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Global Vinyl Chloride Monomer (VCM) Market - Industry Trends and Forecast to 2029

Chemical and Materials

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Global Vinyl Chloride Monomer (VCM) Market - Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Vinyl Chloride Monomer (VCM) Market - Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 14.22 USD Billion
Diagram Market Size (Forecast Year) USD 23.27 USD Billion
Diagram CAGR %

Major Markets Players

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Global Vinyl Chloride Monomer (VCM) Market, By Raw Material (Ethylene, Chlorine, Oxygen, Others), Application (PVC and Copolymer Resins), End User (Building and Construction, Healthcare, Agriculture, Electrical and Electronics, Others) – Industry Trends and Forecast to 2029

Vinyl Chloride Monomer (VCM) Market

Market Analysis and Size

Vinyl chloride monomer is highly effective in the production of copolymer resins that are utilized in the building and construction sectors. They have gained immense popularity in sectors, such as health care, electrical and agriculture, among others.

Global Vinyl Chloride Monomer (VCM) Market was valued at USD 14.22 billion in 2021 and is expected to reach USD 23.27 billion by 2029, registering a CAGR of 6.35% during the forecast period of 2022-2029. Ethylene is expected to witness significant growth in the raw material segments of the market owing to the growing production of the product through the thermal cracking of ethylene dichloride. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

The vinyl chloride monomer (VCM) can be referred to as a colourless compound, which is utilized to manufacture PVC. The vinyl chloride monomer (VCM) is utilized in the production of ethylenediamine to generate resins and the manufacturing of the chlorinated solvents. The vinyl chloride monomer (VCM) is also utilized as an aerosol propellant and is also a starting product for the polyvinyl resins. It has a sweet odor, is highly flammable, and can emanate toxic fumes of carbon dioxide, phosgene, carbon monoxide and hydrogen chloride.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Raw Material (Ethylene, Chlorine, Oxygen, Others), Application (PVC and Copolymer Resins), End User (Building and Construction, Healthcare, Agriculture, Electrical and Electronics, Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, and Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific, Brazil, Argentina, and Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, and Rest of Middle East and Africa (MEA).

Market Players Covered

Formosa Plastics Corporation (Taiwan), The Axiall Corporation (US), Occidental Petroleum Corporation (US), Dow (US), Bayer AG (Germany), Akdeniz Chemson (Austria), Mexichem (Mexico), NOVA Chemicals (Canada), DuPont (US), BOYTEK A.S. (Turkey), BASF SE (Germany), Westlake Chemical Corporation. (US), INEOS (UK), LG Chem. (South Korea), Reliance Industries Limited (India), Tokuyama Corporation. (Japan), Qatar Petrochemical Company (QAPCO) Q.P.J.S.C (Qatar), AGC Chemicals Americas (US), Chevron Phillips Chemical Company LLC. (US), and Lyondellbasell Industries Holdings B.V. (Netherlands), among others

Market Opportunities

  • Emergence of bio-based vinyl chloride monomer (VCM)
  • Advancement in the product through research and development
  • Increase in the use of vinyl chloride monomer (VCM) as an additive material

Vinyl Chloride Monomer (VCM) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Use for Various Fluids and Products

The increase in the use of vinyl chloride monomer (VCM) as an additive material in the production of various plastic products and working fluids acts as one of the major factors driving the growth of vinyl chloride monomer (VCM) market.

  • Demand from Numerous Industries

The rise in the usage of vinyl chloride monomer (VCM) in several companies engaged in manufacturing of automobiles, equipment and machineries, and metal products, among others accelerate the market growth.

  • PVC Applications

The rise in the PVC applications such as cable and wires, tubes, floorings, doors, pipe and fittings, windows, and bottles further influence the market. The increase in the use of vinyl chloride monomer (VCM) in ethylenediamine and chlorinated solvents production assist in the expansion of the market.

Additionally, the surge in investments, expansion of manufacturing industries, usage in consumer goods packaging and rapid industrialization positively affect the vinyl chloride monomer (VCM) market.

Opportunities

Furthermore, emergence of bio-based vinyl chloride monomer (VCM) extend profitable opportunities to the market players 2022 to 2029. Also, advancement in the product through research and development will further expand the market.

