"India Petrochemicals Report Q2 2011" is now available at Fast Market Research

April 1, 2011 - PRLog -- The Indian petrochemicals industry has witnessed annual growth of around 14-15% over the 2005-2010 period and this double-digit growth is likely to be sustained over the medium term, according to BMI's latest India Petrochemicals Report.

India is on course to become the third largest consumer market for high-tech plastics after the US and China owing to growth in the automotive industry, which is set to grow by more than 6% per annum. In the short term, the main engine of the economy - domestic demand - will be fuelled by rising private consumption and fixed investment levels, as well as the need to rebuild inventories, which should drive petrochemicals demand.

The automotive sector will be a major force in driving engineering and high performance plastics and synthetic rubber in India and is fuelling the diversification of downstream industries. Producers are seeking to increase the value of production and raise margins by tapping into growth in the automotive industry, particularly in styrene butadiene rubber (SBR), which India does not currently produce, but is used in tyre production. A JV agreement between India Oil Companu (IOC), Taiwan's TSRC Corporation and Marubeni plans to establish an SBR unit at Panipat with capacity for 120,000tpa SBR due to come onstream by Q412. India imports up to 130,000tpa of SBR with demand rising by 10% per annum. Although the plan will use butadiene from the Panipat refinery, styrene will be imported.

However, some projects have been delayed, including IOC's planned new petrochemicals complex at Paradip with 1.2mn tpa PC, 700,000tpa PP and 600,000tpa styrene and its planned JV with Gas Authority of India Ltd (GAIL) at Barauni that includes a mixed feed cracker. Oil and Natural Gas Corporation (ONGC)'s US$3bn complex at Dahej is also likely to be delayed, following months of delays in awarding engineering contacts. The Dahej complex will have capacity of 1.1mn tpa of ethylene, and includes three PE units with a capacity of 350,000tpa each and a 350,000tpa PP plant. BMI believes the cost of the complex could rise by 20-30% owing to an increase in the price of inputs, which could deter investors. This could ultimately lead to the project's complete cancellation. Meanwhile, the 9mn tpa refinery that is being commissioned by GGSRL, an INR189bn (US$3.9bn) JV between Mittal Energy and HPCL in Bhatinda, Punjab, has had its start-up date moved by one year to February 2012. Downstream products include PP, solvents and LPG. Financial viability and land acquisition disputes are among the most common problems facing the petrochemicals industry.

In the Asia Petrochemicals Business Environment Ratings matrix, India has fallen from eighth to ninth place owing to a modest 0.2 point fall in its petrochemicals rating caused by a decline in its long-term political risk score. This puts it 0.1 point behind Australia and 16.6 points ahead of Indonesia.

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/128749_india_petrochemicals_re...


Partial Table of Contents:

SWOT Analysis
- India Petrochemicals Industry SWOT
- India Political SWOT
- India Economic SWOT
- India Business Environment SWOT
Global Overview
- Petrochemicals Market Overview
- Financial Results
- Global Oil Products Price Outlook
- Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
- Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Emerging Asia Petrochemicals Overview
- Table: Asian Ethylene Projects
India Market Overview
- Government Policy
- Table: India's Petrochemicals Sector - Cracker Capacity
- Table: India's Petrochemicals Sector - Polypropylene Capacity
- Table: India's Petrochemicals Sector - Polystyrene Capacity
- Table: India's Petrochemicals Sector - Polyethylene Capacity
- Table: India's Petrochemicals Sector - Polyvinyl Chloride Capacity
- Indian Fertiliser Industry
Industry Trends And Developments
- Government Policy And Regulation
- Projects And Expansion Plans
- Planned Petrochemicals Expansion
- Table: India's Petrochemicals Sector - Polypropylene Capacity Projects
- Table: India's Petrochemicals Sector - Polyethylene Projects
- Table: India's Petrochemicals Sector - Ethylene Capacity Projects
- Foreign Ventures
- Egypt-India Ventures
- Industry News - Related Industries
- Mergers And Acquisitions
- Financial Results
Business Environment
- Petrochemicals Business Environment Ratings
- Table: Asia Pacific Petrochemicals Business Environment Ratings
- Legal Code/Corruption
- Red Tape
- Foreign Direct Investment
- Tax Regime
Industry Forecast Scenario
- Petrochemicals Outlook
- Table: India's Petrochemicals Sector, 2007-2015 ('000 tpa, unless otherwise stated)
- Macroeconomic Forecast
- Table: India - Economic Activity; 2006-2015
Company Profiles
- Gas Authority Of India (GAIL)
- Indian Oil Corporation (IOC)
- Reliance Industries (RIL)
Glossary Of Terms
- Table: Glossary Of Petrochemicals Terms
BMI Methodology
- How We Generate Our Industry Forecasts
- Chemicals and Petrochemicals Industry
- Cross Checks
- Business Environment Ratings
- Table: Petrochemicals Business Environment Indicators And Rationale
- Weighting
-

Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=1287...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.