The Vinyl Chloride market in Asia underwent shifts tied to construction-related sectors like coatings and sealants, which were impacted by pandemic restrictions. The initial post-lockdown resurgence in construction during early 2023 drove up Vinyl Chloride demand and prices in Q1. However, the momentum slowed in Q2 with a deceleration in construction growth, prompting price declines as inventories were replenished.
Meanwhile, in Europe and North America, economic challenges and downsizing within the construction industry—affected by factors such as bank failures and increasing interest rates—led to restrained demand and declining Vinyl Chloride prices. This trend was further compounded by consumer behaviors driven by necessity during the same period.
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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 Prices, 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 holds a significant role in various industries, primarily in the production of polyvinyl chloride (PVC) resin. This resin is extensively used in construction, including pipes, fittings, and vinyl flooring. Beyond construction, PVC finds its way into packaging, electrical insulation, and automotive applications, highlighting the crucial role of Vinyl Chloride as a key element in the creation of adaptable plastic products.
Key Players:
- BASF
- Formosa Plastics
- Occidental Petroleum
- The Dow Chemical Company
- Westlake Chemical
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