Published on November 18, 2013

Polymers form an important constituent of the Indian petrochemical industry. Significant steps have been taken by the industry and the Indian government, so that the production and quality of polymers remain top class. An analysis of the drivers explains the factors for growth of the market and includes demand from the industry associated with packaging, growth in associated manufacturing sectors, and increment in the usage of polymer products in depreciation of rupee, agriculture and low per capita consumption of polymer. Growth is directly linked with its associated sectors that are prime polymer users. These require polymer in their product development and thus pose as significant drivers for the sector.

Off late, the depreciation of rupee has added to major woes in the cost of imports in the sector. India has seen increased demand in the domestic market and with imports slowing down due t immense opportunities exists for domestic manufacturers to cater to the rising demand, to increment in the costs. Finally, India faces low per capita consumption of polymers holding various opportunities for the sector. However, the sector also has certain challenges associated to this. Factors such environmental degradation and rise in crude oil prices pose as hindrance or this sector.

The competition section offers a competitive landscape of the players by providing their financials and key financial ratios. Still expected to grow, the market is showing positive inference for the players.