According to ChemAnalyst report, “India Ethylene Dichloride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, India Ethylene Dichloride Market is likely to grow at a CAGR of 3.58% during the forecasted period by FY2030. The end-user industries Vinyl Chloride Monomer (VCM) Production and Ethylene Amines are anticipated to favour the Ethylene Dichloride Market expansion in India in the forthcoming years.
Ethylene dichloride (EDC) or 1,2- Dichloroethane is an odourless liquid that resembles chloroform. It is a clear, colourless liquid with a sweet scent. In order to create vinyl chloride monomer, which is then utilised to create polyvinyl chloride, EDC is mostly used as a chemical intermediate. The remaining material is used to make specialised chlorinated compounds such ethylene amines. It is not poisonous to fish or other aquatic organisms, and it does not accumulate in the aquatic food chain, which gives EDC the benefit towards the environment. Moreover, it has a wide range of applications in many end-use industries, including building, transportation, packaging, healthcare, furnishings, and other ones. It is also utilised in the production of consumer and industrial goods.
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The increasing demand for Ethylene Dichloride derived PVC pipes, wire & cables, elastic films and sheets is expected to drive India Ethylene Dichloride market during the forecast years. Additionally, the surging demand for PVC pipes is backed up by its extensive usage in the agriculture sector for water supply, drainage, and irrigation, due to its enhanced properties such as corrosion resistance and easy mouldability. The use of Ethylene Dichloride in injection molding for plastic production is also gaining popularity in automotive, packaging, agriculture and other industries, which further contributes to the Ethylene Dichloride market. Also, it is anticipated that over the course of the projection period, a rise in the use of rigid and flexible packaging would further fuel market expansion.
India Ethylene Dichloride Market is segmented based on end-use, sales channel, and region. Based on end-use, India Ethylene Dichloride Market is divided into Vinyl Chloride Monomer (VCM) Production, Ethylene Amines, and Others. As of FY2023, Vinyl Chloride Monomer (VCM) Production is dominating the EPS market with a share of 95%. Polyvinyl chloride (PVC), a highly stable, non-flammable, lightweight, and resilient plastic, is largely produced using the VCM monomer.
Based on region, India Ethylene Dichloride Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market. In FY2022, West India consumed approximately 37% of the market. Owing to the allocation of multiple plasticizer factories allocated in western states like Gujarat, Maharashtra, and Rajasthan, this state is likely to stay prominent in the forthcoming years.
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“India Ethylene Dichloride Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Major players operating in India Ethylene Dichloride market include Reliance Industries, Chemplast Sanmar Limited and DCM Shriram Consolidated Ltd. While some major global players are Formosa Plastics, Westlake Chemical, INOVYN, Shintech, OxyVinyls, Olin Corporation, VYNOVA, OxyMar, LG Chem, Dow, Shin-Etsu, SABIC (Saudi Basic Industries Corporation), and Others.
“Growing demand for Ethylene Dichloride as a feedstock to mainly manufacture vinyl chloride monomer which is further used to manufacture Poly Vinyl Chloride (PVC) which is a popular choice of packaging material in various industries such as food & beverages along with other applications in electronics & electricals sector is anticipated to boost the demand for Ethylene Dichloride in the forecast period till FY2030. PVC possess unique properties like high durability and resistant to water damage due to which it finds applications in refrigerators, walls, and roofing, lightweight automotive components, and others which is anticipated to further rise in the forecast period till FY2030. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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