Product Code: 3877
Vinyl Chloride Monomer Market is anticipated to demonstrate massive growth through 2032, owing to the rising consumption of polyvinyl chloride in the automobile industry. VCM (Vinyl Chloride Monomer) is one of the largest petrochemicals in world. At present, the United States stands to be the leading VCM manufacturing country, owing to its low production costs for ethylene and chlorine raw materials. Meanwhile, China is one of the largest consumers of VCM.
Key players operating in the vinyl chloride monomer market are constantly investing in R&D, launching new products, and engaging in mergers, acquisitions, and partnerships to reinforce their presence in the marketplace. For instance, in 2021, Westlake Chemical Corporation acquired Dimex LLC from Grey Mountain Partners, as a part of the firm's commitment to the environment and recycling and taking actions that contribute to a sustainable, circular economy.
In yet another instance, Qatar Vinyl Co announced the establishment of its new plant with a capacity of 350,000 tons per year of polyvinyl chloride (PVC), in Mesaieed. As per company officials, the project is estimated to be completed by mid-2025. The PVC plant will become the first in Qatar and is slated to be incorporated with QVC's current ethylene dichloride (EDC), vinyl chloride monomer (VCM), and caustic soda facilities in Mesaieed.
Overall, the vinyl chloride monomer industry is segmented in terms of application, end-user, and region.
Considering the application, the chlorinated solvents segment is expected to exhibit over 5.5% CAGR through 2032. The wide usage of chlorinated solvents in end-use sectors such as automotive, aerospace, refrigeration & air conditioning, textile, cleaning, and degreasing is expected to impact the market outlook over the forecast years positively.
Based on end-user, the agriculture end-use segment accounted for over 11.5% of the market share in 2022 and is estimated to depict massive growth through 2032. The rising emphasis on accelerating the agricultural production coupled with the scarcity of agricultural land is anticipated to propel the demand for sophisticated farming methods. In addition, innovations in energy-efficient methods, along with a growing dependence on greenhouse gases for increasing returns, will propel the demand for VCM-based end-use goods in the agriculture sector in the coming years.
Regionally, the Europe vinyl chloride monomer market share is expected to exceed over USD 23.5 billion by the end of 2032. The constantly growing automobile industry in Europe is estimated to boost the regional growth. Besides, the rising inclination towards electric and hybrid vehicles among Europeans, considering the rising environmental awareness and high fuel costs, will drive market expansion further.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Scope & definitions
- 1.2 Methodology and forecast parameters
- 1.3 COVID-19 impact calculations on the industry forecast
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
- 1.4 Regional trends
- 1.5 Data Sources
- 1.5.1 Secondary
- 1.5.2 Primary.
Chapter 2 Executive Summary
- 2.1 Global vinyl chloride monomer market 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trend
- 2.1.2 Regional trends
- 2.1.3 Application trend
- 2.1.4 End-user trends
Chapter 3 Global Vinyl Chloride Monomer Industry Insights
- 3.1 Introduction
- 3.2 Impact of COVID-19 outbreak on the vinyl chloride monomer market
- 3.3 Industry Ecosystem Analysis
- 3.3.1 Raw material analysis
- 3.3.1.1 Chlorine
- 3.3.1.2 Ethylene
- 3.3.1.3 Ethylene Dichloride
- 3.3.2 Value addition at each stage
- 3.3.3 Distribution channel analysis
- 3.3.3.1 Value chain disruption analysis (COVID-19 impact)
- 3.3.4 Shareholder profit margin analysis
- 3.3.5 Vendor matrix
- 3.3.5.1 List of key raw material suppliers
- 3.3.5.2 List of key product manufacturers/distributors
- 3.4 Regulatory landscape
- 3.4.1 U.S.
