Global Vinyl Chloride Monomer Market is estimated to reach USD 19.43 Billion by 2027, according to a new report by Reports and Data. The primary application of polyGlobal Vinyl Chloride Monomer is to manufacture plastics. Global Vinyl Chloride Monomer is used to make polyvinyl chloride (PVC). PVC is used to make a wide variety of products, including plastics, pipes, hoses, and fittings for outdoor irrigation, furniture, packaging materials, wire and cable coatings, and automobile upholstery, credit or ATM cards, flooring, windows, housewares, wall coverings, plastic containers, outdoor furniture, wrapping film, automotive parts, and many others. In the past, the Global Vinyl Chloride Monomer has also been used as a refrigerant.
Prolonged exposure to the market product can affect the central and peripheral nervous system and also cause liver damage. It can also lead to joint and muscle pain and scleroderma-like skin changes, which is also a symptom of Raynaud's phenomenon. This may hamper the growth of the market.
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Key players operating in the market:
AGC Chemicals, Petroquimica Innovay, Ineos Styrolution, Occidental Chemical Corporation, DowDupont, LG Chem, BASF SE, Lyondellbasell Industries, Reliance Industries, and, Qatar Vinyl Company, among others.
Further key findings from the report suggest:
Global Vinyl Chloride Monomer market is generally produced by hydrochlorination of acetylene and dehydrochlorination of ethylene dichloride. Reaction of anhydrous hydrogen chloridegas with acetylene over a mercuric chloride catalyst give vinyl chloride. This reaction is exothermic. The product yields and purity are usually very high. This industrial process of production was common before ethylene became widely distributed. China still uses this method to manufacture vinyl chloride due to the large reserves of coal from which acetylene is produced.
North America holds a significant share in the market owing to the low production cost in chlorine and ethylene raw materials. The shift towards the low feedstock cost and natural gas for the production of vinyl chloride in the U.S. and Canada, from shale gas, is propelling the demand for the market in the region. The region is forecasted to grow with a CAGR of 6.0% during the forecast period.
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The materials and chemicals industry has always employed cutting edge of innovation. It has guided the scientific community as well as individuals to explore new aspects of nature. From medical supplies to paints to perfumes, everything is composed of chemicals. Both new chemical discovery and substance explorations are handled by the materials and chemicals industry. The materials and chemicals industry has always taken a forward-thinking approach, from discovering new compounds to creating new chemical combinations.
This industry includes polymers, dyes, lubricants, surfactants, resins, petrochemicals, bleaches, paints, plastics, soap, detergent, and acids, among other chemicals and chemical products. The materials and chemical industries are known for improving product physical characteristics. Magnetic, optical, structural, and catalytic properties are all altered to increase the product's overall efficacy. Leading players in the materials and chemicals industry have questioned the status quo and produced brilliant inventions that have altered the course of history. Advancement in the materials and chemicals industry can lead other industries in comprehending new types of matter. In this way, it creates a solid foundation for the advancement of society as a whole.
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Production Process Outlook
Hydrochlorination of Acetylene
Dehydrochlorination of Ethylene Dichloride
Major Regions covered in the report:
North America (U.S.A., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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