DUBLIN, Oct. 25, 2024 (GLOBE NEWSWIRE) — The “India Ethylene Dichloride Market, Regions, Competition, Forecast, Opportunities, 2020-2030” report has been added to ResearchAndMarkets.com’s offering. Ta.
The Indian ethylene dichloride (EDC) market has shown significant growth and is projected to increase from the volume of 364.75 thousand tonnes in 2024 to an estimated 451.10 thousand tonnes by 2030. This represents a compound annual growth rate (CAGR) of 3.64%. Forecast period. The expansion of the EDC market reflects broader trends within India’s burgeoning chemical industry and the important role played by EDC across multiple sectors such as plastics, PVC production, and agrochemicals.
Diverse applications driving market growth
The demand for ethylene dichloride in India continues to soar due to its wide range of uses, particularly as a precursor for polyvinyl chloride (PVC), which is used extensively in several rapidly growing sectors. Masu. As a material known for its strength, durability, and versatility, PVC’s role in the construction, automotive, and packaging industries is key to its growth. The agrochemical industry also contributes significantly to the growth of the EDC market, as it is used to produce pesticides and herbicides, which are essential for improving agricultural productivity.
Challenges and opportunities
Despite promising growth prospects, India’s ethylene dichloride market faces challenges such as fluctuating raw material prices, stringent environmental regulations, and continued push towards sustainable production methods. To comply with environmental standards, the industry is investing in cleaner production techniques and waste management practices, turning challenges into opportunities for innovation and sustainability. Furthermore, regulations aimed at reducing emissions and responsible waste disposal are fostering a market that takes into account its environmental impact without compromising its growth potential.
Market trends and future outlook
The future growth of the Indian EDC market is supported by the continued expansion of industries dependent on EDC derivatives. Investments in increasing production capacity and process efficiency, coupled with the industry’s adaptability to meet regulatory requirements, bodes well for the market trajectory. Furthermore, this growth is characterized by increased investments in this sector, supporting state-of-the-art manufacturing units that meet modern environmental and safety standards. Innovative applications and strategic government policies act as catalysts to ensure market vitality.
Owing to the current growth pattern and innovative approaches of Indian manufacturers, the Indian ethylene dichloride market not only promises to meet the domestic demand but also stands to make a significant contribution to the global chemical industry. The continued development of EDC applications and infrastructure marks a continued story of progress and growth for this important market.
About the Indian ethylene dichloride market
India positions itself as a key player in the global ethylene dichloride market with an evolving market characterized by application diversity, strong regional contribution and active industry players. Serving important sectors such as construction, automotive, and agrochemical industries, the Indian EDC market is interconnected with growth, innovation, and dedication to sustainable industry practices, making it an integral part of the country’s economic fabric. has established its position.
Key attributes:
Report attribute details No. Forecast period 2024 to 2030 Estimated market value in 2024 364.75 thousand metric tons Forecast market value to 2030 451.1 thousand metric tons Average annual growth rate 3.6% Target region India
Featured companies
Arihant Solvents and ChemicalHwatsi Chemical Pvt. LtdPon Pure ChemicalsMeru Chem Pvt. LtdRee Atharva lifescience Pvt. Ltd.
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Indian ethylene dichloride market
