- The key vendors in the Global VCM Market 2014-2018 are Axiall Corp., Dow Chemicals, Formosa Plastics Group and Occidental Corp.
London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global VCM Market 2014-2018. One of the major trends in the market is the shift to bio-based VCM production. The bio-based VCM produced will be environment-friendly and cost-effective for the producers of VCM, globally.
VCM is the basic building block for the production of PVC and is reputed to be the top 20 largest petrochemicals produced in the world. It is majorly used in the production of PVC and in other applications such as in the manufacture of ethylene diamine, which is used for the production of resins and chlorinated solvents. VCM is produced through a process called a balanced process, where ethylene and chlorine gas act as a feedstock to produce EDC, the basic building block for VCM.
“PVC is one of the most widely used plastic materials across the globe. PVC is extensively used in many products, such as pipes and fittings, rigid films, rigid plates, cables and wires, flooring, automotive products, and packaging,” says Faisal Ghaus, Vice President of TechNavio Research.
“These multiple uses of PVC increase the global PVC demand, which directly increases the consumption of VCM.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3EIf%20you%20are%20in…
