Benefits of Petrochemical Products

This site provides detailed information on the Benefits of Petrochemical Products. It also focuses on other factors that contributed to the growth of Petrochemical Industry and reducing Environment pollution.

In today's jet fast life the Benefits of Petrochemical Products does not need to be mentioned. The Benefits of Petrochemical Products are profound in our daily life and without it this world would come to a stand still. InIndia the Department of Chemicals Petrochemicals, GOI are the concerned highest authority of theIndian Petrochemical Industry and Environment related issues. TheIndian Petrochemical Industry and Environment related issues are well addressed to suit the needs of the country. TheIndian Petrochemical Industry is at par with world standard. Thus,India share a good portion of Petrochemical business in world market. Asian countries, African countries and even Arab world buysIndian Petrochemical products. The demand forIndian Petrochemical products is high mainly because of its quality and competitive pricing.India's low cost and high end Petrochemical products manufacturing expertise coupled with developing world class infrastructure is the main leveraging factor for the rise of this industry.India offers Petrochemicals at a substantial discount than its western counterparts while delivering the same grade of output.

TheIndian Petrochemical products are -

• Fiber
• Cotton
• Cellulosics
• Synthetics
• Acrylics
• Polyamides
• Polyester
• Wool
• Elastomers
• Polymers
• Surfactants

Uses and final products of Petrochemicals are -

• Paints
• Alkyd Resins
• Industrial De-greasers
• Odorless Thinners
• Inks
• Construction Chemicals
• Dry Cleaning
• Cleaning chemicals
• Maintenance Chemicals
• Insecticides
• Insecticides Aerosols
• Agricultural pesticides
• Paints
• Thinners
• Charcoal Lighters
• Oil drilling

The advantages of manufacturing high class Petrochemical Products inIndia are -

• Friendly Government ofIndia policies
• Low cost labor
• Low and world class infrastructure
• Strong technical education
• Large number of science and engineering graduates
• Quality output
• Highly skilled workforce
• Usage of innovative process
• Good client relationships
• Huge scope for innovation
• Expansion of existing relationships
• Huge demand in overseas markets
• Availability of more technical work force
• Increased number and quality of training facilities

Strengths ofIndian Petrochemical industry -

• Large and very fast growingIndian petrochemical market
• Huge trained talent pool
• Competitive labor cost

Weaknesses ofIndian Petrochemical industry -

• Insufficient basic infrastructure for the petrochemical industry
• High feedstock cost in comparison to Middle East countries
• Prevalence and use of old technology
• Synthetic fiber industry is unorganized and operates in small clusters

Opportunities inIndian Petrochemical industry -

• Huge demand for polymer and synthetic fiber
• Great opportunity for product development exists
• Low consumption of polymer in comparison to global consumption rate

Threats toIndian Petrochemical industry -

• Stiff competition from other regional players like, china and the Middle East countries
• Stiff rational pricing pressures
• Environmental hazards concerns
• Low market recognition
• Relocation of manufacturing sites to region with abundance of feedstock

Notable points of theIndian Petrochemical industry -

• Represents 2% of world market
• Does business worth USD 30 billion
• Rate of growth of theIndian petrochemical industry is 10%
• Profit incurred is around 14%
• Wide variety of products
• Basic components are petrochemicals, inorganic chemicals and fertilizers
• TheIndian states of Gujarat, Maharashtra, West Bengal and Andhra Pradesh have the largest concentration of chemical and petrochemical units

Last Updated on 13 December 2011