H1 2023: During H1 2023, the largest producers of Ethylene Dichloride were Formosa Plastics Corporation, Westlake Chemical, and OxyVinyls on a world-wide scale. In April 2023, PT Chandra Asri Petrochemical Tbk (Chandra Asri), one of the Indonesia's leading integrated petrochemical companies, signed a MoU with Indonesia Investment Authority (INA), to construct one of the largest chlor-alkali plant located in Indonesia. When fully operational, the plant will generate more than 400 thousand tonnes per annum of caustic soda, and 500 thousand tonnes per annum of ethylene dichloride. In the first three months of 2023, In the Asian market, the price of EDC rose. Due to the escalated demand from the PVC downstream business, EDC prices rose in January and February in the Indian and Chinese markets. The demand of PVC by the construction industry improved, although EDC supply remained steady. However, in the Chinese market, EDC prices showed a declining trend from April 2023 to June 2023. The lackluster demand in the nation's PVC production industry led to fall in prices. Consumer buying activity was bearish due to China's economic slowdown. EDC's pricing movement was further impacted by upstream crude oil prices and low prices of feedstock ethylene. In response to market scenario, Chinese Ethylene Dichloride manufacturers decided to lower their production run rates in response to sluggish market activity.
H1 2022: During H1 2022, the total production had reached roughly 22 million tonnes with Westlake Chemical, Formosa Plastics Corporation, and OxyVinyls as the leading producers of Ethylene Dichloride. However, Westlake Chemical attained the position of the biggest producer of Ethylene Dichloride across the globe in H1 2022. In April 2022, Olin declared force majeure for its numerous products including chlorine, ethylene dichloride, caustic soda and other products at its US manufacturing site. Regionally, Asia Pacific got the position of being the largest consumer of Ethylene Dichloride which ranged to approximately 42% in H1 2022. In India, ethylene dichloride prices fell around January 2022 due to weak ethylene and chlorine raw material markets. However, market behavior improved in March 2022 and EDC prices rose on the strength of downstream markets. Due to the limited product availability across Asia led to an increase in demand for the product and a sharp rise in the raw material prices were observed. However, Ethylene dichloride prices in Asian markets fell after March 2022 due to declining consumer interest and weak market fundamentals. Ethylene prices in the region also fell due to weak demand and subdued market sentiment due to volatility in crude oil and naphtha prices. Feedstock ethylene supplies collapsed in India, with rising inventories and lower purchasing activity impacting price dynamics, lowering the cost of downstream PVC. Weak buying sentiment was observed among domestic buyers and the narrowing supply-demand gap across Asia.
H2 2022: During H2 2022, the total production of EDC had reached roughly 23 million tonnes across the globe. In November 2022, TA’ZIZ Industrial Chemicals Zone started the second phase of its growth which aimed to double its production of chemicals. TA’ZIZ Industrial Chemicals Zone is located in Al Ruways Industrial City, is a part of TA’ZIZ, which is a joint venture of Abu Dhabi National Oil Company (ADNOC) and ADQ which was created in 2020 to increase the production of chemical in UAE. In Asia Pacific region, the Ethylene Dichloride prices declined compared to H1 2022. The market is still constrained by adequate supply and limited demand for EDC due to constraints on the raw material market for ethylene and chlorine. Furthermore, imports in China from South Korea and the United States where sluggish as new stock supplies were curtailed, and downstream firms used existing stock during July and August 2022. However, EDC prices further dropped in September 2022. The Chinese EDC market witnessed weak export activity during H2 2022. Limited quantities of ethylene dichloride from the port of Shanghai to other regions were found to be hampered by limited trade dynamics. The polyvinyl chloride downstream market operated at lower rates amid weak demand, resulting in limited downstream market activity in China during H2 2022.
The global Ethylene Dichloride market has reached approximately 45 million tonnes in 2022 and is expected to grow at a CAGR of 3.61% during the forecast period until 2032.
