Vinyl Chloride Monomer (VCM) Industry Applications

• Building materials – siding, roofing, water distribution, irrigation, sewer and sprinkler pipe, fencing; wire and cable insulation; electrical conduit; floor and wall coverings, window frames, gutters, and downspouts
• Industrial processes - landfill liners, piping used in food processing, chemical processing, and other manufacturing
• Medical devices - for blood and intravenous bags, kidney dialysis and blood transfusions, cardiac catheters, endotracheal tubes, artificial heart valves, and many others
• Automotive components - for body side moldings, interior upholstery, under-the-hood wiring, under-the-car abrasion coatings, floor mats, dashboards, and armrests
• Electronics – components in air conditioners, floppy disks, components, housings, keyboards, phone systems, computers, power tools, electrical cords, refrigerators, fiber optics, washers
• Toys - for rigid and flexible parts
• Packaging materials - for flexible food wrap, shrink wrap, jar lids, and can linings; and for rigid blister and clamshell packaging, and bottles to store household, personal care products, and automotive lubricants.

Vinyl Chloride Monomer (VCM) Market Status

Global VCM capacity is poised to register a total growth of 11% from 49.38 mtpa in 2019 to 54.81 mtpa in 2024. Asia is expected to have a new-build and expansion VCM capacity of 2.93 mtpa from 9 new-build and expansion projects during the same period.
 

Asia is forecast to lead the global vinyl chloride monomer (VCM) capacity additions, which is likely to increase from 26.91 million tonnes per annum (mtpa) in 2019 to 31.25 mtpa in 2024 at an average annual growth rate (AAGR) of 3%.

 

 

Within Asia, China leads in terms of capacity additions, with a capacity increase of 2.11 mtpa by 2024, which accounts for more than 70% of the region’s capacity additions. Major capacity additions will be from the Tianjin Bohai Chemical Development Company Tianjin Vinyl Chloride Monomer (VCM) Plant with a capacity of 0.80 mtpa by 2024.
 

Thailand as the second highest country within the region in terms of capacity additions, with a capacity increase from 0.99 mtpa in 2019 to 1.42 mtpa in 2024, at an AAGR of 7.2%. These capacity additions will be from the Vinythai Map Ta Phut Vinyl Chloride Monomer (VCM) Plant with a capacity of 0.43 mtpa by 2024.
 

India will be the third-highest country within the region in terms of capacity additions with a capacity increase from 0.97 mtpa in 2019 to 2.55 mtpa in 2024. Major capacity additions will be from the HPCL GAIL JV Kakinada Vinyl Chloride Monomer (VCM) Plant, with a capacity of 0.30 mtpa by 2024.
 

Tianjin Bohai Chemical Industry Co Ltd, China Shenhua Energy Co Ltd, and Wanhua Chemical Group Co Ltd will be the top three companies in Asia in terms of planned and announced capacity additions over the outlook period.

Global Vinyl Chloride Monomer (VCM) Market report provides the most up to date information available on all active and planned VCM plants globally and helps you to identify opportunities in the global VCM industry with the help of upcoming projects and capital expenditure outlook

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