PUBLISHER: GlobalData | PRODUCT CODE: 1332115
PUBLISHER: GlobalData | PRODUCT CODE: 1332115
Global Vinyl Chloride Monomer (VCM) capacity is poised to see considerable growth over the next five years, potentially increasing from 52.38 mtpa in 2022 to 58.15 mtpa in 2027, registering total growth of 11%.
Around 11 planned and announced VCM projects are expected to come online, predominantly in Asia, followed by North America over the upcoming years. Among countries, India is expected to lead VCM capacity additions by 2027, followed by US. Adani Enterprises Ltd, Reliance Industries Ltd and Formosa Plastics Group are the top three companies by planned and announced capacity additions globally over the upcoming years.