Info-graphic view of Vinyl Chloride Monomer (VCM) Market Viewpoint, Trends and Predictions 2022-2028

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 2028, from USD 14.70 Billion in 2021.

Vinyl chloride monomer (VCM) is a colorless organochloride with chemical formula is C2H3Cl and is flammable gas at room temperature. VCM is used to produce a lightweight, highly stable, non-flammable, and durable plastic polyvinyl chloride (PVC). Moreover, vinyl chloride is carcinogenic and has a wide range of applications in various end-user industries.

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Healthcare and agriculture sector is expected to support the growth of the application segment in the vinyl chloride monomer market. Vinyl chloride monomer plays a critical role in dispensing life-saving medicine via medical tubing and IV bags.

Top Key Players of the Vinyl Chloride Monomer (VCM) Market:

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., Qatar Petrochemical Company (QAPCO) Q.P.J.S.C (Qatar), AGC Chemicals Americas, Chevron Phillips Chemical Company LLC., Lyondellbasell Industries Holdings B.V.

On the Basis of Application:
PVC
Copolymer Resins

The Asia Pacific dominated the vinyl chloride monomer market owing to fast-growing end-use industries and high production in the region. Further, rapid expenditure in the construction sector and increasing industrialization are expected to support the growth of the market. Further, Europe, North America, the Middle East, Africa, and Latin America are expected to support the growth of the market.

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The market is projected to grow at a significant pace reaching a CAGR of approximately 6.4%, over the forecast period of 2022-2028, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.

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)

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The study is consolidated into major segments and further into sub-segments, such as by Application (PVC and Copolymer Resins), End User (Building and Construction, Healthcare, Agriculture, Electrical and Electronics, Others), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 - 2021, considering 2021 as the base year.

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This release was published on openPR.