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VCM is a colorless compound, which is used to produce PVC. It is among the top twenty largest petrochemicals. VCM is used in the manufacture of ethylenediamine to produce resins and the production of chlorinated solvents. VCM is used as an aerosol propellant and is also a starting product for polyvinyl resins. It is highly flammable, has a sweet odor, and can emit toxic fumes of carbon monoxide, carbon dioxide, phosgene, and hydrogen chloride. Its exposure to fire and intense heat for a long period may result in rupturing of containers violently.
Market Analysis and Insights: Global Vinyl Chloride Monomer (VCM) Market
Due to the COVID-19 pandemic, the global Vinyl Chloride Monomer (VCM) market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Liquid Vinyl Chloride Monomer accounting for % of the Vinyl Chloride Monomer (VCM) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Industrial segment is altered to an % CAGR throughout this forecast period.
According to the report, one driver in the market is increased demand from construction industry. VCM is mainly used in the production of PVC, which is mostly used in the construction industry. The global construction market is expected to grow at a CAGR of 4% from $8.7 trillion in 2016 to $10.5 trillion in 2021. The increase in population in countries of the Middle East and Africa such as Qatar, the UAE, and Saudi Arabia will witness a huge growth in infrastructural developments. APAC is anticipated to lead the construction market with China and India, acting as the major driver.
Global Vinyl Chloride Monomer (VCM) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Vinyl Chloride Monomer (VCM) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Liquid Vinyl Chloride Monomer
Solid Vinyl Chloride Monomer
Segment by Application
Industrial
Agricultural
Construction
Automobile
Others
By Company
BASF
Formosa Plastics
Occidental Petroleum
The Dow Chemical
Westlake Chemical
INEOS Vinyls UK
LG Chem
Reliance Industries
Tokuyama
Qatar Vinyl
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Vinyl Chloride Monomer (VCM) Market
Due to the COVID-19 pandemic, the global Vinyl Chloride Monomer (VCM) market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Liquid Vinyl Chloride Monomer accounting for % of the Vinyl Chloride Monomer (VCM) global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Industrial segment is altered to an % CAGR throughout this forecast period.
According to the report, one driver in the market is increased demand from construction industry. VCM is mainly used in the production of PVC, which is mostly used in the construction industry. The global construction market is expected to grow at a CAGR of 4% from $8.7 trillion in 2016 to $10.5 trillion in 2021. The increase in population in countries of the Middle East and Africa such as Qatar, the UAE, and Saudi Arabia will witness a huge growth in infrastructural developments. APAC is anticipated to lead the construction market with China and India, acting as the major driver.
Global Vinyl Chloride Monomer (VCM) Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Vinyl Chloride Monomer (VCM) Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Liquid Vinyl Chloride Monomer
Solid Vinyl Chloride Monomer
Segment by Application
Industrial
Agricultural
Construction
Automobile
Others
By Company
BASF
Formosa Plastics
Occidental Petroleum
The Dow Chemical
Westlake Chemical
INEOS Vinyls UK
LG Chem
Reliance Industries
Tokuyama
Qatar Vinyl
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
