India Vinyl Chloride Monomer Market Size Report 2033

India Vinyl Chloride Monomer Market Size, Share, Trends and Forecast by Application, End User Industry, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A30860

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India Vinyl Chloride Monomer Market Overview:

The India vinyl chloride monomer market size reached USD 1.15 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.05 Billion by 2033, exhibiting a growth rate (CAGR) of 6.08% during 2025-2033. The market is driven by rising PVC demand in construction, automotive, and packaging sectors, fueled by urbanization and infrastructure projects. Additionally, stringent environmental regulations and consumer preference for sustainable products are pushing manufacturers to adopt eco-friendly production methods, further propelling the India vinyl chloride monomer market share.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 1.15 Billion
Market Forecast in 2033	USD 2.05 Billion
Market Growth Rate (2025-2033)	6.08%

India Vinyl Chloride Monomer Market Trends:

Increasing Demand from the PVC Industry

The rising demand for polyvinyl chloride (PVC) in various industries is significantly supporting the India vinyl chloride monomer market. PVC, a key derivative of VCM, is widely used in the construction, automotive, packaging, and healthcare sectors. On 29^th July 2024, Adani Enterprises announced the commission of the first phase of its USD 4 Billion (about Rs 33,000 crore) polyvinyl chloride (PVC) plant at Mundra in Gujarat by December 2026 with an initial capacity of 1 million tonnes per annum (TPA) and eventually 2 million TPA. The move marks Adani Group’s foray into the vinyl chloride monomer (VCM)-based PVC space in India, which currently has a supply crunch of 2.5 million tonnes against the backdrop of rising demand. After getting the necessary environmental approvals and securing financing led by SBI, the project will use acetylene-carbide technology to support India's infrastructure-based PVC growth. The construction industry, in particular, is a major consumer of PVC due to its applications in pipes, fittings, and insulation materials. With India's rapid urbanization and infrastructure development, the demand for PVC is expected to rise, subsequently enhancing the VCM market. Additionally, government initiatives such as "Housing for All" and smart city projects are further propelling the need for PVC-based products. This trend is likely to continue as the country focuses on sustainable and cost-effective building materials, making VCM a critical component in the chemical industry's growth trajectory.

India Vinyl Chloride Monomer Market Size

Shift Towards Sustainable Production Methods

The growing emphasis on sustainable and eco-friendly production processes is creating a positive India vinyl chloride monomer market outlook. Environmental concerns and stringent regulations are pushing manufacturers to adopt greener technologies in VCM production. Traditional methods of VCM manufacturing, which rely heavily on fossil fuels, are being replaced by more sustainable alternatives such as ethylene-based processes. Companies are also investing in energy-efficient technologies and waste-reduction strategies to minimize their environmental footprint. This shift is driven by regulatory compliance and increasing consumer awareness and demand for sustainable products. As a result, the VCM market is witnessing a transformation, with players focusing on innovation and sustainability to align with global environmental standards and cater to the changing preferences of the Indian market.

India Vinyl Chloride Monomer Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on application and end user industry.

Application Insights:

PVC
Copolymer
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes PVC, copolymer, and others.

End User Industry Insights:

Building and Construction
Healthcare
Electrical
Others

A detailed breakup and analysis of the market based on the end user industry have also been provided in the report. This includes building and construction, healthcare, electrical, and others.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Vinyl Chloride Monomer Market News:

August 29, 2024: Reliance Industries announced a plan to set up integrated 1.5 million tonnes per annum (MTPA) polyvinyl chloride (PVC) and chlorinated polyvinyl chloride (CPVC) manufacturing facilities at its Dahej and Nagothane sites by the fiscal year 2026-27, thereby doubling RILs existing PVC production capacity of 750,000 TPA. Considering India presently has PVC demand at 3.7 MTPA with a growth momentum, this expansion will provide the domestic value chains for vinyl chloride monomer (VCM) that will steer consumption aided by infrastructure build-up and lifestyle changes. This makes Reliance a clear leader in this space as India's industrial growth, influenced by its efforts, drives requirements for high-quality VCM-based processes.

India Vinyl Chloride Monomer Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Application End User Industry Region
Applications Covered	PVC, Copolymer, Others
End User Industries Covered	Building and Construction, Healthcare, Electrical, Others
Regions Covered	North India, South India, East India, West India
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the India vinyl chloride monomer market performed so far and how will it perform in the coming years?
What is the breakup of the India vinyl chloride monomer market on the basis of application?
What is the breakup of the India vinyl chloride monomer market on the basis of end user industry?
What is the breakup of the India vinyl chloride monomer market on the basis of region?
What are the various stages in the value chain of the India vinyl chloride monomer market?
What are the key driving factors and challenges in the India vinyl chloride monomer market?
What is the structure of the India vinyl chloride monomer market and who are the key players?
What is the degree of competition in the India vinyl chloride monomer market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India vinyl chloride monomer market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India vinyl chloride monomer market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India vinyl chloride monomer industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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