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 globalethylchloridemarketintheforecastperiod, 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 signi몭cantly 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 몭eld 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-Paci몭c region is a major consumer of ethyl chloride and is likely to witness a signi몭cant 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 몭rm.
“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 identi몭es and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Ethyl Chloride Market.”
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