Dichloroethane or Ethylene Dichloride is an odorless liquid. Vinyl chloride monomer, the main precursor to polyvinyl chloride (PVC), is typically produced using ethylene dichloride. Additionally, ethylene dichloride is frequently used as a solvent and an intermediate for other organic chemical compounds. Ethylene Dichloride is employed for the synthesis of ethylene amines, which are used as corrosion inhibitors, lubricant and fuel additives, surfactants, and wood preservatives.
The key growth driver for the ethylene dichloride market is the rising demand for Polyvinyl Chloride (PVC) resins for various applications, including the production of plastic and flooring materials. This is a result of the use of ethylene dichloride in the manufacture of PVC. PVC is frequently used in flooring, windows, doors, sidings, cables, wiring, fittings, profiles, tubes, and pipes. The building and infrastructure, agriculture, electrical items, and healthcare sectors all use vinyl. Fast-paced industrialization across the globe is anticipated to increase the PVC demand thus influencing the Ethylene Dichloride market prominently. Additionally, increased demand for the manufacture of pesticides and chlorinated solvents will probably further boost the market growth. Also, ethylene dichloride is typically used as a lead scavenger in petrol, rising demand for petrol is anticipated to support ethylene dichloride demand in the coming years. The global Ethylene Dichloride market is expected to reach about 64 million tonnes by 2032.
Regionally, the Asia Pacific region is dominating the EDC market. This region held a market share of approximately 45% in 2022 and is anticipated to dominate the market in the forthcoming years. Consumption of ethylene dichloride is a result of rising urbanization and government involvement in infrastructure development for both public and official purposes across Asia Pacific region. The growing usage of EDC to produce PVC pipes which are vastly used in farming and irrigation practices across developing nations like India is creating a huge sum of EDC demand. Additionally, North America is the second largest consumer of EDC backed up by reasons such as construction, automotive and fuel industry.
Based on the end-user industry, the global Ethylene Dichloride market is segmented into different industrial sectors which comprise of Vinyl Chloride Monomer (VCM) Production, Ethylene Amines, and Others. Among these, Vinyl Chloride Monomer (VCM) Production is dominating the market and captured approximately 95% of the market in 2022. VCM monomer is generally used for manufacturing polyvinyl chloride (PVC), a polymer that is extremely stable, non-flammable, light, and durable. PVC is employed in a variety of applications such as pipes & fittings for commercial and domestic uses.
Major players in the production of Global Ethylene Dichloride are Westlake Chemical, Formosa Plastics Corporation, Tosoh Corp, Dow, Keiyo Monomer, Occidental Chemical Corporation, OxyVinyls, Olin, OxyMar, Chemplast sanmar limited, VYNOVA, Shin-Etsu, INOVYN, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Ethylene Dichloride which covers production, demand and supply of Ethylene Dichloride market in the globe.
• To analyse and forecast the market size of Ethylene Dichloride
• To classify and forecast Global Ethylene Dichloride market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ethylene Dichloride market in the globe.
To extract data for Global Ethylene Dichloride market, primary research surveys were conducted with Ethylene Dichloride manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Ethylene Dichloride market over the coming years.
ChemAnalyst calculated Ethylene Dichloride demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Ethylene Dichloride. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ethylene Dichloride manufacturers and other stakeholders
• Organizations, forums and alliances related to Ethylene Dichloride distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ethylene Dichloride manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Ethylene Dichloride market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
45 million tonnes
Market size Volume by 2032
64 million tonnes
Growth Rate
CAGR of 3.61% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size Capacity By Company, Capacity by Location, Production by Company, Operating Efficiency, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: [Vinyl Chloride Monomer (VCM) Production, Ethylene Amines, and Others]
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
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What is the expected global market size of Ethylene Dichloride in terms of volume for 2032?
Ans:
The global market size of Ethylene Dichloride is expected to reach approximately 64 million tonnes by 2032.
Q2.
What are the major end-use industries of Ethylene Dichloride?
Ans:
Ethylene Dichloride is used majorly in Vinyl Chloride Monomer (VCM) Production, Ethylene Amines, and Others end-use industries.
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