South Korea Ethylene Dichloride (EDC) Market was valued at USD 0.7 Billion in 2022 and is projected to reach USD 1 Billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030.
The South Korea Ethylene Dichloride (EDC) market plays a pivotal role in the global chemical industry. With a diverse range of applications across various industries, EDC is a crucial component in the production of other chemicals, especially vinyl chloride monomer (VCM), which is essential for PVC production. As one of the key chemicals in the petrochemical sector, the demand for EDC in South Korea has been experiencing a steady increase due to industrialization and the rising demand for plastics, textiles, and other goods.
Ethylene Dichloride (EDC) is primarily used in the production of VCM, which in turn is used to produce PVC. This plastic is widely used in construction, automotive, healthcare, and electrical industries. In South Korea, industries such as construction, automotive manufacturing, and consumer goods rely heavily on the PVC produced from EDC. As the demand for these products continues to rise, so too does the requirement for EDC in the South Korean market.
In addition to VCM production, EDC also finds applications in the agrochemical, pharmaceutical, and solvent industries. The agricultural sector in South Korea depends on EDC derivatives for manufacturing pesticides and herbicides, which are crucial in maintaining crop protection. Similarly, the pharmaceutical industry uses EDC in the formulation of specific medications, further adding to the market's growth.
The growing requirement for high-quality PVC in construction and infrastructure projects is driving the Ethylene Dichloride (EDC) market in South Korea. With the country investing in large-scale infrastructure projects, including urbanization, the need for reliable, durable materials like PVC has surged. Automotive industries are also contributing to the increased demand, as PVC is commonly used in car parts due to its lightweight and corrosion-resistant properties.
As the demand for EDC continues to grow, South Korea’s industrial landscape is evolving. Businesses are continuously innovating, finding more efficient ways to produce EDC and utilizing advanced technology to improve production processes. This shift is helping the market to remain competitive on a global scale, while also meeting the growing local demand across various sectors.
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Dow Chemical
Formosa Plastics
INEOS
Occidental Chemical
SolVin
Axiall
BASF
Bayer
Boytek
Chemson Group
Dupont
Gail
LG Chemical
Mexichem
Nova Chemical
Polyone
Reliance Industries
Saudi Aramco
Sigma Plastic
Sinopec Group
The Britton Group
USI
Vinnolit
Westlake Chemical
Xinjiang Zhongtai Chemical
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Ethylene Dichloride (EDC) Market
Chemical Industry
Automotive Industry
Construction Industry
Textile Industry
Packaging Industry
Production of Vinyl Chloride Monomer (VCM)
Production of Agrochemicals
Solvents and Cleaning Agents
Production of Plasticizers
Use in Synthesis of Other Chemicals
Direct Sales
Online Sales
Third-Party Distributors
Wholesale Distribution
Liquid
Solid
Industrial Grade
Reagent Grade
High Purity Grade
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Ethylene Dichloride (EDC) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Ethylene Dichloride (EDC) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Ethylene Dichloride (EDC) Market, By Type
6. South Korea Ethylene Dichloride (EDC) Market, By Application
7. South Korea Ethylene Dichloride (EDC) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Ethylene Dichloride (EDC) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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