APIC ’09: India polymer demand to grow 11-12% in 2009, 2010

15 May 2009 09:02  [Source: ICIS news]

SEOUL (ICIS news) -- Polymer demand in India is forecast to grow by 11-12% in 2009 and 2010, the Indian Chemicals & Petrochemicals Manufacturers’ Association said in a report on Thursday.

According to statistics presented by CMPA at the 9th Asia Petrochemical Industry Conference (APIC), India’s polymer sector was expected to recover and register a decent growth of 12% to 6.43m tonnes  in 2009.

In 2010, the country's total polymer demand was projected to grow 11% to 7.16m tonnes.

Polymer demand registered a robust growth in 2007 at 16% but the growth decelerated sharply to 3.8% last year due to the economic and financial meltdown.

The two-day conference runs from May 14-15.

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By: Liu Xin
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