Consumption volume of petrochemicals in India FY 2015-2018

In 2018, there was 42.25 million metric tons of consumption of petrochemicals in India. There was a constant gap in the production and consumption of petrochemicals. Demand for petrochemicals grew at a 5.4 percent compound annual growth rate between the financial years of 2015 to 2018. India imported 11.2 percent of its total demand of petrochemicals; mostly for polymer production. It was expected that the demand would grow by a 7.5 percent compound annual growth rate during the financial years of 2019 to 2023, because of growth in end-user industries like packaging and textiles.

Consumption volume of petrochemicals in India from financial year 2015 to 2018

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Sources

Release date

November 2019

Region

India

Survey time period

FY 2015 to FY 2018

Supplementary notes

India's financial year starts in April and ends in March. For example, FY 2018 started in April 2017 and ended in March 2018.

Values have been rounded.

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