Global VCM capacity is poised to see considerable growth over the next five years, potentially increasing from 52.38 million tonnes per annum (mtpa) in 2022 to 58.15mtpa in 2027, registering a total growth of 11%.
Approximately ten planned and announced VCM projects are expected to come online, predominantly in Asia, followed by North America over the upcoming years.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Asia is expected to add a capacity of 4.11mtpa from four newly built planned projects, whereas, for the expansion of the existing VCM projects, the region is expected to add a capacity of 0.75mtpa from four planned and announced projects.
Within Asia, India leads with the largest capacity additions, with a capacity of 3.24mtpa from three planned projects. The main capacity addition will be from the Mundra Petrochem Mundra VCM Plant, with a capacity of 2mtpa. It is expected to commence production of VCM in 2026.
North America follows next with a capacity of 0.80mtpa from one expansion project in the region. This capacity contribution is from an announced project, the Formosa Plastics Corporation Point Comfort VCM Plant, in the US.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
