Many industries in India, the development of the plastics industry is still quite impressive, even though India’s per capita is less than the level of use of plastics in China and other emerging countries in Asia, half of it is far behind the world average. However, with the Indian plastics consumption doubling every year, and more than 35 pounds per person, while local companies and foreign companies have made the Indian plastics industry, considerable investments made in the plastics industry in India the potential to be displayed.
Automotive market-driven growth in demand for plastics in India
Now, although India’s pet use only 20% of the U.S. and Japan, but India’s strong economic growth and expanding middle class indicates a considerable growth in India’s future needs. At present, India’s auto industry has risen to a new area, about 2.4 million progress manifold pipe is plastic material, is expected by 2020 will double the number of cars in India, and possibly the U.S.market in 25 years of Chaoyue scale.
Polymers promote the development of petrochemical industry the growth in demand
India’s current petrochemical industry is in a phase of rapid expansion. According to government estimates, India’s domestic demand for polymers from 580 million tonnes in 2008 to reach 11 million tons in 2015.Supported by the polyurethane industry in India tdi, mdi and polyether polyols demand is not expected to remain strong in the coming 5 years, India’s plastics consumption is among the world’s first 8-bit, but it is worth noting that, per capita consumption of only the polymer 5-6 kg, well below the international average of 27 kg, far lower than 17 kg per capita consumption in China, so there is a huge potential for development.
Take Measures to promote the plastics industry continues to grow
Government will launch a series of reform measures to promote the growth of plastic industry, such as special plastics throughout the country to establish production and processing industry clusters, through the establishment of special economic zones (sezs) to overcome infrastructure bottlenecks and create a favorable business environment for business. In addition, India also plans to invest $ 36,000,000 in the domestic construction of the upper reaches of the polymer industry, the Indian plastic processing industry to meet growing demand.
In agriculture, India’s demand for plastics in 2013 is expected to exceed 25.00 million tons. Another area is full of vigor and vitality packaging, packaging applications, the current ratio is 35 million tons by 2020, this figure will increase to 90 million tons. Again, growth in the automotive industry is a major driving force of plastic, the current annual growth rate of more than 18%, the industry estimated that the market value of 80 billion U.S.dollars, the world’s major car manufacturers are already in action.
At present, India’s demand for plastic raw materials by 13% -14% if per capita growth rate of dollars to as high as 22 million tons by 2015, accounting for the global polymer 9% of the total demand, then India and China after the United States after the first the three major consumer of plastics will be within sight.
If you are not getting the print edition of this magazine visit www.modernplasticsindia.in register for free download.
Editor in Chief