“Polymer Industry in India - Export Opportunities and Promising Growth in Domestic Packaging and Automotive Sectors to Drive the Demand”

India's Rise to Polymers Powerhouse

An insatiable manufacturing industry, a surging economy, and supportive government policies have already made India a polymers superpower, but the best is yet to come, states a new report by business analysts The authors.

According to the report*, India is currently the world's third largest consumer of polymers, behind China and the US, with a share of 5.7% of the 2011 global total - an increase from it's 2000 portion size of 3.5%.

Growth in the polymers industry really kicked off in India after the country's economic liberalisation in 1991. The resulting deregulation and privatization sparked a boom in end-use sectors such as packaging, construction and automotive that has seen per capita consumption increase from 1kg in 1980 to 7.4kg in 2010.

This level, however, is still much lower than the world average and with surging industrialization and an increasingly powerful economy, the subcontinent still has massive as-yet largely untapped potential.

Production levels are soaring in order to keep up with India's ravenous demand. In 2011, the manufacture of polymer products was 7.377 Million Metric ton per annum (MMtpa), and this will surge at a CAGR of 9.4% to reach 11.575 MMtpa by just 2016.

The authors's research indicates that polymer demand in India is even outstripping the country's strong GDP growth; in the period 2000 to 2011, India's GDP climbed at a Compound Annual Growth Rate (CAGR) of 7.6%, whereas polymer consumption across all areas grew at a CAGR of 9.1%.

India's government has played a key role in boosting the significance of polymers, in terms of both consumer demand and in the production industry.

Publication Overview

This report provides an in-depth analysis of the Indian polymer industry. It highlights the major features of the industry and explains the reasons behind its impressive growth in the last decade.

Scope

- India's historic and forecast per capita plastics consumption

- Historical and forecast polymers capacity in India

- Polymer demand and production by commodity in India

- Global polymer demand and production share by region

- Global polymer capacity split by region

- Historic and forecast polymer imports into India

- Demand for polymers by the packaging and automotive sectors in India

- Historic processed plastics exports from India

- Forecast demand for polymers from the plasticulture sector in India

Reasons to Buy

- Understand end-use sectors which drive polymer demand in India.

- Develop business strategies with the help of specific insights on the polymers supply scenario in India.

- Identify opportunities in the Indian polymer industry with the help of specific insight on the polymer demand scenario in India.

- Increase future revenue and profitability with the help of insights into the future opportunities and critical success factors in the Indian polymer industry.

For more information visit http://www.researchandmarkets.com/research/sdgnnw/polymer_industry_i

Source: GlobalData