Vinyl chloride monomer is considered to be one of the most important basic chemicals available in the chemical industry. It is a colorless, flammable gas at room temperature. Vinyl chloride monomer is mainly used to make polyvinyl chloride and is mainly used in the construction industry. Vinyl chloride monomer is made commercially by combining hydrocarbon feedstocks obtained by cracking natural gas or petroleum with elemental chlorine. It is generally stored as a liquid under pressure and readily evaporates at ambient temperature. Vinyl chloride monomer will polymerize when exposed to elevated temperatures. It is used to make ethylenediamine and chlorinated solvents.
The vinyl chloride monomer market is mainly driven by increasing demand from the construction industry. Vinyl chloride monomer is used for siding, roofing, water distribution, wire and cable insulation, window frames, etc.
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in the construction industry. Industrial processes such as landfill, food processing piping, and chemical processing are also driving the vinyl chloride monomer market. Advances in medical technology and the advent of advanced medical devices are also driving the global vinyl chloride monomer market, as vinyl chloride monomer is mainly used in the manufacture of blood and intravenous bags, kidney dialysis, blood transfusions, cardiac catheters, and artificial heart valves. The increasing demand for vinyl chloride monomer in the automotive industry is also strengthening the global market for vinyl chloride monomers. Global environmental concerns such as carbon emissions and global warming, as well as health issues, are likely to hamper the vinyl chloride monomer market in the near future. However, this trend is likely to change due to advances in the production of bio-based vinyl chloride monomer.
In terms of raw material, the global Vinyl Chloride Monomers Market can be divided into Ethylene, Chlorine, and Oxygen. Depending on the application, the Vinyl Chloride Monomers market can be divided into Construction, Healthcare, Agriculture, and Electricity.
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The global vinyl chloride monomer market expanded slightly in 2016. This trend is expected to continue in the forecast period. Asia Pacific is expected to be a significant contributor to the global vinyl chloride monomer, with China a major contributor. This high demand is due to the easy availability of raw materials and increasing urbanization. Expansion in the construction industry in the Asia-Pacific region should drive the vinyl chloride monomer market. North America has a low production cost position in chlorine and ethylene raw materials. This should increase North America’s share of the global vinyl chloride monomer market. The shift to lower natural gas and raw material costs for the vinyl chain in the US and Canada via shale gas solidifies North America’s position as one of the world’s most cost-effective producers of vinyl chloride monomers. Technological advances in the medical and electrical industries in Europe should fuel the vinyl chloride monomer market in the region. The vinyl chloride monomer market in Latin America is expected to offer lucrative entry opportunities for manufacturers in the region. It is estimated that the strong growth of the oil and gas sector in the Middle East and Africa is driving the vinyl chloride monomer market in the region.
Major players in the vinyl chloride monomer market include Bayer AG, Mexichem, Nova Chemical and the Chemson Group.
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