According to the latest report by IMARC Group, titled “North America Ethylene Dichloride (EDC) Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” provide the north america ethylene dichloride (EDC) market grew at a CAGR of around 3% during 2022-2027 expects the market to experience steady growth in the next five years.The report provides a detailed analysis of the market by region, product type and application
Base Year: 2020
Forecast Year: 2022-2027
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
North America Ethylene Dichloride (EDC) Market Industry Definition and Application:
Ethylene dichloride (EDC), or 1,2-Dichloroethane, is a clear liquid with a pleasant smell and sweet taste. It is a synthetic chemical that is used in the production of vinyl chloride to make various plastic and vinyl products such as polyvinyl chloride (PVC) pipes, furniture, wall coverings, houseware, and automobile upholstery and parts. EDC is also utilized as a solvent and is added to leaded gasoline to remove lead. As a result, EDC finds application in the construction, agriculture, electronics, textiles, metal cleaning, adhesive, and healthcare industries.
North America Ethylene Dichloride (EDC) Market Trends and Drivers:
The North America ethylene dichloride market is primarily driven by its growing demand to produce vinyl chloride monomers. In addition, the rising need for fittings, such as pipes, proles, tubes, windows, and doors, due to the rapid growth of the construction industry, is alsoimpacting the market growth. North America is one of the largest producers and consumers of EDC across the globe. Besides this, the continuous growth in the automotive sector and growing awareness regarding the maintenance of vehicles among consumers have also increased the demand for EDCacross the region. Furthermore, EDC is widely utilized in the pharmaceutical sector for manufacturing anesthetic drugs that are extensively used in several surgical procedures is expected to provide apositive outlook for the market in the upcoming years.
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North America Ethylene Dichloride (EDC) Market Segmentation:
The report has segmented the market on the basis on region, product type and application.
Breakup by Product Type:
- Technical Grade
- Pharma Grade
Breakup by Application:
- Vinyl Chloride Monomer
Breakup by Country:
Who are the Major North America Ethylene Dichloride (EDC) Market Key players?
The report provides a detailed analysis of the market leaders, including.
Formosa Plastics Corporation U.S.A, Occidental Petroleum Corporation, Olin Corporation, Shintech Incorporated and Westlake Chemical Corporation.
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