Ethylene Dichloride Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2028

 

Future Market Insights has published a new research study titled “Ethylene Dichloride Market: Global Industry Analysis 2013–2021 and Opportunity Assessment 2022–2028”. As per data cited in the report, the market value roughly equated US$ 19.2 Bn in 2022, which will reportedly grow at a modest 3.7% CAGR through 2028.

The overall Y-o-Y growth estimated for the global ethylene dichloride market will remain moderate, under-4% throughout the projection period, 2022-2028.

The study attributes the positive growth prospects of ethylene dichloride market to the increasing consumption of ethylene dichloride (EDC) across the chemical industry, which is further strongly supported by robust growth of infrastructural activities demanding volumes of ethylene dichloride for specialized applications.

According to FMI’s analysis, applications of ethylene dichloride will be prominent in polyvinyl chloride (PVC) or vinyl monomer chloride, generating high traction within the residential and commercial infrastructure.

  • Vinyl monomer chloride segment is estimated to hold more than a three-fourths market value share in the global market by the end of the forecast period.
  • Collectively, North America and East Asia are expected to hold more than half the value share of the global ethylene dichloride market.
  • In the East region, China is a prominent consumer of ethylene dichloride.

Chemical Industry Continues to Extend the Lion’s Share towards Ethylene Dichloride Market Growth

The global chemical industry is expected to exhibit strong growth over the next few decades, which is most likely to accelerate a shift from imports to domestic manufacturing bases, particularly in emerging economies. While developing regional markets continue to receive strong governmental support, the report opines that consumption of ethylene dichloride will continue to see a surge over the coming years.

Substantial volumes of ethylene dichloride are consumed as a solvent in the manufacturing of ethylene amines and in the fumigation production process. Thus, the growth of the chemical industry is expected to directly propel the growth of ethylene dichloride market.

Furthermore, growth of textile, adhesives, and mining industries will create high-potential opportunities for intermediates such as ethylene dichloride. Such organic growth across multiple end users of ethylene dichloride is projected to fuel the global ethylene dichloride market growth during the forecast period.

Click For More Info: https://www.futuremarketinsights.com/reports/ethylene-dichloride-market

Comments

Post a Comment

Popular posts from this blog

Infrared Imaging Market Current and Future Trends, Leading Players, and Regional Forecast By 2027

  Infrared Imaging Market  is rapidly growing in many enterprises. As many enterprises are using infrared imaging system for the security check, and surveillance of the enterprise important equipment. Initially infrared imaging is developed for military applications such as gun lights, binoculars and night vision camera’s, now it is used heavily in many commercial purpose due to its technology advancement. As closed circuit television (CCTV) camera technologies cannot give the proper detection of image in complete darkness, so Infrared imaging technology is used to detect the high-contrast image in complete darkness. Infrared imaging system can pass through smoke, dust, fog and even in the worst lighting conditions it can capture the image. Infrared Imaging Market: Drivers and Challenges The key driver growth for the infrared imaging market is rising demand in industrial and commercial use because of fast development in high speed infrared cameras with advanced features, and
Read more

Metal Deactivators Market Application, Region Wise Trend, Participants, analysis report 2027

  Metal deactivators are oil and fuel additives used as highly efficient solution to stabilize fluids by disabling the non-ferrous metal-ions. Metal deactivators reduces the negative effects in the lubricants such as corrosion and staining which is occurs mainly due to the oxidation process. To avoid this oxidation and metal contamination, special additives namely antioxidants are being used. However, cost of antioxidant chemicals is very high. Hence, for the reduction of the cost and usage of antioxidants, a very small quantity of metal deactivators are used. Selection of metal deactivators is also an important part, it is based on a number of factors including the metal to be protected, the base stock used, frequency of the application, length of time it needs to be effective and any additional properties needed for the application. The metal deactivator market is a very niche segment as compared to other additives; owing to its treat rate and its minute applications but this in
Read more

Minimally Invasive Lung Cancer Surgery Growth Analysis Report, Forecast to 2029

  The Minimally Invasive Lung Cancer Surgery holds nearly 10% of the US$ 12 Bn cancer surgery market in 2021. The global Lung Cancer Surgery Market was valued at US$ 1.23 Bn in 2021 and is expected to reach US$ 1.98 Bn by 2029, finds Future Market Insights (FMI) in a recent market survey. Lung cancer refers to the growth of abnormal cells in the lung tissue. Non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC) are the two major types of lung cancer. Treatment options for lung cancer usually includes various types of therapies such as chemotherapy, radiation therapy, immunotherapy, targeted drug therapy and surgery. Attempts to cure the disease with surgery involve the removal of the tumour, the surrounding lung tissue, and lymph nodes in the tumour area. Surgery is considered the treatment of choice for localized cancer, including carcinoid tumours. The rising level of air pollution in developing economies and the increasing research and development activities
Read more