Market Research Analysis Vinylidene Chloride Market - Global Industry Size | Page 2

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.
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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.
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.