This site provides elaborate information on the Indian petrochemical market, along with the relevant details that encompass the use of petrochemicals and technological improvements contributed by the marketing of petrochemical products.
However, today the Indian petrochemical market can boast of having international standards because it has the blend of low cost coupled with high class infrastructure.Indian petrochemical market today has high demand elasticity with high volume industries and theIndian petrochemical sector is a capital intensive sector. With the rapid growth of the middle class inIndia, the demand for petrochemical goods is anticipated to increase manifold. Reliance Industries, Nocil, and the IPCL are the 3 major companies which can boast of having fully-integrated plants.Indian petrochemical sector was operated and mastered by the state-owned IPCL till the early 90s. Nocil was the only private sector enterprise set up with modest infrastructure and capacity .However, after liberalization, IPCL and Reliance came up with large-sized plants. 70% of the output of theIndian petrochemical sector constitutes polymers, and in the last few years, the growth rate of these industries has been 16-18% per annum. These petrochemical objects are sold through stockists, C & F channels, and distributors. The companies directly meet the large volume sale. Prices are determined by international pricing and are very volatile in nature.
Last Updated on 13 December 2011