Demand from the packaging industry to drive the Polymer Market in India, finds Netscribes

Netscribes (India) Pvt. Ltd. launches a report on the Polymer Market in India 2012 as part of Netscribes’ Manufacturing Industry Report Series.

Mumbai, India – Jan 20, 2012 – Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report Polymer Market in India 2012. The polymer industry in India is expected to see steady growth in the future. Per capita consumption of polymers is still low compared to developed nations which brings with it a latent opportunity for the sector to grow. Though crude oil and naptha prices have been a reason of concern as imports tend to become dearer, India is set to become more self-reliant and grow to suffice its domestic demand for polymers.

The report begins with an overview of the petrochemical industry in India providing the market size and growth as well as information regarding the increase in refining capacity in India. This is followed by a primary segmentation of the industry. An overview of polymer industry provides an introduction to the sector and covers the market size and growth along with share of polymer in India. This is followed by an analysis of the value chain as well as a description of the key processes involved in the methodology for developing polymeric products. The section also renders information about the distribution model prevalent in the sector along with an EXIM trend over a period of five years. Porter’s Five Forces analysis concludes this section.

The next section provides highlights regarding the major polymers in the Indian Market. The sector can be categorized into four major sub-divisions of polymers. It includes information regarding individual market sizes and growth. Also provided are the primary properties and uses of these polymers.

An analysis of the drivers explains the factors for growth of the market and includes demand from packaging industry, growth in associated manufacturing sectors, increase in usage of polymer products in agriculture, depreciation of rupee and low per capita consumption of polymer. Due to marketing policies varying across sectors and unique attractive packaging surfacing as a potent determinant for success of products, packaging sector is poised for growth. Growth in packaging sector will translate in to strong demand for the polymer industry. Growth is directly linked with its associated sectors that are prime polymer users. Growth in the Indian economy ushers in the development of sectors such as infrastructure, automobiles and consumer goods. These require polymer in their product development and thus pose as significant drivers for the sector. Agriculture constitutes another sector that has emerged as a potential end user for polymers. Be it infrastructural projects such as irrigation or even construction activities, polymers find its applications in such areas. Depreciation of rupee has added to major woes in the cost of imports for the sector. India has witnessed increased domestic demand and with imports slowing down due to increased cost, immense opportunities exists for domestic manufacturers to cater to the rising demand. Finally, India faces low per capita consumption of polymers which poses latent opportunities for the sector. However, the sector is also facing certain challenges. Factors such as rise in crude oil prices and environmental degradation pose as impediments for this sector.

Government participation in this sector covers policy resolution for promotion of PCPIR, certain schemes of the Government and formation of Petroleum and Natural Gas Board Act. The major trends identified include usage of polymers in the healthcare sector, improvised marketing offers for polymer buyers, and shift towards gas based production units and investments.

The competition section offers a competitive landscape of the players by providing their financials and key financial ratios. It also provides basic information including corporate office address, contact numbers along with year of incorporation. Key financial parameters constitute the financial performances of the players which are followed by business highlights. Strategic recommendations followed by an appendix comprise the concluding section of the report.

About Netscribes (India) Pvt. Ltd.

Netscribes (www.netscribes.com) is a pioneering knowledge consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, publishing services and customized knowledge database creation. At its core lies a true value proposition that draws upon a vast knowledge base.

For more information please write to info@netscribes.com

Gaurav Kumar
Podar Center, 85 Parel Post Office Lane
Off Dr. Ambedkar Road, Parel (East)
Mumbai 400 012
Maharashtra, India.
Tel: +91 33 4064 6214
Email: gaurav.kumar@netscribes.com

This release was published on openPR.