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Vinyl Chloride Monomer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22677
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Vinyl Chloride Monomer Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Vinyl Chloride Monomer | Feedstock | India | 655 USD/MT |
The price of vinyl chloride monomer (VCM) in India for Q4 2023 reached 655 USD/MT in December. There was a restricted supply of VCM, leading to heightened competition among buyers. This limited supply stemmed primarily from plant shutdowns, including the maintenance plant shutdown at Formosa Plastics Corporation in the USA, reducing VCM production capacity. Moreover, moderate to high VCM, driven by seasonal consumption in the construction and packaging industries in October 2023 also influenced market dynamics. Besides this, the festive season in India further contributed to increased purchasing activity. However, the VCM market faced subdued demand in the downstream PVC industry across the Asian market during December and November 2023.
Vinyl Chloride Monomer Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Vinyl Chloride Monomer Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of vinyl chloride monomer pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of vinyl chloride monomer at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of vinyl chloride monomer price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing vinyl chloride monomer price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Vinyl Chloride Monomer Market Analysis
The global VCM market size reached 46.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach US$ 66.2 Million Tons, at a projected CAGR of 4.00% during 2023-2032.
- The growing demand for polyvinyl chloride (PVC) products in the construction, automotive, and packaging industries represents the key factor boosting the demand for VCM as it serves as the primary raw material for PVC resin production.
- Stringent building regulations and standards emphasizing energy efficiency and sustainability are driving demand for PVC-based building materials, which, in turn, is fueling the demand for VCM.
- Besides this, the flourishing expansion of the automotive industry, wherein VCM is widely utilized in PVC-based interior and exterior components is providing an impetus to the market growth.
- Moreover, ongoing industrial advancements in the electronics industry spurring the demand for PVC insulation materials and components are influencing the market demand.
- In confluence with this, rising healthcare expenditure for PVC-based medical devices, equipment, and packaging materials, leading to higher consumption of VCM in the healthcare sector, is impelling the market growth.
- Additionally, the shift towards sustainable packaging solutions, such as shrink wraps and blister packs, is aiding in market expansion.
- Expanding investments in renewable energy infrastructure, such as wind turbines and solar panels, which employ VCM for insulation and protection purposes is supporting the market growth.
- Extensive investments in water management infrastructure, such as pipelines and water treatment facilities spurring the need for PVC is creating a positive outlook for market expansion.
- The burgeoning adoption of PVC-based materials in agriculture for irrigation systems, greenhouse structures, and crop protection is bolstering the demand for VCM, thereby contributing to market growth.
- The escalating awareness about environmental sustainability and the demand for recyclable materials are driving research and development (R&D) efforts to improve the recyclability of PVC, which is strengthening the market growth.
- Besides this, ongoing technological innovations in PVC production processes, such as suspension, emulsion, and bulk polymerization methods, are driving efficiency improvements and cost reductions, thereby fostering market expansion.
- Furthermore, favorable government initiatives promoting infrastructure development, urbanization, and industrial growth, coupled with regulations supporting the use of PVC in various applications, are propelling the demand for VCM.
Vinyl Chloride Monomer News
The report covers the latest developments, updates, and trends impacting the global vinyl chloride monomer market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in vinyl chloride monomer production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the vinyl chloride monomer price trend.
Latest developments in the vinyl chloride monomer industry:
- In April 2023, AGC launched Digital Twin for chemical plants, revolutionizing operations. This innovative technology will go into full operation at P.T. Asahimas Chemical's VCM production facility in Indonesia. Through the real-time importation of operation data from a real plant into a process simulator via a Plant Information Management System (PIMS), the Process Digital Twin replicates the present condition of a plant in virtual space and instantaneously performs high-speed computations.
Product Description
VCM is a colorless gas with a slightly sweet odor, predominantly used in the production of polyvinyl chloride (PVC) resin, one of the most widely utilized plastics globally. VCM is produced through the chlorination of ethylene, a process that yields a highly approachable compound essential for PVC synthesis.
VCM-based PVC offers excellent versatility, enabling the fabrication of a wide range of products with different textures, colors, and performance characteristics. It offers exceptional durability, chemical resistance, and weatherability, making it appropriate for both indoor and outdoor applications across industries.
Apart from this, it is employed in the manufacturing of vinyl-based consumer products, including vinyl flooring and vinyl records. Vinyl flooring, made from PVC resin is derived from VCM and is broadly consumed in residential and commercial settings due to its affordability, durability, and ease of maintenance.
Regional Coverage
The report provides a detailed analysis of the vinyl chloride monomer market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the vinyl chloride monomer price trend.
Global Vinyl Chloride Monomer Price
The report offers a holistic view of the global vinyl chloride monomer pricing trends in the form of vinyl chloride monomer price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of vinyl chloride monomer but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed vinyl chloride monomer demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Vinyl Chloride Monomer Price
The European region has experienced a weakened demand from the downstream PVC industry. This has led to modest price fluctuations despite worries about disruptions in freight at the termination of the quarter. The prolonged transit time for imports is a significant factor influencing the market dynamics, as noted by a resin producer. Besides this, the adequate availability of inventories impacted the prices negatively. Alongside, Germany saw the most significant changes in prices, with a bearish trend in most of 2023.
This analysis can be extended to include detailed VCM price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Vinyl Chloride Monomer Price
In North America, the VCM market has witnessed a fall in prices due to limited demand from the USA's PVC industry as a result of a slow economic recovery and stagnant trading conditions in the construction segment. In anticipation of a price hike due to a new import tariff, buyers temporarily suspended their purchasing activities during this period, which further impacted the market dynamics.
Specific vinyl chloride monomer historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Vinyl Chloride Monomer Price
The report explores the VCM pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on VCM prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Vinyl Chloride Monomer Price
The price of VCM in the Asia Pacific region is steadily rising due to a restricted supply, leading to heightened competition among buyers. This limited supply stemmed primarily from plant shutdowns, including the maintenance plant shutdown at Formosa Plastics Corporation in the USA, resulting in a reduction in VCM production capacity. Furthermore, VCM demand ranged from moderate to high, driven by seasonal consumption in the construction and packaging industries.
This vinyl chloride monomer price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Vinyl Chloride Monomer Price
The analysis of VCM prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Vinyl Chloride Monomer |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Vinyl Chloride Monomer Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of vinyl chloride monomer pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting vinyl chloride monomer price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The vinyl chloride monomer price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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