The Vinylidene Chloride Market is expected to witness high growth owing to the high growth in the Paint Industry, the food & beverage industry and the Semiconductor industry. The paint industry is projected to see more than 6% CAGR growth in the next seven years due to the increasing end use demand for architectural & decorative wall paints, increasing industrial demand especially in automobile industry, and global economic development. The Food & beverage industry is expected to see growth of more than 7% CAGR by 2022 due to the growing end user consumption, similarly the Semiconductor industry is expected to see growth of more than 10% CAGR over the forecasted period mainly due to the growing demand of electronic components applications in automobile industry, smartphone industry, and other digital type industry.
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The Vinylidene Chloride is an organochloride which is commonly called 1,1-Dichloroethylene or 1,1 –DCE. It has a molecular formula of C2H2Cl2. It is a colorless liquid with a pungent smell. It has varied applications in the industry such as in original cling wrap for food, semiconductor device fabrication, and formation of resins. The most common application is its usage as a comonomer in polymerization of vinyl chloride, acrylates, and acrylonitrile, which further used as a resin to produces adhesives, varnishes and food glazing agents. The particular use of vinylidene chloride as a polyvinylidene chloride makes it a favorable and demanding chemical in the Paint industry.
Key drivers that propel the market are growing industrial demand, varied applications, increasing R&D spending, and growing awareness about its benefits. Adhesion, flexibility, stain resistance, toxicity, corrosive resistance and hardness are some of the characteristics of polyvinylidene chloride that are expected to drive the market over the forecasted period mainly due to the growing awareness. As mentioned earlier, its varied applications such as resin, wrap for food and chemical in semiconductor fabrication are projected to fuel the market growth by 2022. The main restraint that may slightly put the growth rate at lower side is due to the harmful effects on central nervous system, and dehydrochlorination at food processing temperature making it less useful for food packaging agent.
On the basis of end-user industry, the vinylidene chloride market is segmented into pharmaceutical, food & beverage, agriculture, manufacturing, construction, automotive, electronic, and cosmetic. In terms of volume, the food & beverage segment accounted for the largest share of more than 40%, while, the market share for pharmaceutical was estimated to be more than 25%.
The key players in the market are The Dow Chemical Company (U.S.), Kuraray Co., Ltd (Japan), Solvay SA (Belgium), E.I. DuPont de Numerous and Co. (U.S.), , Kureha Corporation (Japan), Ashahi Kasei Corporation (Japan), Chang Chun Petrochemical Co., Ltd (Taiwan)Teijin Limited (Japan), INEOS (U.K.), Zhejiang Juhua Co., Ltd. (China), Xinjiang Zhongtai Chemical Co. Ltd (China), Mexichem S.A.B. (Mexico), AXIALL Corporation (U.S.), Vinnolit GmbH & Co. KG (Germany), Kem One (France), and Solvay S.A. (Belgium).
On the basis of product, Vinylidene Chloride Market Report is segmented as
- Vinyl Chloride-Chlorine Process
- Vinyl Chloride-Chlorine Hydride Process
- 1,2-Dichloroethane-Chlorine Process
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On the basis on the end users/applications, Vinylidene Chloride Market Report is segmented as
- Polyvinylidene Chloride Industry
- Organic Synthesis Intermediates
On the basis of geography, the global Vinylidene Chloride Market Size spans North America, Europe, Asia Pacific, and Rest of the World.
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