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.
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData