Global Vinyl Chloride Monomer Market Copolymer resins used in the building and construction industries can be produced with great efficiency using vinyl chloride monomer. They have become extremely well-liked in a variety of industries, including electrical, agriculture, and health care.
Forecasts indicate that the market for vinyl chloride monomers will increase at a pace of 5.9%, from USD 12.27 billion in 2019 to USD 19.43 billion in 2027. One of the key market trends in the upcoming years will be a rise in the commercialization and expanding production of bio-based vinyl chloride monomer. Demand for bio-based products made from sugarcane and other bio feedstocks will increase throughout the course of the projected period. To create bio-based vinyl chloride monomers, producers use sugarcane ethanol. By reducing its reliance on fossil fuels, the usage of bio-based market items also contributes to a reduction in carbon footprint and greenhouse gas emissions.
Over the course of the forecast period, it is anticipated that the worldwide vinyl chloride monomer would expand favourably as a result of the expanding piping and building industries. They are regarded as an active component of the petrochemical sector. PVC, or polyvinyl chloride, is produced using vinyl chloride monomer (VCM), coupled with certain copolymer resins that are employed in the building and construction industry. In addition, they are utilised in the electrical, agricultural, and health care industries. Over the course of the forecast period, development along with expansion in the electrical, agricultural, and healthcare sectors is anticipated to drive the global vinyl chloride monomer. Applications for PVC such as pipe and fittings, cable and wires, floorings, tubes, windows, floorings, bottles, and doors are predicted to increase, which is expected to boost the global market.
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Analytics Market Research has added a new key research reports covering Vinyl Chloride Monomer. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Vinyl Chloride Monomer. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Vinyl Chloride Monomer. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth.
One of the key trends that will gain traction in the vinyl chloride monomer over the coming few years is the rise in the commercialization and production of bio-based VCM. In the upcoming years, demand for bio-based goods made from sugarcane and other bio-based feedstocks will increase. The production of bio-based VCMs using sugarcane ethanol is being considered by manufacturers. Utilizing VCM made from biomaterials reduces reliance on fossil fuels, greenhouse gas emissions, and carbon footprint on the environment. Due to the fact that 80% of vinyl chloride monomer (VCM) was utilised in PVC, this subsegment was the largest globally.
Global Vinyl Chloride Monomer: Major Players
Georgia Gulf Corporation
Formosa Plastics Group
Occidental Chemical Corporation
Global Vinyl Chloride Monomer: Types
By Mixed Olefin Acetylene
Global Vinyl Chloride Monomer: Applications
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