Polymers Market in India: packaging and manufacturing industry are the major applications through 2020
The polymers are very important material in the industries. Many different types of products are processed from polymers for day to day life. The Polymers Market in India has a great potential for growth due to its versatile usage of different material for different purposes. There is high scope of production and supply capacity of lists of polymers across the globe in the global plastics market.
Current trends of the Polymers Market in India:
The packaging industry is the primary and the most prominent industry of the Polymers Market in India. Uflex in India is the largest global packaging solution company with its overseas operation industries in the US, Poland, Egypt, Mexico and UAE. Thus, this market is profitable for investment for packaging industry.
Applications of the Polymers Market in India:
The Polymers Market in India has very high potential due to the size of population of the region. The polymer processing and polymer manufacturing industries are highly demanded in the country. To tackle the environmental concerns, there is a rise in demand for biodegradable polymer products in the polymer industries.
As per the forecast market analysis studies by IndustryARC, Packaging industry is the largest consumer of polymers in India. This industry is estimated to grow at a rate of 15% p.a. over the next few years.
Segmentation and key players of the Polymers Market in India:
The Polymers Market in India is segmented into various categories in the IndustryARC market research report by type, by application and by top 5 traders by type.
By type: polyethylene, polypropylene, polyvinyl chloride, polystyrene, abs resin and others
By application: packaging, building and construction, automotive, consumer products and others.
By top 5 traders by type: LDPE, HDPE, LLDPE, polypropylene, polystyrene, polyvinyl chloride and abs resin
Some of the key players in the Polymers Market in India according to the IndustryARC market analysis report who are huge suppliers of various polymers are as follows:
- Indian Oil Corporation Ltd.
- Reliance Industries Limited (RIL)
- Haldia Petrochemicals Limited (HPL)
- GAIL (India) Limited
- Supreme Petrochemicals Limited
The Polymers Market in India is a thriving and it has great potential owing to the size of the market. The polymers are highly useful for various end user industries to manufacture different products. This market is profitable for investment due to the rising demand of polymers and global plastics industries during 2015-2020.
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