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Vinyl Chloride Monomer Market Trends

Report ID: GMI3877
Published Date: Jun 2024
Report Format: PDF

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Vinyl Chloride Monomer Market Trends

The demand for PVC in the construction, automotive and packaging industries is growing as it offers durability, flexibility, and cost-effectiveness. For instance, in May 2024, INEOS Inovyn launched PVC pilot plants in Belgium to advance PVC recycling technologies. Rapid advances in manufacturing are helping to improve efficiency and reduce environmental impacts, making vinyl chloride monomer more attractive. Increasing urbanization and infrastructure, especially in emerging economies, are also fueling the product demand. Increased awareness of sustainable practices has also led to innovations in PVC recycling and reusing, stimulating the market growth.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for vinyl chloride monomer was worth over USD 83.6 billion in 2023 and is projected to expand at 7.7% CAGR from 2024 to 2032, due to its crucial role in the production of polyvinyl chloride (PVC).

The PVC application segment in the vinyl chloride monomer industry is projected to account for USD 159.3 billion by 2032, due to its widespread applications and beneficial properties.

The building & construction end-user industry segment in the vinyl chloride monomer industry is estimated to depict 7.8% CAGR between 2024 and 2032, as the product is highly valued in construction due to its durability, low maintenance and low cost

North America market is projected to record USD 23.4 billion by 2032, led by the strong availability of well-established pharmaceutical companies and extensive R&D activities.