Vinyl Chloride Monomer (VCM) Market Analysis Report:
In a recent research report by Market Research Community, the Vinyl Chloride Monomer (VCM) Market is expected to surpass USD 22.69 Billion by the year 2030, from USD 14.70 Billion in 2021.
Vinyl chloride monomer (VCM) is an organic compound with the chemical formula H2C=CHCl. It is a colorless, flammable gas with a sweet, chloroform-like odor. VCM is used primarily as a starting material for the production of polyvinyl chloride (PVC), which is used to make a wide range of plastic products, including pipes, siding, and wire and cable insulation.
VCM has been identified as a human carcinogen, and exposure to high levels of the chemical can cause serious health effects, including cancer and liver damage. As a result, strict regulations have been put in place to control emissions of VCM from PVC manufacturing facilities.
Despite a major drop in product sales during the early phase of pandemic spread and worldwide lockdown limitations, the market is expected to rise at a high rate, reaching a CAGR of roughly 6.4% between 2022 and 2030.
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Top Key Players:
Formosa Plastics Corporation, Occidental Petroleum Corporation, Dow, Bayer AG, Akdeniz Chemson, Mexichem, NOVA Chemicals, DuPont, BOYTEK A.S., BASF SE, Westlake Chemical Corporation, INEOS, LG Chem., Reliance Industries Limited, Tokuyama Corporation.
By Application
- PVC
- Copolymer Resins
By End Use
- Building and Construction
- Healthcare
- Agriculture
Regional Analysis:
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
The Asia-Pacific region is expected to be the largest consumer of VCM, driven by the high demand for PVC in the construction and building industry in China and India. The market in North America and Europe is expected to grow at a moderate rate, owing to the saturation of the construction industry in these regions.
The global VCM market is expected to grow at a moderate rate in the forecast period. The growth is driven by increasing demand for PVC in the construction and building industry. Overall, the VCM market is expected to continue growing in the forecast period, driven by the increasing demand for PVC in various industries.
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