What is Vinyl Chloride Monomer (VCM)?
Vinyl Chloride Monomer (VCM) is a colorless, flammable gas used primarily to manufacture polyvinyl chloride (PVC), a versatile and durable plastic.
Who are the key players in Vinyl Chloride Monomer Market?
Major players are Occidental Petroleum Corporation, AGC Chemicals, Vynova Group, BASF SE, Dow Chemical, Westlake Chemical, LG Chem, Reliance Industries, Tokuyama and Ineos.
Is the VCM market growing?
Yes, the global VCM market is expected to grow at a high CAGR due to increasing demand from the construction, packaging, and electronics industries.
What are the key challenges facing the VCM market?
The VCM market faces challenges like environmental concerns about VCM production and health risks associated with exposure to VCM. Additionally, high prices compared to alternative materials can hamper market growth.