Vinyl Chloride Monomer Market
Vinyl Chloride Monomer Market Overview
The Vinyl Chloride Monomer Market Research Report covers a detailed analysis of strategy, micro and macro market trends and scenarios, pricing analysis, and short-term market circumstances, as well as an in-depth look at the main rivals. . The report covers future trends that are expected to drive the development of the Vinyl Chloride Monomer market.
Vinyl chloride is an organochloride with the formula H2C=CHCl. It is also known as VCM (Vinyl chloride monomer) or chloroethene. In order to create vinyl chloride, Justus von Liebig and his student Henri Victor Regnault combined 1,2-dichloroethane with a potassium hydroxide solution in ethanol in 1835. This colourless chemical is mostly used in the production of the PVC polymer (Polyvinyl chloride). Around 13 billion kilos are produced per year. On the global market, VCM is one of the top twenty petrochemicals (chemicals generated from petroleum). It is a sweet-smelling gas that is also highly carcinogenic, flammable, and toxic. It is created in the environment when soil organisms degrade chlorinated solvents.
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Vinyl Chloride Monomer Market Report Scope and Research Methodology
The report outlines the present and historical growth patterns of the Vinyl Chloride Monomer market, along with the state of the market CAGR, market size, forecast and revenue share, and trends price. The Vinyl Chloride Monomer market report includes prevailing opportunities, industry-specific challenges, and technical advancements that help key players increase revenue and growth The report includes the competitive landscape along with future technical and financial details of the Vinyl Chloride Monomer industry. Company profiles, capacity, manufacturing, price, cost, revenue and statistics are also included in the Vinyl Chloride Monomer market report. The bottom-up approach has been used to estimate the Vinyl Chloride Monomer market size by value and volume. The Vinyl Chloride Monomer market report is a combination of both primary and secondary data collected from extensive research.
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Vinyl Chloride Monomer Market Regional Insights
The Vinyl Chloride Monomer market study includes company profiles from various regions, as well as information on their business strategies and statistics. The analysis of dynamics and the Vinyl Chloride Monomer market size has been provided at local, regional and global levels.
Vinyl Chloride Monomer Market Segmentation
Many vinyl chloride monomer manufacturing businesses were compelled to suspend operations in order to adhere to new regulatory rules as a result of the COVID-19 epidemic. The market for vinyl chloride monomer is directly impacted by this halt in production in terms of revenue flow. Manufacturers were influenced by the COVID-19 supply chain block comprising raw materials and intermediates. During the first several months of the pandemic, logistics costs rose. The growing pandemic compelled businesses to rethink their industrial strategy. The report gives readers more details about the effects of each region, enabling them to make decisions and move forward with recovery following an outbreak.
Polyvinyl chloride, which is predominantly employed in the building industry, is made primarily from vinyl chloride monomer. The desire for expansion in the construction industry mostly regulates the growth of the VCM sector. It is employed in the building sector for several purposes, including window outlines, wire and link protection, siding, and roofing. The global construction market spent more than US $11000 billion in 2021, and predictions indicate that by 2025, it will rise to around US $14000 billion, boosting the expansion of the vinyl chloride monomer market. The worldwide GDP is 13% of the overall construction revenue, and during the projection period, market growth is anticipated as a result of rising construction industry costs.
The most crucial elements in determining the overall costs of VCM products are the cost and availability of raw materials. Some of the essential components required to create VCM include ethane, acetylene, and carbon dioxide. The majority of these fundamental components are derivatives based on crude oil that are subject to fluctuations in commodity prices. The instability in the Middle East and the expanding worldwide demand for crude oil are significant factors that affect VCM prices. The VCM industry is additionally impacted by high energy costs brought on by rising fuel prices, high transportation costs, and high production costs. In response to increasing manufacturing costs, the manufacturers have made sure that price increases are unevenly distributed, with end customers bearing the penalty.
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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
Key questions answered in the Automotive Relay Market are:
- What is Vinyl Chloride Monomer?
- What are the global trends in the Vinyl Chloride Monomer Market?
- What are the major challenges that the Vinyl Chloride Monomer Market could face in the future?
- How is the intervention from regulatory authority is shaping the Vinyl Chloride Monomer Market?
- What growth strategies are the players considering to increase their presence in Automotive Relay Market?
- Who held the largest market share in Vinyl Chloride Monomer Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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