Vinyl Chloride Monomer Market, Size, Share, Growth, Future Prospects, and Competitive Analysis, 2024-2032

Vinyl Chloride Monomer is an essential intermediate primarily used as a precursor to the production of polyvinyl chloride, thus considered to be an important chemical in the petrochemical industry. The vinyl chloride monomer is a flammable compound, which is also colorless and capable of emitting hazardous fumes. The vinyl chloride monomer is further used in chlorinated solvent production and as an aerosol propellant. The monomer has a sweet odor but is found to react violently in event of long exposure to heat and fire. The primary ingredients essential for VCM production include ethylene as hydrocarbon feedstock and chlorine as a cracking element, along with the combination of brine.

The Vinyl Chloride Monomer market is anticipated to be around US$ 18842.1 million by 2027. Over the forecast period, the market is expected to grow at a CAGR of 5.7%. 

Increasing product demand for PVC production from the construction industry to propel market growth

Increasing product demand for PVC production from the construction industry and rising product demand for integration in the healthcare industry would act as some of the primary influential factors responsible for the growth of the Vinyl Chloride Monomer market. However, the volatility in fluctuating raw material pricing and issues of environmental degradation during product manufacturing activities might act as challenges to market growth in the coming years. The gradual surge in product usage in developing economies and remote areas would provide crucial companies with new opportunities for product sales and business expansion initiatives during the forecast period.

The primary application of vinyl chloride monomer as an introductory intermediate in the production of polyvinyl chloride and its subsequent application in several areas of the construction industry is termed as one of the influential factors primarily responsible for the growth of the market. The monomer is extensively integrated into different aspects of building construction for the residential and commercial sectors, as roofing, wiring, window outlining, and siding emerges as some of the many avenues of product application. The availability of fresh funding and the continued resurgence in building activities would present a formidable sale avenue for vinyl chloride monomers, thereby bolstering market growth potential in the ensuing period.

PVC is expected to account for a significant market share in the Application segment

The global Vinyl Chloride Monomer market is mainly classified based on Raw Material, Application, and End-Users. Raw Material is segmented into Ethylene, Chlorine, and Others. By Application, the market is categorized into PVC and Copolymer Resins. By End-Users, the market is bifurcated and divided into Building & Construction, Healthcare, Agriculture, Electrical & Electronics, and Others.

On the basis of Application, the PVC segment is expected to account for a significant share of the market in terms of overall revenue owing to its primary use as a chemical intermediate in the production process of polyvinyl chlorine. The PVC demand is influenced by its integration into the building & construction industry around the globe, which has played a crucial role in instigating sales and growth prospects of the Vinyl Chloride Monomer market during the forecast period.

Interesting Facts of Vinyl Chloride Monomer Market.

• As vinyl chloride monomer manufacturers focus more on improving product characteristics and overall performance, Ethylene is expected to account for a significant market share in the Raw Material segment.

• The Asia Pacific will have the highest proportion of the Vinyl Chloride Monomer industry by region, with government bodies of a number of developing countries highly focused on infrastructural development through increased spending on public utility facilities and commercial buildings.

• The gradual efforts aimed at the facilitation of manufacturing activities catering to the production of bio-based vinyl chloride monomers in a bid to reduce the environmental impact of associated processes would present a lucrative avenue of product innovation for key manufacturers looking to strengthen market positioning.

• Building & Construction is expected to have the largest market share in the Vinyl Chloride Monomer market by End-Users due to a growing prominence in the importance of vinyl chloride monomer and its subsequent integration in the production of polyvinyl chloride.

• China and India would have the most prominent shares of the Asia Pacific Vinyl Chloride Monomer market due to the availability of public & private funding for expansion of construction activities and untapped market potential of remote areas in terms of fresh business growth opportunities.

The Asia Pacific will account for the largest share of the Vinyl Chloride Monomer industry.

The Asia-Pacific market for Vinyl Chloride Monomer is expected to witness robust growth and account for a substantial market share by region. The presence and high spending power of several enterprises in the prominent countries of China, Japan, and India have been identified as the major contributors to the growth of the regional market. The resurgence in construction spending for infrastructural development has been termed as a key factor for the economic growth of several developing nations of Asia Pacific, which would further instigate demand and sale potential for Vinyl Chloride Monomer in the region.

Vinyl Chloride Monomer Market Key Players

Some of the major competitors in the global Vinyl Chloride Monomer market include AGC Chemicals Company, Ercros S.A., Formosa Plastics Corporation, INEOS Group, Occidental Petroleum Corporation, Olin Corporation, Qatar Vinyl Company, Reliance Industries Limited, Sasol Limited, Shin-Etsu Chemical Co., Ltd., Tokuyama Corporation, Tosoh Corporation, Vinnolit GmbH & Co. KG, Vynova Group, and Westlake Chemical Corporation.

