New Report Available: India Petrochemicals Report Q1 2016
Recently published research from Business Monitor International, "India Petrochemicals Report Q1 2016", is now available at Fast Market Research
[USPRwire, Wed Dec 23 2015] While India did report growth in Indian petrochemicals production in 2015 , this growth was largely unspectacular , even as feedstock prices fell and profit margins grew. The long-term challenge to the industry is removing the bureaucratic obstacles to investment, which would require greater government action on land acquisition, corruption and environmental approvals.
With a soaring domestic market and growing export-led manufacturing, India has significant potential and could replace China as Asia's premier investment destination for petrochemicals. In 9M15, chemicals growth was 4.5%, up from -0.3% in 2014, while rubber and plastic rose 3.1%, up from 2.5%. Average growth in petrochemicals demand is forecast at 8% per annum over the next five years, with the polymer market alone set to reach around 20mn tonnes by 2019. This provides a strong basis for sector expansion.
Full Report Details at
Key problems include severe delays to investment projects, particularly the slow establishment of petrochemicals zones and access to feedstock, which depends on imports. The historic win by the pro-business Bharatiya Janata Party (BJP) during the 2014 Lok Sabha elections improves the likelihood of policy formation and execution. However, there are significant and seemingly intractable problems that previous BJP-led administrations have failed to result, such as the high cost of domestic capital, high cost of overseas inputs due to a relatively weak Indian rupee, the lack of fiscal capacity to finance fixed asset investment and the numerous business environment issues that continue to delay infrastructure development (eg, environmental clearances, land acquisition, convoluted bureaucracy).
The India Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.
BMI's India Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Indian petrochemicals industry.
* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Indian petrochemicals market.
* Target business opportunities and risks in the Indian petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in India.
* Assess the activities, strategy and market position of your competitors, partners and clients
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