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Vinyl Chloride Monomer Market Size
- Report ID: GMI3877
- Published Date: Apr 2023
- Report Format: PDF
Vinyl Chloride Monomer Market Size
Vinyl Chloride Monomer Market size reached USD 65 billion in 2022 and is poised to depict more than 7% CAGR between 2023 and 2032. Emphasis on PVC production capacity expansion to foster global market trends.
PVC (polyvinyl chloride) is utilized as a common plastic material for building and construction, given its abrasion resistance, mechanical strength, cost-effectiveness, safety, and low environmental impact. In developed nations, expenditure on residential construction and infrastructural renovation projects has risen. In September 2022, the in the U.S. residential construction sector registered revenue of over USD 925 billion. Such factors will augment the demand for materials with technical advantages in building and construction applications and consequently boost the vinyl chloride monomer market development.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Vinyl Chloride Monomer Market Size in 2022: | USD 65 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 7.5% |
| 2032 Value Projection: | USD 160 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 360 |
| Segments covered: | Application, End-user, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Despite the favorable growth trajectory, the use of VCM is associated with negative health impacts. Short-term exposure to this compound may impact the central nervous system and result in dizziness, headaches, and drowsiness, limiting product usage to some extent. However, there has been a rising emphasis on amplifying PVC manufacturing expansion.
Frequently Asked Questions (FAQ) :
Vinyl Chloride Monomer Market Scope
