India and South East Asia to lead demand for PVC in the coming years
Vinyl and Chlor-Alkali market analyst is of the opinion that China has overgrown its capacity for manufacturing PVC
22 Apr 2025 | 452 Views | By Sai Deepthi P
At Vinyl India 2025, Gordon Kuo, director of Vinyl and ISC Chlor-Alkali at Chemical Market Analytics by OPIS, spoke about navigating the PVC market recovery. He highlighted that while the global PVC market is currently under pressure due to overcapacity, the next phase of growth is shifting toward India and Southeast Asia.
India, with its robust infrastructure development, growing population, and government-backed initiatives, is poised to become the primary global demand center, with PVC consumption expected to grow at 7.5% annually over the next five years. Meanwhile, China faces declining margins, slower domestic demand, and consolidation pressure among smaller, non-integrated carbide-based producers.
Kuo said that although global PVC supply is projected to grow by 7.3-million metric tonnes (mmt) over the next five years will surpass that at over 10-mmt, signaling a path toward market recovery by 2027–2028. However, trade dynamics, including potential anti-dumping duties (ADD) and BIS certification policies in India, may reshape global supply routes, particularly impacting Chinese exports.
Kuo concluded that this moment of turbulence is also a window of strategic opportunity for investors and stakeholders in the global PVC ecosystem in India.