The Latest Ethylene Dichloride Industry Statistics Explained
The global Ethylene Dichloride market size exceeded USD 16 billion in 2019.
The statistic indicates that the global Ethylene Dichloride market was valued at more than USD 16 billion in 2019. This figure signifies the total revenue generated from the production, sale, and consumption of Ethylene Dichloride, a chemical compound primarily used in the manufacturing of PVC resin and vinyl chloride monomer. The market size exceeding USD 16 billion suggests a significant demand for Ethylene Dichloride worldwide, reflecting its widespread application across various industries such as construction, automotive, and packaging. This statistic serves as an essential indicator of the market’s economic potential and highlights the key role played by Ethylene Dichloride in the global chemical market.
The global Ethylene Dichloride market is expected to grow at a CAGR of 3.0% from 2020 to 2026.
The statement “The global Ethylene Dichloride market is expected to grow at a CAGR of 3.0% from 2020 to 2026” indicates that the compound annual growth rate (CAGR) for the global market of Ethylene Dichloride is projected to be 3.0% over the period of 2020 to 2026. This means that the market is expected to increase in size by 3.0% each year on average during this time frame. The CAGR is a useful metric for analyzing the growth of a market as it smooths out the year-to-year fluctuations and provides a consistent measure of the growth rate over the specified period. The forecasted CAGR of 3.0% suggests that the Ethylene Dichloride market is expected to experience a moderate but steady growth trajectory in the coming years.
More than 95 percent of global ethylene dichloride production is used for manufacturing Vinyl Chloride Monomer (VCM).
The statistic that more than 95 percent of global ethylene dichloride production is used for manufacturing Vinyl Chloride Monomer (VCM) highlights the significant role of ethylene dichloride in the production process of VCM, a key chemical used in the manufacturing of polyvinyl chloride (PVC). Ethylene dichloride serves as a critical raw material in the synthesis of VCM, wherein it undergoes a series of chemical reactions to form the desired product. This statistic underscores the high reliance of the VCM industry on ethylene dichloride as the primary feedstock, emphasizing the interconnectedness and importance of these chemicals in the global chemical manufacturing sector.
Asia-Pacific region dominates the global ethylene dichloride market, with around 50% of total consumption.
The statistic indicates that the Asia-Pacific region holds a significant share in the global ethylene dichloride market, accounting for approximately half of the total consumption. This dominance suggests that countries in the Asia-Pacific region, such as China, India, and Japan, are major consumers of ethylene dichloride, which is used in various industries including plastics, chemicals, and agriculture. The strong presence of the Asia-Pacific region in the market may be attributed to factors such as industrial growth, increasing infrastructure development, and a rising demand for consumer goods in the region. As a result, market players in the ethylene dichloride industry may focus on this region for growth opportunities and strategic investments.
Market growth in Asia is primarily driven by China, which is the largest consumer of ethylene dichloride worldwide.
The statistic indicates that the market growth in Asia, particularly in the ethylene dichloride industry, is largely influenced by China due to its substantial consumption of the chemical. Ethylene dichloride is a key component in the production of various industrial products such as PVC. The high demand for ethylene dichloride in China signifies significant industrial activity and manufacturing within the country, which in turn propels market growth in the region. Therefore, understanding China’s role as the largest consumer of ethylene dichloride worldwide provides valuable insights into the factors driving market expansion in the Asian region.
In Europe, ethylene dichloride’s main use is in PVC production, accounting for nearly 98% of consumption in 2018.
The statistic states that in 2018, almost all (98%) of the ethylene dichloride consumed in Europe was used in the production of polyvinyl chloride (PVC). This indicates that PVC production is the dominant market for ethylene dichloride in Europe. Ethylene dichloride is a key raw material in the manufacturing process of PVC, a widely used synthetic plastic in various industries. The high percentage of consumption in PVC production suggests a strong reliance on ethylene dichloride for this specific application in Europe, highlighting the significance of the PVC industry as a major consumer of this chemical compound in the region.
By 2021, over 11 billion pounds of ethylene dichloride are expected to have been produced in the U.S.
The statistic suggests that a significant amount of ethylene dichloride, which is a chemical compound used primarily in the production of PVC plastics, is expected to be produced in the United States by the year 2021. The figure of over 11 billion pounds indicates a large volume of ethylene dichloride being manufactured within the country, highlighting the importance of this chemical in various industrial processes. This statistic reflects the strong demand for PVC materials and other products that rely on ethylene dichloride as a key component, indicating a substantial contribution to the chemical industry’s output and economic activity in the U.S.
The United States is a major exporter of ethylene dichloride, mainly to Canada and Mexico.
The statistic indicates that the United States plays a significant role in the global trade of ethylene dichloride, with a predominant focus on exporting this chemical compound to Canada and Mexico. Ethylene dichloride is commonly used in the production of PVC, solvents, and other industrial products, making it an important commodity in international trade. The United States’ position as a major exporter of ethylene dichloride indicates a strong presence in the global chemical industry and underscores the importance of trade relationships with neighboring countries such as Canada and Mexico for the distribution of this key chemical product.
In 2018, Saudi Arabia has produced 188 thousand metric tons of ethylene dichloride.
The statistic indicating that in 2018, Saudi Arabia produced 188 thousand metric tons of ethylene dichloride provides a quantitative measure of the output of this chemical compound within the country for that specific year. Ethylene dichloride is primarily used in the production of PVC (polyvinyl chloride) resin, a major component in the manufacturing of various plastic products. The production volume of ethylene dichloride is a significant indicator of industrial activity and economic output within Saudi Arabia’s chemical and manufacturing sectors, demonstrating the country’s capacity and contribution to the global chemical industry. This statistic is valuable for assessing the country’s role in the production and supply chain of essential chemical materials.
