The global ethylene dichloride market is projected to reach a value of US$ 19.2 Billion by the end of 2022, exhibiting a moderate CAGR of 3.7% for the forecast period of 2022-2028. The market is expected to reach US$ 24.0 Billion by 2028. The rising application of ethylene dichloride in the production of other chemicals and materials as well as in the manufacturing of industrial and consumer goods is expected to fuel the market growth.

Increasing demand for Polyvinyl Chloride (PVC) resins for different usages like the production of plastic and flooring materials is a primary growth driver for the ethylene dichloride market. This is owing to the application of ethylene dichloride in the production of PVC.

Furthermore, the growing adoption of ethylene dichloride (EDC) as a lead scavenger in petrol will bode well for market demand over the forecast period. The rapid expansion of the oil and gas industry all over the world is expected to push manufacturers to concentrate more on the proliferation of their refinery capacities, which will foster market growth for ethylene dichloride.

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Competitive Landscape 

Olin Corporation, Occidental Chemical Corporation, Formosa Plastics Corporation, Tosoh Corporation, Vynova Group, SABIC, Westlake Chemical Corporation, Thyssenkrupp AG, PT Asahimas Chemical, Prochem, Inc., VESTOLIT GmbH, Tokyo Chemical Industry Co., Ltd, and others are some of the major organizations in the ethylene dichloride market that are profiled in the full version of the report.

Ethylene Dichloride Market By Category

Application:

• Vinyl Chloride Monomer (VCM)
• Ethylene Amines
• Other Solvents

Production Process:

• Direct Chlorination
• Oxy Chlorination

Regional Analysis

According to the latest reports by FMI, North America accounts for the major share of the global ethylene dichloride market, accounting for almost 36% of the overall market share in 2022. The regional market growth is propelled by the presence of multiple renowned ethylene dichloride manufacturers in the U.S. Several ethylene dichloride manufacturers are employing a capacity expansion strategy which is expected to supplement the regional market growth.

The Europe ethylene dichloride market is anticipated to account for 21.2% of the total market share by the end of 2022. This is owing to the rapid development of the pharmaceutical and packaging industries in the U.K. Rising trend of online shopping coupled with the evolving food and beverage sector is likely to fuel the packaging sector in the U.K. This will increase the demand for plastic packaging which in turn will supplement ethylene dichloride market growth in the U.K.