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Analysis of the current supply and demand situation and competitive landscape of the global PVC market in 2022: China's PVC production capacity accounts for up to 42%

December 18, 2023

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Core data of this article: Global PVC production, global PVC production capacity, and regional proportion of global PVC production capacity

1. Classification of PVC products

PVC products can be classified according to their application scope into general-purpose PVC resin, high degree of polymerization PVC resin, and cross-linked PVC resin; According to polymerization methods, it can be divided into suspension PVC, lotion PVC, bulk PVC and solution PVC; According to the content of plasticizers, PVC can be classified into non plasticized PVC, rigid PVC, semi rigid PVC, soft PVC, and PVC paste plastics. At present, there are many types of PVC products, which are widely classified in various industries.

2. Overall scale of global PVC production capacity: Currently, the global PVC production capacity is around 62.8 million tons

In recent years, with the continuous increase in demand in the downstream PVC market, the global PVC industry's production capacity has shown a sustained growth trend. According to the annual report of Xinjiang Tianye, the global PVC production capacity in 2019 was 58 million tons, a year-on-year increase of 5.2%; Preliminary statistics show that in 2020, the global PVC production capacity was around 62.8 million tons.

3. Global PVC Industry Production Changes: The global PVC production in 2020 was 54.31 million tons

The global PVC production showed an overall upward trend from 2016 to 2020. According to Bloomberg's statistics, China's PVC production accounts for 42% of global production, and based on this, the global PVC production in 2020 is estimated to be 54.31 million tons.

5. Regional distribution of global PVC production capacity: China, the United States, and Japan have become important production areas

Due to the high production costs of PVC in Europe and Japan, the global PVC production capacity is mainly concentrated in Northeast Asia, with China having about half of the global PVC production capacity. According to WIND data, in 2020, China, the United States, and Japan were important PVC production regions worldwide, with production capacity accounting for 42%, 12%, and 4%, respectively.

6. Global major PVC companies have higher production capacity: West Lake Chemical has higher PVC production capacity

In 2020, the top three global PVC companies in terms of annual production capacity were Westlake, SHINTECH, and FPC. The annual PVC production capacity in 2020 was 3.44 million tons, 3.24 million tons, and 3.299 million tons, respectively. Secondly, companies with a production capacity exceeding 2 million tons also include Inovyn.

In summary, the PVC industry has a wide range of applications worldwide. With the continuous increase in demand, PVC production capacity and output are also on the rise. In 2020, the global PVC production was 54.31 million tons. As an important production region in the global PVC industry, China accounts for up to 42% of its production capacity. In the future, as downstream industries gradually recover from the epidemic, it is expected that the global PVC production capacity and output will continue to grow.

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