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Global Vinyl Chloride Monomer (VCM) Market 2017-2021

Global Vinyl Chloride Monomer (VCM) Market 2017-2021

About Vinyl Chloride Monomer (VCM)

VCM is a colorless compound, which is used to produce PVC. It is among the top twenty largest petrochemicals. VCM is used in the manufacture of ethylenediamine to produce resins and the production of chlorinated solvents. VCM is used as an aerosol propellant and is also a starting product for polyvinyl resins. It is highly flammable, has a sweet odor, and can emit toxic fumes of carbon monoxide, carbon dioxide, phosgene, and hydrogen chloride. Its exposure to fire and intense heat for a long period may result in rupturing of containers violently.

Technavio’s analysts forecast the global vinyl chloride monomer (VCM) market to grow at a CAGR of 5.40% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global vinyl chloride monomer (VCM) market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Vinyl Chloride Monomer (VCM) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Formosa Plastics
  • Occidental Petroleum
  • The Dow Chemical Company
  • Westlake Chemical
Other prominent vendors
  • INEOS Vinyls UK
  • LG Chem
  • Reliance Industries
  • Tokuyama
  • Qatar Vinyl Company
Market driver
  • Increased demand from construction industry
  • For a full, detailed list, view our report
Market challenge
  • Volatile raw material prices
  • For a full, detailed list, view our report
Market trend
  • Emergence of bio-based VCM
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Vinyl Chloride Monomer (VCM) Market 2017-2021

Technavio recognizes the following companies as the key players in the global vinyl chloride monomer (VCM) market: BASF, Formosa Plastics, Occidental Petroleum, The Dow Chemical Company, and Westlake Chemical.

Other Prominent Vendors in the market are: INEOS Vinyls UK, LG Chem, Reliance Industries, Tokuyama, and Qatar Vinyl Company.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of bio-based VCM. The growing commercialization and production of bio-based VCM will fuel the global VCM market during the forecast period. Bio-based products, which are produced by using sugarcane and other bio-based feedstock is anticipated to enhance the market in the near future.”

According to the report, one driver in the market is increased demand from construction industry. VCM is mainly used in the production of PVC, which is mostly used in the construction industry. The global construction market is expected to grow at a CAGR of 4% from $8.7 trillion in 2016 to $10.5 trillion in 2021. The increase in population in countries of the Middle East and Africa such as Qatar, the UAE, and Saudi Arabia will witness a huge growth in infrastructural developments. APAC is anticipated to lead the construction market with China and India, acting as the major driver.

Further, the report states that one challenge in the market is volatile raw material prices. The fluctuating prices of the crude oil and natural gas have an impact on the prices of their end products. The most widely used reactant to produce VCM is ethylene, which is a derivative of petrochemicals. Prices of petrochemicals have a strong correlation with crude oil prices. The volatility in prices results in an undefined return on investment due to which companies are forced to delay off their capacity expansion. This, in turn, will affect the demand-supply chain, resulting in the switching customers to VCM alternatives.

Companies Mentioned

BASF, Formosa Plastics, Occidental Petroleum, The Dow Chemical Company, Westlake Chemical, INEOS Vinyls UK, LG Chem, Reliance Industries, Tokuyama, Qatar Vinyl Company

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Methods of VCM production
      • Table VCM process
  • Market landscape
    • Market overview
      • Table Segmentation of global VCM market
    • Market size and forecast
      • Table Global VCM market 2016 and 2021 ($ billions)
      • Table Market forecast: Global VCM market 2016-2021
      • Table Global VCM market 2016 and 2021 (million metric tons)
      • Table Market forecast: Global VCM market 2016-2021
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global VCM market by application
      • Table Global VCM market by application 2016
      • Table Global VCM market by application 2021
    • Global VCM market for PVC
      • Table Global VCM market for PVC 2016 and 2021 (million metric tons)
      • Table Market forecast: Global VCM market for PVC 2016-2021
    • Global VCM market for others
      • Table Global VCM market for others 2016 and 2021 (million metric tons)
      • Table Market forecast: Global VCM market for others 2016-2021
  • Geographical segmentation
    • Global VCM market by geography
      • Table Global VCM market by geography 2016
      • Table Global VCM market by geography 2021
    • VCM market in APAC
      • Table VCM market in APAC 2016 and 2021 (million metric tons)
      • Table Market forecast: VCM market in APAC 2016-2021
    • VCM market in North America
      • Table VCM market in North America 2016 and 2021 (million metric tons)
      • Table Market forecast: VCM market in North America 2016-2021
    • VCM market in Europe
      • Table VCM market in Europe 2016 and 2021 (million metric tons)
      • Table Market forecast: VCM market in Europe 2016-2021
    • VCM market in ROW
      • Table VCM market in ROW 2016 and 2021 (million metric tons)
      • Table Market forecast: VCM market in ROW 2016-2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global construction market by value ($ trillions)
    • Market challenges
  • Market trends
    • Emergence of bio-based VCM
    • Huge demand expected from APAC
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Key market vendors
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Formosa Plastics
    • Occidental Petroleum
      • Table Occidental Petroleum: Business segmentation by revenue 2016
      • Table Occidental Petroleum: Geographical segmentation by revenue 2016
    • The Dow Chemical Company
      • Table The Dow Chemical Company: Business segmentation by revenue 2016
      • Table The Dow Chemical Company: Geographical segmentation by revenue 2016
    • Westlake Chemical
      • Table Westlake Chemical: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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