- 3.4.2 Europe
- 3.4.3 China
- 3.5 Patent landscape
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Rising consumer spending on construction of buildings and increasing infrastructural renovation projects
- 3.6.1.2 Increasing use of vinyl chloride monomer in the healthcare sector
- 3.6.1.3 Growing consumption of polyvinyl chloride in automobile industry
- 3.6.2 Industry pitfalls and challenges
- 3.6.2.1 Negative health impacts of vinyl chloride monomer
- 3.7 Growth potential analysis, 2022
- 3.7.1 Emerging business model
- 3.7.2 Capacity expansion
- 3.8 Pricing analysis
- 3.8.1 Cost structure analysis
- 3.8.2 COVID-19 impact on vinyl chloride monomer pricing
- 3.9 Manufacturing capacity and production, 2022 (for key companies)
- 3.9.1 Global VCM manufacturers capacity and production, 2022
- 3.9.2 Indian VCM manufacturers capacity and production, 2022
- 3.10 Capacity and future expansion strategy of vinyl chloride monomer manufacturer
- 3.11 Handling and transportation of VCM Globally
- 3.12 Handling and transportation of VCM in India
- 3.13 EHS requirements for VCM
- 3.14 Technology Landscape
- 3.14.1 Direct Chlorination Process
- 3.14.2 Oxychlorination process
- 3.14.3 EDC Cracking
- 3.15 Porter's analysis
- 3.15.1 Supplier Power
- 3.15.2 Buyer Power
- 3.15.3 Threat of new entrants
- 3.15.4 Threat of substitutes
- 3.16 PESTLE Analysis
Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Company market share, 2022
- 4.3 Competitive analysis of major market players
- 4.3.1 Westlake Corporation
- 4.3.2 AGC Chemicals (AGC Inc.)
- 4.3.3 Shin-Etsu
- 4.3.4 Formosa Plastics Corp
- 4.3.5 Qatar Vinyl Company (Qatar Petrochemical Company)
- 4.4 Vendor adoption matrix
- 4.5 Strategic outlook matrix
- 4.6 Top players overview
Chapter 5 Global Vinyl Chloride Monomer Market, By Application
- 5.1 Key application trends
- 5.2 Polyvinyl Chloride (PVC)
- 5.2.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 5.2.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
- 5.3 Copolymer Resins
- 5.3.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 5.3.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
- 5.4 Chlorinated solvents
- 5.4.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 5.4.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
Chapter 6 Global Vinyl Chloride Monomer Market, By End-User
- 6.1 Key product trends
- 6.2 Building & construction
- 6.2.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 6.2.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
- 6.3 Healthcare
- 6.3.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 6.3.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
- 6.4 Agriculture
- 6.4.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 6.4.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
- 6.5 Electrical & electronics
- 6.5.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 6.5.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
- 6.6 Automotive
- 6.6.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 6.6.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
- 6.7 Others
- 6.7.1 Global market estimates & forecast, 2018-2032, (Million Tons) (USD Billion)
- 6.7.2 Global market estimates & forecast, by region, 2018-2032, (Million Tons) (USD Billion)
Chapter 7 Global Vinyl Chloride Monomer Market, By Region
- 7.1 Key regional trends
- 7.2 North America
- 7.2.1 North America vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.2.2 North America vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Million Tons) (USD Billion)
- 7.2.3 North America vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Million Tons) (USD Billion)
- 7.2.4 U.S.
- 7.2.4.1 U.S. vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.2.4.2 U.S. vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.4.3 U.S. vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.5 Canada
- 7.2.5.1 Canada vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.2.5.2 Canada vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.5.3 Canada vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3 Europe
- 7.3.1 Europe vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.3.2 Europe vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Million Tons) (USD Billion)
- 7.3.3 Europe vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Million Tons) (USD Billion)
- 7.3.4 Germany
- 7.3.4.1 Germany vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.3.4.2 Germany vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.4.3 Germany vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.5 UK
- 7.3.5.1 UK vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.3.5.2 UK vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.5.3 UK vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.6 Italy
- 7.3.6.1 Italy vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.3.6.2 Italy vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.6.3 Italy vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.7 France
- 7.3.7.1 France vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.3.7.2 France vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.7.3 France vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.8 Russia
- 7.3.8.1 Russia vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.3.8.2 Russia vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.8.3 Russia vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.9 Spain
- 7.3.9.1 Spain vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.3.9.2 Spain vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.9.3 Spain vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4 Asia pacific
