The global Dichloroethane EDC market size is expected to be valued at US$ 7.3 billion by 2028, growing at a CAGR of 3.1% during the forecast period. The Asia Pacific and Middle East & Africa regions are poised for high growth rates over the next decade. The projected rise in demand from these regions can be attributed primarily due to increased investments in construction projects as well as other infrastructure developments across various developing countries such as India and China.
Dichloroethane EDC is a chemical compound that belongs to the group of organic compounds classified as chlorocarbons. It has an odorless, colorless, and non-flammable liquid form with a boiling point at 120°C. This substance is mainly used in commercial applications such as solvents for metal extraction processes, spraying insecticides, degreasers, and others. Dichloroethane EDC also plays a significant role in manufacturing vinyl chloride monomer which acts as raw material for the plastic production process.
On the basis of Type, the market is segmented into vinyl chloride monomer, tetraethylenepentamine, and others.
Vinyl chloride monomer is a chemical compound that acts as raw material for the production of plastic. Vinyl chloride monomer also plays a significant role in manufacturing polyvinylpyrrolidone (PVP), which acts as the precursor to produce PVC (polyvinylchloride). PVK is a polymerization agent responsible for making tough plastics like vinyls from less costly hydrocarbons or other substances; it's better known by its trade name "Saran".
Tetraethylenepentamine is a synthetic chemical compound that acts as an ethylenic diamine. It also has the capability to act as a monomer in various plastics manufacturing processes, such as vinyl chloride monomer (VCM) and polyvinylpyrrolidone (PVP). Tetraethyelene pentamine is used for the production of PVC which is widely used in the construction industry due to its properties like durability, flexibility, resistance against corrosion, etc.
On the basis of Application, the market is segmented into PVC Market, Construction Industry, and others. EDC is widely used in the PVC Market, which accounted for the largest proportion of demand share followed by the Construction Industry and Others respectively. The global construction market has been witnessing significant growth over the years owing to various factors such as increasing population, urbanization, rising disposable incomes, and decline in interest rates, etc. Moreover, there are other factors like climate change which have also led to an increased need for buildings that can withstand extreme weather conditions. Outgrowing GDP along with rapid industrialization across developing economies will provide an impetus towards lucrative opportunities for the Dichloroethane EDC market in Construction Industry. It is expected that the current economic slowdown would have an impact on this industry only marginally and going forward, it will grow on a healthy trajectory owing to its increasing application scope.
On the basis of Region, the market is segmented into North America, Latin America, Europe, and Asia-Pacific. In 2017, Asia Pacific held a dominant share in the global market for Dichloroethane EDC. The regional growth is attributed to the increasing demand for building materials owing to rapid industrialization across developing economies such as China and India. North American Market is expected to be the second-fastest-growing market in terms of volume. The growth is primarily attributed to increasing demand for construction materials as well as affordable housing facilities owing to the economic slowdown in other regions and stringent regulations pertaining to energy efficiency thereby leading towards costlier homes.
The global Dichloroethane EDC market is witnessing a number of challenges owing to increasing environmental concerns. Stringent regulations and the cost involved in complying with them are expected to have an adverse impact on segments such as PVCs and the construction industry. Apart from this, stringent emission norms for countries such as China may also pose hurdles for the growth of these markets in future years. Furthermore, there is a lack of trained personnel who can install new technologies leading towards high installation costs related to equipment used by suppliers which would be passed onto customers at later stages thereby impacting the market's prospects over time.
Up Market Research published a new report titled “Dichloroethane EDC Market research report which is segmented by Types (Vinyl Chloride Monomer, Tetraethylenepentamine, Others), By Applications (PVC Market, Construction Industry), By Players/Companies Dow Chemical, Occidental Chemical, SolVin, Formosa Plastics, INEOS”.
|Report Attributes||Report Details|
|Report Title||Dichloroethane EDC Market Research Report|
|By Type||Vinyl Chloride Monomer, Tetraethylenepentamine, Others|
|By Application||PVC Market, Construction Industry|
|By Companies||Dow Chemical, Occidental Chemical, SolVin, Formosa Plastics, INEOS|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||226|
|Number of Tables & Figures||159|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Vinyl Chloride Monomer, Tetraethylenepentamine, Others and By Application PVC Market, Construction Industry.
Some of the companies that are profiled in this report are:
Dichloroethane EDC Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Dichloroethane EDC Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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