The Global Vinyl Chloride Monomer Market is forecasted to grow at a rate of 5.9% from USD 12.27 Billion in 2019 to USD 19.43 Billion in 2027. An increase in commercialization and the growing production of bio-based vinyl chloride monomer will be one of the major trends in the market in the coming years. Bio-based products, produced using sugarcane and other bio feedstock will witness a rise in demand during the forecast period. Manufacturers are utilizing sugarcane ethanol to make bio-based vinyl chloride monomers. The application of bio-based market products also helps in lowering greenhouse gas emissions and decreasing carbon footprint by limiting its fossil fuels dependence.
Top Companies Operating in the Global Vinyl Chloride Monomer Market:
AGC Chemicals, Petroquimica Innovay, Ineos Styrolution, Occidental Chemical Corporation, DowDupont, LG Chem, BASF SE, LyondellBasell Industries, Reliance Industries, and, Qatar Vinyl Company
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Vinyl Chloride Monomer market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Vinyl Chloride Monomer market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Vinyl Chloride Monomer market key players
3.2 Global Vinyl Chloride Monomer size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Vinyl Chloride Monomer market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Vinyl Chloride Monomer Market Segmentation
Production Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Hydrochlorination of Acetylene
- Dehydrochlorination of Ethylene Dichloride
Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- PVC
- Co-Polymer Resins
End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
- Agriculture
- Healthcare
- Building Construction
- Electrical and Electronics
- Others
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