North America Vinyl Chloride Monomer Market Share, Size, Growth, Opportunity and Forecast 2021-2026

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

North America Vinyl Chloride Monomer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The North America vinyl chloride monomer market grew at a CAGR of around 3% during 2015-2020. Vinyl chloride, also known as chloroethylene, chloroethene, and ethylene monochloride, refers to a colorless gas used for producing commercial polymers. Vinyl chloride monomers (VCM) are manufactured through thermal cracking of ethylene dichloride and is primarily used as a precursor to polyvinyl chloride (PVC). They are also adopted in the production of ethylenediamine and chlorinated solvents. As a result, vinyl chloride monomers are extensively utilized for numerous applications pertaining to construction, electrical transmission, agriculture, healthcare, etc.

In North America, the expanding construction industry has augmented the demand for PVC in pipes and fittings, floorings, cables and wires, doors and windows, etc., thereby driving the market for VCM. Furthermore, the growing installation of pipes and tubes across diverse industries, such as food processing, petrochemical, water treatment, power transmission, etc., is also propelling the product demand in the region. Apart from this, the wide presence of advanced healthcare infrastructures in North America is further catalyzing the use of VCM in the fabrication of several medical equipment, including blood and intravenous bags, cardiac catheters, artificial heart valves, etc. Additionally, the introduction of favorable government policies for promoting sustainable construction techniques to control carbon emissions is bolstering the need for safer product variants. Looking forward, IMARC Group expects the North America vinyl chloride market to continue its steady growth in the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the North America vinyl chloride monomer market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, product type and application.

Breakup by Product Type:

Ethylene-based
Acetylene-based

Breakup by Application:

PolyVinyl Chloride (PVC)
Vinylidene Chloride
Others

Breakup by Country:

United States
Canada

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Formosa Plastics Corporation U.S.A, Occidental Petroleum Corporation, Olin Corporation, Shintech Incorporated and Westlake Chemical Corporation.

Key Questions Answered in This Report:

How has the North America vinyl chloride monomer market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the North America vinyl chloride monomer market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the North America vinyl chloride monomer market and who are the key players?
What is the degree of competition in the industry?