Vinyl chloride monomer is considered one of the most significantcommodity chemicals available in the chemical industry. It is a colorless,flammable gas at room temperature. Vinyl chloride monomer is primarily used inthe production of polyvinyl chloride, is employed mainly in the building &construction industry. Vinyl chloride monomer is produced commercially bycombining hydrocarbon feedstock, which is obtained by cracking natural gas orpetroleum, with elemental chlorine. It is generally stored as a liquid underpressure and evaporates readily at ambient temperature. Vinyl chloride monomergets polymerized if it is exposed to elevated temperatures. It is used in theproduction of ethylene diamine and chlorinated solvents.
The vinylchloride monomer market is primarily driven by the increase in demandfrom the building & construction industry. Vinyl chloride monomer is usedin siding, roofing, water distribution, wire and cable insulation, windowframes, etc. in the building & construction industry. Industrial processessuch as landfill liners, piping used in food processing, and chemicalprocessing are also driving the market for vinyl chloride monomer. Advancementsin medical technologies and emergence of advanced medical devices are alsopropelling the global vinyl chloride monomer market, as vinyl chloride monomeris majorly used in the production of blood and intravenous bags, kidneydialysis, blood transfusion, cardiac catheters, and artificial heart valves.Rise in demand for vinyl chloride monomer in the automotive industry is alsoaugmenting the global vinyl chloride monomer market. Global environmentalconcerns such as carbon emission and global warming along with health relatedissues are likely to hamper the vinyl chloride monomer market in the nearfuture. However, this trend is likely to change due to the advancements in theproduction of bio-based vinyl chloride monomer.
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In termsof raw material, the global vinyl chloride monomer market can be segmented intoethylene, chlorine, and oxygen. Based on application, the vinyl chloridemonomer market can be divided into building & construction, healthcare,agriculture, and electrical.
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The globalvinyl chloride monomer market witnessed modest expansion in 2016. This trend isestimated to continue during the forecast period. Asia Pacific is expected toaccount for significant share of the global vinyl chloride monomer with majorcontribution from China. This high demand can be ascribed to the easyavailability of raw materials and increase in urbanization. Expansion in thebuilding & construction industry in Asia Pacific is estimated to propel themarket for vinyl chloride monomer. North America maintains a low productioncost position in chlorine and ethylene raw materials. This is likely to boostthe share of North America in the global vinyl chloride monomer market. Theshift toward lower natural gas and feedstock costs for the vinyl chain in theU.S. and Canada, via shale gas, is solidifying North America’s position as oneof the world’s lowest cost vinyl chloride monomer producers. Technologicaladvancements in medical and electrical sectors in Europe are expected to fuelthe vinyl chloride monomer market in the region. The vinyl chloride monomermarket in Latin America is anticipated to provide lucrative opportunities withthe entry of manufacturers in the region. Strong growth in the oil & gassector in Middle East & Africa is estimated to propel the vinyl chloridemonomer market in the region.
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Keyplayers operating in the vinyl chloride monomer market include Bayer AG,Mexichem, Nova Chemical, and Chemson Group.
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