IHS Chemical Week

Markets :: Plastics :: Polyethylene

Petrochemicals and Polymers Sector Poised for Major Expansion

9:56 AM MST | February 21, 2012 | Natasha Alperowicz in New Delhi

Mitra: Doubling investments in petchems. India’s petrochemical and polymer sectors are set for a major boost under the country’s 12th five-year plan, which runs through until March 2017. India, with a population exceeding 1.2 billion, and a large and steadily growing middle class with rising disposable income, is forecast to be among the world’s five largest consumer markets by 2025. Polymer consumption is closely linked to GDP growth and India is the major economy with the second-fastest growth rate after China. Recently released government...

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