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Polypropylene Market in India to Grow at CAGR 11% till 2030

Boisterous growth in the plastic packaging industry and geotextile industry, emerging downstream applications and rapid urbanization to drive India polypropylene market through 2030

According to recently published TechSci Research report India Polypropylene Market Study, 2015-2030”, the polypropylene market in India is projected to grow at a CAGR of over 11% during 2017 - 2030. Surging application areas, rising industrialization and commercialization constitute major factors that are promoting propylene market in India. Impact Copolymers Polypropylene (ICP) is used in manufacture of automotive components, and with the country’s automotive components market valued at around $ 39 billion for FY 2016, the growth potential for polypropylene market in India is huge. Similarly, Tubular Quenched Polypropylene (TQPP) is widely used in the country’s packaged food market, which is projected to grow to $ 110 billion by 2020. Rise in consumption expenditure, given the surging rate of development across the country, will see an enhanced usage of polypropylene and its derivatives in diverse application segments in the coming years.

In terms of region, West and North regions were the major demand generators in India polypropylene market in 2016, owing to the presence of numerous major plastic processing facilities in the two regions. ICP and raffia were the application segments that enjoyed the lion’s share in 2016, owing to their widespread use in automotive components and geotextile segments, respectively. Both of these application segments are expected to continue dominating the market until 2030. Reliance Industries Ltd., Indian Oil Corporation Ltd., HPCL-Mittal Energy Ltd. and Haldia Petrochemicals Ltd. Are the leading players operating in India polypropylene market.

“Polypropylene is a widely used thermoplastic polymer produced from addition polymerization of monomer propylene. Polypropylene offers high resistance to temperature and provides higher tensile strength due to which it is preferred in various applications such as caps, batteries, pails, automotive components, blow moulding, extrusion thermoforming and sheet extrusion. Such factors make it the second most traded polymer in the world after polyethylene. Over the next decade, growth potential for polypropylene market in a robustly growing huge economy like India is huge.” said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.

“India Polypropylene Market Study, 2015-2030” has analyzed the potential of the polypropylene market in India and provides statistics and information on market sizes, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by India Polypropylene market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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