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Vinyl Chloride Monomer (VCM) Market is Expanding at a CAGR of 6.3% from Market Industry Reports

Vinyl Chloride Monomer (VCM) Market is Expanding at a CAGR of 6.3% from

Market Industry Reports (MIR) has published a new report titled “Vinyl Chloride Monomer (VCM) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, in 2018 the global vinyl chloride monomer (VCM) market in terms of volume was over 52 million tons and anticipated to grow at a substantial CAGR over the forecast period of 2019 to 2030.Vinyl Chloride Monomer (VCM) Market Rising demand from end-use industries such as construction, healthcare, and agriculture is the prime factor driving the market growth. Production of bio-based VCM is anticipated to boost the overall market demand. Fill out Form to Get FREE Sample HealthCare Another factor contributing towards the market growth is the rising demand of VCM from healthcare industry. As VCM is primarily used in the production of PVC, PVC is further used in the manufacturing of thermoplastic material used in medical devices. Moreover, PVC is also used in manufacturing of blood bags. The healthcare industry is witnessing growth due to rise in incidence of chronic diseases, unhealthy lifestyle, and growth in aging population. As the healthcare industry continuous to grow the demand for VCM will also grow.

Volatility in the Prices of Raw Materials The raw materials used in the production of VCM are acetylene, ethane, and ethylene and shale gas. These raw materials are generated from crude oil and natural gas and any fluctuation in the pricing of raw materials impact the pricing of the final product. Thus, fluctuating prices of crude oil and natural gas is hampering the overall market growth. Rising Demand from Various End Use Industries: VCM market is witnessing growth owing to increasing demand of PVC from end use industries. Construction and health care are the two major industries. Construction: VCM is prominently used in the production of PVC. PVC manufactured products are widely used in the construction industry. As the construction industry is anticipated to grow over US$ 15 trillion by 2030 Request For Free customization/50https:// customization/50 Vinyl Chloride Monomer (VCM) Market is Expanding at a CAGR of 6.3% from

Table Of Content RESEARCH METHODOLOGY - Analysis & Forecast, By Type Research Framework Data Collection Technique Data Sources Secondary Sources Primary Sources Market Estimation Methodology Bottoms Up Approach Top Down Approach Vinyl Chloride Monomer (VCM) Market is Expanding at a CAGR of 6.3% from

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