Global vinyl chloride monomer (VCM) is expected to grow positively owing to growing construction industry coupled with piping industry over the forecast period. They are considered as dynamic part of petrochemical industry. Vinyl chloride monomer is primarily used for polyvinyl chloride i.e. PVC production along with some copolymer resins, which is used by building and construction sector. They are also used in health care, agriculture and electrical sector. Development coupled with growth in the healthcare, agriculture and electrical sector are expected to propel global vinyl chloride monomer (VCM) market over the forecast period. Increase in PVC application such as pipe & fittings, cable & wires, floorings, tubes, windows, floorings, bottles and doors are expected to further develop global vinyl chloride monomer market over the forecast period. Vinyl chloride monomers are also used in ethylene diamine and chlorinated solvents production. Shifting focus for bio based vinyl chloride monomer is expected to be the major opportunity for vinyl chloride monomer market growth over the forecast period. They are produced by acetylene hydro-chlorination and ethylene dichloride de-hydro-chlorination. Process involved in vinyl chloride monomer (VCM) production which is called balanced process which is expected to pollute environment as it consumes huge amount of energy. Major VCM parts are used in poly vinyl chloride (PVC) production. Growing environmental concerns such as carbon emission and global warming along with health related issues are expected to obstruct global vinyl chloride monomer market over the forecast period. Lack in end use industries diversification and raw materials price volatility are also expected to hinder market growth across the globe in coming years. Technological barrier is also expected to obstruct the global market growth.
Global vinyl chloride monomer market is segmented on the basis of application. Application segment is categorized as PVC and others. Others include construction, building, electrical and agriculture sector. PVC was the major sub segment as 80 % of VCM was used in its product and expected to be the major global vinyl chloride monomer application.
Asia Pacific was holding the major global vinyl chloride monomer market share. The market was followed by North America and Europe. China along with India are major countries which are expected to be the major market growth contributor in Asia Pacific region. In coming years, huge demand is expected from Asia Pacific region on account of emerging economies coupled with growing end use industries. U.S was the principal VCM manufacturer followed by China on account of technological development and low cost raw materials availability. Owing to infrastructure development and rise in poly vinyl chloride application, vinyl chloride monomer demand was high in developing countries in comparison with developed countries. Moderate growth rate is expected in Europe over the forecast period.
Global vinyl chloride monomer market players include Georgia Gulf Corporation, Formosa Plastics Group, Axiall, Occidental Chemical Corporation and Dow Chemicals are some key players. These companies were holding more than one third share of global vinyl chloride monomer market. Other small scale companies operating in vinyl chloride monomer market are Bayer, Chemson Group, Mexichem, Nova Chemical, DuPont and Boytek. Global VCM market is highly fragmented in nature resulting into more competition among the present market players across the globe. Companies are expected to continue their research and development activities for bio based vinyl chloride monomer in order to penetrate in eco friendly product segment. This is expected to increase their market share and help the company to strengthen their global network. Companies are also expected to adopt various innovative strategy such as mergers, acquisition and joint venture in account of increasing their market volume along with their revenue. They are also expected to work on their technological development in order to simplify the production process and also minimize the risk
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