VCM Market Size, Share, and Outlook, 2025 Report- By Application (Polyvinyl chloride, Others), By End-User (Building and construction, Electrical and electronics, Healthcare, Others), 2018-2032

VCM Market Outlook

VCM Market Size is forecast to reach $4.4 Billion in 2032 from $3.2 Billion in 2025, at an optimistic growth rate of 4.4% from 2025 to 2032. The robust VCM Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on VCM Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Polyvinyl chloride, Others), By End-User (Building and construction, Electrical and electronics, Healthcare, Others). Over 70 tables and charts showcase findings from our latest survey report on VCM Markets.

VCM Market Insights, 2025: VCM (Vinyl Chloride Monomer): Key Drivers and Opportunities

Vinyl Chloride Monomer (VCM) is a key raw material in the production of polyvinyl chloride (PVC), which is widely used in applications ranging from construction materials (pipes, siding, flooring) to healthcare devices (blood bags, medical tubing). The primary driver for the VCM market is the increasing demand for PVC across various industries. The construction boom in emerging markets, coupled with the growing demand for durable and low-maintenance materials, is one of the key factors driving the VCM market. Additionally, VCM is crucial in the production of medical-grade plastics, which are becoming increasingly important due to the expansion of healthcare infrastructure worldwide.

Opportunities in the VCM market lie in the continued demand for PVC products in both developed and developing regions. The growth of the sustainable construction market is driving the need for green PVC that is manufactured through eco-friendly processes. Furthermore, VCM's role in the medical sector presents significant potential as the demand for medical-grade plastics increases. Research into alternative PVC production methods that reduce environmental impact and improve efficiency will create additional growth opportunities for VCM producers in the future.

Five Trends that will define global VCM Market in 2025 and Beyond

A closer look at the multi-million global market for VCM Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading VCM Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the VCM Industry?

The VCM Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

VCM Market Segment Insights

The VCM Industry presents strong offers across categories. The analytical report offers forecasts of VCM Industry performance across segments and countries. Key segments in the industry include- By Application (Polyvinyl chloride, Others), By End-User (Building and construction, Electrical and electronics, Healthcare, Others). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, VCM Market size outlook is provided for 22 countries across these regions.

VCM Industry Value Chain

The chapter identifies potential companies and their operations across the global VCM Industry ecosystem. It assists decision-makers in evaluating global VCM Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the VCM Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific VCM Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe VCM Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for VCM Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key VCM Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US VCM Market Insights- Executives are most excited about opportunities for the US VCM Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US VCM Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American VCM Market.

Latin American VCM Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa VCM Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African VCM Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern VCM Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How VCM Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include AGC Inc, Braskem SA, Ercros SA, Formosa Plastics Corp, Hanwha Corp, INEOS Group Holdings SA, Kaneka Corp, KURARAY Co. Ltd, Occidental Petroleum Corp, Olin Corp, Reliance Industries Ltd, Shin Etsu Chemical Co. Ltd, SP Chemicals Pte Ltd, Tokuyama Corp, Vizag Chemical International, Vynova Beek BV, Wacker Chemie AG, Westlake Corp, Zhengzhou Meiya Chemical Products Co. Ltd.

VCM Market Scope and Segmentation

By Application

Polyvinyl chloride

Others

By End-User

Building and construction

Electrical and electronics

Healthcare

Others

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the VCM Market Research-

AGC Inc

Braskem SA

Ercros SA

Formosa Plastics Corp

Hanwha Corp

INEOS Group Holdings SA

Kaneka Corp

KURARAY Co. Ltd

Occidental Petroleum Corp

Olin Corp

Reliance Industries Ltd

Shin Etsu Chemical Co. Ltd

SP Chemicals Pte Ltd

Tokuyama Corp

Vizag Chemical International

Vynova Beek BV

Wacker Chemie AG

Westlake Corp

Zhengzhou Meiya Chemical Products Co. Ltd

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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