Polymer Consumption India
Published on: Mar 4, 2016
Transcripts - Polymer Consumption India
Polymer consumption in India to reach 15 Million tons in 5-7 yearsPolymer consumption in India, currently pegged at 8 mln tpa, is poised to more than double to 15mln tons in 5 years, maximum 7 years’ time, as per Mr Ajay Shah, Senior VP Polymers, RelianceIndustries Ltd., at his keynote address at IPI Mumbai Chapters Two Day International Conference onAdvances in Injection Moulding- What the Future Holds.In view of the current per capita consumption of 36 kg in China and 32 kg in Brazil, per capitapolymer consumption is poised to grow from its current 8 kg in India. Processing capacity is expectedto see a corresponding increase in the next 5-7 years to match this growth in polymer consumption.The highest growth will be seen in the injection moulding sector-2.6 mln tons of the 10 mln tons willbe consumed by the injection moulders of India in the time period, as per Mr Shah. An investment ofRs 3000 crore will be required in the machinery sector to sustain this growth over the next 5-7 years.The injection moulding sector in India witnessed a more than 50% growth year on year, in H1 offinancial year 2010-2011. Growth will be driven by the automobile and cell phone manufacturers.Polymer consumption pegged at 260,000 tons in the automotive sector is poised to triple to over750,000 tons. The moulds and dies sector, however needs to catch up to keep up with globalstandards, as per Mr Shah.Mr Venugopal, President & CEO, Sabic Innovative Plastics and Mr NK Balgi, President & Director -Ferromatik Milacron India Ltd, were the other guests at the opening session of the conference. Thetwo day conference in Mumbai will offer presentations by experts on latest trends and technologiesand machines developed worldwide for injection moulding. The program will focus on energymanagement, sustainability, green moulding and innovations in injection moulding manufacturingtechnologies to enable intelligent manufactures to stay ahead and prosper. Topics of the conferencewill provide a valuable update on the latest development in machines, energy management,injection moulding processes and controls. Technical specialists will share information on latestresearch and developments worldwide injection moulding and applications. Found on www.google.com India.