Vinyl Chloride Monomer Market Analysis

Vinyl Chloride Monomer Market Analysis

The Vinyl chloride monomer market from the PVC applications is projected to witness nearly 7.5% CAGR through 2032, considering its recyclability, cost-effectiveness, and reliability. PVC plastics are becoming more used in the production of tubes, pipes, windows, floors, and other building materials. Given its combination of exceptional versatility and unique technical features, PVC can assist meet the needs of modern architecture and medical solutions. Considering its resistance to weathering, chemical corrosion, roots, abrasion, and shock, which all contribute to product consumption, it is also a recommended option for long-lasting and outdoor products.
 

Vinyl chloride monomer market revenue from the building & construction end-use segment will surpass USD 100 billion by 2032. The strong government focus on infrastructural development and megacity construction projects is a key factor bolstering product use, especially in emerging nations. Based on data from IBEF, in Union Budget 2022-2023, the Indian government allocated USD 130.57 billion to push the growth of the infrastructure sector. Such initiatives will escalate the adoption of durable and cost-effective PVC across the building and construction sector and in consequence, fuel the demand for vinyl chloride products.
 

Additionally, the vinyl chloride monomer market value from the healthcare end-use segment is slated to cross USD 1.5 billion by 2032, as a result of its broad application scope in life-saving blood bags and medical devices. There has also been a rise in awareness of the high performance, safety, versatility, and low cost of PVC, making it suitable for use in single-use medical device manufacturing. Rising budget allocation to boost health systems will therefore drive VCM usage.
 

North America vinyl chloride monomer market is estimated to observe over 7.5% CAGR through till, on account of the mounting healthcare expenditure in the region. As per statistics from the Centers for Medicare & Medicaid Services, in 2021, healthcare spending rose by 2.7% to reach USD 4.3 trillion in the U.S. Since VCM is utilized in the production of blood bags, catheters, dialysis bags, and IV bags, the surging health spending will add impetus to the regional industry expansion.