Vinylidene Chloride Market Drivers, Growth Factors and Specifications forecast by 2017-2022

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. The polyvinylidene chloride is a barrier against aromas, water, and oxygen, due to which it is a superior chemical resistant to alkalis and acids. Its insolubility characteristic with oil and organic solvents make it an impervious against bacteria, and insects. The aforementioned characteristics are attributed to make it advantages in terms of good scratch & abrasion resistance, gloss & printing characteristics, and transparency. Thus, it has application is manufacturing sector as well in the production of pipes, tubes, fittings, wires, cables, bottles, sheets, and films.

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%. In the forecasted period, the market is expected to grow largely by the demand from pharmaceutical industry and from construction industry. The less growth is expected from the food & beverage industry due to the increasing awareness about its restraints in food packaging and growing substitutes such as EVOH (Ethylene Vinyl Alcohol). Thus, the expected growth rate is less than 6% CAGR by 2022, in terms of volume.

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The market is also segmented by region into North America, Latin America, Europe, Asia Pacific, and Middle East. The Asia Pacific is accounted for highest market share of more than 40% globally due to the industry consolidation and continuous growth & innovation. Particularly China is the market leader accounting for more than half of the market share followed by India, Japan, Singapore and Taiwan, which are expected to witness high growth in the next seven years. The North America and the European regions are expected to see high growth rate by 2022, mainly due to the increasing demand from pharmaceutical, construction and food & beverage industries. The main reason that will drive the growth rate in these regions is due to the increasing R&D expenditure to overcome the harmful effects. Particularly, the US, France, Italy, Netherlands, the UK, Germany are the main countries that are projected to fuel the market and constitute a market share of more than half by 2022.

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).