Since it launched in 1999, Polymerupdate has fast grown to become a premier and preferred choice for global players seeking plastics and petrochemical information. With its daily feeds spread across product sectors coupled with real time pricing information, Polymerupdate has successfully built an impressive list of international community subscribers. Regular feedback and prompting from this global community of members has prompted Polymerupdate to venture into conferences. The first conference will be held in Mumbai, India from August 19-20, 2010.
We at polymerupdate believe that the conference will provide you an ideal platform to interact and network with top quality individuals from within the industry.
Petrochemical Industry Scenario
The Indian petrochemical industry has contributed in a major manner to the economic growth in general and the development of the country’s manufacturing sector, in particular. The origin of the Indian petrochemical industry can be traced to the 1970s. The sector witnessed rapid growth patterns in the 1980s and 1990s. The industry has recorded high levels of growth and has been a major contributor to the growth of India. The product portfolio of the country’s petrochemical industry chiefly comprises of synthetic rubber i.e. synthetic fiber, performance plastics, plastic processing industry, and polymers.
When seen in the overall context of the Indian economy, the petrochemical sector has been one of the fastest growth rate of around 14 percent. The huge contribution of this sector to the economy can be seen from that fact that this figure is more than twice the gross domestic product growth of the country. The sector has witnessed huge levels of investment which are essential for its development and continuous growth. The dominant part of the petrochemical industry comprises of polymers production. This segment has seen tremendous growth in the last few years with high levels of consumption from a huge middle class.
The challenges facing the Indian petrochemical industry are tuned to provide the industry with tools, which in turn will help in the rapid growth of the economy.
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