Global PVC demand growth has largely ground to a halt
Release time:2026-07-08
At the beginning of the year, the market widely projected that global PVC demand would grow by around 1.3 million tons in 2026. However, due to pronounced demand weakness in Europe, the Middle East, South Asia, and Northeast Asia during the first half of the year, current projections have been revised to a possible net contraction of roughly 200,000 tons for the full year.
Analysts at S&P Global note that annual contractions in global PVC demand have been exceedingly rare this century. Impacted by the situation in the Middle East, PVC spot prices in the United States, China, and Europe surged sharply between March and April. But by mid-June, those gains had been fully erased, with prices falling back to pre-war levels or even lower.
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