Vinyl Chloride Monomer Market was valued at USD 15.8 billion in 2020 and is expected to grow at a CAGR of 7% between 2021 and 2027. Vinyl chloride monomer (VCM)is used almost exclusively in the manufacture of polyvinyl chloride(PVC). The rest is consumed in polyvinylidene chloride and chlorinated solvents. With more than 98% of VCM used in PVC, VCM demand is very dependent on the fate of PVC market. The biggest use of PVC is in the production of plastic piping. Other important uses are in floor coverings, consumer goods, electrical applications, and the transportation sector. About 1% of PVC is used to produce vinyl chloride vinyl acetate copolymer. Minor uses of vinyl chloride(monomer)include the preparation of chlorinated solvents.
High demand and the increase in accommodation development are the main factors that are expected to boost the market in the forecast period. In addition, the immediate growth of urbanization and the high demand for housing are factors expected to drive market growth. In addition, with the increasing reconstruction and building activity of PVC the demand for residential, industrial, and commercial buildings increases, which is expected to be high during the forecast period of global market growth. Government policies and economic growth in developing countries resulting in rising construction, industry and building activity and it is expected that another factor high market growth during the forecast period. According to the analysis, with total annual sales of almost $ 9.5 trillion and added value of $ 3.5 trillion, the construction industry accounts for about 5.8% of the world’s GDP.
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Top Major Key Players Industries
• Occidental Chemical Corporation
• AGC Chemicals
• Jubail Chevron Phillips
• Ineos Styrolution
• Lyondellbasell Industries
• Petroquimica Innovay
• Bayer
• Nova Chemical
• Dow Chemical Company
• Dupont de Nemours
• BASF SE
• LG Chem
• Formosa Plastics Group
• Axiall
• Georgia Gulf Corporation
• Reliance Industries
• Qatar Vinyl Company
• JM Eagle
• PolyOne Corporation
• Others
By Application
PVC
Others
By End-User
Building & Construction
Healthcare
Electrical
Others
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Scope of the Report
The research study analyzes the global Warehousing Logistics Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Warehousing Logistics Robots Market Report
What was the Warehousing Logistics Robots Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Warehousing Logistics Robots Market during the forecast period (2021-2027)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer vendor or players in the Warehousing Logistics Robots Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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