Frost Radar™: Indian Petrochemicals Market, 2020

Frost Radar™: Indian Petrochemicals Market, 2020

In a field of more than 25 Indian Petrochemical industry participants, Frost & Sullivan independently plotted the top 10 companies in this Frost Radar™ analysis. The Frost Radar™ on the Indian Petrochemicals Industry is a competitive benchmarking tool on the Growth and the Innovation potential of select petrochemical companies that have based their core operations in India.

Almost all companies plotted on the Frost Radar™ have a noteworthy Innovation score and are making adequate investments in R&D. Frost & Sullivan attributes this to their proactive product development strategies that seek to address the environmental concerns of both regulatory authorities and of OEMs themselves.

The Frost Radar™ measures growth rates in addition to absolute revenues and combines them with several other factors (described in the Frost Radar™) to measure companies’ performance along the growth axis.

The companies profiled here have a product portfolio of at least 2 distinct subsegments in the petrochemical space, i.e., polyolefins, vinyls, aromatics, and/or with backward integration to make their own feedstock. Weightage has been given to companies with a product portfolio that meets import substitution and companies that are expected to boost the local economy, be they existing players or new entrants.

RIL, IOCL, and BPCL are leaders on the Frost Radar™ because of their niche product range, their target geography, and their low business risk, as they have backward integrated to manufacture their own raw materials.


  • Strategic Imperative and Growth Environment
    • Strategic Imperative
    • Growth Environment
  • Frost Radar™ Indian Petrochemicals Market
    • Frost Radar™: Competitive Environment
  • Companies to Action Companies to be Considered First for Investment, Partnerships, or Benchmarking
    • Reliance Industries Limited (RIL)
    • Indian Oil Corporation Ltd (IOC)
    • Bharat Petroleum Corporation Limited (BPCL)
    • Haldia Petrochemicals Limited (HPL)
    • Mangalore Refinery & Petrochemicals Ltd. (MRPL)
    • Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
    • HPCL-Mittal Energy Limited (HMEL)
    • ONGC Petro Additions Limited (OPAL)
    • Nayara Energy (NEL)
    • Brahmaputra Cracker and Polymer Limited (BCPL)
  • Strategic Insights
  • Next Steps: Leveraging the Frost Radar™ to Empower Key Stakeholders
    • Significance of Being on the Frost Radar™
    • Frost Radar™ Empowers the CEO's Growth Team
    • Frost Radar™ Empowers Investors
    • Frost Radar™ Empowers Customers
    • Frost Radar™ Empowers the Board of Directors
  • Frost Radar™ Analytics
    • Frost Radar™: Benchmarking Future Growth Potential

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook