Amazines Free Article Archive
www.amazines.com - Sunday, January 17, 2021
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133447)
 Advice (161198)
 Affiliate Programs (34758)
 Art and Culture (73753)
 Automotive (145648)
 Blogs (75252)
 Boating (9847)
 Books (17221)
 Buddhism (4128)
 Business (1329060)
 Business News (426393)
 Business Opportunities (366367)
 Camping (10967)
 Career (72761)
 Christianity (15849)
 Collecting (11638)
 Communication (115069)
 Computers (241938)
 Construction (38915)
 Consumer (49684)
 Cooking (17072)
 Copywriting (6664)
 Crafts (18205)
 Cuisine (7545)
 Current Affairs (20420)
 Dating (45890)
 EBooks (19696)
 E-Commerce (48225)
 Education (185320)
 Electronics (83506)
 Email (6407)
 Entertainment (159839)
 Environment (28921)
 Ezine (3039)
 Ezine Publishing (5451)
 Ezine Sites (1550)
 Family & Parenting (110930)
 Fashion & Cosmetics (196430)
 Female Entrepreneurs (11848)
 Feng Shui (131)
 Finance & Investment (310482)
 Fitness (106338)
 Food & Beverages (62924)
 Free Web Resources (7940)
 Gambling (30223)
 Gardening (25154)
 Government (10541)
 Health (629647)
 Hinduism (2206)
 Hobbies (44057)
 Home Business (91585)
 Home Improvement (251097)
 Home Repair (46178)
 Humor (4833)
 Import - Export (5453)
 Insurance (45098)
 Interior Design (29586)
 International Property (3485)
 Internet (191003)
 Internet Marketing (146516)
 Investment (22852)
 Islam (1167)
 Judaism (1356)
 Law (80435)
 Link Popularity (4595)
 Manufacturing (20862)
 Marketing (99040)
 MLM (14136)
 Motivation (18222)
 Music (27013)
 New to the Internet (9496)
 Non-Profit Organizations (4048)
 Online Shopping (129632)
 Organizing (7805)
 Party Ideas (11853)
 Pets (38066)
 Poetry (2234)
 Press Release (12684)
 Public Speaking (5635)
 Publishing (7528)
 Quotes (2407)
 Real Estate (126634)
 Recreation & Leisure (95406)
 Relationships (87680)
 Research (16174)
 Sales (80337)
 Science & Technology (110268)
 Search Engines (23487)
 Self Improvement (153233)
 Seniors (6232)
 Sexuality (35950)
 Small Business (49281)
 Software (83016)
 Spiritual (23469)
 Sports (116098)
 Tax (7659)
 Telecommuting (34067)
 Travel & Tourism (307901)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11749)
 Website Design (56839)
 Website Promotion (36599)
 World News (1000+)
 Writing (35791)
Author Spotlight
MANMOHAN SINGH

Digital marketing professional with 8 years of experience. A good listner, Stratgist and fun loving ...more
CACEY TAYLOR

Im just a man who likes to be happy and see others happy. Im into home business, sports, family, and...more
ELLISEN WANG

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more
AYESHA GULZAR

Medical and Pharmaceutical Research writer Doctor of Pharmacy/Pharm D /RPh ...more
CED YONG

Writer, photographer, and graphic agency owner from Singapore. I'm also a Yamaha Electone player and...more


An Overview Of The Petrochemical Industry In India by Neel Rao





Article Author Biography
An Overview Of The Petrochemical Industry In India by
Article Posted: 11/24/2020
Article Views: 53
Articles Written: 36
Word Count: 578
Article Votes: 0
AddThis Social Bookmark Button

An Overview Of The Petrochemical Industry In India


 
Business
The petrochemical industry is among the most important industries, producing both final commodities and raw materials for other industries. Several other major industries such as healthcare, textiles, agriculture, etc. are depending on the petrochemical industry. The chemical products delivered by the petrochemical industries constitute about a third of the basic chemical industry. Hydrocarbons are extracted from natural gas and crude oil. Then the petrochemicals are derived from these hydrocarbons.

The Petrochemical Industry In India Several of the largest Indian companies such as BPCL, IOCL, RIL, ONGC, and GIL fall under the petrochemical industry. Gujarat, Kerala, Mangalore, Karnataka, and Maharashtra house some of India’s largest oil refineries. Apart from playing a direct role in the economy from the sale of the products, domestic production in the petrochemical industry is also important as it would help to reduce India’s dependency on foreign countries. Importing energy from the other countries drains away a major part of the forex reserves of the country. This affects the exchange rates, which implies that if the global oil prices increase, the import of other goods becomes costlier too. Moreover, diesel is crucial for goods transportation and a hike in diesel prices would affect the prices of even essential items such as food.

The Current Scenario In The Market In the year 1991, several economic reforms were introduced. By adopting liberalized policies, it brought about a major change in the domestic petrochemical industry. The current market scenario of the industry is as follows:

• It is expected that by 2022, the industry would reach 7 lakh crores and the CAGR would be around 14%.

• Around 30% of the raw materials in the chemical industry comes from the petrochemical industry. The value of these, materials is expected to reach about INR 17.5 lakh crores by this year.

• The petrochemicals industry, in general, sees substantial technological development. The petrochemical industry in India holds over 12% of the overall petroleum industry as of 2018.

• Polymer production is the major item that is manufactured accounting for a total production of 61% of the basic major petrochemicals.

• The petrochemical and polymer demand is expected to grow at 7.5% and 8% on a CAGR basis. While the demand for speciality chemicals is expected to grow at 12% CAGR.

Why Are Centrifugal Fans Important In Petrochemical Manufacturing? The equipment used in the petrochemical industry varies as much as the production processes do. The chemical substances at primary or derived levels undergo extensive treatment and processing. Centrifugal fans are used in processes such as producing fertilizers, plastic, alloys, paints, etc. Other uses include the processing of exhaust fumes and emissions.

What Are The Expected Market Trends In The Future? Renewable sources of energy are gaining popularity and many of the energy consumers might switch to them in the future. Many of the automobile industries are focusing on developing electric vehicles. This would reduce the demand for petroleum fuels in the transportation sector, one of the major consumers of petrol and diesel. However, the trend of increasing demand for petroleum products in various sectors is expected to continue for now. The market for petrochemical products still holds prospects.

Reitz India manufacturer of PA fans has gained a trusted name in the fan industry for their exclusive production standards and merchandise quality. Reitz India primary air fans supply significant static pressure air which is ideal for balancing the pressure drops in the boiler applications of various power plant industries.

Related Articles - centrifugal fan, industrial fans,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
LINDA DECANN

Linda DeCann is US based pursuing her career as brand ambassador. Previously she has helped hundreds...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
CHRIS BURTON

I am an International Corporate Consultant specialising in the bespoke formation of offshore compani...more
STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
DAMIAN POWELL

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more
PAUL RICE

hello everyone l been on the net since 2000 and enjoy my work l work as an affiliate and also have w...more
RENE VALENCIA

My name is Rene I am a Las Vegas nightlife blogger and long time socialite. I currently write for bo...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2021, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license