Who are the key players in Vinyl Chloride Monomer Market?

Occidental Petroleum Corporation, AGC Chemicals, Vynova Group, Olin Corporation and Tosoh Corporation are the major companies operating in the Vinyl Chloride Monomer Market. Read More

Which is the fastest growing region in Vinyl Chloride Monomer Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Vinyl Chloride Monomer Market?

In 2024, the Asia Pacific accounts for the largest market share in Vinyl Chloride Monomer Market. Read More

What years does this Vinyl Chloride Monomer Market cover, and what was the market size in 2023?

In 2023, the Vinyl Chloride Monomer Market size was estimated at 43.70 million tons. The report covers the Vinyl Chloride Monomer Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vinyl Chloride Monomer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Vinyl Chloride Monomer Market Size

Market Size of Vinyl Chloride Monomer Industry

Study Period	2019 - 2029
Market Volume (2024)	45.39 Million tons
Market Volume (2029)	54.88 Million tons
CAGR (2024 - 2029)	3.87 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order

Vinyl Chloride Monomer Market Analysis

The Vinyl Chloride Monomer Market size is estimated at 45.39 Million tons in 2024, and is expected to reach 54.88 Million tons by 2029, growing at a CAGR of 3.87% during the forecast period (2024-2029).

The COVID-19 pandemic negatively impacted the market. This was because of the shutdown of the manufacturing facilities and plants due to the lockdown and restrictions. Supply chain and transportation disruptions further created hindrances for the market. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.

Over the short term, rising demand from the building and construction sectors, as well as rising demand from the healthcare sector, are some of the factors driving the growth of the market studied.
On the flip side, rising environmental concerns, the availability of substitutes in various applications, fluctuating raw material prices, and stringent government regulations are some of the factors hindering the growth of the market.
Furthermore, the emergence of bio-based vinyl chloride monomer (VCM) and advancements in the product through research and development are expected to provide numerous opportunities over the forecast period.
Asia-Pacific is expected to dominate the global vinyl chloride monomer market, and it is also estimated to be the fastest-growing market over the forecast period due to the increasing demand from building and construction sectors in countries such as China and India.

Vinyl Chloride Monomer Industry Segmentation

The vinyl chloride monomer (VCM) can be referred to as a colorless compound, which is utilized to manufacture PVC. The vinyl chloride monomer (VCM) is utilized in the production of ethylenediamine to generate resins and the manufacturing of chlorinated solvents. The vinyl chloride monomer (VCM) is also utilized as an aerosol propellant and is also a starting product for polyvinyl resins. It has a sweet odor, is highly flammable, and can emanate toxic fumes of carbon dioxide, phosgene, carbon monoxide, and hydrogen chloride. The market is segmented based on application, end-user, and geography. By application, the market is segmented into PVC and other applications. By end-user industry, the market is segmented into building and construction, healthcare, electrical, and other end-user industries. The report offers market size and forecasts for 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of volume (million tons).

Application
		PVC
		Other Applications

End-user Industry
		Building and Construction
		Healthcare
		Electrical
		Other End-user Industries

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	France
	Italy
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

Need A Different Region Or Segment?

Customize Now

Vinyl Chloride Monomer Market Size Summary

The Vinyl Chloride Monomer (VCM) market is poised for growth, driven by increasing demand from the building and construction sectors, as well as the healthcare industry. VCM is a crucial chemical primarily used in producing polyvinyl chloride (PVC), which is extensively utilized in construction applications such as siding, roofing, and window frames. The market experienced a setback due to the COVID-19 pandemic, which caused manufacturing shutdowns and supply chain disruptions. However, the industry rebounded in 2021, and the demand is expected to continue rising, particularly in the Asia-Pacific region, where countries like China and India are witnessing significant construction activities. Despite challenges such as environmental concerns and fluctuating raw material prices, the market is expected to benefit from advancements in bio-based VCM and ongoing research and development efforts.

The Asia-Pacific region is anticipated to dominate the global VCM market, driven by substantial investments in residential and commercial construction. The region's growth is supported by rising household incomes, urbanization, and government initiatives aimed at boosting infrastructure development. In China, the construction sector's output has shown progressive growth, with increased emphasis on affordable housing and sustainable development. Similarly, countries like India and Indonesia are experiencing growth in their healthcare and construction sectors, further fueling the demand for VCM. The market is characterized by a partially fragmented nature, with key players such as Occidental Petroleum Corporation, AGC Chemicals, and Vynova Group actively contributing to its development. These trends indicate a positive outlook for the VCM market over the forecast period, with opportunities for expansion and innovation.

Explore More

Vinyl Chloride Monomer Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Rising Demand in Healthcare Sector
  2. 1.1.2 High Consumption from Building and Construction Industry
2. 1.2 Restraints
  1. 1.2.1 Increasing Environmental Concerns and Availability of Substitutes in Various Applications
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Application
  1. 2.1.1 PVC
  2. 2.1.2 Other Applications
2. 2.2 End-user Industry
  1. 2.2.1 Building and Construction
  2. 2.2.2 Healthcare
  3. 2.2.3 Electrical
  4. 2.2.4 Other End-user Industries
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 France
    4. 2.3.3.4 Italy
    5. 2.3.3.5 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa

Vinyl Chloride Monomer Market Size FAQs

How big is the Vinyl Chloride Monomer Market?

The Vinyl Chloride Monomer Market size is expected to reach 45.39 million tons in 2024 and grow at a CAGR of 3.87% to reach 54.88 million tons by 2029.