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Vinyl Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23215
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Vinyl Chloride Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Vinyl Chloride | Chemicals | China | 676 USD/MT |
| Vinyl Chloride | Chemicals | India | 657 USD/MT |
The price of vinyl chloride in China for Q4 2023 reached 676 USD/MT in December. The Vinyl Chloride market struggled as the Covid 19 lockdown in China had restricted the construction business almost completely. Finally, the onset of 2023 gave some respite to the struggling market. As the construction sector revived after a long time, demands rose for Vinyl Chloride, so the prices were on an inclined trajectory for the first quarter of 2023.
The price trend for vinyl chloride in India reached 657 USD/MT. Due to supply shortages and plant outages, the VCM market was uncertain. There were notable price shifts in the VCM market in India. Due to a lack of available stock and restricted regional suppliers, prices stayed unchanged in February. But in January, there was a lull in prices thanks to steady downstream PVC demand and constrained supply.
Vinyl Chloride Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Vinyl Chloride Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of vinyl chloride 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 at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of vinyl chloride price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing vinyl chloride 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 Market Analysis
The global vinyl chloride market size reached 46.575 Million Tonnes in 2023. By 2032, IMARC Group expects the market to reach 67.56 Million Tonnes, at a projected CAGR of 4.22% during 2023-2032.
- VC is primarily used to manufacture Polyvinyl Chloride (PVC), which is widely used in industries such as building, healthcare, and electronics. The expanding global demand for PVC, particularly for building and construction applications, is a key driver of the VCM market. In 2023, the size of the world market for PVC pipes was 24.9 million tons. However, the IMARC Group projects that the market will increase at a pace of 4% CAGR from 2024 to 2032, reaching 35.7 million tons in that time. This is owing to PVC's low cost, durability, and versatility in the production of a wide range of items, including pipes and cables.
- The need for vinyl chloride is rising due to the global upsurge in construction activities, particularly in emerging economies. For instance, according to the National Bureau of Statistics of China, in 2022, the construction output value in China achieved its peak at around CNY 27.63 Trillion (USD 4.10 Trillion).
The demand is also driven by government initiatives to improve infrastructure across various countries, as well as rising consumer spending on residential and commercial construction projects. In fiscal 2023, the WORLD BANK provided $12.8 Billion to support infrastructure spending in developing countries. Moreover, according to the bank, developing countries still need to spend about 4.5% of GDP annually to fund basic improvements in energy, transport, digital, and other sectors. - The need for VC is anticipated to increase as the automobile industry uses PVC more and more for a variety of applications, such as interior cladding, seat coverings, underbody coating, and wire and cable insulation. Thus, one of the main factors driving the market is the expansion of the automobile industry, particularly in emerging nations. According to OICA, the United States produced 1,74,5171 million passenger cars and 8 866 384 Million commercial vehicles in 2023.
- The efficiency and sustainability of the production of vinyl chloride are being enhanced by manufacturers due to continuous research and development and technological advancements. It is anticipated that innovations like the manufacture of VCM based on biotechnology would open up new commercial prospects. These developments contribute to lessening the impact on the environment and enhancing the general sustainability of VCM products.
Vinyl Chloride News
The report covers the latest developments, updates, and trends impacting the global vinyl chloride 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 production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the vinyl chloride price trend.
Latest developments in the vinyl chloride industry:
- In April 2023, AGC developed Process Digital Twin for chemical plants and to begin the operation at its vinyl chloride monomer manufacturing plant in Indonesia. Process Digital Twin is a technology that reproduces the current state of a plant in a virtual space by importing operation data of an actual plant into a process simulator*2 in real time via a Plant Information Management System (PIMS)*1 and instantly performing high-speed calculations.
Product Description
Vinyl chloride, also referred to as chloroethene in chemistry, is a colorless gas with a subtle, pleasant smell. The formula for this organochloride is H2C=CHCl. Polyvinyl chloride (PVC), a flexible plastic used in many different items like pipes, electrical cables, and packaging materials, is mostly made from this chemical. In an industrial setting, vinyl chloride is created by reacting ethylene and chlorine with the help of a catalyst. Apart from this, vinyl chloride is well-known for being combustible and perhaps harmful to health. It is categorized as a carcinogen since it has been connected to a higher chance of developing a rare type of liver cancer in addition to other illnesses impacting the respiratory, neurological, and liver systems.
Regional Coverage
The report provides a detailed analysis of the vinyl chloride 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 price trend.
Global Vinyl Chloride Price
The report offers a holistic view of the global vinyl chloride pricing trends in the form of vinyl chloride 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 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 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 Price
The European market's recent spike in VCM (vinyl chloride monomer) prices during the quarter ending in March 2024 was caused by a lack of providers and a reasonable level of demand. The present pricing trend is a result of challenges faced by the European VCM supply chain, including transportation difficulties related to the unrest in the Red Sea. Supply disruptions caused a decline in downstream production rates, which made market participants wary of making more modifications.
This analysis can be extended to include detailed vinyl chloride 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 Price
The market in North America saw a price decline in the fourth quarter of 2023. Abundant supplies and decreased demand from downstream PVC manufacturing industries contributed to this quarter's dip. The slow pace of economic recovery and the stagnant business circumstances in the building sector contributed to the limited demand for VCM in the USA's PVC industry. Additionally, international factors, such as the Russia-Ukraine war and a drought affecting the Panama Canal, added complexity to the USA's international container logistics in the final quarter of the year.
Specific vinyl chloride 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 Price
The report explores the vinyl chloride 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 vinyl chloride 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 Price
In the fourth quarter of 2023, the APAC market faced difficulties. A number of important issues that affected prices and market dynamics were encountered by the market. There was a limited supply of VCM at first, which made buyers more competitive. The main cause of this restricted supply was plant closures, such as the maintenance facility closure at Formosa Plastics Corporation in the USA, which decreased the company's capacity to produce VCM. Second, in October 2023, seasonal consumption in the packaging and construction industries drove a range of VCM demand from moderate to high.
This vinyl chloride 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 Price
The analysis of vinyl chloride 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 |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Vinyl Chloride 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 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 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 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.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
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