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The North America ethylene dichloride (EDC) market grew at a CAGR of around 3% during 2015-2020. Ethylene dichloride (EDC), also known as 1, 2-dichloroethane, refers to a colorless and transparent liquid with a pleasant odor. EDC is used as an essential component for manufacturing vinyl chloride monomer (VCM), which is further adopted as an intermediate in polyvinyl chloride (PVC) resin production. As a result, EDC finds extensive applications across diverse end use industries, such as construction, automotive, oil and gas, healthcare, packaging, etc.
In North America, significant growth in the construction industry is currently driving the use of PVC in manufacturing cables, doors and windows, pipes and fittings, floorings, etc., thereby augmenting the demand for ethylene dichloride. Furthermore, the growing number of refurbishment activities has led to the replacement of metal pipes with PVC-based alternatives in water treatment plants, power transmission infrastructures, food processing units, petrochemical complex, etc. Additionally, the expanding oil and gas sector in North America is also driving the demand for ethylene dichloride in numerous oil and shale gas exploration and production activities. In line with this, ethylene dichloride is also adopted for drilling and hydraulic fracturing procedures across the mining, and oil and gas industries. Moreover, the growing demand for ethylene dichloride in the pharmaceutical sector for manufacturing anesthetic drugs that are extensively used in several surgical procedures is propelling the market growth in North America. Furthermore, the rising popularity of VCM-based medical equipment, such as cardiac catheters, blood and intravenous bags, artificial heart valves, etc., is also augmenting the demand for ethylene dichloride in the region. Apart from this, the increasing utilization of ethylene dichloride for producing several chlorinated solvents that find extensive applications across the textile, metal processing, and packaging industries will continue to drive the market growth in North America over the forecasted period. Looking forward, IMARC Group expects the North America ethylene dichloride (EDC) market to experience steady growth in the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America ethylene dichloride (EDC) market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type and application.
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The report has also analyzed the competitive landscape of the market with some of the key players being Formosa Plastics Corporation U.S.A, Occidental Petroleum Corporation, Olin Corporation, Shintech Incorporated and Westlake Chemical Corporation.
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