(MENAFN - America News Hour) Theend-use areas of vinyl chloride monomer market include building &
construction, healthcare, agriculture, electrical & electronics, consumer
durables and others. VCM act as a precursor in several industries. More than
half of the total vinyl chloride consumption is for commercial, residential,
and nonresidential construction products. Rising urbanization, along with
growing construction spending by the governments in emerging economies to
improve rail network, roads, residential areas, water supply etc. will have
positive impact on the global vinyl chloride monomer market size in the coming
years. Europe has made certain stringent policies to promote sustainable
construction techniques which will help reduce greenhouse gas emissions and
also improve energy efficiency.
on the raw material, global vinyl chloride monomer market size can be divided
into chlorine, ethylene, and oxygen. Vinyl chloride monomer is produced through
thermal cracking of ethylene dichloride. Ethylene dichloride vapor breaks down,
to produce anhydrous hydrogen chloride and vinyl chloride when heated in a
cracking furnace under high pressure. On the other hand, chlorine is derived
from brine and it also possess excellent inherent flame-retardant properties
that are directly passed on to vinyl end-products, such as electrical conduit
and wiring, which require high resistance to flame.
Get More Details @https://www.gminsights.com/request-toc/upcoming/3877
Chloride Monomer Market size is likely to propel significantly from 2019 to
2025 due to strong product demand from construction, healthcare and electronics
industry. It is an organochloride manufactured by heating ethylene dichloride
(EDC) in the presence of oxygen. It is mainly utilized to process polyvinyl
chloride (PVC), which is a colorless, highly toxic flammable gas that readily
forms a liquid under increased pressure or at reduced temperatures. It is one
of the largest producing petrochemical in the world, with the U.S. producing
the largest chunk of VCM globally due to its cost advantage in chlorine and
ethylene raw materials.
the other hand, China is the largest consumer of VCM. Global vinyl chloride
monomer market is poised to grow substantially owing to rising building &
construction sector in developing nations which will boost PVC demand for
piping applications over the forecast timespan.
act as a precursor to polyvinyl chloride (PVC), which is then utilized by
building & construction, automotive, healthcare, electrical sector etc.
Growing applicability of PVC in such end-users for pipe & fittings,
floorings, windows, cable & wires, floorings, tubes, etc. has created new
possibilities for vinyl chloride monomer market. Growing industrial activities
which involves piping in food & chemical processing, landfill liners are
likely to trigger product demand, thus likey to drive the overall vinyl
chloride monomer (VCM) market size by 2025.
Pacific is projected to be the major vinyl chloride monomer market due to high
degree of industrialization and construction activities in Asia Pacific
countries and presence of huge production capability of VCM in the region. On
the other hand, U.S. is the principal VCM manufacturer on account of technological
development and low-cost raw materials availability.
Make an inquiry for purchasing this report @https://www.gminsights.com/inquiry-before-buying/3877
vinyl chloride monomer market is highly fragmented with presence of various
industry players at global as well as local levels. Key players operating in
this industry are Occidental Chemical Corporation, AGC Chemicals, Jubail
Chevron Phillips, Ineos Styrolution, Lyondellbasell Industries, Reliance
Industries, Qatar Vinyl Company Petroquimica Innovay, Bayer, Nova Chemical,
DowDupont, BASF, LG Chem, Formosa Plastics Group, Axiall, Georgia Gulf
Vinyl Chloride Monomer (VCM) Market, By Raw Material,
2014-2025 (Kilo Tons) (USD Million)
Vinyl Chloride Monomer (VCM) Market, By Application,
2014-2025 (Kilo Tons) (USD Million)
- Building & construction
- Electrical & Electronics
- Consumer durables
above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- South Africa
- Saudi Arabia
Full Report @https://www.gminsights.com/industry-analysis/vinyl-chloride-monomer-vcm-market
Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.