India's Polypropylene market capacity to grow

摘要

India's Polypropylene market capacity is to grow 5155,000 tpa by 2017 says report. Polypropylene demand in India grew from 1535000 tpa in 2006 to 3072000 tpa in 2012, at a CAGR of 12.3%. According to Indian Petro Group, production capacity more than doubled during this period to reach 4190000 tpa in 2012 from 1945000 tons in 2006. Domestic production of PP kept pace with demand, increasing from 1844000 tons in 2006 to 3692000 tons in 2012 (CAGR of 12.3%). Production exceeds demand in the Indian PP market and India exported over 800000 tons of PP in 2011 and 2012.