Increasing demand for PVC resins driving the demand in the ethylene dichloride market
London, Jan 24, 2018: Increased demand for PVC products from end-use industries such as construction, automotive, and packaging attribute to the growth of the global PVC market. Around 98% of EDC is consumed by the PVC industry to manufacture VCM, the precursor to PVC resins. The steady growth of the PVC market is leading to higher consumption of EDC.
SpendEdge’s latest procurement research report on the global ethylene dichloride market offers an in-depth assessment of the crucial factors influencing the supply market, strategic procurement and sourcing decisions, pricing models, and procurement best practices. The report, a part of the chemicals portfolio, also offers detailed insights into the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
“EDC is experiencing high demand from emerging economies such as India and China. This can be attributed to the growth of the construction industry in these regions, leading to greater demand for PVC products. As EDC is the major raw material used to produce PVC, it is leading to rising demand for EDC.” – Anil Seth, chemicals procurement research specialist at SpendEdge.
Transportation costs are one of the key cost components for suppliers that are passed on to buyers. EDC is toxic, highly volatile, and inflammable, and requires utmost care during transportation, increasing the cost and complexity associated with its transportation. Since, low-cost sourcing destinations, such as the US and Canada, are far from major buying countries that include India and China the transportation cost is significantly higher causing major procurement problem for the buyer.
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This procurement report on the ethylene dichloride market offers insights on:
- Supply markets, growth drivers, trends, and imminent restraints
- Key suppliers and assessment of their capabilities
- Procurement best practices
- Negotiation strategies and cost-saving opportunities
- Pricing models and category innovations
- For a comprehensive, detailed list, view our full report
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