Indian plastics market is projected to grow at a CAGR of 5.2%, during the forecast period. The plastic industry is growing at a considerable rate in India and is making a huge contribution to the country’s economic development and growth of end-use markets of plastics, such as automotive, electronics, construction, and others. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), in 2018, India observed substantial regional diversity in the consumption rate of plastics, with Western India estimated for around 45.0%, Northern India for around 25.0%, and Southern India for around 20.0%. Most of the plastic consumption in Northern India is from packaging, automotive, plasticulture, electronics, among others.
India’s plastics market is segmented based on type and application. Based on type, the market is broadly categorized into thermoplastics and thermoset plastics. The thermoplastic plastic segment includes the analysis of polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. The thermosetting plastics include polyurethane (PUR), epoxy resins, phenolic resins, acrylic resins, and others such as unsaturated polyester, melamine resins, and vinyl ester resins. Based on application, the market is segmented into packaging; building & construction; automotive; electrical & electronics; household, leisure & sports; agriculture; and others.
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India Plastics Market Segmentation
By Type
- Thermoplastics
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinylchloride (PVC)
- Polyethylene Terephthalate (PET)
- Others
- Thermosets
- Polyurethane (PUR)
- Epoxy Resins
- Phenolic Resins
- Acrylic Resins
- Others
By Application
- Packaging
- Building & Construction
- Automotive
- Electrical & Electronics
- Household, Leisure & Sports
- Agriculture
- Others
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Company Profiles
- Arkema Group
- Overview
- Asahi Kasei Corp. in Plastics Landscape
- Recent Developments
- Axel Polymers Ltd.
- BASF SE
- Hexcel Corp.
- INEOS AG
- Reliance Industries Ltd.
- Roechling Group
- RTP Co.
- Sumitomo Chemical Co., Ltd.
- Tipco Group
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