Vinyl Chloride Monomer Market Growth Analysis

Market Highlights

The Vinyl Chloride Monomer Market is expected to grow from USD 62.03 billion in 2022 to USD 94.67 billion by 2028 at a CAGR of 7.20% during the forecast period.

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What is Vinyl Chloride Monomer?

Vinyl Chloride Monomer is a colorless, combustible gas at room temperature. It is used to produce polyvinyl chloride, which is then used in the building and construction industry. The increased demand for numerous applications in the building and construction sector is a major driver driving the market expansion. In addition, the growing demand for vinyl chloride monomer in the healthcare industry is expected to boost the product demand even further.

Segments Analysis

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories-

By Application Type

• PVC 
• Others 

By End-User Type

• Building & Construction 
• Healthcare 
• Electrical 
• Others 

By Region

• North America 
• Europe 
• Asia-Pacific 
• Rest of the World

By Application Type

The market for vinyl chloride monomer is segmented as PVC and others. The PVC segment dominates the market. The widespread use of polyvinyl chloride (PVC) in the construction and automotive industries is a major driver of its market share growth. As a hard shape, PVC is commonly used in the construction of pipelines, doors, and window frames. Plasticized PVC replacing wood in window frames and sills is also becoming more popular and is a major driver of the industry’s growth.

By End-User Type

The market is segmented as building & construction, healthcare, electrical, and others. The building & construction segment leads the market. The demand for expansion in the building and construction industry drives the growth of the vinyl chloride monomer market. Vinyl chloride monomer is used in the construction industry for siding, roofing, wire, and link protection, window outlines, and other applications.

Regional Analysis

Asia-Pacific is expected to remain the largest market for vinyl chloride monomer during the forecast period. The growth of the region's market can be attributed to an increase in the production of plastic products. The demand for vinyl chloride is increasing significantly in China and India due to rapid industrialization, expanding industrial sectors, and large investments in infrastructure development. Furthermore, the increasing use of vinyl chloride in a range of construction applications has attracted substantial investment in this market.

Key Players

Most of the companies in the market are integrated across the value chain and are involved in raw material production, processing as well as manufacturing of finished products. The following are some of the key players in the vinyl chloride monomer market:

• AGC Chemicals
• Ercros S.A
• Occidental Petroleum Corporation
• Olin Corporation
• Shin-Etsu PVC B.V.
• The Chemson Group
• Tosoh Corporation
• Vinnolit GmbH & Co. KG
• Vynova Group
• Westlake Chemical Corporation

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s vinyl chloride monomer market realities and future market possibilities for the forecast period of 2023 to 2028. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and Passenger, please send your inquiry to [email protected]