The Indian Petrochemicals Market, 2020

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

In a field of more than 25 Indian Petrochemical industry participants, the publisher independently plotted the top 10 companies in this report analysis. The report on the Indian Petrochemicals Industry is a competitive benchmarking tool on the Growth and the Innovation potential of select petrochemical companies that have based their core operations in India.

Almost all companies plotted on the report have a noteworthy Innovation score and are making adequate investments in R&D. The publisher attributes this to their proactive product development strategies that seek to address the environmental concerns of both regulatory authorities and of OEMs themselves.

The report measures growth rates in addition to absolute revenues and combines them with several other factors (described in the report) to measure companies’ performance along the growth axis.

The companies profiled here have a product portfolio of at least 2 distinct subsegments in the petrochemical space, i.e., polyolefins, vinyls, aromatics, and/or with backward integration to make their own feedstock. Weightage has been given to companies with a product portfolio that meets import substitution and companies that are expected to boost the local economy, be they existing players or new entrants.

RIL, IOCL, and BPCL are leaders on the report because of their niche product range, their target geography, and their low business risk, as they have backward integrated to manufacture their own raw materials.