The Vinyl Chloride market in Asia experiences fluctuations based on demands from construction-related industries like coatings and sealants, which suffered due to pandemic restrictions. Post-lockdown construction resurgence in early 2023 boosted Vinyl Chloride demand and prices in Q1, but Q2 saw slowing construction growth, leading to price declines as inventories replenished. In Europe and North America, necessity-driven consumer behavior amidst economic challenges and construction industry downsizing, caused by factors like bank failures and rising interest rates, resulted in subdued demand and falling Vinyl Chloride prices.
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Definition
Vinyl Chloride is an organic chemical compound with the molecular formula C2H3Cl. It is a colorless gas or liquid used primarily in the production of polyvinyl chloride (PVC), a versatile plastic material. Vinyl Chloride serves as a crucial building block for various plastic and polymer products, finding applications in construction, packaging, and automotive industries.
Key Details About the Vinyl Chloride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Vinyl Chloride in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Vinyl Chloride Price chart, including India Vinyl Chloride price, USA Vinyl Chloride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Vinyl Chloride Price Trend:
Vinyl Chloride plays pivotal roles across industries. It’s chiefly employed in manufacturing polyvinyl chloride (PVC) resin, widely used in construction for pipes, fittings, and vinyl flooring. Additionally, PVC serves packaging, electrical insulation, and automotive applications, showcasing Vinyl Chloride’s significance as a fundamental component in versatile plastic production.
Key Players:
- BASF
- Formosa Plastics
- Occidental Petroleum
- The Dow Chemical Company
- Westlake Chemical
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