Published on December 30, 2013

Polymer industry is growing at the CAGR of 18 & 20% from last three and five years respectively. The main two reasons for this growth are lower cost of polymer products and superior properties of products that are made of polymer.

Recently a research report said that polymer industry in India is expected to continue to perform well because of increase in use of polymer products in country and good demand from end-user industries. According to this report the key user industries for polymer products are expected to grow at healthy rate in near future which will drive growth in polymer industry. Increase in demand from sectors like pharma, FMCG, beverages, consumer durables, housing and industrial chemicals is also one of the reason for good growth in polymer industry.

For the current week industry scenario shows that fluctuation of Rupee against USD have resulted fluctuation in the demand of Polymer industry. Industry players are purchasing the raw materials on need-basis, and many of them do not find out any downward movement in the prices in the near term. Industry sources said that uncertainty of currency is major concern for the traders in this market for the further trade and waiting that price may decline in near future if INR strengthens.