PUBLISHER: GlobalData | PRODUCT CODE: 1121462
PUBLISHER: GlobalData | PRODUCT CODE: 1121462
Global VCM capacity is poised to see considerable growth over the next five years, potentially increasing from 50.67 mtpa in 2021 to 53.89 mtpa in 2026. Around 16 planned and announced VCM projects are expected to come online by 2026, predominantly in Asia followed by the North America over the upcoming years. Among countries, China is expected to lead VCM capacity additions by 2026, followed by US and Thailand. Formosa Plastics Group, Shin-Etsu Chemical Co Ltd, and Tianjin Bohai Chemical Industry Co Ltd are the top three companies by planned and announced capacity additions globally over the upcoming years