Asia is anticipated to lead the global planned and announced vinyl acetate monomer (VAM) capacity additions with a capacity of 1.41 mtpa by 2025. Within Asia, India is expected to lead the global VAM capacity additions, accounting 74% of the region’s capacity additions, says GlobalData, a leading data and analytics company.

GlobalData’s report, ‘Global Vinyl Acetate Monomer Industry Outlook to 2025 – Capacity and Capital Expenditure Forecasts with Details of All Active and Planned Plants’ reveals that VAM capacity in Asia is poised to see considerable growth over the next five years, potentially increasing from 5.75 mtpa in 2020 to 7.16 mtpa in 2025, registering an Average Annual Growth Rate (AAGR) of 4.4%.

Bhargavi Gandham, Oil and Gas Analyst at GlobalData, says: “In India, Reliance Industries Jamnagar Vinyl Acetate Monomer Plant, an announced project, contributes to the total announced capacity of 1.05 mtpa by 2025. It will be operated by Reliance O2C Ltd.”

GlobalData identifies China as the second highest country in terms of VAM capacity additions with a capacity of 0.36 mtpa by 2025. Among the planned and announced projects, majority of the capacity additions will be from a planned project ShengHong Holding Group Lianyungang Vinyl Acetate Monomer Plant, with the capacity of 0.30 mtpa by 2025. It will be operated by Shenghong Refining & Chemical (Lianyungang) Co Ltd.

The United Kingdom will be the third highest country in terms of capacity additions with the capacity of 0.30 mtpa by 2025. All the capacity additions will be from an announced project INEOS Group Hull Vinyl Acetate Monomer Plant 2.

Reliance Industries Ltd, Shenghong Petrochemical Group Co Ltd, and Ineos Ltd will be the top three companies globally in terms of planned and announced capacity additions over the upcoming years.