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Vinyl Chloride Market Size, Share, Growth and Demand, Report 2024-2031

09-09-2024 12:31 PM CET | Chemicals & Materials

Press release from: DataM Intelligence 4Market Research

Vinyl Chloride Market || 2024-2031

Vinyl Chloride Market || 2024-2031

Vinyl chloride, also known as vinyl chloride monomer (VCM) or chloroethene, is an organochloride industrially produced for various commercial applications. It is primarily used in industries such as construction, automotive, and electronics, due to its role in producing polyvinyl chloride (PVC), a widely used thermoplastic. PVC is utilized in manufacturing a range of products including pipes, fittings, wires, cables, sheets, bottles, windows, doors, roofing, and automotive parts. The expanding application of vinyl chloride across these industries is anticipated to drive the global market growth at a high CAGR during the forecast period. Additionally, advancements in manufacturing technologies, spurred by evolving safety and environmental regulations, are key trends shaping the market.

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Market Dynamics:

Growth in End-User Industries

The expansion of key end-user industries, including automotive, building & construction, healthcare, and electronics, is significantly driving the growth of the global vinyl chloride market. Vinyl chloride is integral to numerous applications across these sectors, such as piping and siding in construction, blood bags and tubing in healthcare, and wire and cable insulation, as well as windshield system components in the automotive industry.

In the automotive sector, vinyl's flexibility and cost-effectiveness contribute to the safety and quality of modern vehicles. The International Organization of Motor Vehicle Manufacturers (OICA) reported a 25% increase in global automobile production from 2000 to 2017, indicating robust growth in this sector. This growth is expected to further boost the demand for vinyl chloride.
Overall, the diverse applications and benefits of vinyl chloride in these expanding industries are key drivers of its market growth.

Segment Covered in the Vinyl Chloride Market:

By Application: Automotive, Furniture, Construction, Medical equipment, Packaging, Others.

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Key players involved in Vinyl Chloride Market:

• Axiall
• Occidental Chemical Corporation
• Dow Chemicals
• Mexichem
• Nova Chemical
• Tokuyama
• Mitsubishi Chemicals

Related Reports:

Smart Glass Market: https://www.datamintelligence.com/research-report/smart-glass-market

Barrier Resins Market: https://www.datamintelligence.com/research-report/barrier-resins-market

Fluoropolymers Market: https://www.datamintelligence.com/research-report/fluoropolymers-market

Regional Analysis:

The Vinyl Chloride Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Vinyl Chloride Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

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