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Vinyl chloride monomer is considered one of the most significant commodity chemicals available in the chemical industry. It is a colorless, flammable gas at room temperature. Vinyl chloride monomer is primarily used in the production of polyvinyl chloride, is employed mainly in the building & construction industry. Vinyl chloride monomer is produced commercially by combining hydrocarbon feedstock, which is obtained by cracking natural gas or petroleum, with elemental chlorine. It is generally stored as a liquid under pressure and evaporates readily at ambient temperature. Vinyl chloride monomer gets polymerized if it is exposed to elevated temperatures. It is used in the production of ethylene diamine and chlorinated solvents. 

The vinyl chloride monomer market is primarily driven by the increase in demand from the building & construction industry. Vinyl chloride monomer is used in siding, roofing, water distribution, wire and cable insulation, window frames, etc. in the building & construction industry. Industrial processes such as landfill liners, piping used in food processing, and chemical processing are also driving the market for vinyl chloride monomer. Advancements in medical technologies and emergence of advanced medical devices are also propelling the global vinyl chloride monomer market, as vinyl chloride monomer is majorly used in the production of blood and intravenous bags, kidney dialysis, blood transfusion, cardiac catheters, and artificial heart valves. Rise in demand for vinyl chloride monomer in the automotive industry is also augmenting the global vinyl chloride monomer market. Global environmental concerns such as carbon emission and global warming along with health related issues are likely to hamper the vinyl chloride monomer market in the near future. However, this trend is likely to change due to the advancements in the production of bio-based vinyl chloride monomer.

In terms of raw material, the global vinyl chloride monomer market can be segmented into ethylene, chlorine, and oxygen. Based on application, the vinyl chloride monomer market can be divided into building & construction, healthcare, agriculture, and electrical.

The global vinyl chloride monomer market witnessed modest expansion in 2016. This trend is estimated to continue during the forecast period. Asia Pacific is expected to account for significant share of the global vinyl chloride monomer with major contribution from China. This high demand can be ascribed to the easy availability of raw materials and increase in urbanization. Expansion in the building & construction industry in Asia Pacific is estimated to propel the market for vinyl chloride monomer. North America maintains a low production cost position in chlorine and ethylene raw materials. This is likely to boost the share of North America in the global vinyl chloride monomer market. The shift toward lower natural gas and feedstock costs for the vinyl chain in the U.S. and Canada, via shale gas, is solidifying North America’s position as one of the world’s lowest cost vinyl chloride monomer producers. Technological advancements in medical and electrical sectors in Europe are expected to fuel the vinyl chloride monomer market in the region. The vinyl chloride monomer market in Latin America is anticipated to provide lucrative opportunities with the entry of manufacturers in the region. Strong growth in the oil & gas sector in Middle East & Africa is estimated to propel the vinyl chloride monomer market in the region. 

Key players operating in the vinyl chloride monomer market include Bayer AG, Mexichem, Nova Chemical, and Chemson Group.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Vinyl Chloride Monomers

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