14 July 2011 05:23 [Source: ICIS news]
SINGAPORE (ICIS)--Polyester production in India will roughly double to 8.5m-9.0m tonnes over the next decade, with an annual average growth of 12%, an executive from Reliance Industries said on Thursday.
This means a yearly increase of about 500,000 tonnes, Reliance Industries president for polyester chain Rajen Udeshi said at the 5th Asian Aromatics and Derivatives Conference in Singapore.
Despite the strong growth, India’s production and per capita consumption of polyester is still below the world’s average, Udeshi said.
Global production of polyester is currently at 55m tonnes, translating to an average per capita consumption of 8.5-9.0kg, given that world's population is at 6.5bn, he said.
India, which has a population of 1.2bn people, only has an average polyester per capita consumption of 4.0-4.5kg, Udeshi said.
The aromatics conference runs from 13-14 July.
Please visit the complete ICIS plants and projects database
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|