India Plastics Market Booming Worldwide with Latest Trend and Future Scope by 2029

Indian plastics market is projected to grow at a CAGR of 5.2%, during the forecast period. The plastic industry is growing at a considerable rate in India and is making a huge contribution to the country’s economic development and growth of end-use markets of plastics, such as automotive, electronics, construction, and others. According to the Federation of Indian Chambers of Commerce & Industry (FICCI), in 2018, India observed substantial regional diversity in the consumption rate of plastics, with Western India estimated for around 45.0%, Northern India for around 25.0%, and Southern India for around 20.0%. Most of the plastic consumption in Northern India is from packaging, automotive, plasticulture, electronics, among others.

India's plastics market is segmented based on type and application. Based on type, the market is broadly categorized into thermoplastics and thermoset plastics. The thermoplastic plastic segment includes the analysis of polyethylene (PE), polypropylene (PP), polystyrene (PS), polyvinylchloride (PVC), polyethylene terephthalate (PET), and others. The thermosetting plastics include polyurethane (PUR), epoxy resins, phenolic resins, acrylic resins, and others such as unsaturated polyester, melamine resins, and vinyl ester resins. Based on application, the market is segmented into packaging; building & construction; automotive; electrical & electronics; household, leisure & sports; agriculture; and others.

To Request a Sample of our Report on India Plastics Market: https://www.omrglobal.com/request-sample/india-plastics-market

India Plastics Market Segmentation

By Type

·        Thermoplastics

·        Polyethylene (PE)

·        Polypropylene (PP)

·        Polystyrene (PS)

·        Polyvinylchloride (PVC) 

·        Polyethylene Terephthalate (PET)

·        Others

·        Thermosets

·        Polyurethane (PUR)

·        Epoxy Resins

·        Phenolic Resins

·        Acrylic Resins

·        Others

By Application

·        Packaging

·        Building & Construction

·        Automotive

·        Electrical & Electronics

·        Household, Leisure & Sports

·        Agriculture

·        Others

A full Report of India Plastics Market is Available @ https://www.omrglobal.com/industry-reports/india-plastics-market

Company Profiles

·        Arkema Group

·        Overview

·        Asahi Kasei Corp. in Plastics Landscape

·        Recent Developments

·        Axel Polymers Ltd.

·        BASF SE

·        Hexcel Corp. 

·        INEOS AG

·        Reliance Industries Ltd.

·        Roechling Group

·        RTP Co.

·        Sumitomo Chemical Co., Ltd.

·        Tipco Group

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About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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