UK-based market research firm, Applied Market Information (AMI) has made a promising growth forecast for the plastics industry in the Indian subcontinent. "With a population greater than China but polymer demand only one-fifth the size, the subcontinent region's plastics industry has enormous potential for growth," stated a new industry report released recently by AMI. The region's thermoplastic consumption has grown by 10% per year since 2007 and is expected to continue on a similar positive trajectory over the next five years, despite the recent slowdown in economic growth. According to AMI, the total demand for thermoplastic resins in the Indian subcontinent will top 12.5-mn tonnes in 2013.
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