17 November 2009 16:04 [Source: ICIS news]
MUMBAI (ICIS news)--Indian polypropylene (PP) exports are likely to peak at 1.3m tonnes in 2010-2011, up from 820,000 tonnes in 2009-2010, said an industry executive on Tuesday.
Indian PP demand was projected to grow by 13% in the year ending 31 March 2010 to reach 2.045m tonnes, he said. With the average rate of growth projected at 10%/year over the next five years, demand was expected to hit 3.965m tonnes in 2014-15.
The key growth drivers would be the packaging, automotive, medical and infrastructure sectors, said Shah.
The Indian Petrochem 2009 conference, being held in Mumbai, ends on Tuesday.
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