Group 1 - India has become the largest single contributor to global PVC demand growth, reshaping the demand landscape for PVC and its downstream markets amid global oversupply and trade adjustments in the chemical industry [2][3] - By 2030, India's PVC consumption is expected to double, driven by urbanization, large-scale infrastructure development, and a growing middle class [3][5] - PVC is now considered a critical pillar for infrastructure in India, with applications ranging from pipes and cables to flooring and films [3] Group 2 - The global caustic soda market remains strong, while chlorine prices are experiencing higher volatility and lower profit margins, leading to a supply-demand imbalance that benefits PVC buyers but pressures global producers' profit margins [3][4] - By 2034, the global PVC market is projected to grow by 16 million tons, with India emerging as a new growth center alongside Southeast Asia and the Middle East [5] - India's per capita PVC consumption is expected to increase from 2.6 kg to 5 kg by 2030, indicating significant market growth potential despite being lower than China's 16 kg [5] Group 3 - The Indian PVC industry faces challenges that require key measures, including establishing tariff protection mechanisms, increasing investments in downstream manufacturing, and promoting policy reforms for infrastructure development [6] - The National Infrastructure Pipeline (NIP) and other public sectors are playing a positive role, but regulatory consistency and public-private cooperation are crucial for unlocking the full potential of India's vinyl industry [6]