The North America ethylene dichloride (EDC) market is expected to exhibit a growth rate (CAGR) of 3.8% during 2023-2028.
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 forecast period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America ethylene dichloride (EDC) market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on product type and application.
Breakup by Product Type:
- Technical Grade
- Pharma Grade
Breakup by Application:
- Vinyl Chloride Monomer
Breakup by Country:
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.
|Base Year of the Analysis
||US$ Million, Million Tons
||Product Type, Application, Country
||United States, Canada
||Formosa Plastics Corporation U.S.A, Occidental Petroleum Corporation, Olin Corporation, Shintech Incorporated and Westlake Chemical Corporation
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Key Questions Answered in This Report:
- How has the North America ethylene dichloride (EDC) market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the North America ethylene dichloride (EDC) market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the North America ethylene dichloride (EDC) market and who are the key players?
- What is the degree of competition in the industry?