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Indian Petrochemicals Industry
Scope eKnowledge Center Pvt Ltd, July 2002, Pages: 42
Petrochemicals industry is crucial member of the Indian economy since it caters to the needs of major industries like power, telecom, cables, plastics, textiles etc.
The report provides insight into various aspects of the Indian industry along with some relevant details about global industry.
Low per capita consumption offers good potential to players planning to foray into the Indian petrochemical industry. For instance, the per capita consumption of polymers, synthetic fibres, synthetic rubber and plastics in India is very low - at 2.5 Kilograms, 1.6 Kilograms, 0.2 Kilograms, 3.0 Kilograms respectively (whereas the global consumption is 17.3 Kilograms 3.9 Kilograms, 2.1 Kilograms, 17.0 Kilograms respectively). And to top this, the growth rate of the Indian industry during last four years has been around 15 percent whereas it was 4 percent in the global industry during the above period. This substantiates the huge potential that Indian petrochemicals market offers for future entrants.
As a background, the report gives a brief history about the Indian petrochemicals industry, the segmentation and characteristics specific to the industry. The industry can be segmented into primary petrochemicals (olefins such as ethylene, propylene and aromatics such as benzene, toluene), intermediate petrochemicals (such as DMT, PTA) and end products (such as synthetic fibres, polymers, synthetic rubber). The report deals in depth on the segmentation and on the products under each segment. Under characteristics specific to the industry, various entry barriers in terms of minimum economic size and capital requirements, import dependency of feedstock have been elaborated in detail.
The global scenario has been covered providing the market size (by value) of the global petrochemicals industry, shift in global industry from the West to Middle East and Asia, and general trends in the industry. The shifts/trends in global industry have been explained with ethylene as an example.
The current scenario in the Indian petrochemical industry has been comprehensively covered with specific emphasis on government regulations pertaining to the industry, supply - demand scenario and the pricing aspects in the industry. The government regulations have played an important role in the growth of the Indian industry. Focus has been given on divestment in the industry and government’s support to the industry in terms of anti dumping duties. Budget 2001 and exim policy 2001 has been analyzed, with detailed discussion on the implications of the proposals.
A separate supply - demand side scenario of the report enlightens the reader with capacity of various products that are covered under segmentation, production and consumption in those products. Since economies of scale plays an important role in the profitability, the capacity of various players in each product category is also given.
The factors that have huge bearing on the revenues of the industry have been discussed. The report also gives the financial performance of the following major players:
Gas Authority of India Limited
Grasim Industries Limited
Indo Rama Synthetics Limited
Indian Petrochemicals Corporation Limited
Reliance Industries Limited
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