India poised to become a polymers powerhouse, report says


India's growing population has driven the demand for polymers, however, it has not achieved its full potential, Research Analyst Ashok Pant told PlasticsToday.

According to a new report from GlobalData, India is currently the world's third largest consumer of polymers, behind China and the U.S., with a share of 5.7% of the 2011 global total—an increase from its 2000 share of 3.5%.

Pant said the growth of the polymer industry in India has been gradual. The major polymer end-use sectors, such as packaging, automotive, and construction, gained momentum after the economic liberalization in 1991.

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