- 7.4.1 Asia pacific vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.4.2 Asia pacific vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Million Tons) (USD Billion)
- 7.4.3 Asia pacific vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Million Tons) (USD Billion)
- 7.4.4 China
- 7.4.4.1 China vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.4.4.2 China vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.4.3 China vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.5 India
- 7.4.5.1 India vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.4.5.2 India vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.5.3 India vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.6 Japan
- 7.4.6.1 Japan vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.4.6.2 Japan vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.6.3 Japan vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.7 South Korea
- 7.4.7.1 South Korea vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.4.7.2 South Korea vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.7.3 South Korea vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.8 Indonesia
- 7.4.8.1 Indonesia vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.4.8.2 Indonesia vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.8.3 Indonesia vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.9 Australia
- 7.4.9.1 Australia vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.4.9.2 Australia vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.9.3 Australia vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5 Latin America
- 7.5.1 Latin America vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.5.2 Latin America vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Million Tons) (USD Billion)
- 7.5.3 Latin America vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Million Tons) (USD Billion)
- 7.5.4 Brazil
- 7.5.4.1 Brazil vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.5.4.2 Brazil vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.4.3 Brazil vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.5 Mexico
- 7.5.5.1 Mexico vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.5.5.2 Mexico vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.5.3 Mexico vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6 MEA
- 7.6.1 MEA vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.6.2 MEA vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Million Tons) (USD Billion)
- 7.6.3 MEA vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Million Tons) (USD Billion)
- 7.6.4 Saudi Arabia
- 7.6.4.1 Saudi Arabia vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.6.4.2 Saudi Arabia vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.4.3 Saudi Arabia vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.5 UAE
- 7.6.5.1 UAE vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.6.5.2 UAE vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.5.3 UAE vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.6 South Africa
- 7.6.6.1 South Africa vinyl chloride monomer market estimates & forecast, 2018-2032, (Tons) (USD Million)
- 7.6.6.2 South Africa vinyl chloride monomer market estimates & forecast, by application, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.6.3 South Africa vinyl chloride monomer market estimates & forecast, by end-user, 2018 - 2032, (Kilo Tons) (USD Million)
Chapter 8 Company Profiles
- 8.1 Westlake Corporation
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 SWOT Analysis
- 8.1.5 Strategic outlook
- 8.2 LG Chem (LG Corp.)
- 8.2.1 Business overview
- 8.2.2 Financial data
- 8.2.3 Product landscape
- 8.2.4 SWOT analysis
- 8.3 Reliance Industries
- 8.3.1 Business overview
- 8.3.2 Financial data
- 8.3.3 Product landscape
- 8.3.4 SWOT analysis
- 8.4 KEM ONE
- 8.4.1 Business overview
- 8.4.2 Financial data
- 8.4.3 Product landscape
- 8.4.4 WOT analysis
- 8.5 Ercros S.a
- 8.5.1 Business overview
- 8.5.2 Financial data
- 8.5.3 Product landscape
- 8.5.4 SWOT analysis
- 8.6 Petkim Petrokimya Holding
- 8.6.1 Business overview
- 8.6.2 Financial data
- 8.6.3 Product landscape
- 8.6.4 SWOT analysis
- 8.7 Hanwha
- 8.7.1 Business overview
- 8.7.2 Financial data
- 8.7.3 Product landscape
- 8.7.4 SWOT analysis
- 8.8 INEOS Inovyn
- 8.8.1 Business overview
- 8.8.2 Financial data
- 8.8.3 Product landscape
- 8.8.4 SWOT analysis
- 8.9 SP Chemicals
- 8.9.1 Business overview
- 8.9.2 Financial data
- 8.9.3 Product landscape
- 8.9.4 SWOT analysis
- 8.10 Ineos Styrolution
- 8.10.1 Business overview
- 8.10.2 Financial data
- 8.10.3 Product landscape
- 8.10.4 SWOT analysis
- 8.11 AGC Chemicals
- 8.11.1 Business overview
- 8.11.2 Financial data
- 8.11.3 Product landscape
- 8.11.4 SWOT analysis
- 8.11.5 Strategic outlook
- 8.12 Axiall (Westlake Chemical)
- 8.12.1 Business overview
- 8.12.2 Financial data
- 8.12.3 Product landscape
- 8.12.4 SWOT analysis
- 8.13 Westlake Vinnolit GmbH
- 8.13.1 Business overview
- 8.13.2 Financial data
- 8.13.3 Product landscape
- 8.13.4 SWOT analysis
- 8.14 Formosa Plastics Group
- 8.14.1 Business overview
- 8.14.2 Financial data
- 8.14.3 Product landscape
- 8.14.4 SWOT analysis
- 8.14.5 Strategic outlook
- 8.15 Qatar Vinyl Company Petroquimica Innovay
- 8.15.1 Business overview
- 8.15.2 Financial data
- 8.15.3 Product landscape
- 8.15.4 Swot analysis
- 8.16 Shin-Etsu
- 8.16.1 Business overview
- 8.16.2 Financial data
- 8.16.3 Product landscape
- 8.16.4 Swot analysis