India Petrochemicals Q4 2019
The long-term fundamentals of India's petrochemicals market are strong, if only due to the low level of plasticconsumption and the growth in the Indian middle class. Additionally, domestic capacity growth is likely to be slow due to projectdelays and the sluggish progress on developing petrochemicals clusters, ensuring that consumption growth should benefitimports. The main gap to bridge is in the transition from basic to high value and advanced petrochemical products, which shouldcome with increased foreign investment.
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