Vinyl Chloride Monomer Market Trends and Forecast Report
Report Overview: The vinyl chloride monomer market stood at approximately USD 16.1 billion in 2024 and is forecast to grow to around USD 28.0 billion by 2034 representing a compound annual growth rate (CAGR) of roughly 5.7% between 2025 and 2034. VCM, a colorless flammable gas produced via chlorination of ethylene, serves as the primary feedstock for polyvinyl chloride (PVC) . Its versatility sees widespread use in pipes, cables, medical devices, construction materials, and packaging. Industry expansion is driven by accelerating urbanization, infrastructure investments, and rising demand from construction and automotive sectors. North America leads with a VCM market valued at about USD 7.7 billion in 2024. Technological advancements in production, notably the oxychlorination process, which accounts for about 57.4% of VCM output, improve efficiency and cost-effectiveness. In PVC production, which absorbs around 79.7% of VCM, demand remains strong...