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. This is at an average annual growth rate (AAGR) of 3%, according to GlobalData, a leading data and analytics company.
GlobalData’s report,‘Global Vinyl Chloride Monomer (VCM) Industry Outlook to 2024’, reveals that the global VCM capacity is poised to register a total growth of 11% from 49.38 mtpa in 2019 to 54.81 mtpa in 2024.
