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Asia's vinyl chloride monomer production capacity grows steadily

 Last Update: 2022-08-26
 Source: Internet
 Author: User

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A few days ago, data and analysis company GlobalData said that Asia will lead the growth of global vinyl chloride monomer (VCM) production capacity, and Asian VCM production capacity may increase from 26.
91 million tons / year in 2019 to 31.
25 million tons / year in 2024 The average growth rate will be 3%

GlobalData's latest "Global VCM Industry Outlook to 2024" report shows that global VCM production capacity will increase from 49.
38 million tons/year in 2019 to 54.
81 million tons/year in 2024, an increase of 11%

GlobalData's latest "Global VCM Industry Outlook to 2024" report shows that global VCM production capacity will increase from 49.

Krishna Teja Pappoppula, Oil and Gas Analyst at GlobalData, said: “In Asia, China will lead the growth of VCM capacity, adding 2.

GlobalData said that in terms of new capacity, Thailand will become the second largest VCM capacity growth country in Asia, with production capacity increasing from 990,000 tons/year in 2019 to 1.
42 million tons/year in 2024, with an average annual growth rate 7.
2%
.
All of the new VCM production capacity in Thailand comes from the VCM plant of Thai Vinyl Company in Maptapur, with a designed production capacity of 430,000 tons/year, which will be completed and put into operation by 2024
.

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