DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/kd5372/petrochemicals) has announced the addition of the "Petrochemicals Industry in India" report to their offering.
India's petrochemical industry has been one of the fastest growing industries in the Indian economy. It provides the foundation for manufacturing industries such as pharmaceuticals, construction, agriculture, packaging, textiles, automotive, etc. The major accelerator for the growth of the petrochemical industry in India is its ongoing economic development.
The Indian petrochemical industry faces a number of challenges for sustained growth, putting India at a competitive disadvantage in the competition with China. India's ethylene capacity is far smaller than China's and is unlikely to rise above its Asian rival's levels in the next 5-7 years. This will make it impossible for India to develop applications further downstream.
Other major issues faced by the Indian petrochemical industry are lack of low cost feedstock and dependence on western countries for technology. New crackers and derivatives projects announced are making slow progress and their coming onstream might be further delayed.
The petrochemical industry in India is oligopolistic with four main players dominating the market, namely Reliance Industries Ltd. (RIL) along with Indian Petrochemical Ltd. (IPCL), Gas Authority of India Ltd (GAIL), and Haldia Petrochemicals Ltd. (HPL). One of the major advantages that this industry has to itself is a competitive range of labor cost and a huge trained talent pool. Meanwhile, insufficient basic infrastructure, prevalence and use of old technology and high feedstock cost in comparison to Middle East countries are some setbacks it continues to face.
However, it is anticipated that the output growth of almost $200 billion from the current $83 billion will be made within the coming decade. The future of the Indian petrochemicals industry is bright with domestic demand driving the market for products. With Government support slowly falling into place, the future could see more investments from multinationals as well as domestic companies.
Taiyou Research's report on the Petrochemicals Industry in India is a complete profile of this growingly competitive industry in India that is fast making its presence felt across the world.
Key Topics Covered:
1. Executive Summary
2. Global Petrochemicals Industry
3. Petrochemicals Industry in Asia
4. Petrochemical Industry in India
5. Aromatics and Derivates Industry
6. Olefins and Derivatives Industry
7. Methanol and Derivatives Industry
8. Styrene and Derivatives Industry
9. Vinyls Industry
10. Fertilizer Industry
11. India Petrochemicals Industry: SWOT Analysis
12. Industry Trends
13. Major Projects
14. Regulatory Framework
15. Major Industry Players
16. Industry Forecast
19. Research Methodology
List of Figures & Tables
- Gas Authority of India (GAIL)
- Haldia Petrochemicals
- Indian Oil Corporation (IOC)
- Reliance Industries (RIL)
For more information visit http://www.researchandmarkets.com/research/kd5372/petrochemicals