Oct 24, 2017 SOURCE: BusinessWire

Global Vinyl Chloride Monomer (VCM) Market 2017-2021 - Key Vendors are BASF, Formosa Plastics, Occidental Petroleum, The Dow Chemical Company & Westlake Chemical - Research and Markets

The "Global Vinyl Chloride Monomer (VCM) Market 2017-2021" report has been added to Research and Markets' offering.

The global vinyl chloride monomer (VCM) market to grow at a CAGR of 5.40% during the period 2017-2021.

Global Vinyl Chloride Monomer (VCM) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is emergence of bio-based VCM. The growing commercialization and production of bio-based VCM will fuel the global VCM market during the forecast period. Bio-based products, which are produced by using sugarcane and other bio-based feedstock is anticipated to enhance the market in the near future.

According to the report, one driver in the market is increased demand from construction industry. VCM is mainly used in the production of PVC, which is mostly used in the construction industry. The global construction market is expected to grow at a CAGR of 4% from $8.7 trillion in 2016 to $10.5 trillion in 2021. The increase in population in countries of the Middle East and Africa such as Qatar, the UAE, and Saudi Arabia will witness a huge growth in infrastructural developments. APAC is anticipated to lead the construction market with China and India, acting as the major driver.

Further, the report states that one challenge in the market is volatile raw material prices. The fluctuating prices of the crude oil and natural gas have an impact on the prices of their end products. The most widely used reactant to produce VCM is ethylene, which is a derivative of petrochemicals.

Key vendors