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Global VCM Demand is Expected to Grow at a CAGR of 5.4% until 2020
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Vinyl Chloride Monomer (VCM) Global Market Dynamics to 2020 - Growing Market for Poly Vinyl Chloride (PVC) in Developing Countries Driving Demand
Global VCM Demand is Expected to Grow at a CAGR of 5.4% until 2020 Global VCM demand in the year 2000 was 20.7 million tons. It grew at a CAGR of 3.8% from 2000 to 2009. Demand in the year 2009 reached 29 million tons. Global VCM demand is expected to grow at a CAGR of 5.4% from 2009 to 2020. Asia is the Largest Consumer of VCM Global VCM demand in the year 2009 was 29 million tons. Demand in Asia Pacific was largest in 2009, followed by North America. VCM demand in Asia Pacific in 2009 was 16.4 million tons. The share of Asia Pacific was thus 56.4%. North America had a demand of 5.9 million tons and its share was 20.3%. Europe had a VCM demand of 4.8 million tons, followed by South and Central America with a demand of 1.2 million tons, and the Middle East with a demand of 0.8 million tons. Europe had a demand share of 16.5%, followed by South and Central America with a share of 4.1%, and the Middle East with a share of 2.7%. PVC is the Major Demand Driver for VCM VCM is a chemical intermediate which is used to produce PVC. Almost all VCM is used to produce PVC globally. Global VCM demand in the year 2009 was 29 million tons. 94.5% of the demand was driven by PVC. Others held a share of 5.5%.
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