The ethylene dichloride market is set for significant expansion, with an anticipated valuation of US$ 20,016.4 million by 2023. The market displays a considerable trend, featuring a CAGR of 3.7%, expected to endure until 2033. The consistent growth forecasts indicate that the global ethylene dichloride market will achieve an impressive valuation of US$ 28,785.48 million by 2033.
Key Market Trends and Highlights
| Attributes | Key Insights |
|---|---|
| Market Estimated Size in 2023 | US$ 20,016.4 million |
| Projected Market Size in 2033 | US$ 28,785.48 million |
| Value-based CAGR from 2023 to 2033 | 3.7% |
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The scope for global ethylene dichloride market insights rose at a 2.8% CAGR between 2018 and 2022. The ethylene dichloride market is anticipated to develop at a moderate CAGR of 3.7% over the forecast period from 2023 to 2033.
| Attributes | Details |
|---|---|
| Market Value in 2018 | US$ 16,763.6 million |
| Market Value in 2022 | US$ 19,288.9 million |
| CAGR from 2018 to 2022 | 2.8% |
By 2022, the market value escalated to US$ 19,288.9 million, indicating a Compound Annual Growth Rate (CAGR) of 2.8% over the four years. The growth was underpinned by a rising demand for polyethylene dichloride, fueled by technological advancements, expanding industrial applications, and collaborative efforts within the market.
The polyethylene dichloride market is poised for substantial expansion from 2023 to 2033, primarily driven by a surge in research activities and strategic collaborations among key industry players. The market is expected to experience a notable uptick in demand due to these initiatives, leading to a significant boost in market valuation.
The forecast from 2023 to 2033 indicates a sustained and accelerated growth trajectory for the polyethylene dichloride market. With an anticipated increase in demand driven by technological advancements, expanding industrial applications, and establishing strategic alliances, the market is expected to achieve remarkable valuation milestones, solidifying its position as a key player in the chemical industry.
Principal Consultant
The table below showcases CAGRs in the five countries spearheaded by the United States, China, the United Kingdom, Germany, and India.
CAGRs by 2033
| The United States | 3.6% |
|---|---|
| The United Kingdom | 3.5% |
| Germany | 3.2% |
| India | 4.7% |
| China | 5.6% |
The United States stands as a prominent pocket in the ethylene dichloride (EDC) market, boasting the presence of several renowned manufacturers with a 3.6% CAGR. The participation of key United States-based companies in capacity expansion strategies, exemplified by Formosa Plastics United States investment in a new reactor unit in Texas, underlines the country attractiveness in the global market.
In the United Kingdom, the ethylene dichloride market is poised for growth, primarily driven by the rapid expansion of the pharmaceutical and packaging sectors. The European market, where the United Kingdom is a crucial player, is estimated to expand at 3.5% CAGR. The increasing trend of online shopping in the United Kingdom is expected to boost the demand for plastic packaging, especially in the food and beverage sector, fueling the need for ethylene dichloride.
The ethylene dichloride market is anticipated to flourish, driven by the increasing demand for crude oil and government initiatives to meet end-use requirements in India, expanding at a CAGR of 4.7% by 2033. The trend is expected to persist, fostering the growth of the dimethylamino market in India.
Technological Advancements and Innovation in Germany Increases Sales
Germany, with its advanced technological landscape, plays a significant role in the ethylene dichloride market, rising at a CAGR of 3.2% by 2033. The country is known for emphasizing innovation and technology in the chemical industry. The ethylene dichloride market in Germany will likely benefit from ongoing research and development activities, contributing to the introduction of advanced production processes and applications.
China, renowned as a manufacturing powerhouse, plays a pivotal and strategic role in the global ethylene dichloride market with a CAGR of 5.6%. The nation expansive manufacturing sector, encompassing the production of plastics, chemicals, and various industrial goods, positions China as a critical driver of ethylene dichloride demand. The compound holds integral significance in manufacturing a diverse range of materials vital to these industries, reflecting its essential role in supporting China vast industrial landscape.
The continuous expansion of China manufacturing sector underscores the sustained demand for ethylene dichloride, further solidifying the country status as a critical player in the global market. As China continues to drive innovation and growth in various industries, ethylene dichloride remains indispensable, emphasizing the country central role in globalizing the ethylene dichloride market dynamics.
The table below highlights how vinyl chloride monomer is projected to lead the application market, expanding at a market share of 96% in 2023. The table further details how direct chlorination is anticipated to witness a market share of 61.2% in 2023.
| Category | Market Share in 2023 |
|---|---|
| Vinyl Chloride Monomer | 96% |
| Direct Chlorination | 61.2% |
The global ethylene dichloride market is set to experience a surge in demand, primarily driven by the leading application segment-vinyl chloride monomer (VCM), with a market share of 96% in 2023. The increasing conversion of VCM to polymeric PVC, fueled by health and safety considerations due to the former hazardous nature, is propelling the growth of the ethylene dichloride market. As the construction industry undergoes continuous expansion, driven by a surge in innovative city projects worldwide, the demand for PVC will escalate significantly. This, in turn, is poised to drive the adoption of ethylene chloride, establishing it as a critical component in producing essential materials for the construction sector.
