The company’s report – Polypropylene Industry Outlook in India to 2022: Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants – reveals that some of the upcoming new-build and expansion projects, HPCL Rajasthan Refinery Pachpadra Polypropylene Plant, Nayara Energy Vadinar Polypropylene Plant, Indian Oil Corporation Paradip Polypropylene Plant, HPCL-Mittal Energy Bhatinda Polypropylene Plant 2, with a capacity of 1.150mtpa, 1.050mtpa, 0.700mtpa, and 0.500mtpa, respectively, are expected to commence their production by 2022.The largest polypropylene plants in India in 2017 were Reliance Industries Jamnagar Polypropylene Plant 1, Reliance Industries Jamnagar Polypropylene Plant 2, Indian Oil Corporation Panipat Polypropylene Plant, HPCL-Mittal Energy Bhatinda Polypropylene Plant 1 and Reliance Industries Hazira Polypropylene Plant.
Dayanand Kharade, oil and gas analyst at GlobalData, explains: “Increasing polypropylene demand mainly from packaging, due to urbanisation and growing income levels are contributing to large capacity additions in India.”The major companies in the country are Reliance Industries, Indian Oil Corp, Oil and Natural Gas Corp, Hindustan Petroleum Corp and Haldia Petrochemicals. In 2017, together these companies accounted for 86.6% of the polypropylene capacity in India.
In 2017, these sectors accounted for almost 83.0% of the polypropylene demand in India.The average price of polypropylene is expected to grow at a CAGR of 3.2% from $1228.6/tonne in 2017 to $1440.0/tonne in 2022.
According to GlobalData forecasts, imports as a percentage of demand is expected to decrease from 12.2% in 2017 to 11.0% in 2022.For the latest refining and petrochemical industry related videos, subscribe to our YouTube page.