Vinyl Chloride Monomer (VCM) Market Size, Manufacturers Analysis and Distributor Analysis to 2025 by Million Insights

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23th January 2019: Global vinyl chloride monomer (VCM) market is segmented into Europe, Asia Pacific, Latin America, Middle East & Africa and North America as per geography. Vinyl chloride monomer (VCM) is a vital part of petrochemical industry. Vinyl chloride monomer (VCM) is mainly used for producing poly vinyl chloride (PVC) which is mostly used in the construction and piping industry.
It is also used in electrical, agricultural and heath care sectors. Other minor uses of VCM include manufacture of ethylene diamine for the production of resins and manufacture of chlorinated solvents. VCM is produced by hydro-chlorination of acetylene and the de-hydro-chlorination of ethylene dichloride. This process is polluting the environment and is highly energy consuming but the low cost of coal fields gives an advantage to China.
Substitution of PVC by traditional materials is the key driving force for the vinyl chloride monomer (VCM) market. But lack of diversification in end-use industries and environmental and health issues will hinder the growth of industry in the coming years. Technological development can overcome this barrier and many players in the market have already started taking initiatives in this regard. Other challenges faced by industry are volatility of feedstock prices and competition from other polyolefin’s hampering the VCMs capacity addition.
The high demand for PVC is the major driving force for the global vinyl chloride monomer (VCM) market. Almost all the vinyl chloride monomer (VCM) produced globally is used for PVC production. The United States is the largest manufacturer of VCM owing to lower prices of feedstock and technological development, followed by China. VCM growth in developing countries is higher than developed countries as demand for PVC production is higher due to booming infrastructure in these countries.
The key players in the vinyl chloride monomer (VCM) industry are Dow Chemicals, Occidental Chemical Corporation, Georgia Gulf Corporation, Formosa Plastics Group, Axiall, Bayer, Chemson Group, Mexichem, Nova Chemical, DuPont, Sabic, Tosoh Finechem Corporation, Taiwan VCM Corporation (TVCM), Solvay, Sasol, Shinetsu, SP Chemicals, Mitsui Toatsu Chemicals, ThyssenKrupp, Cecon Group, Shintech, QPEC, Shanghai Chlor-Alkali Chemical, Tianyuan Group, Yinglite Chemicals, Jinlu Group, Huasu Group and angda Group.  
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