The utilization of direct chlorination plays a pivotal role in shaping the dynamics of the ethylene dichloride market. Direct chlorination is an essential manufacturing process in ethylene dichloride (EDC) production, involving the direct reaction of ethylene with chlorine, with a market share of 61.2% in 2023. This method has become a cornerstone in the production chain due to its efficiency and direct synthesis capabilities, enabling the creation of a critical intermediate product.
Direct chlorination offers advantages such as high selectivity, yield, and cost-effectiveness compared to alternative methods, contributing significantly to the economic viability of ethylene dichloride production. The simplicity and efficiency of the direct chlorination process make it a preferred choice for many manufacturers, ensuring a streamlined and sustainable supply chain for ethylene dichloride.
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Many key ethylene dichloride manufacturers are inclined to invest significantly in innovation, research, and development practices to uncover increased applications of ethylene dichloride. With technology, players also focus on ensuring safety, quality, and customer satisfaction to captivate an increased customer base. Some of the latest developments include
| Attributes | Details |
|---|---|
| Estimated Market Size in 2023 | US$ 20,016.4 million |
| Projected Market Valuation in 2033 | US$ 28,785.48 million |
| CAGR Share from 2023 to 2033 | 3.7% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value in US$ million |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The ethylene dichloride market is expected to reach a valuation of US$ million in 2023.
Spain registered a market share of 4% in 2023.
The ethylene dichloride market is set to expand by a CAGR of 3.7% by 2033.
Vinyl Chloride Monomer (VCM) is preferred and is expected to rise to a market share of 96% in 2023.
Tosoh Corporation, Vynova Group, and SABIC are the key market players.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034
5.3.1. Vinyl Chloride Monomer (VCM)
5.3.2. Ethylene Amines
5.3.3. Other Solvents
5.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Production Process
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Production Process, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Production Process, 2024 to 2034
6.3.1. Direct Chlorination
6.3.2. Oxy Chlorination
6.4. Y-o-Y Growth Trend Analysis By Production Process, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Production Process, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Application
8.2.3. By Production Process
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.3.3. By Production Process
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Application
9.2.3. By Production Process
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.3.3. By Production Process
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Application
10.2.3. By Production Process
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.3.3. By Production Process
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Application
11.2.3. By Production Process
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.3.3. By Production Process
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Application
12.2.3. By Production Process
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Application
12.3.3. By Production Process
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Application
13.2.3. By Production Process
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Application
13.3.3. By Production Process
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Application
14.2.3. By Production Process
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Application
14.3.3. By Production Process
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Application
15.1.2.2. By Production Process
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Application
15.2.2.2. By Production Process
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Application
15.3.2.2. By Production Process
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Application
15.4.2.2. By Production Process
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Application
15.5.2.2. By Production Process
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Application
15.6.2.2. By Production Process
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Application
15.7.2.2. By Production Process
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Application
15.8.2.2. By Production Process
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Application
15.9.2.2. By Production Process
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Application
15.10.2.2. By Production Process
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Application
15.11.2.2. By Production Process
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Application
15.12.2.2. By Production Process
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Application
15.13.2.2. By Production Process
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Application
15.14.2.2. By Production Process
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Application
15.15.2.2. By Production Process
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Application
15.16.2.2. By Production Process
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Application
15.17.2.2. By Production Process
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Application
15.18.2.2. By Production Process
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Application
15.19.2.2. By Production Process
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Application
15.20.2.2. By Production Process
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Application
15.21.2.2. By Production Process
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Application
15.22.2.2. By Production Process
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Application
15.23.2.2. By Production Process
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Application
16.3.3. By Production Process
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Olin Corporation
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Occidental Chemical Corporation
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Formosa Plastics Corporation
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Tosoh Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Vynova Group
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. SABIC
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Westlake Chemical Corporation
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. ThyssenKrupp AG
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. PT Asahimas Chemical
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Prochem, Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
17.1.11. VESTOLIT GmbH
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
17.1.11.5.2. Product Strategy
17.1.11.5.3. Channel Strategy
17.1.12. Tokyo Chemical Industry Co., Ltd.
17.1.12.1. Overview
17.1.12.2. Product Portfolio
17.1.12.3. Profitability by Market Segments
17.1.12.4. Sales Footprint
17.1.12.5. Strategy Overview
17.1.12.5.1. Marketing Strategy
17.1.12.5.2. Product Strategy
17.1.12.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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