North America Ethylene Dichloride (EDC) Market to Grow at 3.4% During 2024-2032, Stimulated by Significant Growth in Construction Industry

August 17, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “North America Ethylene Dichloride (EDC) Market Report by Product Type (Technical Grade, Pharma Grade), Application (Vinyl Chloride Monomer, Ethyleneamines, and Others), and Country 2024-2032,” the North America ethylene dichloride (EDC) market is expected to grow at a CAGR of 3.4% during 2024-2032. Ethylene Dichloride (EDC) is a chemical compound with the molecular formula C2H4Cl2. It is a colorless liquid with a sweet, chloroform-like odor. EDC is primarily produced by the direct chlorination of ethylene, a hydrocarbon derived from petroleum. It is an essential intermediate in producing vinyl chloride monomer (VCM), which is used to manufacture polyvinyl chloride (PVC), a widely used plastic in various applications. It plays a critical role in the chemical industry as a feedstock for the production of PVC, which finds applications in construction materials, pipes, cables, flooring, and medical devices, among others. Furthermore, EDC is used as a solvent in chemical processes and as a fumigant for agricultural products.

North America Ethylene Dichloride (EDC) Market Trends:

Significant growth in the construction industry is driving the market in North America. Additionally, there is an increasing trend of replacing metal pipes with PVC-based alternatives in water treatment plants, power transmission infrastructures, food processing units, and petrochemical complexes, due to the rising number of refurbishment activities. Furthermore, the pharmaceutical sector in North America is experiencing a growing demand for ethylene dichloride as it is utilized in the manufacturing of anesthetic drugs extensively used in various surgical procedures, thus propelling the market's growth. Moreover, the expanding oil and gas sector in the region is contributing to the demand for ethylene dichloride, especially in oil and shale gas exploration and production activities. This includes its application in drilling and hydraulic fracturing procedures across the mining and oil and gas industries. Besides, the use of ethylene dichloride in producing various chlorinated solvents plays a significant role in textile, and metal processing, further fuelling the market in North America. Additionally, the packaging industry is witnessing continuous advancements and innovations, leading to increased consumption of PVC-based materials for packaging purposes. Ethylene dichloride is a vital component in the production of PVC films and coatings, which find extensive use in the packaging of food, pharmaceuticals, consumer goods, and industrial products.

Market Summary:

Based on the product type, the market has been segmented into technical and pharma grade.
On the basis of the application, the market has been divided into vinyl chloride monomer, ethyleneamines, and others.
Country-wise, the market has been segmented into the United States and Canada.
The competitive landscape of the market has also been examined, with some of the key players being Formosa Plastics Corporation U.S.A, Occidental Petroleum Corporation, Olin Corporation, Shintech Incorporated and Westlake Chemical Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million, Million Tons
Segment Coverage	Product Type, Application, Country
Countries Covered	United States, Canada
Companies Covered	Formosa Plastics Corporation U.S.A, Occidental Petroleum Corporation, Olin Corporation, Shintech Incorporated and Westlake Chemical Corporation
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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North America Ethylene Dichloride (EDC) Market to Grow at 3.4% During 2024-2032, Stimulated by Significant Growth in Construction Industry

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