Market Forecast By Type (Ethylene, Polyethylene, Ethylene oxide, Propylene, Polypropylene, Propylene Oxide, Others), By Application (Chemical & Petrochemicals, Pharmaceuticals, Paints & Coatings, Others) And Competitive Landscape
Product Code: ETC324084 | Publication Date: Sep 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Indian petrochemical industry is the second largest in Asia and the third largest in the world. India is the world’s sixth largest producer of ethylene and propylene, with a production capacity of around 8.5 million tons per year. Additionally, the Indian ethylene and propylene market is driven by factors such as the growing demand for plastics from the packaging, construction, and automotive industries, and the increasing use of ethylene and propylene in the manufacturing of chemicals.
According to 6Wresearch, the India Ethylene And Propylene Market size is likely to witness growth during 2022-28. The growth of India ethylene and propylene Market industry is supported by certain key factors such as growing demand from the packaging, construction, and automobile industries. The increasing population and the resulting rise in the standard of living are also some of the major factors driving the market growth. Additionally, the Indian ethylene and propylene market is restrained by the volatile raw material prices and the presence of a large number of unorganized players in the market. These players often resort to illegal activities such as adulteration, which hampers the market growth. However, the government regulations regarding the use of plastics are also some of the major restraints for the market growth. Additionally, one of the biggest challenges is the high cost of raw materials. Ethylene and propylene are made from crude oil, which is currently very expensive. This has led to an increase in the price of ethylene and propylene. Further, another challenge facing the industry is the increasing competition from other countries. In particular, China is rapidly increasing its production of these chemicals. This is putting pressure on Indian companies to lower their prices.
Report Name | India Ethylene and Propylene Market |
Base Year | 2021 |
Historical Period | 2018-2021 |
Forecast Period | 2022-2028 |
Market Size | XXXX |
Revenue Forecast | XXXX |
Growth Rate | XXXX |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Type, By Applications |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
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In terms of application, the market is categorized into chemical & petrochemicals, pharmaceuticals, paints & coatings and others. Currently, the chemical & petrochemicals application holds the highest market share in the overall Indian ethylene and propylene market.
The India ethylene and propylene market is driven by the growing demand for plastics in various industries such as packaging, construction, automotive, and others. The increasing use of ethylene and propylene in the production of polyethylene (PE) and polypropylene (PP) is another factor driving the growth of the market. Additionally, the automotive industry is one of the major consumers of ethylene and propylene. Ethylene is used in the production of car interiors, while propylene is used in the production of bumpers and other parts. The growing demand for cars in India is expected to drive the growth of the ethylene and propylene market over the forecast period. Further, the packaging industry is another major consumer of ethylene and propylene. Ethylene is used in the production of flexible packaging, while propylene is used in the production of rigid packaging.
The Covid-19 pandemic has severely affected the market. Due to imposition of lockdowns all over the country, the construction activities were put to a stop which led to a decrease in the overall demand for the product. Also, the revenue generated from the product fell down substantially as movement of people was limited and the manufacturing and consumption were stopped. Although, the growth of market was slow during the pandemic, the market dynamics has gradually started to revive its operations and is expected to grow a great extent over the coming years.
Major key players operating in the India ethylene and propylene market are:
The report offers a broad study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ethylene And Propylene Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ethylene And Propylene Market Revenues & Volume, 2021 & 2028F |
3.3 India Ethylene And Propylene Market - Industry Life Cycle |
3.4 India Ethylene And Propylene Market - Porter's Five Forces |
3.5 India Ethylene And Propylene Market Revenues & Volume Share, By Type, 2021 & 2028F |
3.6 India Ethylene And Propylene Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 India Ethylene And Propylene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Ethylene And Propylene Market Trends |
6 India Ethylene And Propylene Market, By Types |
6.1 India Ethylene And Propylene Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Ethylene And Propylene Market Revenues & Volume, By Type, 2018 - 2028F |
6.1.3 India Ethylene And Propylene Market Revenues & Volume, By Ethylene, 2018 - 2028F |
6.1.4 India Ethylene And Propylene Market Revenues & Volume, By Polyethylene, 2018 - 2028F |
6.1.5 India Ethylene And Propylene Market Revenues & Volume, By Ethylene oxide, 2018 - 2028F |
6.1.6 India Ethylene And Propylene Market Revenues & Volume, By Propylene, 2018 - 2028F |
6.1.7 India Ethylene And Propylene Market Revenues & Volume, By Polypropylene, 2018 - 2028F |
6.1.8 India Ethylene And Propylene Market Revenues & Volume, By Propylene Oxide, 2018 - 2028F |
6.2 India Ethylene And Propylene Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Ethylene And Propylene Market Revenues & Volume, By Chemical & Petrochemicals, 2018 - 2028F |
6.2.3 India Ethylene And Propylene Market Revenues & Volume, By Pharmaceuticals, 2018 - 2028F |
6.2.4 India Ethylene And Propylene Market Revenues & Volume, By Paints & Coatings, 2018 - 2028F |
6.2.5 India Ethylene And Propylene Market Revenues & Volume, By Others, 2018 - 2028F |
7 India Ethylene And Propylene Market Import-Export Trade Statistics |
7.1 India Ethylene And Propylene Market Export to Major Countries |
7.2 India Ethylene And Propylene Market Imports from Major Countries |
8 India Ethylene And Propylene Market Key Performance Indicators |
9 India Ethylene And Propylene Market - Opportunity Assessment |
9.1 India Ethylene And Propylene Market Opportunity Assessment, By Type, 2021 & 2028F |
9.2 India Ethylene And Propylene Market Opportunity Assessment, By Application, 2021 & 2028F |
10 India Ethylene And Propylene Market - Competitive Landscape |
10.1 India Ethylene And Propylene Market Revenue Share, By Companies, 2021 |
10.2 India Ethylene And Propylene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |