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
(in million metric tons)
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FICCI. (November 11, 2019). Consumption volume of petrochemicals in India from financial year 2015 to 2018 (in million metric tons) [Graph]. In Statista. Retrieved July 02, 2020, from https://www.statista.com/statistics/1108592/india-consumption-volume-of-petrochemicals/
FICCI. "Consumption volume of petrochemicals in India from financial year 2015 to 2018 (in million metric tons)." Chart. November 11, 2019. Statista. Accessed July 02, 2020. https://www.statista.com/statistics/1108592/india-consumption-volume-of-petrochemicals/
FICCI. (2019). Consumption volume of petrochemicals in India from financial year 2015 to 2018 (in million metric tons). Statista. Statista Inc.. Accessed: July 02, 2020. https://www.statista.com/statistics/1108592/india-consumption-volume-of-petrochemicals/
FICCI. "Consumption Volume of Petrochemicals in India from Financial Year 2015 to 2018 (in Million Metric Tons)." Statista, Statista Inc., 11 Nov 2019, https://www.statista.com/statistics/1108592/india-consumption-volume-of-petrochemicals/
FICCI, Consumption volume of petrochemicals in India from financial year 2015 to 2018 (in million metric tons) Statista, https://www.statista.com/statistics/1108592/india-consumption-volume-of-petrochemicals/ (last visited July 02, 2020)
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