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

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