Plastics & Polymers
Plastic is the term used to define a wide range of synthetic and semi-synthetic organic products. Plastic products find its application in the household as well as industry. This can be attributed to its low cost, ease of production and non-reactivity to water. It is generally derived from petrochemicals and hence Oil Marketing Companies (OMC) are the major suppliers of plastic & polymer raw materials.
Plastic industry is significantly contributing to the growth of Indian economy finding its usage in key industrial sectors – automotive, textile, furniture, construction, electronics, healthcare, packaging, irrigation, agriculture, etc. Domestic consumption of plastic is on rise and is growing annually at more than 10% CAGR. However, compared to the developed nation India still lag behind average plastic consumption.
Organizations Under Plastics & Polymers Sector