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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.
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.
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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.
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