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Asia drives global PVC demand to continue to grow

 Last Update: 2022-08-27
 Source: Internet
 Author: User

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Recently, market participants expect that Asian demand will drive the global polyvinyl chloride (PVC) market to continue to grow

China's PVC demand has doubled over the past 10 years, reaching a total of 20 million tonnes in 2019

China's PVC demand has doubled over the past 10 years, reaching a total of 20 million tonnes in 2019
.

In addition, due to India's focus on developing irrigation facilities in recent years, the demand for agricultural pipelines in India has also continued to rise
.
More than 70% of India's PVC demand is used in pipes, including water and sewage pipes
.
However, despite the strong demand for PVC in India, its domestic production capacity has barely grown, with the five companies having a combined capacity of only about 1.
5 million tons per year
.
India's PVC imports are increasing year by year, with an increase of 10% in 2019, reaching 2.
14 million tons
.
Japanese PVC manufacturers have become the biggest beneficiaries, and have now surpassed Taiwan and South Korea as the largest source of PVC products in India
.

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