22 June 2012 07:14 [Source: ICIS news]
Total PVC demand in
Deshpande was speaking at at the 16th World Chlor-alkali Conference (21/22 June), organised by ICIS and Tecnon OrbiChem.
“Because of the lack of ethylene capacity in
PVC growth in
Domestic demand for PVC pipes is increasing because of the growing housing sector as well as the water and irrigation sector especially within the agriculture industry, said Deshpande.
“Investments in wires and cables are also expected to consume around 1m tonnes of PVC in the next five years. Downstream expansion in PVC use is outpacing supply making imports inevitable,” said Deshpande.
Indian PVC makers include Finolex, Reliance, Chemplast, DCW and DCM.
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