Polymers are an important part of the Indian Chemical Industry attributed to their huge demand since the inception of the industry in India in 1957. They form about 70% part of the total petrochemical demand. The polymer industry grew at a rate of about 10.5% and contributed about 8% to India’s GDP from 2017 to 2022. In 2022, India’s consumption of polymeric material was estimated to be about 18 million metric tons. In India, there are around 15 major polymer producers, about 37,000 plastic processing units, and recyclers employing more than forty lakh individuals. The blog post aims to provide insights into the current and expected demand of major polymers in India.
Most of the data was obtained from market research websites such as www.chemanalyst.com, www.researchandmarkets.com, comwww.techsciresearch.com, www.mordorintelligence.com, and www.maximizemarketresearch.com.
- LDPE: Low Density Polyethylene
- HDPE: High Density Polyethylene
- LLDPE: Linear Low Density Polyethylene
- PVC: Polyvinyl Chloride
- PP: Polypropylene
- PS: Polystyrene
- PET: Polyethylene Terephthalate
- PA: Polyamide
- EP: Epoxy
- PTFE: Polytetrafluoroethylene
The graph provides the approximate demand (KTA) values of major polymers such as LDPE, HDPE, LLDPE, PVC, PP, PS, PET, PA, EP and PTFE in India during 2021 and expected in 2030. The right upward-slanted black arrow provides the approximate values of CAGR growth from 2021 to 2030.
Of the mentioned polymers PP, PVC, LDPE, HDPE, and LLDPE had the highest volume demand in 2021 and would maintain a similar trend in 2030. Whereas, polymers such as PS, PA, EP, and PTFE were lower-volume polymers both in 2021 and 2030. All the polymers showed a CAGR growth rate of around 5 to 8%.
I believe this data will confirm the existence of polymers in 2030 and that too demanded at much higher volumes. So, let’s all be cautious in their usage and disposal.
Dear Readers, do go through the above blog post on ‘Current and Expected Demand of Major Polymers in India’ and let me know your viewpoints in the Comments section.
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One thought on “Current and Expected Demand of Major Polymers in India”
Very interesting and informative