India’s PVC Demand to Hit 6 Million Tons by 2030, Facing 35% Supply Shortfall

The 13th VinylIndia Exhibition & Conference was held in Mumbai on April 9–10, 2026. Senior executives from India’s DCM Shriram Limited stated that even with new capacity coming online, India will remain long-term dependent on PVC imports.

According to Vinoo Mehta, Executive Director and Business Head of DCM Shriram, India’s PVC industry grew at a CAGR of 5.7% between 2020 and 2025. Demand is projected to rise to 6 million tons by 2030.

Even with planned new capacity from Reliance Industries and Adani Group scheduled for 2027–2028, India’s total PVC production capacity will only reach around 3.7 million tons by 2030, creating a supply-demand gap of 2.1 million tons—equivalent to a 35% supply shortfall. This deficit will have to be filled by imports.

Key Market Highlights

1. PVC plays a critical role in India’s agriculture, infrastructure and healthcare sectors, contributing 29% to India’s GDP.
2. India’s per capita PVC consumption is only 3 kg, far below China’s 16.5 kg and over 10 kg in developed economies.
3. Geopolitical conflicts have intensified volatility in feedstock and energy prices, threatening supply stability.

Mehta emphasized that expanding domestic capacity is the only way to secure supply chains and cushion external shocks. Despite new capacity additions after a long stagnation, India’s PVC import dependence will continue beyond 2030, offering sustained opportunities for overseas suppliers.