Ethylene Dichloride Market Size Report, Industry Share, Analysis, Growth, 2030

Ethylene Dichloride Industry Prospective:

The global ethylene dichloride market size was evaluated at $20.11 billion in 2022 and is slated to hit $29.82 billion by the end of 2030 with a CAGR of nearly 7% between 2023 and 2030.

Request Free Sample

Ethylene Dichloride Market: Overview

Ethylene dichloride, which is also referred to as 1, 2-dichloroethane, is primarily utilized in vinyl chloride production. Furthermore, the product is utilized in closed systems for a slew of extraction & cleaning purposes in organic synthesis. Reportedly, the ethylene dichloride is also combined with leaded gasoline as a lead scavenger. Apart from this, it is also utilized as a dispersant in plastics and rubber as well as a penetrating & wetting agent. Moreover, it also finds lucrative applications in PVC cleaning, metal degreasers, and grain fumigant in textiles.

Key Insights

• As per the analysis shared by our research analyst, the global ethylene dichloride market is projected to expand annually at the annual growth rate of around 7% over the forecast timespan (2023-2030)
• In terms of revenue, the global ethylene dichloride market size was evaluated at nearly $20.11 billion in 2022 and is expected to reach $29.82 billion by 2030.
• The global ethylene dichloride market is anticipated to grow rapidly over the forecast timeline owing to the ample product use in pipes & fittings, wires and cables, flooring, films and sheets, and other applications.
• In terms of application, the vinyl chloride monomer segment is slated to register the highest CAGR over the forecast period.
• Based on the end-use industry, the automotive segment is slated to dominate the global industry expansion over the period from 2023 to 2030
• Region-wise, the Asia-Pacific ethylene dichloride industry is projected to register the fastest CAGR during the assessment timeline.

Request Free Sample

Ethylene Dichloride Market: Growth Factors

Escalating product penetration in gasoline & PVC products to spearhead market growth across the globe

Increasing demand for PVC and gasoline are the major drivers that are uplifting the global ethylene dichloride market growth. One of the plastics which are having the highest production and consumption is PVC. Moreover, it has ample usage in pipes & fittings, wires and cables, flooring, films and sheets, and other applications. The main component used for the production of PVC is ethylene dichloride which is ultimately boosting the global market expansion.

The rising number of research projects related to the production of eco-friendly products undertaken by governments of both developed as well as developing countries is likely to pave the way for humungous growth of the global market. The surge in gasoline demand is predicted to complement the growth of the global market. A prominent increase in the product demand in the automotive sector will proliferate the size of the global market. Firms are entering into joint ventures to expand their product portfolio, thereby steering the growth of the market globally.

For instance, in December 2021, Reliance Industries Limited and RSC Limited, an Abu Dhabi Chemicals Derivatives Company, formed a joint venture to invest $2 billion in the latter firm to operate its ethylene dichloride, PVC, and chlor-alkali production unit. Apart from this, SABIC Industries and Sinopec entered into a joint venture agreement for increased product manufacture at Tianjin's ethylene unit.

Ethylene Dichloride Market: Restraints

Growing hazards of products on human health can limit the global industry demand over 2023-2030

The factor that might hinder the global ethylene dichloride industry is the government regulations on the consumption pattern due to which it has side effects on health. For instance, inhaling ethylene dichloride could cause respiratory ailments and nausea, and it can also damage the kidney, liver, and central nervous system.

Ethylene Dichloride Market: Opportunities

Surge in globalization and rise in product penetration in PVC resins to open new growth horizons for the global market

A rise in industrialization along with the growing use of products in PVC resins is predicted to open new growth avenues for the global ethylene dichloride market.

Ethylene Dichloride Market: Challenges

Growing product toxicity of the VOC product can pose a huge threat to global industry expansion in the coming seven years

An increase in the toxic nature of the product owing to the high vapor pressure of the product can hinder the expansion of the global ethylene dichloride industry.

Ethylene Dichloride Market: Segmentation

The global ethylene dichloride market is sectored into application, end-use industry, and region.                                              

In application terms, the ethylene dichloride market globally is bifurcated into vinyl chloride monomer, ethylene amines, and other segments. Furthermore, the vinyl chloride monomer segment, which amassed nearly 65% of the global market revenue in 2022, is anticipated to register the fastest rate of annual growth over the forecasting timeline. The expansion of the segment during 2023-2030 can be due to the major use of ethylene dichloride in the production of vinyl chloride. Furthermore, vinyl chloride is used for the manufacturing of PVC which is used in windows, pipes, fittings, and automobile components.

Based on the end-use industry, the global ethylene dichloride industry across the globe is sectored into construction, automotive, packaging, furniture, medical, and other segments. Furthermore, the automotive segment, which gathered nearly half of the global industry earnings in 2022, is predicted to favorably impact the growth of the global industry even during the forthcoming years. The expansion of the segment during 2023-2030 can be due to the rise in the product used for producing automobile components such as automobile instrument panels and sheathing of electrical cables.

Ethylene Dichloride Market: Report Scope

Ethylene Dichloride Market: Regional Insights

North America is predicted to retain its monopolistic position in the global ethylene dichloride market growth over the forecast timeframe

North America, which contributed about two-thirds of the global ethylene dichloride market revenue in 2022, is likely to be a leading region over the forecast timespan. Moreover, the regional market expansion over the forecasting years can be subject to the rise in product penetration in the thriving automotive sector along with the presence of key manufacturers in countries such as the U.S.

The Asia-Pacific ethylene dichloride industry is set to record the fastest CAGR in the next couple of years. The growth of the industry in the sub-continent over the forecast timeframe can be attributed to a rise in the production of ethylene dichloride in countries such as India, Philippines, Indonesia, Bangladesh Thailand, and China. Moreover, flexible environmental laws in countries such as India, Indonesia, Thailand, and China will proliferate the size of the industry in the region in the coming decade.

Ethylene Dichloride Market: Competitive Space

The global ethylene dichloride market profiles key players such as:

• Bayer AG
• Tosoh Corporation
• Dow DuPont Inc.
• INEOS Group Ltd
• Westlake Chemical Corporation
• Formosa Plastics Corporation
• Solvay SA
• PT Asahimas Chemical
• Occidental Chemical Corporation
• Vynova Group
• Saudi Aramco Industries
• Prochem Inc.
• Reliance Industries Limited
• LG Chem Ltd.

The global ethylene dichloride market is segmented as follows:

By End-Use Industry

• Construction
• Automotive
• Packaging
• Furniture
• Medical
• Others

By Application

• Vinyl Chloride Monomer
• Ethylene Amines
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa