Global Vinyl Chloride Monomer (VCM) Market 2017-2021

This industry research report identifies BASF, Formosa Plastics, Occidental Petroleum, The Dow Chemical Company, and Westlake Chemical as the key vendors in the global vinyl chloride monomer (VCM) market. A comprehensive analysis of this market is also presented by application (PVC and others) and geography (APAC, Europe, North America, and ROW).

Overview of the global vinyl chloride monomer (VCM) market

Technavio's vinyl chloride monomer industry outlook identifies that the increasing demand from healthcare industry will be one of the major factors that will have a positive impact on the growth of the market. The rise in population in the developing countries has led to the rising demand for medical devices. This is driving the need for VCM from the healthcare industry since it is increasingly used in the manufacture of PVC that is used as a thermoplastic material in medical devices. Moreover, VCMs are also extensively used in blood bags which are unbreakable and flexible. With the healthcare industry witnessing growth owing to factors such as shifting lifestyles, unhealthy eating habits, aging population, rising number of road accidents worldwide, and the increasing occurrences of chronic diseases, the demand for VCM from this industry will continuously increase. Technavio's VCM industry report predict that this market will grow at a CAGR of almost 6% by 2021.

The rise in commercialization and the production of bio-based VCM will be one of the major trends that will gain traction in the vinyl chloride monomer market during the next few years. Bio-based products that are produced using sugarcane and other bio-based feedstock will witness a rise in demand in the coming years. Manufacturers are looking at utilizing sugarcane ethanol to make bio-based VCMs. The use of bio-based VCM lowers the dependence on fossil resources and greenhouse gas emissions and also aids in decreasing the carbon footprint in the environment.

What's your takeaway?

Technavio's industry research report on the global vinyl chloride monomer market 2017-2021 will help you-

• Identify latent opportunities and explorative solutions in the vinyl chloride monomer market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, applicable across 50+ countries

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Competitive landscape and key vendors  

The vendors of the VCM market compete based on operational cost, price, innovation, and product quality. Vinyl chloride monomer manufacturers are increasingly concentrating on obtaining the competitive leverage by coming up with new technologies and improving the margins to keep up with the changing market conditions in end-user industries. Owing to factors such as the price of raw materials and end-products, demand growth rates, capacity expansion plans, and supply flows, the level of competition among the vinyl chloride monomer manufacturers will intensify in the coming years.

The leading vendors in the market are ?

• BASF
• Formosa Plastics
• Occidental Petroleum
• The Dow Chemical Company
• Westlake Chemical

The other prominent vendors in the market are INEOS Vinyls UK, LG Chem, Reliance Industries, Tokuyama, and Qatar Vinyl Company.

Segmentation by application and analysis of the VCM market

• PVC
• Others

According to this industry research and analysis, the PVC segment accounted for the major shares of the VCM market during 2016. The increased utilization of PVC for a wide range of applications and in end-user segments such as electrical, agricultural, and healthcare will be a major factor drive the growth of the market in this segment.

Geographical segmentation and analysis of the VCM market

• APAC
• Europe
• North America
• ROW

In terms of geographic regions, APAC will be the major revenue contributor of the VCM market throughout the forecast period. This growth of the market in this region is mainly due to the increased consumption of VCM in the construction industry in the developing economies of the region. Moreover, the rise in employed population, the increase in the middle-class population, and the growth in disposable income, also fuel the growth of this market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global vinyl chloride monomer (VCM) market?
• What are the key market trends impacting the growth of the global vinyl chloride monomer (VCM) market?
• What are the challenges to market growth?
• Who are the key vendors in the global vinyl chloride monomer (VCM) market?
• What are the market opportunities and threats faced by the vendors in the global vinyl chloride monomer (VCM) market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global vinyl chloride monomer (VCM) market?

Technavio also offers customization on reports based on specific client requirement.

Technavio's upcoming report on the global vinyl chloride monomer is an integral part of the chemicals and materials portfolio under the fast-growing subdivision like plastics, polymers, and elastomers. This report helps clients identify the latest trends and drivers affecting the growth of the chemicals and materials industry. Increasing growth in the healthcare, agriculture, and electrical sectors are some of the major trends in this industry according to Technavio's market research experts.

Our market research analysis includes primary and secondary research techniques like vendor briefings, telephone and online surveys, webinars, and podcasts, and industry journals and publications to help clients develop effective growth strategies and keep pace with the frequently changing market landscape. Vendors such as DOW Chemical, Tosoh Corporation, Sasol, Thyssenkrupp, and Sabic are covered under this upcoming industry research report on the vinyl chloride monomer market. Although the market is expected to witness steady growth over the coming years, volatile prices of raw materials is one of the major challenges facing the chemicals and materials industry. 

The upcoming industry report on the global vinyl chloride monomers market also offers insights into fast-growing segments within the chemicals and materials industry, including sectors like glass and ceramics and industrial gases. Furthermore, this report also presents insights into the dynamic competitive landscape to give clients a realistic picture of the future direction of the industry.

Our market research methodology for the vinyl chloride monomers

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.