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The vinyl chloride monomer (VCM) market size is forecast to increase by USD 12.25 billion at a CAGR of 3.69% between 2023 and 2028. The market is experiencing significant growth due to the expansion of the building and construction industry, which is the largest consumer of PVC products derived from VCM. The increasing demand for lightweight and durable materials in various end-use industries, such as automotive, packaging, and construction, is also driving the market's growth. However, the high cost of production of VCM, primarily due to the energy-intensive chlorination process, poses a significant challenge to market participants. Additionally, stringent regulations regarding the use and disposal of VCM and its derivatives, particularly in Europe and North America, are adding to the production costs and limiting market growth in these regions.
Despite these challenges, the market is expected to continue its growth trajectory, driven by the increasing demand for PVC products in emerging economies and the ongoing research and development efforts to improve the production efficiency and reduce the environmental impact of VCM production.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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