BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Ethylene Dichloride (EDC) Market size by value at USD 31.73 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Ethylene Dichloride (EDC) Market size to expand at a CAGR of 6.25% reaching a value of USD 38.02 billion by 2030. The Global Ethylene Dichloride (EDC) Market is propelled by the increasing electronics sector in emerging economies and the rising integration of EDC in composite applications. Also, a noteworthy surge is foreseen, driven by escalating demand from research institutes and multinational corporations engaged in extensive research and development activities. The electronics sector stands out as a crucial catalyst for the market's growth. Within the electronics industry, the product plays a vital role in diverse applications, including batteries, capacitors, solar cells, computers, microchips, smartphones, and laptops. Its popularity in electronics is attributed to its outstanding characteristics such as electrical conductivity, thermal conductivity, lightweight nature, and mechanical durability, rendering it suitable for managing high voltages. These distinctive properties position it as a highly significant material in the electronics domain, with expectations that it will serve as a seamless substitute for carbon nanotubes and silicon across various applications.
By volume, BlueWeave estimated the Global Ethylene Dichloride (EDC) Market size at 45.2 million tons in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the Global Ethylene Dichloride (EDC) Market size by volume is projected to grow at a CAGR of 5.89% reaching the volume of 58.6 million tons by 2030. In April 2023, PT Chandra Asri Petrochemical Tbk (Chandra Asri), a prominent integrated petrochemical firm in Indonesia, entered a Memorandum of Understanding (MoU) with the Indonesia Investment Authority (INA) to build a sizable chlor-alkali plant in Indonesia. Upon completion, the plant is set to produce over 400 thousand tons annually of caustic soda and 500 thousand tons annually of ethylene dichloride.
Impact of Escalating Geopolitical Tensions on Global Ethylene Dichloride (EDC) Market
Geopolitical tensions can have a multifaceted impact on the Global Ethylene Dichloride (EDC) Market. These tensions can disrupt the supply chain, particularly for crucial raw materials such as ethane and chlorine, which are integral to EDC production. Trade restrictions, sanctions, or conflicts in key producing regions can lead to supply shortages, driving up prices and creating uncertainty in the market. Additionally, geopolitical instability may deter investment in EDC production facilities or hinder market expansion efforts in affected regions. Overall, the volatility and uncertainty stemming from escalating geopolitical tensions pose challenges to the stability and growth of the Global EDC Market, necessitating strategic risk management and diversification efforts by industry stakeholders.
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Global Ethylene Dichloride (EDC) Market
Segmental Information
Global Ethylene Dichloride (EDC) Market – By End User
By end user, the Global Ethylene Dichloride (EDC) Market is divided into Construction, Automotive, Packaging, Furniture, and Medical segments. The construction segment holds the highest share in the Global Ethylene Dichloride (EDC) Market by end user. It is primarily due to the widespread adoption of ethylene dichloride in PVC resin manufacturing, a critical element in diverse construction materials. The substantial demand for PVC in various applications like pipes, fittings, and profiles will notably bolster market share, solidifying the construction segment's pivotal role in the overall ethylene dichloride market.
Global Ethylene Dichloride (EDC) Market – By Region
The in-depth research report on the Global Ethylene Dichloride (EDC) Market covers the market in a number of major countries across five regions: North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America region holds the highest share in the Global Ethylene Dichloride (EDC) Market and is expected to maintain its dominance during the forecast period. The expansion necessitated the extension of the PVC production chain at the Plaquemine, Louisiana complex, which now features a new vinyl chloride monomer unit capable of producing approximately 1 million metric tons per year, alongside an ethylene dichloride unit with an annual production capacity of 680,388 metric tons. These developments are anticipated to positively impact the ethylene dichloride market forecast.
Competitive Landscape
The Global Ethylene Dichloride (EDC) Market is fragmented, with numerous players serving the market. The key players dominating the Global Ethylene Dichloride (EDC) Market include Reliance Industries Limited, Vizag chemical, Tosoh Corporation, Dow, Westlake Chemical Products, Formosa Plastics Group, PT Asahimas Chemical, Vynova Group, LG Chem, Shiv Chemicals, Ishtar Company LLC, Junsei Chemical Co., Ltd, and Olin Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
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