The Thriving Market Of Polymers

Plastic is seeing an increased demand from all areas, be it industry or the end consumer. From being used by manufacturers from different industries to finding its application in packaging across industry segments. The major factor that is increasing the demand for polymers market in India is the financial conditions and favourable macroeconomic conditions. Also the rural market is one of the growth frontiers for several polymers manufacturing companies in India that provides a huge market to be tapped. Several healthcare companies are investing R&D so that they can find potential application in different growing technologies such as scaffolds, sutures, drug delivery and others. Polymers industry in India is expected to increase its demand. It is because of its growth in different applications by end users such as consumer products, packaging and others.

Automobile manufacturing companies are finding innovative solutions in order to deliver better fuel economy and also lower the emissions because the consumers are looking for several ways to save money as the price of fuel is rising continuously now. According to reports, Indian region is expected to enjoy the fastest growth in polymer demand anywhere in the world over the next five years, outstripping China and other emerging economies.

In India, the market is driven by government’s policies to encourage foreign direct investment and facilitate closer integration with the worldwide economy, helping to drive investment in petrochemicals, polymer production and downstream plastic processing. Growth in the region is not only fuelled by such policy relaxations but also by rising urbanisation of a large, youthful, population, leading to greater consumer spending for items that require plastics.

We studied this industry segment in-depth and have come up with the list of 10 Most Promising Industrial Polymer Companies who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.

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