According to IMARC Group’s latest report, titled “North America Vinyl Chloride Monomer Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market grew at a CAGR of around 3% during 2015-2020. Vinyl chloride monomer refers to a gaseous compound that is colorless and flammable in nature. It is generally produced by combining a hydrogen feedstock with elemental chlorine. It is widely used as a key component in the manufacturing of polyvinyl chloride (PVC) resins. Apart from this, it is also utilized in the production of numerous chemical compounds, including chlorinated solvents and ethylenediamine.
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The market in North America is primarily driven by significant growth in the construction industry. Along with this, the increasing investments by numerous public and private firms in infrastructural development projects across the region are creating a positive outlook for the market. Moreover, a considerable rise in the installation activities of PVC pipes for water treatment and power transmission across the region is providing an impetus to the market growth. Furthermore, the widespread adoption of vinyl chloride monomer across the healthcare sector for the fabrication of medical equipment is also contributing to the market growth. Some of the other factors contributing to the market growth across the region include rapid industrialization and significant growth in the chemical industry. Looking forward, IMARC Group expects the North America vinyl chloride monomer market to continue its stable growth during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Formosa Plastics Corporation U.S.A
- Occidental Petroleum Corporation
- Olin Corporation
- Shintech Incorporated
- Westlake Chemical Corporation.
Market Segmentation:
Breakup by Product Type:
- Ethylene-based
- Acetylene-based
Breakup by Application:
- PolyVinyl Chloride (PVC)
- Vinylidene Chloride
- Others
Breakup by Country:
- United States
- Canada
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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