# PVC: Production

A world running well below its capacity

Source page: https://www.materialinsights.org/chemicals/pvc/production/

What this tab covers Who makes it and how much: world capacity and output, utilisation, the top producing countries and companies globally and in India, concentration, new capacity coming, and each region's position.

| Measure | Figure | Detail | Source |
|---|---|---|---|
| **World capacity** | about 60-65 Mt/yr of PVC (2025, indicative); VCM capacity 54.8 Mt (2024) and 57.1 Mt (2025) |  | GlobalData via Offshore Technology (VCM, via VCM tile); PVC indicative |
| **World output** | about 47 Mt (2023, derived); world operating rate 76% in 2023, forecast in the mid-to-upper 70s (S&P Global) |  | S&P Global via Chemical Week, Apr 2024; VCM tile |
| **Capacity utilisation** | about 75-80% (indicative) | Weak Chinese construction and European demand since 2023 keep rates low. About 1.7 Mt of new ethylene-based Chinese PVC came by end-2025, and producers were expected to cut run rates (S&P Global, Jul 2025). | S&P Global, Jul 2025; indicative |
| **Concentration** | China about 45%; top 3 countries about 70% (indicative) | Outside China a few firms dominate: Shin-Etsu (Shintech), Westlake, Formosa, OxyVinyls, INEOS Inovyn and Orbia. Westlake alone has 3.46 Mt of VCM capacity (VCM tile). | VCM tile (Westlake 10-K FY2025); indicative |
| **New capacity** | China about 1.7 Mt of new ethylene-based PVC by end-2025; India capacity could rise about 2.5x (CareEdge) | Qatar Vinyl 350 kt/yr (Mesaieed, 2025); TA'ZIZ UAE EDC/VCM/PVC complex of 1.3 Mt/yr due 4Q2028 (VCM tile); Adani Mundra 1 Mt/yr (development phase, no date); Reliance expansions announced (sizes not checked). | S&P Global, Jul 2025; VCM tile; Adani Enterprises 2026; CareEdge via Indian Chemical News, Dec 2025 |

#### Top producing countries
 China 45% · about 25-28 Mt/yr capacity, about 70% carbide route (indicative) United States 15% · about 9 Mt/yr (indicative); export-led Europe 10% · about 6 Mt/yr (indicative) Japan 5% · about 3 Mt/yr (indicative) Taiwan 4% · about 2 Mt/yr; Formosa (indicative) India 3% · about 1.6 Mt/yr capacity (FY2025-26) VCM tile (indicative); Adani Enterprises 2026

#### Largest producers: global

| Company | Country | Volume | Year | Source |
|---|---|---|---|---|
| **Shin-Etsu Chemical (Shintech)** largest PVC producer (indicative); Plaquemine VCM Plant 3 in the US | Japan/US | not published | 2025 | [company disclosures](https://www.shinetsu.co.jp) |
| **Westlake** faces EU 58.0% and UK 56.01% anti-dumping duties on US PVC | US | 3.46 Mt VCM capacity | 2025 | [Westlake 10-K FY2025 (via VCM tile)](https://www.westlake.com) |
| **Formosa Plastics Group** major exporter to India (indicative) | Taiwan/US | not published | 2025 | [company disclosures](https://www.fpcusa.com) |
| **OxyVinyls (Occidental, sold to Berkshire Hathaway)** not published here | US | not published | 2025 | [VCM tile](https://www.oxy.com) |
| **INEOS Inovyn** Europe's largest; sells bio-attributed Biovyn PVC (indicative) | UK/Europe | not published | 2025 | [company disclosures](https://www.inovyn.com) |
| **Orbia (Vestolit, Alphagary)** integrated from fluorspar and salt to PVC pipe (indicative) | Mexico | not published | 2025 | [company disclosures](https://www.orbia.com) |
| **Xinjiang Zhongtai Chemical** large carbide-route producer (indicative) | China | not published | 2025 | [VCM tile](http://www.zthx.com) |
| **Qatar Vinyl** start-up expected Sep 2025 | Qatar | 0.35 Mt/yr new PVC plant (Mesaieed) | 2025 | [S&P Global, Jul 2025](https://www.qatarenergy.qa) |

