Polymer consumption in India to reach 15 Million tons in 5-7 years

Polymer consumption in India, currently pegged at 8 mln tpa, is poised to more than double to 15

mln tons in 5 years, maximum 7 years’ time, as per Mr Ajay Shah, Senior VP Polymers, Reliance

Industries Ltd., at his keynote address at IPI Mumbai Chapter's Two Day International Conference on

Advances 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 capita

polymer consumption is poised to grow from its current 8 kg in India. Processing capacity is expected

to 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 will

be consumed by the injection moulders of India in the time period, as per Mr Shah. An investment of

Rs 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 of

financial 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 over

750,000 tons. The moulds and dies sector, however needs to catch up to keep up with global

standards, 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. The

two day conference in Mumbai will offer presentations by experts on latest trends and technologies

and machines developed worldwide for injection moulding. The program will focus on energy

management, sustainability, green moulding and innovations in injection moulding manufacturing

technologies to enable intelligent manufactures to stay ahead and prosper. Topics of the conference

will provide a valuable update on the latest development in machines, energy management,

injection moulding processes and controls. Technical specialists will share information on latest

research and developments worldwide injection moulding and applications.

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