June 8, 2023
(press release)
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India is set to register the highest polyvinyl chloride capacity additions in Asia, contributing about 49% of the region’s capacity additions by 2027, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, ‘Polyvinyl Chloride Industry Installed Capacity and Capital Expenditure (CapEx) Forecast by Region and Countries including details of All Active Plants, Planned and Announced Projects, 2023-2027’ reveals that India leads with the largest capacity additions, with a capacity of 3.79 million tonnes per annum (mtpa) from six planned and announced projects. Increased application of polyvinyl chloride in the construction, agriculture and packaging industries is expected to result in a growth in demand for polyvinyl chloride in India. Nivedita Roy, Oil and Gas Analyst at GlobalData, comments: “In India, the main capacity addition will be from a planned project, Mundra Petrochem Mundra PVC Plant, with a capacity of 2 mtpa. It is expected to commence production of polyvinyl chloride in 2026.” Reliance Industries Dahej PVC Plant 2, a planned project follows next with second highest capacity addition of 1.20 mtpa. The plant is expected to commence operations by 2026. Nivedita concludes: “Chemplast Sanmar Cuddalore PVC Plant, a planned project is the third highest contributor in terms of capacity additions in the country, accounting a capacity of 0.30 mtpa. The plant is expected to commence production of polyvinyl chloride in 2023.”
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