#### Largest producers: India

| Company | Country | Volume | Year | Source |
|---|---|---|---|---|
| **Reliance Industries** largest; ethylene-based EDC/VCM at Dahej and Hazira; expansion announced (VCM tile) | India | not published | 2025 | [Reliance annual report](https://www.ril.com) |
| **Finolex Industries** Ratnagiri PVC from imported VCM and EDC; also India's largest PVC pipe maker (indicative) | India | not published | 2025 | [company disclosures](https://www.finolexpipes.com) |
| **Chemplast Sanmar** suspension (Cuddalore) and paste PVC; petitioner in the 2026 CVD case | India | not published | 2025 | [company disclosures](https://www.chemplastsanmar.com) |
| **DCM Shriram** Kota, carbide route (VCM tile, indicative); petitioner in ADD and CVD cases | India | not published | 2025 | [company disclosures](https://www.dcmshriram.com) |
| **DCW** Sahupuram; petitioner in ADD and CVD cases | India | not published | 2025 | [company disclosures](https://www.dcwltd.com) |

India's PVC demand was about 4.55 Mt in FY2025-26 against about 1.6 Mt of capacity, with about 3 Mt imported (Adani Enterprises 2026); CareEdge says about three-quarters of demand is imported. China supplied 1.17 Mt of suspension PVC in 2025, 47% of suspension imports, up from 38% in 2024 (S&P Global, Feb 2026). Adani's Mundra Petrochemicals is developing a 1 Mt/yr integrated PVC plant; even with it, a shortfall of about 3 Mt/yr is projected for 2030 (Adani Enterprises 2026).

#### Position by region

| Region | Position |
|---|---|
| **US** | Low-cost ethane and chlorine; large exporter. FAS Houston PVC fell to $630/t in Jul 2025, a five-year low; faces EU, UK and Brazil anti-dumping duties. |
| **EU** | High-cost; protected by a 58.0% anti-dumping duty on US PVC (VCM tile); German infrastructure spending of €500 billion could lift pipe demand (S&P Global 2025). |
| **India** | About two-thirds to three-quarters import-dependent; prices set by Chinese and US offers and Indian trade remedies. |
| **China** | About 45% of capacity, mostly carbide-based; export VAT rebate on PVC revoked from 1 Apr 2026, raising export prices (VCM tile). |
| **Japan** | Exporter of PVC and VCM to Asia (indicative). |
| **Middle East** | New export capacity in Qatar and the UAE; less dependent on Hormuz-sensitive India trade than PE and PP today. |

## Other sections

- [Summary](https://www.materialinsights.org/chemicals/pvc/index.md)
- [Overview](https://www.materialinsights.org/chemicals/pvc/overview/index.md)
- [Correlation](https://www.materialinsights.org/chemicals/pvc/correlation/index.md)
- [Production route](https://www.materialinsights.org/chemicals/pvc/routes/index.md)
- [Feedstocks](https://www.materialinsights.org/chemicals/pvc/feedstocks/index.md)
- [Cycles](https://www.materialinsights.org/chemicals/pvc/cycles/index.md)
- [Trading](https://www.materialinsights.org/chemicals/pvc/trading/index.md)
- [Movement](https://www.materialinsights.org/chemicals/pvc/movement/index.md)
- [Regulation](https://www.materialinsights.org/chemicals/pvc/regulation/index.md)
- [Characteristics](https://www.materialinsights.org/chemicals/pvc/characteristics/index.md)
- [Emissions](https://www.materialinsights.org/chemicals/pvc/emissions/index.md)
- [Relationships](https://www.materialinsights.org/chemicals/pvc/links/index.md)