Vinyl Chloride Monomer (VCM) Market Sees Promising Growth

Vinyl Chloride Monomer is a flammable gas, colourless which is used in the manufacturing of polyvinyl chloride and is used mainly in the building & construction industry. The chemical is produced commercially by combining hydrocarbon feedstock, which is obtained by cracking natural gas or petroleum with elemental chlorine. Global vinyl chloride monomer market is expected to rise to an estimated value of USD 18.4 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to the increase in demand from the building & construction industry. Top Manufacturers Covered in the Report: Formosa Plastics Corporation, U.S.A., Axiall, Occidental Petroleum Corporation, Dow, Bayer AG, Chemson Group, Mexichem S.A.B. de C.V., NOVA Chemicals Corporation, DuPont de Nemours, Inc., BOYTEK A.S. among others.

Segmentation: Global Vinyl Chloride Monomer (VCM) Market

Global Vinyl Chloride Monomer (VCM) Market By Raw Material (Ethylene, Chlorine, Oxygen, Others)

Application (PVC and Copolymer Resins)

End-User (Building & Construction, Healthcare, Agriculture, Electrical & Electronics and Others)

Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Key Developments in the Market:

• In July 2018, Shintech Louisiana invested $1.49 billion so that they can develop a chloralkali and vinyl chloride monomer production plant and expanded the production of vinyl chloride monomer. It will help the company to expand its business and increase their product portfolio
• In September 2018, AGC increases its production capacity of polyvinyl chloride (PVC) by 200,000 tons, expanding it to 750,000 tons. It will help the company to expand their business and strengthen themselves in the market

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Market Drivers:

• Rise in demand for vinyl chloride monomer in the automotive industry drives the market growth
• Advancements in medical technologies and emergence of advanced medical devices
• Growing industrial activities which involves piping in food & chemical processing, landfill liners is also drives the market
• Increasing application of PVC in consumer and electrical & electronic industries

Market Restraints:

• Global environmental concerns such as carbon emission and global warming
• Recent economic slowdown has affected automotive and construction markets in the U.S. & Canada
• Changing demand-supply spectrum owing to strengthening of regulations in Asia-Pacific region

Competitive Analysis:

Global vinyl chloride monomer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Vinyl Chloride Monomer market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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