The Vinyl Chloride Monomer has witnessed intensified competitiveness amongst globally prominent companies looking to strengthen their market position through product innovation and facility expansions. The following are some recent market developments: Formosa Plastics USA announced on January 27, 2021, its intention to start building a new 120 USD million ethylene dichloride/vinyl chloride monomer reactor unit at its Texas, United States facility. Moreover, on July 24, 2018, Shintech Louisiana, LLC announced the expenditure of 1.49 USD billion in order to establish a new facility for vinyl chloride monomer and chlor alkali production. The company operates as a subsidiary of Shin-Etsu Chemical Co., Ltd.

Frequently asked questions about the global Vinyl Chloride Monomer market

Q: What is the current size of the global Vinyl Chloride Monomer market?

Ans: The Vinyl Chloride Monomer market is anticipated to be around US$ 18842.1 million by 2027. Over the forecast period, the market is expected to grow at a CAGR of 5.7%.

Q: What are the major opportunities in the Vinyl Chloride Monomer industry?

Ans: The gradual surge in product usage in developing economies and remote areas would serve as one of the key opportunities for the market.

Q: What is the major growth driving factor for the Vinyl Chloride Monomer industry?

Ans: The increasing product demand for PVC production for the construction industry and rising product demand for integration in the healthcare industry are some of the market's primary influential forces.

Q: Which region is expected to have the largest share of the Vinyl Chloride Monomer market?

Ans: The Asia Pacific will dominate the Vinyl Chloride Monomer market by region.

Q: Which End-Users segment will dominate the Vinyl Chloride Monomer market?

Ans: Building & Construction segment is expected to have the largest market share by End-Users.

1. Vinyl Chloride Monomer Market – Introduction

1. Market Definition

2. Research Objective and Scope of the Report

2. Vinyl Chloride Monomer Market – Research Methodology

3. Vinyl Chloride Monomer Market – Executive Summary

1. Market Snippet, By Raw Material

2. Market Snippet, By Application

3. Market Snippet, By End-User

4. Market Snippet, By Region

4. Vinyl Chloride Monomer Market – Market Dynamics

1. Market Dynamics

1. Drivers

2. Restraints

2. Market Opportunities

3. Porter’s Five Analysis

4. Regulatory Analysis

5. Market Trends

6. Key Developments

5. Vinyl Chloride Monomer Market – COVID Impact Analysis

6. Vinyl Chloride Monomer Market – By Raw Material

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material

2. Market Attractiveness Index, By Raw Material

2. Ethylene

1. Introduction

2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

3. Chlorine

4. Others

7. Vinyl Chloride Monomer Market – By Application

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

2. Market Attractiveness Index, By Application

2. PVC

1. Introduction

2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

3. Copolymer Resins

8. Vinyl Chloride Monomer Market – By End-User

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

2. Market Attractiveness Index, By End-User

2. Building & Construction

1. Introduction

2. Market Size Analysis, and Y-o-Y Growth Analysis (%)

3. Healthcare

4. Agriculture

5. Electrical & Electronics

6. Others

9. Vinyl Chloride Monomer Market - By Region

1. Introduction

1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

2. Market Attractiveness Index, By Region

2. North America

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. The U.S.

2. Canada

3. Mexico

3. Europe

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. Germany

2. The U.K.

3. France

4. Italy

5. Spain

6. Rest of Europe

4. South America

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. Brazil

2. Argentina

3. Rest of South America

5. Asia-Pacific

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

1. China

2. India

3. Japan

4. Australia

5. Rest of Asia Pacific

6. The Middle East and Africa

1. Introduction

2. Key Region-Specific Dynamics

3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Raw Material

4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-User

10. Vinyl Chloride Monomer Market – Competitive Landscape

1. Competitive Scenario

2. Comparative Product Portfolio Analysis

3. Market Positioning/Share Analysis

4. Mergers and Acquisitions Analysis

5. SWOT Analysis

6. Company Profiles

1. AGC Chemicals Company

1. Company Overview

2. Product Portfolio

3. Financials

4. Key Developments

2. Ercros S.A.

3. Formosa Plastics Corporation

4. INEOS Group

5. Occidental Petroleum Corporation

6. Olin Corporation

7. Qatar Vinyl Company

8. Reliance Industries Limited

9. Sasol Limited

10. Shin-Etsu Chemical Co., Ltd.

11. Tokuyama Corporation

12. Tosoh Corporation

13. Vinnolit GmbH & Co. KG

14. Vynova Group

15. Westlake Chemical Corporation

11. Appendix

1. About Us and Services

2. Related Reports

3. Contact Us