Ethylene Dichloride Market Overview -
Ethylene Dichloride can be defined as a chlorinated hydrocarbon. The product is colorless and carries a sweet smell. It can find application as a chemical intermediate for the manufacturing of vinyl chloride monomer. Market Research Future (MRFR) has made an analysis of the market for its report and included several factors that can have impact on the global market.
Major traction provider for the market for ethylene dichloride market would be hike in disposable income, rapid urbanization, and robust growth of the automotive sector. The forecast period of 2021 to 2030 would witness significant participation from various market players who would take the automotive sector higher and, consequently, would spur the ethylene dichloride market growth. People investing in passenger cars is increasing in numbers. This is due to a hike in the per capita income. Several other features like maintaining social status, hike in the construction business, better intake of the furniture segment, rise in the packaging industry, are some of the major reasons that can influence the global market for ethylene dichloride considerably.
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A lot of companies are making a substantial impact on the global market for Ethylene Dichloride. MRFR analyzed them to get close to better analysis and reveal various insights that can be handled better in the coming years. These companies are Ethylene Dichloride Market are Olin Corporation (U.S.), Formosa Plastics Corporation (U.S.), Westlake Chemical Corporation (U.S.), Axiall Corporation (U.S.), Occidental Petroleum Corporation (U.S.), PPG Industries (U.S.), The Dow Chemical Company (U.S.), PT Asahimas Chemical (Indonesia), Horizon Chemical Industry Co. Ltd (China), Punjab Chemicals Crop Protection Limited (India), and others. These companies are launching various strategic moves like merger, acquisition, and others as a significant method to inspire the market in the coming years.
In September 2019, Tosoh Corp. announced that they have come up with a new process to manufacture ethylene dichloride from ethylene using a new oxo catalyst in the oxychlorination process. Other ingredients like HCl and O2 are also used for the vinyl chloride monomer (VCM) manufacturing process.
Ethylene Dichloride Market Analysis
The process further finds significant inclusion in the manufacturing of polyvinyl chloride (PVC). The compound finds significant market traction in various ends user industries like furniture, automotive, construction, medical, packaging, and others. Ethylene Dichloride has gained commercial significance due to its exceptional lightweight and insulating properties. Balsa wood is amid the most preferred core materials in the structural sandwich panel and in applications such as aircraft, boats, and wind turbine blades. As this wood has a low density, it is the lightest commercial timber that is available in the market. This wood has a spongy texture that makes it soft and light. It is used to make makeshift pens for calligraphy and in laminates with glass-reinforced plastic fiberglass to make ship decks, high-quality balsa surfboards, and building boats like pleasure crafts.
Various factors are adding to the global Ethylene Dichloride Market growth. These factors, as per the new MRFR report, include low wood density making it the lightest commercial timber, burgeoning demand for weight saving composite for increasing land transport efficiency, booming marine sector, growing defense activities, and expanding wind turbine industries. Additional factors adding market growth include its excellent properties for which it has wide applications in various industries such as wide operating temperature range, excellent fatigue resistance, good thermal and sound insulation, high impact strength, versatility, and strength.
Market Boosters and Challenges -
On the other hand, fluctuations in the interrelated market such as cotton, wool, nylon, and silk can have a plummeting impact on the growth of the Ethylene Dichloride Market. The long-standing problem of poor dye fixation is expected to remain a bottleneck to the growth of the Ethylene Dichloride Market. Pollution is caused during the dyeing process which can be harmful effects on human beings such as respiratory problems, skin sensitization and, in extreme cases, carcinogenicity. Moreover, reactive dyes are difficult to eliminate in biological wastewater treatment plants due to the presence of halogens and chromophores. Stringent regulations set by regulatory bodies also present a host of challenges to the market growth. However, the development of new generation, bio-based dyes, produced with safer intermediates which reduce human toxicity and introduction of environmentally friendly dyeing procedures are likely to present growth opportunities to the global Ethylene Dichloride Market.
Ethylene Dichloride Market are increasingly being used as dispersing agents in line with the surging uptake of paints as well as industrial coatings. Tridecyl alcohol ethoxylate will witness robust sales in the coming years, given its escalating application scope in the building construction sector. Moreover, the impressive stabilizing property renders these products ideal for use as wetting agents, which can mean substantial market growth in subsequent years.
Industry News -
Lightwood composite manufacturers prefer using balsa wood as their core for manufacturing wooden toys and furniture. For instance, Green Dot Bioplastics is using balsa wood with other materials to produce composites for architectural purposes. Another instance includes 3A Composites AG which has acquired Forest Stewardship Council (FSC) certification for its products – AIREX, BANOVA, and BALTEX. These composites can be used in producing semi-finished goods.
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Segment Study of Ethylene Dichloride Market-
The global Ethylene Dichloride Market, as per the report launched by MRFR, can be segmented by application and end use industry.
By application, the market report for Ethylene Dichloride can be segmented into ethylene amines, vinyl chloride monomer, and others.
By the end use industry, the market report on Ethylene Dichloride can be segmented into medical, automotive, construction, furniture, packaging, and others. The automotive sector is expected to make significant growth in the coming days.
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Ethylene Dichloride Market - Geographical Analysis
Asia Pacific region dominates the global ethylene dichloride market. The largest Ethylene Dichloride Market share attributes to the rising demand for PVC materials that are extensively used across end-use industries. Additionally, the increasing production of lightweight and heavy-duty automotive parts led by the demand to increase fuel efficiency in commercial vehicles consumes a massive amount of EDC materials. Also, the raw material advantage in the region results in increased numbers of EDC production plants, attracting foreign investors.
Furthermore, the high adoption of advanced technologies in the region propels the growth of the market. The market demand is predicted to surge in various APAC countries such as Bangladesh, China, Vietnam, Japan, Thailand, Malaysia, South Korea, and India, on account of increasing per capita income and the continuous growth in the sales of passenger cars heavy-duty vehicles.
Europe stands second in the global ethylene dichloride market. The growth in the market is predominantly driven by the growing automotive production sales and the huge investments in RD activities. Moreover, the rising expenditures in innovation, alongside the increasing purchasing power of demographics in the region, drive the growth of the market.
The demand for ethylene dichloride is anticipated to grow in countries like Poland, the Netherlands, Italy, Germany, Spain, the UK, France, and Russia. However, Germany and the UK have emerged as important consumer markets for EDC in the region.
The ethylene dichloride market in North America is growing at a moderate CAGR. Factors such as the high consumption potential and rising production capacities in the region foster the market growth. Besides, the increasing economic growth rate in the region allows the market to hold a prominent position in the global EDC market. North American countries such as the US and Canada are among the major contributors to regional growth.
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