The global ethylene dichloride market is projected to reach a value of US$ 19.2 Billion by the end of 2022, exhibiting a moderate CAGR of 3.7% for the forecast period of 2022-2028. The market is expected to reach US$ 24.0 Billion by 2028. The rising application of ethylene dichloride in the production of other chemicals and materials as well as in the manufacturing of industrial and consumer goods is expected to fuel the market growth.

Increasing demand for Polyvinyl Chloride (PVC) resins for different usages like the production of plastic and flooring materials is a primary growth driver for the ethylene dichloride market. This is owing to the application of ethylene dichloride in the production of PVC.

Furthermore, the growing adoption of ethylene dichloride (EDC) as a lead scavenger in petrol will bode well for market demand over the forecast period. The rapid expansion of the oil and gas industry all over the world is expected to push manufacturers to concentrate more on the proliferation of their refinery capacities, which will foster market growth for ethylene dichloride.

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Competitive Landscape 

Olin Corporation, Occidental Chemical Corporation, Formosa Plastics Corporation, Tosoh Corporation, Vynova Group, SABIC, Westlake Chemical Corporation, Thyssenkrupp AG, PT Asahimas Chemical, Prochem, Inc., VESTOLIT GmbH, Tokyo Chemical Industry Co., Ltd, and others are some of the major organizations in the ethylene dichloride market that are profiled in the full version of the report.

Segmentation Analysis

According to the latest study by FMI, by application, the vinyl chloride monomer (VCM) segment is predicted to dominate the global ethylene dichloride market. The rising conversion of VCM to polymeric PVC since the former is considered to be hazardous for human health is responsible for the growth witnessed by this segment.

Based on the production process, oxychlorination is evaluated as the leading segment in the global ethylene dichloride market. This production process is gaining massive traction across the world due to the urgent need to lower harmful emissions from the production of polyethylene dichloride.

Unlike the traditional direct chlorination production process, oxy-chlorination uses hydrogen chloride in combination with oxygen. The relatively low cost of hydrogen chloride, as compared to chlorine, is predicted to make oxy-chlorination the most preferred production process.