View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Comment
November 25, 2020updated 21 Jul 2022 1:08pm

Asia to lead global vinyl chloride monomer (VCM) capacity additions by 2024

By GlobalData Energy

The global vinyl chloride monomer (VCM) capacity is poised to see considerable growth over the next five years, potentially increasing from 49.38Mtpa in 2019 to 54.81Mtpa in 2024, registering total growth of 11%.

GlobalData’s latest report, ‘Global Vinyl Chloride Monomer (VCM) Industry Outlook to 2024 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ states that around 14 planned and announced plants are slated to come online, primarily in Asia and North America.

Within Asia, China has four planned and announced VCM plants, with a total capacity of about 2.11Mtpa by 2024. The country is expected to spend a capital expenditure (capex) of $0.82bn. Major capacity additions will be from Tianjin Bohai Chemical Industry Co Ltd and China Shenhua Energy Co Ltd.

In North America, the US is the only country with two planned capacity additions of about 0.93Mtpa by 2024. The country is expected to spend a total of $0.24bn by 2024. Shin-Etsu Chemical Co Ltd and Westlake Chemical Corp are the two companies accounting for the entire capacity additions in the US.

vinyl chloride monomer capacity additions

Europe has three planned and announced plants, of which Poland leads with one VCM plant and total capacity of 0.10Mtpa by 2024. The capex for the plants is $0.11bn by 2024.

Shin-Etsu Chemical Co Ltd, Tianjin Bohai Chemical Industry Co Ltd and China Shenhua Energy Co Ltd are the top three companies by planned capacity additions globally over the upcoming years.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology