A key component of all the products we use over a typical day, plastics are ubiquitous in modern life and their use is expected to increase. By 2015, the global plastics consumption is expected to reach a value of 297.5 Millions Tons. A major change in this industry’s scenario is the shift of production bases to low-cost Asian countries, with India and China expected to drive growth in the medium to long-term period.
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