Ethylene dichloride is being in increasingly utilized as a chemical intermediate in the production of vinyl chloride monomer. Hence, rise in the demand for vinyl chloride monomer from varied end-use industries globally is prognosticated to lead to the expansion of the global ethylene dichloride market during the forecast period, 2021-2031.
An upcoming assessment by Transparency Market Research (TMR) offers 360-degree analysis of major facets impacting the growth curve of the global ethylene dichloride market. Hence, the report covers complete assessment of market drivers, present, historical, and potential trends, challenges, and investment avenues in the market for ethylene dichloride.
TMR analysts have performed segmentation of the ethylene dichloride market on the basis of several crucial parameters including application, type, and region. This segmentation helps readers in gaining the industry knowledge with ease. Based on types, the ethylene dichloride market is segmented into seven sections, namely, trichloroethylene (TCE), polyvinyl chloride (PVC), vinylidene chloride, trichloroethane, perchloroethylene (tetrachloroethylene), ethylene amines, and hexachlorophene.
Ethylene dichloride finds application in a wide range of purposes such as degreaser and paint remover, dry cleaning, and vinyl chloride monomer production. Rise in the demand for ethylene dichloride by vinyl chloride monomer producers across the globe is resulting into revenue-generation opportunities in the global market.
Ethylene dichloride is being increasingly utilized in different applications including consumer goods and industrial production activities owing to their eco-friendly nature. Hence, increase in the consumer inclination toward environmental-friendly products is projected to favor the sales growth of the global ethylene dichloride market during the forecast period.
Ethylene dichloride is gaining traction among a wide range of end-users owing to varied properties it demonstrates including good temperature resistance, hardness, and high tensile strength. Hence, there has been a rise in the product application in broad range of end-use industries including automotive, packaging, construction, and furniture. This factor is leading to revenue-generation opportunities in the ethylene dichloride market. Moreover, the market is being driven by rise in the use of ethylene dichloride as paint remover and degreaser.
The global ethylene dichloride market seems to be moderately fragmented in nature. The existence of several global and local players shows that the competitive landscape of the market for ethylene dichloride is highly intense. Hence, companies operating in this market are executing varied strategic moves in order to maintain their prominent positions.
Mergers, acquisitions, joint ventures, partnerships, regional expansions, and collaborations are some of the crucial strategies utilized by companies operating in the global ethylene dichloride market. In addition, enterprises are increasing investments in R&D projects in order to improve the quality of the products they offer. Moreover, they are also indulging in new product launches. Such efforts are prognosticated to help in the rapid expansion of the global ethylene dichloride market in the years ahead.
The list of key players in the global ethylene dichloride market includes:
In terms of region, the global ethylene dichloride market shows existence in many regions such as Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Among all, North America is expected to maintain its leading position in the market for ethylene dichloride. This growth is ascribed to many factors including rise in the production of ethylene dichloride, increased use of plastic products by regional population, and surge in the house renovation activities in the region.