VCM is the basic
building block in the production of polyvinyl chloride (PVC), accounting for
96.76 percent of the total VCM demand. VCM is among the top 20 largest
petrochemical in the world. VCM is used in other applications such as to
manufacture ethylenediamine for the production of resins and the production of chlorinated
solvents. VCM is produced by a process called balanced process, where ethylene
and chlorine gas act as a feedstock to produce ethylene dichloride (EDC), the
basic building block for VCM.
Analysts forecast
the Global VCM
market to grow at a CAGR of
4.41 percent over the period 2013-2018.
The report
recognizes the following companies as the key players in the Global Variable
Frequency Drives Market: ABB, Converteam, Rockwell Automation Inc., Schneider
Electric Co. and Siemens AG.
Other Prominent
Vendors in the market are: American Electric Technologies (Aeti), Amtech
Electronics India, Crompton Greaves, Danfoss Vlt Drives, Eaton, Emerson
Industrial Automation, Fuji Electric, Hiconics Drive Technology, Hitachi,
Honeywell International, Johnson Controls, Kb Electronics, Mitsubishi Electric,
Toshiba International, Vacon and Yaskawa Electric.
Increase in demand
for end-to-end solutions is one of the key emerging trends in this market.
End-users prefer to buy end-to-end solutions from the vendors rather than
buying and installing standalone products.
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Covered in this Report
The report covers
the present scenario and the growth prospects of the Global VCM market for the
period 2014-2018. In terms of application, the Global VCM market can be
segmented into two: PVC and Others.
Global VCM Market
2014-2018, has been prepared based on an in-depth market analysis with inputs
from industry experts. The report covers the APAC region, Europe, and North
America; it also covers the Global VCM market landscape and its growth
prospects in the coming years. The report includes a discussion of the key
vendors operating in this market.
According to the
report, the need for energy efficiency is one of the key factors driving the
market. VFDs provide more energy efficiency and increase the overall production
efficiency of motors, which helps the operators cut their operational costs.
Further, the report
states that market vendors' profit margins have exhibited a continuous decline.
The low price strategy of market vendors has led to a decline in profits. Also,
the need to reduce harmony waves has assumed an increased importance in the
market because these waves affect the devices in several ways; some effects of
harmony waves are high energy loss, reduced life of equipment, and high power
consumption
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