Ethylene Dichloride Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#edc–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Ethylene
Dichloride Market Procurement Research Report.’ The insights and
data in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of ethylene dichloride (EDC) and acts as an
all-inclusive guide for making smart purchasing decisions.

“Declining prices of ethylene dichloride globally, can be attributed
to a reduction in costs of crude oil and natural gas, which has helped
in increasing the demand for EDC,” says SpendEdge procurement analyst
Anil Seth. “A substantial increase in natural gas production is
solidifying the position of Qatar and the US as primary production hubs
for EDC as natural gas, chlorine gas, and ethylene account for over
fifty percent of the total cost of production,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Ethylene
Dichloride Market:

• The emergence of bio-ethylene as a feedstock for the production of EDC
• The rise in M&A
• Introduction of new PVC resins

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The emergence of bio-ethylene as a feedstock for the production of
EDC:

The pressure from regulatory authorities and environmental protection
organizations has led to suppliers seeking new eco-friendly feedstocks
to produce EDC. It is produced using ethylene sourced from crude oil.
However, the emergence of bio-ethylene feedstock is expected to have a
substantially positive impact on the eco-friendliness of suppliers'
operations. Moreover, the use of bio-ethylene helps suppliers lower
operating costs, and the savings are eventually passed on to buyers.
Also, it helps suppliers reduce their carbon footprints considerably and
enables buyers to achieve sustainability in their supply chains.

The rise in M&A:

Globally, the chemical sector is undergoing constant consolidation.
Leading players in this industry are acquiring or merging with other
players to leverage each other's technologies, resources, and geographic
presence. Also, a slowdown in the majority of chemical segments, such as
petrochemicals, base chemicals, and specialty chemicals has affected
their revenue adversely, and M&A is being used by them to pool their
resources. The consolidation of the market may result in more
financially stable operations of most top players.

Introduction of new PVC resins:

Leading PVC manufacturers are increasingly formulating new PVC resins
that can improve the quality of their end-products. Moreover, the
development of new PVC resins is expected to expand the usability of PVC
products, which will lead to higher consumption of PVC, and subsequently
the use of EDC. Also, new PVC resins are expected to expand the
usability and improve the performance of PVC products, thereby helping
manufacturers of PVC to enhance sales of their products.

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Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]