Polymer Industry witnesses Phenomenal Growth , Features - Personality

Arvind Mehta
Chairman & Managing Diretor
Welset Plast Extrusions Pvt Ltd.

The demand for polymers in the first three quarters of 2009 (April – December) has shown a phenomenal growth. It is the highest ever growth witnessed by the plastic industry of India in the span of last 60 years.

This year the average growth rate has been about 20% and in many sectors, while in certain sectors the growth rate has exceeded 30 – 35 % as well.

In specific, the masterbatch industry, which is supplementary to the polymer industry, is also witnessing strong growth trends. The growth of the masterbatch industry is also around the 20% mark. The demand of the masterbatch industry is around 1,50,000 tonnes, which includes colour, additive, white, black and filler masterbatches.

The small quantity addition of additives carries a very large responsibility on a global scale of enabling innovation in plastics and assisting the plastics business in achieving the success it is witnessing today.

With over 150 manufacturers of Masterbatches in India, the products rank high in terms of quality, compliances to international standards and extremely price competitiveness in the global markets. Exports continue to be an area for strength for this industry where Africa, Middle East, China, CIS countries being prominent and growing markets.

Increased technologies in fusion in this sector will see paragon shift from ‘me-too’ products to specialty products with strong product differentiators.

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