Indian Petrochemical Companies is one of the major revenue earning sector in theIndian economy. This is capital-intensive and since the demand for petrochemicals is always high in the market, theIndian Petrochemical Companies have been playing significant role throughout.
Most of theIndian Petrochemical Companies were controlled by the state and was under the state ownedIndian Petroleum Corporation Limited till the early 1990s. It was after the liberalization policies taken up by theIndian government that private investments were made in petrochemical sector and one witnesses a healthy outcome of the Indian Petroleum Companies thereafter. Although there are many small and big petrochemical companies operating inIndia, still the major integrated plants in this sector are like theIndian Petroleum Corporation Limited, Reliance Industries, and NOCIL. The necessary features of theIndian Petrochemical Companies are:
- the high cost of the raw materials
- the rise of middle classes leading to increase in the demand for petrochemicals
- the close link between the domestic and the global market prices
- the adoption of new technological knowhow
Of the leading petrochemical products produced by the Indian Petroleum Companies, polymers comprise of nearly 70% of it. The PVC pipes and fittings are used in all sections of the economy like agriculture, housing, construction, telecom, and others. The main processing types used by the Indian Petroleum Companies are:
- Extrusion Molding
- Injection Molding
- Blow and Roto-molding
Indian Petroleum Companies produces a wide range of items required by the consumers of all groups such as films, sheets, fibers, filaments, pipes, conduits, profiles, household products like bath tubs, plastic crates, buckets, chairs, to name a few, bottles, containers, toys, house wares. The petrochemicals are also used in the healthcare and pharmaceutical sectors. The demand for plasticizers are increasing with the growing size of the middle classes inIndia, as plastics are used in all domains like that of packaging, agriculture, wires, cables, medicare, and as daily household articles.
To get more detailed information on various Indian Petroleum Companies, please search through the following links-
Last Updated on 13 December 2011