Ethyl Chloride Market to be Dominated by Foam Plastic Packaging Industry during the Forecast Period
Increasing capacity utilization for dyes, chemicals, and
pesticides and growing usage of foam plastics for packaging applications are
prime factors driving the growth of the global ethyl chloride market in the
forecast period, 2024-2028.
According to
TechSci Research report, “Ethyl Chloride Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028,” ethyl chloride is a chemical substance that
is used as an intermediate substrate in aerosols, solvents and anesthesia. It
is a multi-use specialty chemical employed in the manufacturing of dyes,
chemicals, and pharmaceuticals. Additionally, it is also utilized as a
medication to get rid of pain associated with insect bites. Global Ethyl
Chloride Market is anticipated to grow significantly due to rising demand from
textile and plastic industry.
Ethyl Chloride has covered various niche
applications in several industries and is employed extensively in the
production of ethyl cellulose and in several other miscellaneous applications.
For example, it is applied as a solvent in phosphorus, sulfur, resins, and
waxes.
To avoid air quality contamination issues,
Government in developed countries have implemented several regulations to cut
down the production of Tetraethyl lead which as a result has adversely affected
the consumption of ethyl chloride inhibiting the growth of global ethyl
chloride market in the forecast period.
Browse over XX market data Figures spread through XX Pages and an in-depth
TOC on "Ethyl Chloride Market.”
Global Ethyl Chloride Market
is segmented based on product, application, region and competitive landscape:
Based on Product, the market
is bifurcated into Ethylene chloride and Ethylene dichloride. Ethylene
dichloride is anticipated to hold the largest market share in the forecast period,
beating Ethylene chloride behind in product segmentation. This is attributed to
the massive application of EDC in the field of polymer chemistry. Ethylene
dichloride is primarily used as a raw material to produce vinyl chloride
monomer which is the major precursor for making Polyvinyl Chloride (PVC)
resins. Other than making vinyl chloride monomer, EDC is used as an
intermediate for other saturated and unsaturated organic chemical compounds. EDC
can also exhibit properties as an organic solvent in multitude of industries such
as textile, metal cleaning, and adhesive industries. Due to this broad spectrum
of applications, Ethylene dichloride is expected to dominate the market
segmented based on product in the forecast period.
Based on Application, the
market is divided into Pesticides, Dyes, Foam Plastics, Pharmaceuticals, and Others.
Foam Plastics segment accounted for largest market share in 2022 due to
increase in the consumption of ethyl chloride as blowing agent and the same
trend is likely to continue in the forecast years.
Major companies operating
in the Global Ethyl Chloride Market are:
- The Linde
Group
- MESA
International Technologies, Inc.
- The Dow
Chemical Company
- BASF SE
- Seidler
Chemical Company
- Tokyo
Chemical Industry (TCI) Company Limited
- Puyer
(Nantong) Biopharma Co., Ltd.
- Saudi Basic
Industries Corporation (SABIC)
- Westlake
Chemical Corporation
- Occidental
Petroleum Corporation (OXY)
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Asia-Pacific
region is a major consumer of ethyl chloride and is likely to witness a significant
rise in demand owing to evolving chemical industry in the developing economies
of the region. Especially China, India
and other southeast countries are expected to enjoy substantial market share
due to the growth of polymer and chemical industries. Rise in the insulation
industry in Europe is expected to be the key driving factor of the ethyl
chloride market in the region” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Ethyl Chloride Market- Global Industry
Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product (Ethylene
chloride and Ethylene dichloride), By Application (Pesticides, Dyes, Foam
Plastics, Pharmaceuticals, and Others), By Region and Competition, has evaluated the
future growth potential of Global Ethyl Chloride Market and provides statistics
& information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Ethyl Chloride Market.”
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