Global Vinyl Chloride Monomer Market Size to Exceed USD 198.20 Billion by 2035 | CAGR of 3.63%
Category: Chemicals & MaterialsGlobal Vinyl Chloride Monomer Market Size to Exceed USD 198.20 Billion by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Vinyl Chloride Monomer Market Size is expected to Grow from USD 90.85 Billion in 2024 to USD 198.20 Billion by 2035, at a CAGR of 3.63% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Vinyl Chloride Monomer Market Size, Share, and COVID-19 Impact Analysis, By Application (PVC, Copolymer resins, and Chlorinated Solvents), By End User (Building & construction, Healthcare, Agriculture, Electrical & electronics, Automotive, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 - 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/vinyl-chloride-monomer-market
The global business that produces, distributes, and uses vinyl chloride monomer (VCM), a colorless gas that is mostly utilized as a vital raw material in the production of polyvinyl chloride (PVC), is referred to as the vinyl chloride monomer (VCM) market. PVC's durability, chemical resistance, and adaptability make it a popular choice for a wide range of industries, including packaging, healthcare, automotive, and construction. The extraction of raw materials, chemical synthesis procedures, and downstream supply chains are all included in the VCM market. The demand for vinyl chloride monomer in India is being driven by manufacturers' adoption of eco-friendly production techniques due to strict environmental restrictions and consumer preferences for sustainable products. An important factor driving the vinyl chloride monomer market in India is the growing demand for polyvinyl chloride (PVC) across a range of sectors. The market for vinyl chloride monomer is expanding favorably due to the increased focus on environmentally friendly and sustainable production techniques. However, strict environmental laws, health hazards, fluctuating raw material prices, and erratic demand in important end-use industries are some of the restraining factors in the market.
The PVC segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the application, the vinyl chloride monomer market is divided into PVC, copolymer resins, and chlorinated solvents. Among these, the PVC segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The vinyl chloride monomer market in India is being greatly supported by the growing demand for polyvinyl chloride (PVC) across a number of industries. One important VCM derivative, PVC, finds extensive application in the building, automotive, packaging, and medical industries.
The building & construction segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end user, the vinyl chloride monomer market is divided into building & construction, healthcare, agriculture, electrical & electronics, automotive, and others. Among these, the building & construction segment accounted for the largest share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Polyvinyl chloride (PVC), which is formed from VCM, is widely used in pipes, fittings, window frames, flooring, and insulation materials, which is the main reason for the building and building & construction segment.
Asia Pacific is expected to hold the majority share of the global vinyl chloride monomer market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global vinyl chloride monomer market during the forecast period. The demand for polyvinyl chloride (PVC) products, which are mostly made from VCM, is rising as a result of rapid industrialization, urbanization, and infrastructure development in nations like China, India, and Southeast Asia. VCM use is also rising as a result of the region's developing packaging, automotive, and building & construction industries. Additionally, the region's competitive edge is strengthened by the existence of significant VCM producers and developments in production methods.
North America is anticipated to grow at the fastest pace in the global vinyl chloride monomer market during the forecast period. The growing demand for polyvinyl chloride (PVC) in important sectors, including packaging, automotive, and construction, is the main driver of North America. Market growth is also supported by increased industrial expansion and infrastructure development throughout the region. Supply capacity is also increased by the building & construction of new manufacturing facilities and improvements in production technologies.
Major vendors in the global vinyl chloride monomer market are BASF, Bayer, LG Chem, Dow Dupont, AGC Chemicals, Nova Chemicals, Ineos Styrolution, Reliance Industries, Westlake Corporation, Jubail Chevron Phillips, Formosa Plastics Group, LyondellBasell Industries, Occidental Chemical Corporation, Qatar Vinyl Company, Petroquimica Innovay, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In May 2023, A new line of non-PVC planks and tiles that Tarkett announced highlights the company's overall support for businesses in achieving their sustainable development goals.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the vinyl chloride monomer market based on the below-mentioned segments:
Global Vinyl Chloride Monomer Market, By Application
- PVC
- Copolymer resins
- Chlorinated Solvents
Global Vinyl Chloride Monomer Market, By End User
- Building & construction
- Healthcare
- Agriculture
- Electrical & electronics
- Automotive
- Others
Global Vinyl Chloride Monomer Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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