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Pharmacy benefit management market
Vinylidene Chloride Market Report Overview
The global vinylidene chloride market size was USD 671.2 million in 2022 and is expected to reach USD 1076.9 million in 2031, exhibiting a CAGR of 4.8% during the forecast period.
Vinylidene chloride (C2H2Cl2) is a volatile, colorless liquid with a sweet odor. It is stabilized with p-metboxyphenol to prevent the formation of explosive peroxides. Vinylidene chloride is used for the production of 1,1,1-trichloroethane and to form modacrylic fibers and copolymers (with vinyl chloride or acrylonitrile). Vinylidene chloride/vinyl chloride copolymers are used for the packaging of foods, as metal coatings in storage tanks, building structures, and tapes, and as molded filters, valves, and pipe fittings. These copolymers are also used to reinforce polyesters, inks, and composites for furniture upholstery and other constructions.
Vinylidene Chloride has a significant role in the packaging as coating or lamination on Poly Vinyl Chloride (PVC). The durability of PVC products is enhanced to a certain extent as a result of the use of PolyVinylidene Chloride (PVDC). Polyvinylidene chloride (PVDC), is a synthetic resin produced by the polymerization of vinylidene chloride. The global PVDC food packaging market is expected to see decent growth during the forecast period driven by the medium-income group of emerging economies. Demand for packaged food is growing in emerging regions because of the fast-paced urbanization and growing in-hand income. Increased demand in such regions is expected to impact the vinylidene chloride market share positively.
COVID-19 Impact: Supply Chain Disruptions to Affect the Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with vinylidene chloride market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The unanticipated COVID-19 epidemic caused strict lockdown regulations to be implemented in several countries, which disrupted the movement of products and services in all areas of the industrial economy. However, one of the main factors driving the vinylidene chloride market growth during the COVID-19 pandemic was the increasing demand for robust and durable packaging during the pandemic across different sectors.
Latest Trends
"Growing Application of PVDC Films to Amplify Vinylidene Chloride Demand"
Vinylindene chloride is converted into Poly-Vinylidene Chloride (PVDC), a transparent and malleable synthetic thermoplastic. It offers superior oxygen and moisture barrier qualities comparable to metallized films, is optically clear with a high degree of gloss, and is transparent to light. As a result, PVDC is perfect for the shelf-stable home wrap, food, and pharmaceutical packaging. Additionally, PVDC has a high level of resistance to various substances, including lubricants. Further, Laminating and extruding PVDC are simple processes and they can be printed with standard ink systems and microwaved. Thereby, with such ease of production and a wide range of applications, the vinylidene chloride market size is expected to expand during the forecast period.
Vinylidene Chloride Market Segmentation
- By Type Analysis
Vinylidene Chloride is mainly classified into below types: Vinyl Chloride-Chlorine Process, Vinyl Chloride-Chlorine Hydride Process, 1,2-Dichloroethane-Chlorine Process and Others. Vinyl Chloride-Chlorine Hydride Process is the most widely used process and has the largest share of the global market.
- By Application Analysis
Based on application, the market can be divided into Polyvinylidene Chloride (PVDC), Organic Synthesis Intermediates, and Others. Vinylidene Chloride for Polyvinylidene Chloride (PVDC) occupied the biggest share in 2021 and will continue to exhibit similar trends in the future.
Driving Factors
"Increased Application to Boost the Product Demand"
Given its expanding adoption in the paint, food, and beverage, and electronics industries, the vinylidene chloride market is predicted to rise rapidly. In light of increasing end-use demand for interior and exterior wall paints, rising industrial demand, notably in the automobile industry, and worldwide economic expansion, the paint industry is expected to experience significant growth during the next seven years. The increasing end-user consumption is predicted to lead to growth in the food and beverage sector.
"Growing Adoption of PVDC due to Heavy-duty Utility Will Foster Market Development"
The unique quality of PVDC is its low gas and water vapour permeability, which makes it perfect for food packaging. Poly-Vinylidene Chloride (PVDC) is primarily used in packaging and barrier films, frequently serving as the barrier layer in multi-layer constructions. The long-lasting and durable utility of PVDC is making it ideal for several industrial and household uses.
Restraining Factors
"Adverse Effects on Health to Affect the Production"
The central nervous system (CNS) is where vinylidene chloride exposure has the majority of its acute (short-term) effects on people. At high concentrations, these consequences include CNS depression, symptoms of intoxication, convulsions, spasms, and unconsciousness. Humans may have liver damage from low-level, chronic (long-term) inhalation exposure to vinylidene chloride. Due to their proximity to the Vinylidene Chloride, the production employees' health is impacted, which has a negative impact on the productivity and output levels of Vinylidene Chloride goods.
Vinylidene Chloride Market Regional Insights
"Rising Industrial Expansion to Promote Market Growth in Asia Pacific "
Asia Pacific is expected to dominate the market share during the forecast period due to the presence of major manufacturers in this region. The regional market growth is attributable to the expansion of several major end-use industries in this region, including paints, semiconductors, food & beverages, and others. With continuous industrial expansion, the demand for PVDC is slated to go up substantially over the next few years, propelling market growth across the Asia Pacific region.
North America has the largest base of customers for PVDC products as the PVDC material meet the requirements of the governing authorities of the region. This is because it has lower environmental impacts and wide application potential across various key end-use verticals. This factor also acts as a driver for the global PVDC food packaging market, a major business vertical in the North American region.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP VINYLIDENE CHLORIDE COMPANIES
- Dow (U.S.)
- Kureha (Japan)
- Asahi Kasei (Japan)
- Solvay (Belgium)
- Shandong XingLu Chemical (China)
- Juhua Group (China)
- Jiangsu Huatewei (China)
- Nantong Repair-air (China)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 671.2 Million in 2022 |
Market Size Value By |
US$ 1076.9 Million by 2031 |
Growth Rate |
CAGR of 4.8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type & Application |
Frequently Asked Questions
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What value is the vinylidene chloride market expected to touch by 2031?
The vinylidene chloride market size is expected to touch USD 1076.9 million by 2031.
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What CAGR is the vinylidene chloride market expected to exhibit during 2024-2031?
The vinylidene chloride market is expected to exhibit a CAGR of 4.8% over 2024-2031.
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Which are the driving factors of the vinylidene chloride market?
Increased application of PVDC for its lasting utility across multiple industrial sectors and household uses to drive up the vinylidene chloride market.
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Which are the top companies operating in the vinylidene chloride market?
Few of the top companies are Dow (U.S.), Kureha (Japan), Asahi Kasei (Japan), and Solvay (Belgium), among others are the top companies vinylidene chloride market.