vendors have been concentrating on expansion of refinery capacities to cater to rising demand for crude oil products. Conventionally, ethylene dichloride is used as a lead scavenger in petrol and as a result, an increase in petrol or gasoline demand is expected to fuel the ethylene dichloride demand in the near future.
Stringent Regulations Dictate Production and Consumption of Ethylene Dichloride
Attributing to the toxic nature of ethylene dichloride, it causes nausea and drunkenness in humans and also creates a negative impact on the environment. Thus, government authorities have implemented strict rules and regulations on the consumption pattern of ethylene dichloride.
For instance, ethylene dichloride is included under the Clean Air Act, section 112(b) List of Hazardous Air Pollutants regulated by the U.S. Environmental Protection Agency. Thus, stringent environmental regulations on ethylene dichloride are expected to hamper the global market in the near future.
Ethylene Dichloride Market Structure Analysis
The ethylene dichloride market is highly fragmented as a large number of smaller players exist in the competitive landscape, besides established international companies.
Tier 1 & tier 2 companies hold more than half the market share, according to FMI’s report.
Key vendors of the ethylene dichloride market include Occidental Chemical Corporation, Formosa Plastic Corporation, Olin Corporation, Vynova Group, Tosoh Corporation, and SABBIC among others.
While most of the key players maintain strategic emphasis on North American and East Asia markets, research highlights that the environmental regulations on ethylene dichloride have negatively impacted the market position of a few players
Over the past few years, the captive consumption rate of ethylene dichloride has increased due to the increasing number of PVC production plants across EDC players
In 2017, Olin Corporation signed an agreement with The NRC Group for the distribution of chemical products including ethylene dichloride, epoxy resins and curing agents for coating, civil engineering, adhesive and composite industries across Europe.
Global Ethylene Dichloride Market Report Description
This research study by FMI (Future Market Insights) on the global Ethylene Dichloride market offers a ten year forecast for the Ethylene Dichloride market for the forecast period 2018-2028. To estimate the market value of ethylene dichloride, we have considered FY2017 as the base year and market values have been estimated keeping in mind the trends, driving factors and key developments by industry participants.
Ethylene Dichloride Market: Introduction
Ethylene Dichloride has superior physiochemical properties and thus, it finds a wide range of applications across various end-use industries, such as polymer, textile, mining, adhesives and sealants. However, EDC is toxic in nature, due to which there are a number of regulations governing its usage.
This global Ethylene Dichloride market report consist of 23 sections that primarily elaborate market values. In the first section of global Ethylene Dichloride market report, we have discussed the key trends, key developments and market values in term of US$ and market volumes in term of kiloton.
Apart from that, we have also offered market share analysis by segments – production process, applications and regions. In the next / second section of the global Ethylene Dichloride market report we have provided the market taxonomy, market definition, definition by segments – production process & applications, chemical use tree of Ethylene Dichloride and production process overview of Ethylene Dichloride.
Next, in the third section of the global Ethylene Dichloride market report, we have included market viewpoints, including macroeconomic factors, PESTLE analysis, porter’s analysis, value chain analysis, list of distributors and manufacturers, import-export analysis of Ethylene Dichloride and supply-demand scenario of Ethylene Dichloride.
The fourth section of the global Ethylene Dichloride market report includes the global industry analysis by volume and value, along with pricing analysis by regions. Fifth section of the global Ethylene Dichloride market report includes qualitative as well as quantitative analysis of Ethylene Dichloride market by production process segment.
This Ethylene Dichloride market report focuses on analysing the market opportunities and getting a detailed understanding of the Ethylene Dichloride market. The Ethylene Dichloride market report elaborates on the regional analysis, market dynamics and competition landscape of the Ethylene Dichloride market for the next ten years i.e. 2018-2028.
Each section of the Ethylene Dichloride market report includes qualitative and quantitative assessment of the market on the basis of historical data or developments, facts and key opinions collected from various end-use industry participants through primary interviews, annual reports, newsletters, etc.
The report on the global Ethylene Dichloride market studies some of the major players in the Ethylene Dichloride market, such as Occidental Chemical Corporation, Formosa Plastic Corporation, Olin Corporation, Vynova Group, Tosoh Corporation, SABIC, Tokyo Chemical Industry Co., Ltd. PT Asahimas Chemical, Prochem, Inc. and ThyssenKrupp AG and among others.
The initial stage of the research study included the formulation of assumptions, which are necessary for primary and secondary research. Further stages of research involved triangulation of data collected from these two approaches. To analyse the market trends and opportunities for Ethylene Dichloride manufacturers, the global Ethylene Dichloride market has been segmented on the basis of production process, applications and regions.
For the analysis of Ethylene Dichloride consumption, we have considered FY 2017 as the base year. Basic data was collected from manufacturers’ annual reports, newsletters, public reports published by government as well as private agencies, World Bank’s sources, etc. Further, the collected data was validated through primary research techniques that involved manufacturers, distributors, end-user procurement agencies and regional representatives.
For final analysis of market data, we considered demand side as well as supply-side drivers and trends of various regional markets. We have forecasted the market data on the basis of key developments, regional trends and production – consumption scenario of Ethylene Dichloride. For the forecasting of market data, we have considered the historic data for the period 2013-2017.