India’s Plastics and Chemicals Sectors Grow/India Is Home to Massive Petrochemical Plants, Business and Industry Trends Analysis

Several of the world’s largest polymers companies have major operations in India.  These include Momentive Performance Materials which was formerly GE Advanced Materials (GE was an early leader in the offshoring of engineering work to India), Bayer and BASF.  Much of plastics production in India is PVC pipe and plastic films. The Indian plastics industry has posted strong growth in recent years.  Although current plastic consumption is relatively low, both domestic consumption and exports of plastics have good long term prospects.  Analysts at Reliance Industries forecasted that India’s plastics market would post growth of 10% per year between 2015 and 2018,…

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