India’s petrochemical sector anticipates strong growth of 6-7% annually. Major capacity expansions are underway to cut import reliance. Polypropylene capacity will surge, potentially eliminating import needs by FY30. However, cost competitiveness is key. Global oversupply has pressured margins, but lower input costs offer some relief.
India’s petrochemical consumption growth to remain at 6-7% annually, capacity expansion to cut imports: Report