Restraints/Challenges faced by the Vinyl Chloride Monomer (VCM) Market

On the other hand, environmental concerns and availability of substitutes in various applications are expected to obstruct the market growth. Also, fluctuating raw material prices and stringent government regulations are projected to challenge the vinyl chloride monomer (VCM) market in 2022-2029.

This vinyl chloride monomer (VCM) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vinyl chloride monomer (VCM) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Methane Hydrate Extraction Market

COVID-19 had a negative impact on various industries including vinyl chloride monomer (VCM) market. Both public and government sectors suffered greatly due to the facing financial crises during the outbreak of COVID-19. Businesses were shut down in numerous countries because of the social distancing guidelines and the imposition of lockdown. The vinyl chloride monomer (VCM) industry faced huge problems due to the shortage of laborers declining the low production. A decline in the demand vinyl chloride monomer (VCM) was witnessed owing to the limited production and shut down of industries, such as oil and gas sectors, building and construction, and chemical, among others. However, the vinyl chloride monomer (VCM) market is expected to witness growth in demand after the post-covid-19 situation.

Global Vinyl Chloride Monomer (VCM) Market Scope

The vinyl chloride monomer (VCM) market is segmented on the basis of raw material, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Raw Material

Application

  • PVC
  • Copolymer Resins

End User

  • Building and Construction
  • Healthcare
  • Agriculture
  • Electrical and Electronics
  • Others

Vinyl Chloride Monomer (VCM) Market Regional Analysis/Insights

The vinyl chloride monomer (VCM) market is analyzed and market size insights and trends are provided by country, raw material, application and end user as referenced above.

The countries covered in the vinyl chloride monomer (VCM) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific (APAC) dominates the vinyl chloride monomer (VCM) market because of the rise in the degree of industrialization and construction activities. Furthermore, the occurrence of huge production capability of vinyl chloride monomer (VCM) accelerate the market.

North America are expected to witness a steady rate during the forecast period of 2022 to 2029 due to the technological advancements. Moreover, the decrease in the price of raw materials availability is further drives the market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Vinyl Chloride Monomer (VCM) Market Share Analysis

The vinyl chloride monomer (VCM) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vinyl chloride monomer (VCM) market.

Some of the major players operating in the vinyl chloride monomer (VCM) market are

  • Formosa Plastics Corporation (Taiwan)
  • The Axiall Corporation (US)
  • Occidental Petroleum Corporation (US)
  • Dow (US)
  • Bayer AG (Germany)
  • Akdeniz Chemson (Austria)
  • Mexichem (Mexico)
  • NOVA Chemicals (Canada)
  • DuPont (US)
  • BOYTEK A.S. (Turkey)
  • BASF SE (Germany)
  • Westlake Chemical Corporation. (US)
  • INEOS (UK)
  • LG Chem. (South Korea)
  • Reliance Industries Limited (India)
  • Tokuyama Corporation. (Japan)
  • Qatar Petrochemical Company (QAPCO) Q.P.J.S.C (Qatar)
  • AGC Chemicals Americas (US)
  • Chevron Phillips Chemical Company LLC. (US)
  • Lyondellbasell Industries Holdings B.V. (Netherlands)


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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

Global Vinyl Chloride Monomer (VCM) Market is expected USD 1,402.94 million by 2029.
The Vinyl Chloride Monomer (VCM) Market is to grow at a CAGR of 4.80% during the forecast by 2029.
On the basis of application, the Vinyl Chloride Monomer (VCM) Market is segmented into PVC and Copolymer Resins.
The major players operating in the Vinyl Chloride Monomer (VCM) Market are Formosa Plastics Corporation (Taiwan), The Axiall Corporation (US), Occidental Petroleum Corporation (US), Dow (US), Bayer AG (Germany), Akdeniz Chemson (Austria), Mexichem (Mexico), NOVA Chemicals (Canada), DuPont (US), BOYTEK A.S. (Turkey), BASF SE (Germany), Westlake Chemical Corporation. (US), INEOS (UK), LG Chem. (South Korea), Reliance Industries Limited (India), Tokuyama Corporation. (Japan), Qatar Petrochemical Company (QAPCO) Q.P.J.S.C (Qatar), AGC Chemicals Americas (US), Chevron Phillips Chemical Company LLC. (US), and Lyondellbasell Industries Holdings B.V. (Netherlands), among others.
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