Global polyvinyl chloride capacity is poised to see considerable growth over the next five years, potentially increasing from 59.97 million tonnes per annum (mtpa) in 2022 to 71.79mtpa in 2027, registering total growth of 20%. Around 33 planned and announced polyvinyl chloride projects are expected to come online, predominantly in Asia, followed by the North America over the upcoming years.
Asia is expected to add a capacity of 6.18mtpa from 12 new build planned and announced projects, whereas, for the expansion of the existing polyvinyl chloride projects, the region is expected to add a capacity of 1.59mtpa from seven planned projects. Within Asia, India leads with the largest capacity additions, with a capacity of 3.79mtpa from six planned and announced projects. The main capacity addition will be from a planned project, Mundra Petrochem Mundra PVC Plant, with a capacity of 2mtpa. It is expected to commence production of polyvinyl chloride in 2026.
North America follows next with a capacity of 1.34mtpa from three expansion planned and announced projects, whereas, for the new-build polyvinyl chloride projects, the region is expected to add a capacity of 0.38mtpa from a planned project. Formosa Plastics Corporation Point Comfort PVC Plant, a planned project in the US, leads with a capacity of 0.80mtpa and is expected to come online on 2025.
Further details of polyvinyl chloride 2023 can be found in GlobalData’s new report, ‘Polyvinyl Chloride Industry Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries Including Details of All Active Plants, Planned and Announced Projects, 2023-2027’.