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.
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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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