Global Vinyl Chloride Monomer Market Overview:

The global vinyl chloride monomer market was valued at US $12.57 Bn. in 2019, and it is expected to reach US $18.14 Bn. by 2027 with a CAGR of 6.3% during the forecast period.

Vinyl chloride, also known as VCM (Vinyl chloride monomer) or chloroethene, is an organochloride with the formula H2C=CHCl. In 1835, Justus von Liebig and his student Henri Victor Regnault synthesized vinyl chloride for the first time by mixing 1,2-dichloroethane with a potassium hydroxide solution in ethanol. This colorless chemical is mostly involved in the manufacturing of the polymer PVC (Polyvinyl chloride).

Global Vinyl Chloride Monomer Market

COVID–19 Influence on Global Vinyl Chloride Monomer Market:

Owing to the COVID-19 pandemic, many vinyl chloride monomer manufacturing companies were forced to halt operations to comply with new government regulations. This pause in operations has a direct impact on the revenue flow of the vinyl chloride monomer market. The COVID-19 supply chain block of raw materials and intermediates influenced manufacturers. The cost of logistics increased during the first few months of the pandemic. Companies were forced to review their industry strategies as a result of the ongoing pandemic. The report provides more information about each region's impact, allowing users to plan their actions and take significant steps toward recovery after an epidemic.

Global Vinyl Chloride Monomer Market Scope: Inquire before buying

Global Vinyl Chloride Monomer Market Segment Analysis:

Based on Application, the global vinyl chloride monomer market is segmented into one type as follows, PVC (Polyvinyl chloride).

In 2019, the PVC segment was dominant and held xx% of the overall market share. This segment is anticipated to grow at a CAGR of xx% over the forecast period. Vinyl chloride monomers act as intermediate in the production of PVC. There are no end products that use vinyl chloride in its monomer form relative to the risk it poses to human health. PVC is a stable, storable plastic that is not nearly as poisonous as VCM. Almost 80% of the VCM globally goes into the production of PVC and it is expected to be the largest application of VCM.

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Global Vinyl Chloride Monomer Market Key Players

• Occidental Chemical Corporation
• AGC Chemicals
• Jubail Chevron Phillips
• Ineos Styrolution
• Lyondellbasell Industries
• Petroquimica Innovay
• Bayer
• Nova Chemical
• Dow Chemical Company
• Dupont de Nemours
• BASF SE
• LG Chem
• Formosa Plastics Group
• Axiall
• Georgia Gulf Corporation
• Reliance Industries
• Qatar Vinyl Company
• JM Eagle
• PolyOne Corporation
• Others

Frequently Asked Questions:

1. What is the forecast period considered for the vinyl chloride monomer market report?
Ans. The considered forecast period for the vinyl chloride monomer market is 2021-2027.

2. Which key factors are hindering the growth of the vinyl chloride monomer market?
Ans. The health issues related to the use of vinyl chloride monomers and volatile prices of raw materials are the key factors expected to hinder the growth of the vinyl chloride monomer market during the forecast period.

3. What is the compound annual growth rate (CAGR) of the vinyl chloride monomer market for the next 6 years?
Ans. The global vinyl chloride monomer market is expected to grow at a CAGR of 6.3% during the forecast period (2021-2027).

4. What are the key factors driving the growth of the vinyl chloride monomer market?
Ans. The increasing demand for VMC from the construction industry is the key factor expected to drive the growth of the vinyl chloride monomer market during the forecast period.

5. Which are the worldwide major key players covered for the vinyl chloride monomer market report?
Ans. Occidental Chemical Corporation, AGC Chemicals, Jubail Chevron Phillips, Ineos Styrolution, Lyondellbasell Industries, Petroquimica Innovay, Bayer, Nova Chemical, Dow Chemical Company, Dupont de Nemours, BASF, LG Chem, Formosa Plastics Group, Axiall, Georgia Gulf Corporation, Reliance Industries, Qatar Vinyl Company, JM Eagle, PolyOne Corporation, and Others.