Japan’s production capacity of ethylene dichloride was approximately 170,732 tons in 2020.
The statistic indicates that Japan’s production capacity of ethylene dichloride, a chemical compound used primarily in the production of PVC and other plastics, was approximately 170,732 tons in the year 2020. This suggests that Japan has the capability to produce up to 170,732 tons of ethylene dichloride within a given time frame. This information is valuable for understanding Japan’s industrial capabilities, particularly in the plastics manufacturing sector, and provides insight into the country’s potential for meeting domestic demand and possibly exporting ethylene dichloride to other markets.
Ethylene dichloride’s use in agricultural products such as pesticides is projected to witness significant growth over the forecast period.
The statistic indicates that the use of ethylene dichloride in agricultural products, particularly pesticides, is expected to increase notably in the future according to projections. Ethylene dichloride is a chemical compound commonly used as a solvent or in the production of other chemicals. The anticipated growth in its use in agricultural applications suggests a rising demand for pesticides or other agricultural products that incorporate this compound. This uptrend may be driven by factors such as increasing pest pressure, changes in agricultural practices, or preferences for more effective pest control solutions. The forecasted significant growth implies that ethylene dichloride will play an increasingly important role in the agricultural sector over the coming period.
Chlorinated polyethylene resins and coatings market, driven by ethylene dichloride demand, is forecasted to surpass $395 million by 2026.
The statistic indicates that the chlorinated polyethylene resins and coatings market is expected to experience substantial growth, driven primarily by the increasing demand for ethylene dichloride, a key raw material used in the production of chlorinated polyethylene. The market is projected to exceed $395 million by the year 2026, suggesting a strong expansion in the industry. This growth can be attributed to various factors such as the rising adoption of chlorinated polyethylene resins and coatings in different applications and industries, as well as the expanding market opportunities for these products. Overall, the forecast highlights a positive outlook for the chlorinated polyethylene market in the upcoming years.
Demand for ethylene dichloride from tire and rubber industry is set to boost global market growth.
The statistic indicates that the demand for ethylene dichloride, a chemical compound commonly used in the production of tires and rubber products, is expected to increase in the global market. This projected boost in demand suggests that there will likely be a surge in the production and consumption of tires and rubber items worldwide. The tire and rubber industry is a significant consumer of ethylene dichloride due to its role in the manufacturing process. As a result, the anticipated growth in demand for this chemical compound indicates a positive outlook for the global market, particularly for manufacturers and suppliers operating within the tire and rubber industry.
The leading producers of ethylene dichloride are Dow Chemical, Formosa Plastics, Occidental Chemical, Oxy Vinyls, and Westlake Chemical.
The statistic states that the top producers of ethylene dichloride, a chemical compound used in the production of PVC and other applications, are Dow Chemical, Formosa Plastics, Occidental Chemical, Oxy Vinyls, and Westlake Chemical. These companies are prominent players in the chemical industry and have significant market shares in the production of ethylene dichloride. The information provides insights into the key players in the industry and their dominance in the market for this particular product. It highlights the competitive landscape and the major companies driving the production and supply of ethylene dichloride globally.
Almost half of the world’s ethylene dichloride production plants are in Asia-Pacific region.
The statistic “Almost half of the world’s ethylene dichloride production plants are in Asia-Pacific region” indicates that a significant proportion of global ethylene dichloride manufacturing facilities are located in the Asia-Pacific region. This distribution suggests that the region has a strong presence in the production of ethylene dichloride, a chemical compound commonly used in the manufacturing of PVC plastics and other industrial applications. The concentration of these plants in Asia-Pacific may be influenced by factors such as lower production costs, access to raw materials, regulatory environment, or demand for ethylene dichloride in the region. This statistic highlights the importance of the Asia-Pacific region in the global ethylene dichloride industry and its role in meeting international demand for this crucial chemical product.
Global production of ethylene dichloride is estimated to reach 65 million tons by the end of 2024.
The statistic “Global production of ethylene dichloride is estimated to reach 65 million tons by the end of 2024” indicates the anticipated total amount of ethylene dichloride that will be produced worldwide by the conclusion of the year 2024. Ethylene dichloride is a chemical compound commonly used in the production of PVC, solvents, and other industrial applications. This statistic provides insight into the expected scale of production within the global chemical industry and highlights the significance of ethylene dichloride as a key raw material. Monitoring the production trends of ethylene dichloride can offer valuable information for industries reliant on this chemical, as well as policymakers and stakeholders interested in global chemical production dynamics.
PVC, which is a product of ethylene dichloride, accounted for more than 60% of total construction plastic market share in 2016.
The statistic “PVC, which is a product of ethylene dichloride, accounted for more than 60% of total construction plastic market share in 2016” indicates that polyvinyl chloride (PVC) played a dominant role in the construction plastic market during the specified time period. With a market share exceeding 60%, PVC was the most widely used plastic material in the construction industry as compared to other types of plastics such as polyethylene or polypropylene. This statistic suggests that PVC was the preferred choice for various construction applications, highlighting its important role in the industry during 2016.
Conclusion
The statistics presented provide valuable insights into the Ethylene Dichloride industry, highlighting key trends and factors influencing its growth and development. Understanding these statistics is crucial for stakeholders to make informed decisions and navigate the industry effectively.
References
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