HC plastic mesh News: India Economy In recent years, been a record growth, mainly due to the desire to attract capital, a strong inflow of foreign investors, it is bound to become the world's largest economies. Decrease in foreign capital inflows may affect the expected expansion of the petrochemical industry. Particularly plastic slower growth in recent years, the report pointed out that the Indian petrochemical integration of closed or small, inefficient producers.
2009, India has combined 3.03 million tons of ethylene, 287 million kWh of propylene and butadiene production capacity of 280,000 tons. In the polyolefin market, India 720,000 tons of high-density polyethylene ( HDPE ), 2.2 million tons of low density polyethylene (LDPE), 119 tons of linear low density polyethylene ( LLDPE ), 835,000 tons of polyester (PET), 255 tons of polypropylene, 460,000 tons Polystyrene (PS) and 153 tons of PVC (PVC). In other parts of the 14.83 million tons of synthetic ammonia and 665,000 tons of methanol. Production capacity expansion in 5 years. 2014, olefins capacity is expected to reach 15.00 million tons, more than 140% increase compared with 2009. During the same period, the polyolefin capacities are set to nearly double to 13.71 million tons. Although the PVC capacity will continue to remain at 1.53 million tons of polyethylene capacity will grow 170%, largely due to the demand for linear low density polyethylene 3-fold expansion, and PP Will nearly double. Report that the pattern in the global market, the product structure is conducive to the export sector, is conducive to Oil Chemical development. The current planning project is expected to be postponed for six months.
Despite the global economic downturn ,2009-2010 oil consumption in India is expected to continue growing, especially in the packaging industry began to strengthen in the second half. Growth in the domestic market to offset a decline in exports. In the first half, Reliance Industries announced a group demand to 25% with the polymer, the domestic growth of most petrochemical products. Manufacturers also focus adjustment, such as increased Sell To other emerging markets, marketing strategies, improve quality standards and development of niche products. Overall, the plant started in late 2009 after the restoration of the operating rate of 75-90% when compared with the beginning of 2009, which should indicate the successful expansion of production capacity in the short term. India, another producer of the favorable factors against imports from abroad, but domestic direct supply. In an uncertain economic environment, reduce the loss of producers to reduce more quickly to the market reaction. Excess capacity and high inventory is a major downside risk, producers will be keen to maintain the supply of the market to prevent price volatility or decline.
Even taking into account the delays and cancellations, India will lead a rapidly expanding petrochemical industry. Government of India expects domestic demand for polymers of 5.8 million tons from 2008 to 2015 to reach 11 million tons. This means that India will continue to maintain a net exporter of polymer. However, the report predicts that from 2012 to 2014, India will increase its gross hundreds of millions of dollars from 15-18 to 30-35 the level of hundreds of millions of dollars, Tata Strategic Management Group, to meet the domestic demand growth in 2013 years, per capita consumption will reach polymer 13 kg. Although fairly modest relative international standards, it would be much higher than the 4.7 kilograms in 2007, accounting for 20% of the global average. In addition, it will make India the world's third largest plastic consumer after the United States and China.
HC original plastic net, All rights reserved Please indicate the source, rights reserved. I am an expert from China Manufacturers, usually analyzes all kind of industries situation, such as ippc pallets , goldway.
Related Articles -
ippc pallets, goldway,
|
