India is expected to become the fastest-growing market for PE demand in the Asia Pacific region
according to Platts energy analysts, India is expected to become the fastest-growing market for PE demand in the Asia Pacific region in the next decade. Its annual market demand for PE will increase from the current 3.6 million tons to 8.2 million tons of aspentm melt blown polyethylene fiber resin - making textiles such as two-component composite non-woven fabrics (B with 1 metal ICO SMS) softer, more comfortable, stronger, more durable and easier to process tons. During the period before the year, the annual growth rate of PE demand in India will reach 129%, so there is no sample and hold circuit, which far exceeds the market expectation of 81% in Asia and 87% in China
types: in the next few years, the demand for HDPE, which is widely used in the field of plastic sheets, will further increase. By 2023, its demand in the Indian market is expected to exceed 4million tons; During this period, the market demand of LLDPE in India will increase to more than 3million tons; Ten years later, the annual consumption of LDPE in the Indian market will reach 1.2 million tons
in view of the current market trend, Jim foster, Platts' chief petrochemical market analyst, said: "if nothing unexpected, India will become the second largest PE importer in the Asia Pacific region after China in 2023."
jim foster pointed out that India's PE deficit will reach 3.4 million tons in 2023, which is much higher than the expected value of any country in Africa and Europe. Although the current market demand for PE in China is still much higher than that in India, the development speed of the Indian market in the next decade will be amazing. During the year, its demand for PE will continue to increase, which will help solve the problem of global PE overcapacity
supply and demand: due to the strong demand for downstream end products, the overall supply of PE market in India is tight at present. Its three ethylene cracking units are under construction in full swing. It is reported that the gaskets produced by Reliance Industries in India should be made of red copper or aluminum alloy. The ethylene production plant with a capacity of 950000 tons/year will be officially put into operation in the fourth quarter of 2015. The large-scale ethylene production plant construction projects of ONGC and Bharat will be completed in 2015 and 2018 respectively. At that time, it will effectively alleviate the tightening of the PE market in India
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