Published on May 12, 2014

The resin market in India is on the brink to grow in the coming years. The Indian polyester resin market is growing by leaps and bounds. With increase in manufacturing activities, resin market has got vivid variety of application. This sector is again become opportunity sector in India. It is expected to grow remarkably in the near future. Higher prices are one of the major concerns of this industry but again longer durability of the product is impressive. India has got heavy imports for MEG and PTA. At present these chemicals are facing shortage of supply in the market. The supply of the chemical will be increased as fresh material is expected to arrive at the ports.

The marine sector is the one which is expected to witness the highest growth in developing countries like India, Thailand, Brazil and even China. Usage of resin in yacht making, large sized boats, and ship making companies is gaining more and more popularity. The sector has got the high opportunity as its physical and chemical properties are incredible and highly flexible. Industries are waiting for the formation of new government as new policies will come into picture.